HNDDX vs. ARANX
Compare and contrast key facts about Horizon Active Dividend Fund (HNDDX) and Horizon Active Risk Assist Fund (ARANX).
HNDDX is managed by Horizon Investments. It was launched on Dec 28, 2016. ARANX is managed by Horizon Investments. It was launched on Aug 27, 2014.
Performance
HNDDX vs. ARANX - Performance Comparison
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HNDDX vs. ARANX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HNDDX Horizon Active Dividend Fund | -0.99% | 18.89% | 21.66% | 6.24% | -6.91% | 20.42% | -3.24% | 17.20% | -8.46% | 22.95% |
ARANX Horizon Active Risk Assist Fund | -2.67% | 14.03% | 13.60% | 16.70% | -19.38% | 20.69% | 4.25% | 12.63% | -7.49% | 17.27% |
Returns By Period
In the year-to-date period, HNDDX achieves a -0.99% return, which is significantly higher than ARANX's -2.67% return.
HNDDX
- 1D
- 2.59%
- 1M
- -4.23%
- YTD
- -0.99%
- 6M
- 1.68%
- 1Y
- 19.81%
- 3Y*
- 15.66%
- 5Y*
- 9.14%
- 10Y*
- —
ARANX
- 1D
- 3.12%
- 1M
- -5.93%
- YTD
- -2.67%
- 6M
- -0.97%
- 1Y
- 12.77%
- 3Y*
- 12.80%
- 5Y*
- 5.71%
- 10Y*
- 6.68%
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HNDDX vs. ARANX - Expense Ratio Comparison
HNDDX has a 1.10% expense ratio, which is lower than ARANX's 1.17% expense ratio.
Return for Risk
HNDDX vs. ARANX — Risk / Return Rank
HNDDX
ARANX
HNDDX vs. ARANX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Dividend Fund (HNDDX) and Horizon Active Risk Assist Fund (ARANX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HNDDX | ARANX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.92 | +0.32 |
Sortino ratioReturn per unit of downside risk | 1.82 | 1.29 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.29 | +0.55 |
Martin ratioReturn relative to average drawdown | 9.50 | 4.74 | +4.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HNDDX | ARANX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.92 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.45 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.42 | +0.13 |
Correlation
The correlation between HNDDX and ARANX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HNDDX vs. ARANX - Dividend Comparison
HNDDX's dividend yield for the trailing twelve months is around 6.61%, less than ARANX's 9.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNDDX Horizon Active Dividend Fund | 6.61% | 6.55% | 6.25% | 1.54% | 2.17% | 3.98% | 2.13% | 2.67% | 5.86% | 2.67% | 0.00% | 0.00% |
ARANX Horizon Active Risk Assist Fund | 9.39% | 9.14% | 10.35% | 0.83% | 0.53% | 8.22% | 0.37% | 1.00% | 3.91% | 4.70% | 0.86% | 1.06% |
Drawdowns
HNDDX vs. ARANX - Drawdown Comparison
The maximum HNDDX drawdown since its inception was -36.28%, which is greater than ARANX's maximum drawdown of -21.50%. Use the drawdown chart below to compare losses from any high point for HNDDX and ARANX.
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Drawdown Indicators
| HNDDX | ARANX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -21.50% | -14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -10.13% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -21.50% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.50% | — |
Current DrawdownCurrent decline from peak | -4.89% | -7.32% | +2.43% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -6.53% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.77% | -0.57% |
Volatility
HNDDX vs. ARANX - Volatility Comparison
The current volatility for Horizon Active Dividend Fund (HNDDX) is 4.71%, while Horizon Active Risk Assist Fund (ARANX) has a volatility of 6.38%. This indicates that HNDDX experiences smaller price fluctuations and is considered to be less risky than ARANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDDX | ARANX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 6.38% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 9.96% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 14.20% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 12.62% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 12.52% | +3.43% |