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HNDDX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HNDDX and QQQ is 0.86, 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.


Performance

HNDDX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Active Dividend Fund (HNDDX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

HNDDX:

0.81

QQQ:

0.62

Sortino Ratio

HNDDX:

1.13

QQQ:

0.92

Omega Ratio

HNDDX:

1.18

QQQ:

1.13

Calmar Ratio

HNDDX:

0.75

QQQ:

0.60

Martin Ratio

HNDDX:

2.98

QQQ:

1.94

Ulcer Index

HNDDX:

4.23%

QQQ:

7.02%

Daily Std Dev

HNDDX:

17.18%

QQQ:

25.59%

Max Drawdown

HNDDX:

-36.28%

QQQ:

-82.98%

Current Drawdown

HNDDX:

-2.77%

QQQ:

-3.64%

Returns By Period

In the year-to-date period, HNDDX achieves a 2.21% return, which is significantly higher than QQQ's 1.69% return.


HNDDX

YTD

2.21%

1M

5.11%

6M

-1.29%

1Y

12.81%

3Y*

8.35%

5Y*

11.49%

10Y*

N/A

QQQ

YTD

1.69%

1M

7.77%

6M

2.15%

1Y

15.88%

3Y*

19.78%

5Y*

18.08%

10Y*

17.69%

*Annualized

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Horizon Active Dividend Fund

Invesco QQQ

HNDDX vs. QQQ - Expense Ratio Comparison

HNDDX has a 1.10% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

HNDDX vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HNDDX
The Risk-Adjusted Performance Rank of HNDDX is 6464
Overall Rank
The Sharpe Ratio Rank of HNDDX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of HNDDX is 6161
Sortino Ratio Rank
The Omega Ratio Rank of HNDDX is 6969
Omega Ratio Rank
The Calmar Ratio Rank of HNDDX is 6666
Calmar Ratio Rank
The Martin Ratio Rank of HNDDX is 6565
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 5353
Overall Rank
The Sharpe Ratio Rank of QQQ is 5353
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 5252
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 5151
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 5959
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

HNDDX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Active Dividend Fund (HNDDX) and Invesco QQQ (QQQ). 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.


The current HNDDX Sharpe Ratio is 0.81, which is higher than the QQQ Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of HNDDX and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

HNDDX vs. QQQ - Dividend Comparison

HNDDX's dividend yield for the trailing twelve months is around 6.79%, more than QQQ's 0.58% yield.


TTM20242023202220212020201920182017201620152014
HNDDX
Horizon Active Dividend Fund
6.79%6.25%1.54%2.17%3.98%2.14%2.67%5.86%2.67%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.58%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

HNDDX vs. QQQ - Drawdown Comparison

The maximum HNDDX drawdown since its inception was -36.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HNDDX and QQQ.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

HNDDX vs. QQQ - Volatility Comparison

The current volatility for Horizon Active Dividend Fund (HNDDX) is 3.99%, while Invesco QQQ (QQQ) has a volatility of 5.62%. This indicates that HNDDX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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