HNDRX vs. SDRIX
Compare and contrast key facts about Horizon Defined Risk Fund (HNDRX) and Swan Defined Risk Fund (SDRIX).
HNDRX is managed by Horizon Investments. It was launched on Dec 27, 2017. SDRIX is managed by Swan. It was launched on Jul 29, 2012.
Performance
HNDRX vs. SDRIX - Performance Comparison
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HNDRX vs. SDRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HNDRX Horizon Defined Risk Fund | -1.60% | 10.78% | 15.41% | 14.97% | -10.12% | 13.08% | 7.21% | 13.22% | -1.67% |
SDRIX Swan Defined Risk Fund | -2.71% | 10.72% | 4.91% | 12.37% | -12.84% | 17.41% | 5.25% | 12.75% | -5.82% |
Returns By Period
In the year-to-date period, HNDRX achieves a -1.60% return, which is significantly higher than SDRIX's -2.71% return.
HNDRX
- 1D
- 1.41%
- 1M
- -2.76%
- YTD
- -1.60%
- 6M
- 0.40%
- 1Y
- 9.95%
- 3Y*
- 11.55%
- 5Y*
- 7.75%
- 10Y*
- —
SDRIX
- 1D
- 1.55%
- 1M
- -3.43%
- YTD
- -2.71%
- 6M
- -1.14%
- 1Y
- 8.97%
- 3Y*
- 7.35%
- 5Y*
- 4.50%
- 10Y*
- 5.10%
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HNDRX vs. SDRIX - Expense Ratio Comparison
HNDRX has a 1.04% expense ratio, which is lower than SDRIX's 1.18% expense ratio.
Return for Risk
HNDRX vs. SDRIX — Risk / Return Rank
HNDRX
SDRIX
HNDRX vs. SDRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Defined Risk Fund (HNDRX) and Swan Defined Risk Fund (SDRIX). 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.
| HNDRX | SDRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.05 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.47 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.79 | -0.51 |
Martin ratioReturn relative to average drawdown | 7.73 | 7.35 | +0.38 |
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
| HNDRX | SDRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.05 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.47 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.54 | +0.15 |
Correlation
The correlation between HNDRX and SDRIX is 0.90, 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
HNDRX vs. SDRIX - Dividend Comparison
HNDRX's dividend yield for the trailing twelve months is around 0.21%, less than SDRIX's 10.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNDRX Horizon Defined Risk Fund | 0.21% | 0.21% | 0.09% | 0.21% | 0.36% | 0.28% | 0.57% | 0.55% | 0.58% | 0.00% | 0.00% | 0.00% |
SDRIX Swan Defined Risk Fund | 10.84% | 10.55% | 0.00% | 12.37% | 0.00% | 0.00% | 0.34% | 1.21% | 1.00% | 0.76% | 1.42% | 0.78% |
Drawdowns
HNDRX vs. SDRIX - Drawdown Comparison
The maximum HNDRX drawdown since its inception was -20.71%, roughly equal to the maximum SDRIX drawdown of -20.69%. Use the drawdown chart below to compare losses from any high point for HNDRX and SDRIX.
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Drawdown Indicators
| HNDRX | SDRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.71% | -20.69% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -5.34% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -13.99% | -17.67% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.69% | — |
Current DrawdownCurrent decline from peak | -3.13% | -3.82% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -3.59% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.30% | +0.04% |
Volatility
HNDRX vs. SDRIX - Volatility Comparison
The current volatility for Horizon Defined Risk Fund (HNDRX) is 2.84%, while Swan Defined Risk Fund (SDRIX) has a volatility of 3.47%. This indicates that HNDRX experiences smaller price fluctuations and is considered to be less risky than SDRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDRX | SDRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.47% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 5.17% | 5.82% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 8.74% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 9.60% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.57% | 9.67% | +0.90% |