HRZN vs. FDUS
HRZN (Horizon Technology Finance Corporation) and FDUS (Fidus Investment Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, HRZN returned 0.01%/yr vs 14.32%/yr for FDUS. Their 0.34 correlation means their historical movements had little consistent relationship.
Performance
HRZN vs. FDUS - Performance Comparison
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Returns By Period
In the year-to-date period, HRZN achieves a -25.37% return, which is significantly lower than FDUS's 8.93% return. Over the past 10 years, HRZN has underperformed FDUS with an annualized return of 0.01%, while FDUS has yielded a comparatively higher 14.32% annualized return.
HRZN
- 1D
- -1.82%
- 1M
- -7.30%
- 6M
- -29.32%
- YTD
- -25.37%
- 1Y
- -31.80%
- 3Y*
- -19.76%
- 5Y*
- -13.59%
- 10Y*
- 0.01%
- ALL TIME*
- 2.82%
FDUS
- 1D
- -0.80%
- 1M
- 2.12%
- 6M
- 8.99%
- YTD
- 8.93%
- 1Y
- 7.43%
- 3Y*
- 10.84%
- 5Y*
- 16.12%
- 10Y*
- 14.32%
- ALL TIME*
- 13.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.84M | $8.39M | $6.57M | |
| $2.25M | $2.64M | $3.35M |
HRZN vs. FDUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRZN Horizon Technology Finance Corporation | -25.37% | -14.44% | -22.87% | 26.99% | -19.72% | 29.74% | 14.08% | 26.88% | 11.71% | 18.62% |
FDUS Fidus Investment Corporation | 8.93% | 2.08% | 20.55% | 20.02% | 17.09% | 50.66% | -0.78% | 40.72% | -13.70% | 6.25% |
Correlation
The correlation between HRZN and FDUS is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2011 | 0.34 |
The correlation between HRZN and FDUS shifts across timeframes, from 0.34 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
HRZN:
$190.63M
FDUS:
$749.22M
HRZN:
$0.62
FDUS:
$2.37
HRZN:
6.97
FDUS:
8.33
HRZN:
0.14
FDUS:
3.33
HRZN:
3.67
FDUS:
5.19
HRZN:
0.61
FDUS:
1.01
HRZN:
$53.12M
FDUS:
$140.24M
HRZN:
$47.15M
FDUS:
$91.57M
HRZN:
$51.20M
FDUS:
$98.79M
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Return for Risk
HRZN vs. FDUS — Risk / Return Rank
HRZN
FDUS
HRZN vs. FDUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Fidus Investment Corporation (FDUS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HRZN | FDUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.08 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.48 | -1.27 |
| Martin ratioReturn relative to average drawdown | -1.40 | 1.11 | -2.51 |
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Drawdowns
HRZN vs. FDUS - Drawdown Comparison
The maximum HRZN drawdown since its inception was -62.57%, smaller than the maximum FDUS drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for HRZN and FDUS.
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Drawdown Indicators
| HRZN | FDUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.57% | -68.76% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -42.21% | -15.16% | -27.05% |
Max Drawdown (3Y)Largest decline over 3 years | -59.36% | -23.94% | -35.42% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -23.94% | -38.63% |
Max Drawdown (10Y)Largest decline over 10 years | -62.57% | -68.76% | +6.19% |
Current DrawdownCurrent decline from peak | -56.18% | -4.55% | -51.63% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -8.86% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.47% | 6.51% | +17.96% |
Volatility
HRZN vs. FDUS - Volatility Comparison
The current volatility for Horizon Technology Finance Corporation (HRZN) is 5.08%, while Fidus Investment Corporation (FDUS) has a volatility of 10.09%. This indicates that HRZN experiences smaller price fluctuations and is considered to be less risky than FDUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRZN | FDUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 10.09% | -5.01% |
Volatility (6M)Calculated over the trailing 6-month period | 40.09% | 19.45% | +20.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.06% | 23.20% | +18.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 20.39% | +11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 33.71% | +2.78% |
Dividends
HRZN vs. FDUS - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 25.46%, more than FDUS's 11.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDUS Fidus Investment Corporation | 11.20% | 11.14% | 11.51% | 14.63% | 10.51% | 8.90% | 10.15% | 10.78% | 13.69% | 10.54% | 10.17% | 11.69% |
HRZN Horizon Technology Finance Corporation | 25.46% | 20.47% | 15.24% | 10.40% | 10.86% | 7.85% | 9.44% | 9.28% | 10.67% | 10.70% | 12.96% | 11.76% |
Financials
HRZN vs. FDUS - Financials Comparison
This section allows you to compare key financial metrics between Horizon Technology Finance Corporation and Fidus Investment Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HRZN vs. FDUS - Profitability Comparison
HRZN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Horizon Technology Finance Corporation reported a gross profit of 0.00 and revenue of 24.08M. Therefore, the gross margin over that period was 0.0%.
FDUS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Fidus Investment Corporation reported a gross profit of 0.00 and revenue of 34.29M. Therefore, the gross margin over that period was 0.0%.
HRZN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Horizon Technology Finance Corporation reported an operating income of 0.00 and revenue of 24.08M, resulting in an operating margin of 0.0%.
FDUS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Fidus Investment Corporation reported an operating income of 0.00 and revenue of 34.29M, resulting in an operating margin of 0.0%.
HRZN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Horizon Technology Finance Corporation reported a net income of 9.24M and revenue of 24.08M, resulting in a net margin of 38.4%.
FDUS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Fidus Investment Corporation reported a net income of 24.64M and revenue of 34.29M, resulting in a net margin of 71.9%.
Frequently Asked Questions
HRZN and FDUS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDUS has higher volatility (10.09%) compared to HRZN (5.08%). In terms of maximum drawdown, HRZN dropped -62.57% vs FDUS's -68.76%.
FDUS currently has the higher Sharpe Ratio (0.31 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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