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HRZN vs. SCHD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HRZN and SCHD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

HRZN vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Technology Finance Corporation (HRZN) and Schwab US Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

HRZN:

-0.86

SCHD:

0.42

Sortino Ratio

HRZN:

-1.00

SCHD:

0.49

Omega Ratio

HRZN:

0.83

SCHD:

1.07

Calmar Ratio

HRZN:

-0.60

SCHD:

0.28

Martin Ratio

HRZN:

-1.40

SCHD:

0.84

Ulcer Index

HRZN:

18.81%

SCHD:

5.32%

Daily Std Dev

HRZN:

30.02%

SCHD:

16.46%

Max Drawdown

HRZN:

-60.44%

SCHD:

-33.37%

Current Drawdown

HRZN:

-39.84%

SCHD:

-9.68%

Returns By Period

In the year-to-date period, HRZN achieves a -11.02% return, which is significantly lower than SCHD's -3.27% return. Over the past 10 years, HRZN has underperformed SCHD with an annualized return of 4.40%, while SCHD has yielded a comparatively higher 10.57% annualized return.


HRZN

YTD

-11.02%

1M

-14.75%

6M

-12.86%

1Y

-25.61%

3Y*

-4.53%

5Y*

2.84%

10Y*

4.40%

SCHD

YTD

-3.27%

1M

1.16%

6M

-9.40%

1Y

6.77%

3Y*

3.50%

5Y*

12.24%

10Y*

10.57%

*Annualized

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Schwab US Dividend Equity ETF

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

Risk-Adjusted Performance

HRZN vs. SCHD — Risk-Adjusted Performance Rank

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

HRZN
The Risk-Adjusted Performance Rank of HRZN is 1010
Overall Rank
The Sharpe Ratio Rank of HRZN is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of HRZN is 1212
Sortino Ratio Rank
The Omega Ratio Rank of HRZN is 88
Omega Ratio Rank
The Calmar Ratio Rank of HRZN is 1212
Calmar Ratio Rank
The Martin Ratio Rank of HRZN is 88
Martin Ratio Rank

SCHD
The Risk-Adjusted Performance Rank of SCHD is 3131
Overall Rank
The Sharpe Ratio Rank of SCHD is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHD is 2727
Sortino Ratio Rank
The Omega Ratio Rank of SCHD is 2727
Omega Ratio Rank
The Calmar Ratio Rank of SCHD is 3232
Calmar Ratio Rank
The Martin Ratio Rank of SCHD is 2929
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.

HRZN vs. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Schwab US Dividend Equity ETF (SCHD). 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 HRZN Sharpe Ratio is -0.86, which is lower than the SCHD Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of HRZN and SCHD, 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

HRZN vs. SCHD - Dividend Comparison

HRZN's dividend yield for the trailing twelve months is around 17.58%, more than SCHD's 3.97% yield.


TTM20242023202220212020201920182017201620152014
HRZN
Horizon Technology Finance Corporation
17.58%14.68%10.02%10.43%7.54%9.44%9.28%10.67%10.70%12.96%11.76%9.86%
SCHD
Schwab US Dividend Equity ETF
3.97%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%

Drawdowns

HRZN vs. SCHD - Drawdown Comparison

The maximum HRZN drawdown since its inception was -60.44%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for HRZN and SCHD.


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

Volatility

HRZN vs. SCHD - Volatility Comparison

Horizon Technology Finance Corporation (HRZN) has a higher volatility of 19.93% compared to Schwab US Dividend Equity ETF (SCHD) at 4.91%. This indicates that HRZN's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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