HRZN vs. SCHD
HRZN (Horizon Technology Finance Corporation) is a stock, while SCHD (Schwab U.S. Dividend Equity ETF) is Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Over the past 10 years, HRZN returned 0.01%/yr vs 12.76%/yr for SCHD. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
HRZN vs. SCHD - 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 SCHD's 24.03% return. Over the past 10 years, HRZN has underperformed SCHD with an annualized return of 0.01%, while SCHD has yielded a comparatively higher 12.76% 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%
SCHD
- 1D
- 0.18%
- 1M
- 3.33%
- 6M
- 14.09%
- YTD
- 24.03%
- 1Y
- 31.54%
- 3Y*
- 14.19%
- 5Y*
- 9.54%
- 10Y*
- 12.76%
- ALL TIME*
- 13.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.25M | $2.64M | $3.35M | |
| $786.88M | $715.86M | $685.58M |
HRZN vs. SCHD - 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% |
SCHD Schwab U.S. Dividend Equity ETF | 24.03% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between HRZN and SCHD is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.35 |
The correlation between HRZN and SCHD shifts across timeframes, from 0.18 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HRZN vs. SCHD — Risk / Return Rank
HRZN
SCHD
HRZN vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Schwab U.S. 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.
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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -5.30 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.51 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 6.74 | -7.53 |
| Martin ratioReturn relative to average drawdown | -1.40 | 17.01 | -18.42 |
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Drawdowns
HRZN vs. SCHD - Drawdown Comparison
The maximum HRZN drawdown since its inception was -62.57%, 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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Drawdown Indicators
| HRZN | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.57% | -33.37% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -42.21% | -4.61% | -37.60% |
Max Drawdown (3Y)Largest decline over 3 years | -59.36% | -16.13% | -43.23% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -16.85% | -45.72% |
Max Drawdown (10Y)Largest decline over 10 years | -62.57% | -33.37% | -29.20% |
Current DrawdownCurrent decline from peak | -56.18% | -1.24% | -54.94% |
Average DrawdownAverage peak-to-trough decline | -13.71% | -3.30% | -10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.47% | 1.82% | +22.65% |
Volatility
HRZN vs. SCHD - Volatility Comparison
Horizon Technology Finance Corporation (HRZN) has a higher volatility of 5.08% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 4.11%. 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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Volatility by Period
| HRZN | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 4.11% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 40.09% | 8.11% | +31.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.06% | 11.13% | +30.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.47% | 14.39% | +17.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 16.72% | +19.77% |
Dividends
HRZN vs. SCHD - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 25.46%, more than SCHD's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHD Schwab U.S. Dividend Equity ETF | 3.13% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
Frequently Asked Questions
HRZN and SCHD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRZN has higher volatility (5.08%) compared to SCHD (4.11%). In terms of maximum drawdown, HRZN dropped -62.57% vs SCHD's -33.37%.
SCHD currently has the higher Sharpe Ratio (2.81 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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