HRZN vs. VOO
Compare and contrast key facts about Horizon Technology Finance Corporation (HRZN) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HRZN or VOO.
Key characteristics
HRZN | VOO | |
---|---|---|
YTD Return | -8.14% | 11.78% |
1Y Return | 0.76% | 28.27% |
3Y Return (Ann) | -1.20% | 10.42% |
5Y Return (Ann) | 9.67% | 15.03% |
10Y Return (Ann) | 8.82% | 13.05% |
Sharpe Ratio | -0.01 | 2.56 |
Daily Std Dev | 24.20% | 11.55% |
Max Drawdown | -60.46% | -33.99% |
Current Drawdown | -19.28% | -0.04% |
Correlation
The correlation between HRZN and VOO 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. VOO - Performance Comparison
In the year-to-date period, HRZN achieves a -8.14% return, which is significantly lower than VOO's 11.78% return. Over the past 10 years, HRZN has underperformed VOO with an annualized return of 8.82%, while VOO has yielded a comparatively higher 13.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
HRZN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Technology Finance Corporation (HRZN) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
HRZN vs. VOO - Dividend Comparison
HRZN's dividend yield for the trailing twelve months is around 11.37%, more than VOO's 1.32% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Horizon Technology Finance Corporation | 11.37% | 9.95% | 10.32% | 7.44% | 9.29% | 9.10% | 10.45% | 10.48% | 12.70% | 11.53% | 9.67% | 9.52% |
Vanguard S&P 500 ETF | 1.32% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
HRZN vs. VOO - Drawdown Comparison
The maximum HRZN drawdown since its inception was -60.46%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HRZN and VOO. For additional features, visit the drawdowns tool.
Volatility
HRZN vs. VOO - Volatility Comparison
Horizon Technology Finance Corporation (HRZN) has a higher volatility of 4.78% compared to Vanguard S&P 500 ETF (VOO) at 3.37%. This indicates that HRZN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.