QGRD vs. SHUS

Last updated Aug 2, 2026

QGRD (Horizon NASDAQ-100 Defined Risk ETF) and SHUS (Stratified LargeCap Hedged ETF) are both Equity Hedged funds. Both are actively managed. Over the past year, QGRD returned 17.17% vs 18.08% for SHUS. Their 0.43 correlation means their historical movements had little consistent relationship. QGRD charges 0.85%/yr vs 0.79%/yr for SHUS.

Performance

QGRD vs. SHUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon NASDAQ-100 Defined Risk ETF (QGRD) and Stratified LargeCap Hedged ETF (SHUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QGRD achieves a 8.03% return, which is significantly lower than SHUS's 11.17% return.

QGRD

• 1D: 0.40%
• 1M: -2.87%
• 6M: 6.57%
• YTD: 8.03%
• 1Y: 17.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.86%

SHUS

• 1D: -0.09%
• 1M: 0.21%
• 6M: 7.84%
• YTD: 11.17%
• 1Y: 18.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QGRD Horizon NASDAQ-100 Defined Risk ETF	$4.82M	$2.43M	$1.27M
SHUS Stratified LargeCap Hedged ETF	$381.44	$481.50	$2.69K

QGRD vs. SHUS - Yearly Performance Comparison

	2026 (YTD)	2025
QGRD Horizon NASDAQ-100 Defined Risk ETF	8.03%	8.15%
SHUS Stratified LargeCap Hedged ETF	11.17%	4.47%

Correlation

The correlation between QGRD and SHUS is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.43

Return for Risk

QGRD vs. SHUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QGRD

QGRD Risk / Return Rank: 40
QGRD Sharpe Ratio Rank: 40
QGRD Sortino Ratio Rank: 38
QGRD Omega Ratio Rank: 38
QGRD Calmar Ratio Rank: 45
QGRD Martin Ratio Rank: 41

SHUS

SHUS Risk / Return Rank: 74
SHUS Sharpe Ratio Rank: 75
SHUS Sortino Ratio Rank: 78
SHUS Omega Ratio Rank: 73
SHUS Calmar Ratio Rank: 71
SHUS Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QGRD vs. SHUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon NASDAQ-100 Defined Risk ETF (QGRD) and Stratified LargeCap Hedged ETF (SHUS). 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.

	QGRD	SHUS	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.72	-0.71
Sortino ratio: Return per unit of downside risk	1.43	2.53	-1.09
Omega ratio: Gain probability vs. loss probability	1.18	1.30	-0.12
Calmar ratio: Return relative to maximum drawdown	1.62	2.49	-0.86
Martin ratio: Return relative to average drawdown	4.52	8.97	-4.45

QGRD vs. SHUS - Sharpe Ratio Comparison

The current QGRD Sharpe Ratio is 1.01, which is lower than the SHUS Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of QGRD and SHUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QGRD vs. SHUS - Drawdown Comparison

The maximum QGRD drawdown since its inception was -9.41%, smaller than the maximum SHUS drawdown of -14.09%. Use the drawdown chart below to compare losses from any high point for QGRD and SHUS.

Drawdown Indicators

	QGRD	SHUS	Difference
Max Drawdown Largest peak-to-trough decline	-9.41%	-14.09%	+4.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-6.95%	-2.46%
Current Drawdown Current decline from peak	-6.25%	-1.06%	-5.19%
Average Drawdown Average peak-to-trough decline	-2.40%	-2.48%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	1.92%	+1.45%

Volatility

QGRD vs. SHUS - Volatility Comparison

Horizon NASDAQ-100 Defined Risk ETF (QGRD) has a higher volatility of 5.01% compared to Stratified LargeCap Hedged ETF (SHUS) at 2.85%. This indicates that QGRD's price experiences larger fluctuations and is considered to be riskier than SHUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGRD	SHUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	2.85%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	7.37%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	10.12%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	12.41%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	12.41%	+2.34%

QGRD vs. SHUS - Expense Ratio Comparison

QGRD has a 0.85% expense ratio, which is higher than SHUS's 0.79% expense ratio.

Dividends

QGRD vs. SHUS - Dividend Comparison

QGRD's dividend yield for the trailing twelve months is around 1.45%, more than SHUS's 1.24% yield.

Position	TTM	2025	2024
QGRD Horizon NASDAQ-100 Defined Risk ETF	1.45%	1.57%	0.00%
SHUS Stratified LargeCap Hedged ETF	1.24%	1.37%	0.26%

Frequently Asked Questions

Can I hold both QGRD and SHUS in my portfolio?

QGRD and SHUS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QGRD or SHUS?

QGRD has higher volatility (5.01%) compared to SHUS (2.85%). In terms of maximum drawdown, QGRD dropped -9.41% vs SHUS's -14.09%.

Which ETF is better, QGRD or SHUS?

On 1-year performance, SHUS leads with 18.08% vs 17.17% for QGRD. On fees, SHUS is cheaper at 0.79% per year. On volatility, SHUS has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QGRD or SHUS?

Over the 1-year period, SHUS has performed better with a 18.08% return vs 17.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QGRD or SHUS?

SHUS is cheaper with a 0.79% expense ratio, compared with 0.85% for QGRD.

Which ETF pays a higher dividend yield, QGRD or SHUS?

QGRD has the higher dividend yield at 1.45%, compared with 1.24% for SHUS.

What is the main difference between QGRD and SHUS?

They also come from different issuers: Horizon and Exchange Traded Concepts. Their fees differ too: 0.85% for QGRD and 0.79% for SHUS.

Which has better risk-adjusted returns?

SHUS currently has the higher Sharpe Ratio (1.72 vs 1.01), 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.