USRAX vs. FGJEX
USRAX (Horizon U.S. Defensive Equity Fund) and FGJEX (Fidelity Advisor Growth & Income Fund Class Z) are both Large Cap Blend Equities funds. Over the past year, USRAX returned 17.96% vs 18.88% for FGJEX. Their correlation of 0.88 suggests significant overlap in exposure. USRAX charges 1.17%/yr vs 0.46%/yr for FGJEX.
Performance
USRAX vs. FGJEX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with USRAX having a 9.95% return and FGJEX slightly lower at 9.88%.
USRAX
- 1D
- 0.56%
- 1M
- 1.10%
- 6M
- 7.73%
- YTD
- 9.95%
- 1Y
- 17.96%
- 3Y*
- 16.59%
- 5Y*
- 10.99%
- 10Y*
- —
FGJEX
- 1D
- 0.16%
- 1M
- 1.87%
- 6M
- 6.78%
- YTD
- 9.88%
- 1Y
- 18.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USRAX vs. FGJEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USRAX Horizon U.S. Defensive Equity Fund | 9.95% | 18.17% |
FGJEX Fidelity Advisor Growth & Income Fund Class Z | 9.88% | 24.15% |
Correlation
The correlation between USRAX and FGJEX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.88 |
The correlation between USRAX and FGJEX has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
USRAX vs. FGJEX — Risk / Return Rank
USRAX
FGJEX
USRAX vs. FGJEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon U.S. Defensive Equity Fund (USRAX) and Fidelity Advisor Growth & Income Fund Class Z (FGJEX). 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.
| USRAX | FGJEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.24 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.04 | 9.33 | +1.71 |
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Drawdowns
USRAX vs. FGJEX - Drawdown Comparison
The maximum USRAX drawdown since its inception was -23.39%, which is greater than FGJEX's maximum drawdown of -8.32%. Use the drawdown chart below to compare losses from any high point for USRAX and FGJEX.
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Drawdown Indicators
| USRAX | FGJEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -8.32% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -8.32% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.52% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -1.02% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.00% | -0.43% |
Volatility
USRAX vs. FGJEX - Volatility Comparison
Horizon U.S. Defensive Equity Fund (USRAX) has a higher volatility of 3.29% compared to Fidelity Advisor Growth & Income Fund Class Z (FGJEX) at 3.11%. This indicates that USRAX's price experiences larger fluctuations and is considered to be riskier than FGJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRAX | FGJEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.11% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 8.13% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.05% | 10.92% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.73% | 10.85% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 10.85% | +4.80% |
USRAX vs. FGJEX - Expense Ratio Comparison
USRAX has a 1.17% expense ratio, which is higher than FGJEX's 0.46% expense ratio.
Dividends
USRAX vs. FGJEX - Dividend Comparison
USRAX's dividend yield for the trailing twelve months is around 6.38%, less than FGJEX's 8.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FGJEX Fidelity Advisor Growth & Income Fund Class Z | 8.67% | 9.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USRAX Horizon U.S. Defensive Equity Fund | 6.38% | 7.01% | 8.57% | 2.79% | 0.80% | 25.28% | 0.30% | 0.25% |
Frequently Asked Questions
USRAX and FGJEX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USRAX has higher volatility (3.29%) compared to FGJEX (3.11%). In terms of maximum drawdown, USRAX dropped -23.39% vs FGJEX's -8.32%.
USRAX currently has the higher Sharpe Ratio (1.73 vs 1.71), 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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