USRAX vs. VOO
Compare and contrast key facts about Horizon U.S. Defensive Equity Fund (USRAX) and Vanguard S&P 500 ETF (VOO).
USRAX is managed by Horizon Investments. It was launched on Jun 26, 2019. 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.
Performance
USRAX vs. VOO - Performance Comparison
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USRAX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
USRAX Horizon U.S. Defensive Equity Fund | -3.13% | 15.27% | 17.68% | 15.00% | -10.73% | 27.99% | 5.17% | 5.87% |
VOO Vanguard S&P 500 ETF | -4.42% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 11.57% |
Returns By Period
In the year-to-date period, USRAX achieves a -3.13% return, which is significantly higher than VOO's -4.42% return.
USRAX
- 1D
- -0.22%
- 1M
- -6.82%
- YTD
- -3.13%
- 6M
- -1.27%
- 1Y
- 12.60%
- 3Y*
- 14.22%
- 5Y*
- 9.80%
- 10Y*
- —
VOO
- 1D
- 2.86%
- 1M
- -5.01%
- YTD
- -4.42%
- 6M
- -1.84%
- 1Y
- 17.67%
- 3Y*
- 18.27%
- 5Y*
- 11.75%
- 10Y*
- 14.05%
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USRAX vs. VOO - Expense Ratio Comparison
USRAX has a 1.17% expense ratio, which is higher than VOO's 0.03% expense ratio.
Return for Risk
USRAX vs. VOO — Risk / Return Rank
USRAX
VOO
USRAX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon U.S. Defensive Equity Fund (USRAX) 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.
| USRAX | VOO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.98 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.50 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.53 | -0.42 |
Martin ratioReturn relative to average drawdown | 5.85 | 7.29 | -1.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USRAX | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.98 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.70 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.83 | -0.19 |
Correlation
The correlation between USRAX and VOO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USRAX vs. VOO - Dividend Comparison
USRAX's dividend yield for the trailing twelve months is around 7.24%, more than VOO's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USRAX Horizon U.S. Defensive Equity Fund | 7.24% | 7.01% | 8.57% | 2.79% | 0.80% | 25.28% | 0.30% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Drawdowns
USRAX vs. VOO - Drawdown Comparison
The maximum USRAX drawdown since its inception was -23.39%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for USRAX and VOO.
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Drawdown Indicators
| USRAX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -33.99% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -11.98% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -24.52% | +4.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -7.07% | -6.29% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.72% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.52% | -0.48% |
Volatility
USRAX vs. VOO - Volatility Comparison
The current volatility for Horizon U.S. Defensive Equity Fund (USRAX) is 3.25%, while Vanguard S&P 500 ETF (VOO) has a volatility of 5.29%. This indicates that USRAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USRAX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.29% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 9.44% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 18.10% | -2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 16.82% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 17.99% | -2.16% |