YNOT vs. DIVN

Last updated Jun 4, 2026

YNOT (Horizon Digital Frontier ETF) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while DIVN is a Large Cap Value Equities fund managed by Horizon. At a 0.18 correlation, their price movements are largely independent. YNOT charges 0.75%/yr vs 0.70%/yr for DIVN.

Performance

YNOT vs. DIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and Horizon Dividend Income ETF (DIVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNOT achieves a 21.63% return, which is significantly higher than DIVN's 11.87% return.

YNOT

• 1D: -1.88%
• 1M: 8.38%
• YTD: 21.63%
• 6M: 20.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVN

• 1D: 0.21%
• 1M: 3.29%
• YTD: 11.87%
• 6M: 11.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNOT vs. DIVN - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	21.63%	11.82%
DIVN Horizon Dividend Income ETF	11.87%	4.20%

Correlation

The correlation between YNOT and DIVN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.18

Return for Risk

YNOT vs. DIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and Horizon Dividend Income ETF (DIVN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	YNOT	DIVN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	2.13	-0.35

Drawdowns

YNOT vs. DIVN - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for YNOT and DIVN.

Drawdown Indicators

	YNOT	DIVN	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-5.55%	-11.18%
Current Drawdown Current decline from peak	-1.88%	-0.63%	-1.25%
Average Drawdown Average peak-to-trough decline	-3.74%	-1.45%	-2.29%

Volatility

Volatility by Period

	YNOT	DIVN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	23.11%	10.56%	+12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.11%	10.56%	+12.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.11%	10.56%	+12.55%

YNOT vs. DIVN - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than DIVN's 0.70% expense ratio.

Dividends

YNOT vs. DIVN - Dividend Comparison

YNOT has not paid dividends to shareholders, while DIVN's dividend yield for the trailing twelve months is around 3.12%.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.12%	1.47%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and DIVN in my portfolio?

YNOT and DIVN 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.

Which ETF is better, YNOT or DIVN?

On fees, DIVN is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or DIVN?

DIVN is cheaper with a 0.70% expense ratio, compared with 0.75% for YNOT.

Which ETF pays a higher dividend yield, YNOT or DIVN?

DIVN has the higher dividend yield at 3.12%, compared with 0.00% for YNOT.

What is the main difference between YNOT and DIVN?

YNOT is categorized as Technology Equities, while DIVN is Large Cap Value Equities. Their fees differ too: 0.75% for YNOT and 0.70% for DIVN.