YNOT vs. GINN

Last updated Jun 25, 2026

YNOT (Horizon Digital Frontier ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both Technology Equities funds. YNOT is actively managed, while GINN is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. YNOT charges 0.75%/yr vs 0.50%/yr for GINN.

Performance

YNOT vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNOT achieves a 12.57% return, which is significantly higher than GINN's 4.77% return.

YNOT

• 1D: -0.87%
• 1M: -3.08%
• YTD: 12.57%
• 6M: 10.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GINN

• 1D: -0.21%
• 1M: -2.16%
• YTD: 4.77%
• 6M: 3.25%
• 1Y: 17.26%
• 3Y*: 18.20%
• 5Y*: 5.32%
• 10Y*: —

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

YNOT vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	12.57%	12.46%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	4.77%	8.78%

Correlation

The correlation between YNOT and GINN is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.84

YNOT vs. GINN - Sectors Allocation Comparison

Sectors	YNOT	GINN
Technology	48.5%	32.6%
Industrials	15.8%	4.7%
Communication Services	14.8%	10.7%
Consumer Cyclical	8.3%	12.7%
Basic Materials	8.3%	0.1%
Financial Services	1.8%	12.4%
Utilities	1.2%	1.7%
Healthcare	0.7%	20.6%
Energy	0.6%	1.7%
Consumer Defensive	-	1.8%
Real Estate	-	0.6%

Return for Risk

YNOT vs. GINN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YNOT

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

GINN

GINN Risk / Return Rank: 31
GINN Sharpe Ratio Rank: 32
GINN Sortino Ratio Rank: 31
GINN Omega Ratio Rank: 30
GINN Calmar Ratio Rank: 29
GINN Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YNOT vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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.

	YNOT	GINN	Difference
Sharpe ratio: Return per unit of total volatility	—	1.06	—
Sortino ratio: Return per unit of downside risk	—	1.53	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.31	—
Martin ratio: Return relative to average drawdown	—	4.60	—

Drawdowns

YNOT vs. GINN - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for YNOT and GINN.

Drawdown Indicators

	YNOT	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-41.25%	+24.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.25%	—
Current Drawdown Current decline from peak	-9.19%	-5.13%	-4.06%
Average Drawdown Average peak-to-trough decline	-3.90%	-13.27%	+9.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.76%	—

Volatility

Volatility by Period

	YNOT	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.39%	16.55%	+7.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.39%	21.43%	+2.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	21.06%	+3.33%

YNOT vs. GINN - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than GINN's 0.50% expense ratio.

Dividends

YNOT vs. GINN - Dividend Comparison

YNOT has not paid dividends to shareholders, while GINN's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.20%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and GINN in my portfolio?

YNOT and GINN have a correlation of 0.84, 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 GINN?

On fees, GINN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or GINN?

GINN is cheaper with a 0.50% expense ratio, compared with 0.75% for YNOT.

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

GINN has the higher dividend yield at 1.20%, compared with 0.00% for YNOT.

What is the main difference between YNOT and GINN?

They also come from different issuers: Horizon and Goldman Sachs. Their fees differ too: 0.75% for YNOT and 0.50% for GINN.