USRAX
Horizon Multi-Factor U.S. Equity Fund
Horizon Funds

Average annual returns

Through 2025
1 year
15.24%
3 year
15.96%
5 year
12.16%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Feb. 28, 2026
Volatility (ann.)
10.35%
Sharpe
1.71
Sortino
3.19
Max drawdown
-19.50%
Best month
10.76%
Worst month
-10.49%
Beta vs VTSAX
0.80
Correlation
0.93

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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