Horizon Expedition Plus ETF (HBTA) Performance
HBTA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.2% since Dec 31, 2025
- 1 year
- +10.7% total return
- Since first price
- +24.1% since 2025
HBTA trailing returns vs SPY, QQQ, AGG
| Period | HBTA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.0% | −5.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.1% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.9% | +3.9% | +7.8% | +8.4% | −1.5% |
| YTD | +8.2% | +8.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +10.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJan 23, 2025 | +24.1% | +23.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HBTA vs SPY
From Jan 23, 2025: HBTA grew to $12,411, SPY to $12,708.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HBTA returns by calendar year
2026 is year to date.
HBTA annual returns table
| Year | HBTA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.2% | −13.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HBTA largest drawdowns
Now 7.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −26.7% | Apr 8, 2025 | Jul 3, 2025 | 48 days | 4 months |
| Feb 2, 2026 | −13.2% | Mar 30, 2026 | Apr 15, 2026 | 56 days | 2 months |
| Jun 2, 2026 | −11.7% | Jul 29, 2026 | Sep 22, 2026 | 57 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HBTA risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +18.4% |
| Volatility (annualized) | 20.0% |
| Sharpe ratio | 0.75 |
| Sortino ratio | 1.37 |
| Best month | +15.1% |
| Worst month | −9.9% |
| Best 12 months | +43.4% |
| Worst 12 months | +17.0% |
| Positive months | 60% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HBTA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 10 | +7.5% | +20.3% | +43.4% | 100% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
HBTA performance overview
Horizon Expedition Plus ETF (HBTA) returned +10.7% over the past year, with distributions reinvested. Since its first recorded price on Jan 23, 2025 it has returned +24.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.7%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 20.0% a year.
Related: HBTA chart, HBTA holdings, HBTA dividends, HBTA valuation. See the HBTA overview for the latest quote and fund facts.
HBTA performance FAQ
What is the HBTA return over the past year?
HBTA returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.0%.
How much would $10,000 invested in HBTA be worth?
$10,000 invested in HBTA at its first recorded close on January 23, 2025 would be worth about $12,411 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of HBTA?
The largest peak-to-trough decline was −26.7% between February 19, 2025 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is HBTA?
Over the past history HBTA had an annualized volatility of 20.0% and a Sharpe ratio of 0.75 (excess return over 1–3 month T-bills per unit of risk).