FLXN vs FMNY

Comparison between HORIZON FLEXIBLE INCOME ETF (FLXN, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).

5-Year PerformanceFLXN has outperformed FMNY, delivering a return of +23.7% compared to +0.5%

FLXN vs FMNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLXN(ETF)	FMNY(ETF)
Net Assets	$40M	$39M
Expense Ratio	0.82%	0.49%
Max Drawdown	85.30%	18.26%
Sharpe Ratio	1.01	1.08
5Y Beta	0.35	0.03

Net Assets

Winner

FLXN

$40M

FMNY

$39M

Expense Ratio

FLXN

0.82%

Winner

FMNY

0.49%

Max Drawdown

FLXN

85.30%

Winner

FMNY

18.26%

Sharpe Ratio

FLXN

1.01

Winner

FMNY

1.08

5Y Beta

FLXN

0.35

Winner

FMNY

0.03

FLXN vs FMNY - Historical Returns

Returns include dividend reinvestment.

Period	FLXN	FMNY
1 month	+0.94%	+0.69%
3 months	+3.13%	+0.90%
6 months	+3.20%	+2.31%
1 year	+7.50%	+7.30%
5 years(CAGR)	+23.71%	+0.48%
10 years(CAGR)	+6.86%	N/A
Max(CAGR)	+5.04%	+0.74%

Winner

FLXN

+0.94%

FMNY

+0.69%

Winner

FLXN

+3.13%

FMNY

+0.90%

Winner

FLXN

+3.20%

FMNY

+2.31%

Winner

FLXN

+7.50%

FMNY

+7.30%

5Y(CAGR)

Winner

FLXN

+23.71%

FMNY

+0.48%

10Y(CAGR)

FLXN

+6.86%

FMNY

N/A

Max(CAGR)

Winner

FLXN

+5.04%

FMNY

+0.74%

FLXN vs FMNY - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FLXN	FMNY
2026	+2.63%	+1.89%
2025	+4.70%	+3.79%
2024	N/A	+1.79%
2023	N/A	+6.08%
2022	N/A	-10.52%
2021	-21.51%	+1.60%
2020	-43.79%	N/A
2019	+66.13%	N/A
2018	-57.17%	N/A
2017	+32.35%	N/A
2016	+4.51%	N/A
2015	-4.70%	N/A
2014	+37.25%	N/A

FLXN vs FMNY Drawdown Comparison

The maximum drawdown for FLXN was -85.30%, occurring on Aug 19, 2021. This drawdown has not yet recovered.

The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.

The current FLXN drawdown is -9.92%. The current FMNY drawdown is -0.68%.

Rank	FLXN	FMNY
#1	-85.30% Oct 6, 2017 - Aug 19, 2021	-15.90% Jul 19, 2021 - Nov 18, 2025
#2	-72.06% Mar 19, 2015 - Mar 27, 2017	-2.83% Feb 27, 2026 - Mar 24, 2026
#3	-42.00% Mar 27, 2017 - Oct 6, 2017	-0.66% Jun 15, 2021 - Jul 8, 2021
#4	-40.00% Mar 13, 2014 - Sep 10, 2014	-0.57% Nov 18, 2025 - Jan 5, 2026
#5	-26.63% Sep 10, 2014 - Dec 17, 2014	-0.55% Jan 14, 2026 - Feb 3, 2026
#6	-15.22% Jan 14, 2015 - Mar 4, 2015	-0.17% Feb 10, 2026 - Feb 17, 2026
#7	-5.97% Dec 19, 2014 - Jan 6, 2015	-0.15% May 14, 2021 - May 20, 2021
#8	-5.00% Mar 4, 2015 - Mar 13, 2015	-0.15% Jan 7, 2026 - Jan 14, 2026
#9	-4.29% Feb 28, 2014 - Mar 5, 2014	-0.13% Jul 12, 2021 - Jul 19, 2021
#10	-1.49% Feb 21, 2014 - Feb 25, 2014	-0.12% May 20, 2021 - May 24, 2021
#11	-1.25% Jan 8, 2015 - Jan 13, 2015	-0.10% May 24, 2021 - May 27, 2021
#12	-1.20% Feb 14, 2014 - Feb 21, 2014	-0.04% Feb 18, 2026 - Feb 23, 2026
#13	-0.62% Mar 6, 2014 - Mar 12, 2014	-0.04% Jan 5, 2026 - Jan 7, 2026
#14	-0.41% Mar 17, 2015 - Mar 19, 2015	-0.04% Feb 4, 2026 - Feb 6, 2026
#15	-0.41% Feb 12, 2014 - Feb 14, 2014	N/A