FLXN vs SPXV

Comparison between HORIZON FLEXIBLE INCOME ETF (FLXN, ETF) and PROSHARES S&P 500 EX-HEALTH CARE ETF (SPXV, ETF).

5-Year PerformanceFLXN has outperformed SPXV, delivering a return of +23.7% compared to +14.3%

FLXN vs SPXV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FLXN(ETF)	SPXV(ETF)
Net Assets	$40M	$40M
Expense Ratio	0.82%	0.09%
Max Drawdown	85.30%	34.34%
Sharpe Ratio	1.01	1.47
5Y Beta	0.35	1.03
P/E Ratio	N/A	28.79
Forward P/E	N/A	22.14
PEG Ratio	N/A	0.41
5Y Dividends CAGR	N/A	6.05%
5Y EPS CAGR	N/A	29.71%
Debt to Equity	N/A	39.39%
P/S Ratio	N/A	4.24
P/B Ratio	N/A	5.89

Net Assets

FLXN

$40M

Winner

SPXV

$40M

Expense Ratio

FLXN

0.82%

Winner

SPXV

0.09%

Max Drawdown

FLXN

85.30%

Winner

SPXV

34.34%

Sharpe Ratio

FLXN

1.01

Winner

SPXV

1.47

5Y Beta

Winner

FLXN

0.35

SPXV

1.03

P/E Ratio

FLXN

N/A

SPXV

28.79

Forward P/E

FLXN

N/A

SPXV

22.14

PEG Ratio

FLXN

N/A

SPXV

0.41

5Y Dividends CAGR

FLXN

N/A

SPXV

6.05%

5Y EPS CAGR

FLXN

N/A

SPXV

29.71%

Debt to Equity

FLXN

N/A

SPXV

39.39%

P/S Ratio

FLXN

N/A

SPXV

4.24

P/B Ratio

FLXN

N/A

SPXV

5.89

FLXN vs SPXV - Historical Returns

Returns include dividend reinvestment.

Period	FLXN	SPXV
1 month	+0.94%	+0.01%
3 months	+3.13%	+12.53%
6 months	+3.20%	+10.34%
1 year	+7.50%	+25.40%
5 years(CAGR)	+23.71%	+14.26%
10 years(CAGR)	+6.86%	+16.12%
Max(CAGR)	+5.04%	+15.93%

Winner

FLXN

+0.94%

SPXV

+0.01%

FLXN

+3.13%

Winner

SPXV

+12.53%

FLXN

+3.20%

Winner

SPXV

+10.34%

FLXN

+7.50%

Winner

SPXV

+25.40%

5Y(CAGR)

Winner

FLXN

+23.71%

SPXV

+14.26%

10Y(CAGR)

FLXN

+6.86%

Winner

SPXV

+16.12%

Max(CAGR)

FLXN

+5.04%

Winner

SPXV

+15.93%

FLXN vs SPXV - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	FLXN	SPXV
2026	+2.63%	+9.94%
2025	+4.70%	+18.68%
2024	N/A	+29.14%
2023	N/A	+31.18%
2022	N/A	-21.25%
2021	-21.51%	+30.48%
2020	-43.79%	+17.90%
2019	+66.13%	+32.55%
2018	-57.17%	-3.83%
2017	+32.35%	+17.00%
2016	+4.51%	+13.25%
2015	-4.70%	+8.26%
2014	+37.25%	N/A

FLXN vs SPXV 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 SPXV was -34.34%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.

The current FLXN drawdown is -9.92%. The current SPXV drawdown is -2.99%.

Rank	FLXN	SPXV
#1	-85.30% Oct 6, 2017 - Aug 19, 2021	-34.34% Feb 19, 2020 - Aug 12, 2020
#2	-72.06% Mar 19, 2015 - Mar 27, 2017	-26.57% Jan 4, 2022 - Dec 13, 2023
#3	-42.00% Mar 27, 2017 - Oct 6, 2017	-19.88% Feb 19, 2025 - Jun 24, 2025
#4	-40.00% Mar 13, 2014 - Sep 10, 2014	-19.55% Sep 26, 2018 - Apr 4, 2019
#5	-26.63% Sep 10, 2014 - Dec 17, 2014	-11.72% Dec 2, 2015 - Aug 1, 2016
#6	-15.22% Jan 14, 2015 - Mar 4, 2015	-10.07% Sep 2, 2020 - Nov 16, 2020
#7	-5.97% Dec 19, 2014 - Jan 6, 2015	-9.39% Jul 16, 2024 - Sep 19, 2024
#8	-5.00% Mar 4, 2015 - Mar 13, 2015	-9.15% Jan 28, 2026 - Apr 14, 2026
#9	-4.29% Feb 28, 2014 - Mar 5, 2014	-7.84% Jan 24, 2018 - Jul 18, 2018
#10	-1.49% Feb 21, 2014 - Feb 25, 2014	-7.37% Apr 29, 2019 - Jun 20, 2019
#11	-1.25% Jan 8, 2015 - Jan 13, 2015	-6.36% Jul 26, 2019 - Oct 25, 2019
#12	-1.20% Feb 14, 2014 - Feb 21, 2014	-5.90% Oct 28, 2025 - Dec 24, 2025
#13	-0.62% Mar 6, 2014 - Mar 12, 2014	-5.40% Mar 28, 2024 - May 14, 2024
#14	-0.41% Mar 17, 2015 - Mar 19, 2015	-5.10% Jun 2, 2026 - Jun 10, 2026
#15	-0.41% Feb 12, 2014 - Feb 14, 2014	-4.66% Sep 2, 2021 - Oct 19, 2021

Correlation

Correlation between FLXN and SPXV is 0.34 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.34

-101

Dividend Comparison (2015 - 2026)

FLXN vs SPXV dividend yield comparison.

Year	FLXN	SPXV
2026	3.94%	0.22%
2025	3.49%	0.97%
2024	0.00%	1.12%
2023	0.00%	1.27%
2022	0.00%	1.67%
2021	0.00%	1.11%
2020	0.00%	1.45%
2019	0.00%	1.58%
2018	0.00%	1.89%
2017	0.00%	1.57%
2016	0.00%	2.66%
2015	0.00%	0.56%