HBTA vs IPO
Comparison between HORIZON EXPEDITION PLUS ETF (HBTA, ETF) and RENAISSANCE IPO ETF (IPO, ETF).
HBTA vs IPO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HBTA
$139M
IPO
$138M
Expense Ratio
HBTA
0.86%
Winner
IPO
0.60%
Max Drawdown
Winner
HBTA
26.73%
IPO
68.76%
Sharpe Ratio
Winner
HBTA
1.49
IPO
0.74
5Y Beta
Winner
HBTA
1.34
IPO
1.49
P/E Ratio
Winner
HBTA
33.62
IPO
184.80
Forward P/E
Winner
HBTA
25.10
IPO
39.85
PEG Ratio
Winner
HBTA
0.37
IPO
0.49
5Y Dividends CAGR
HBTA
N/A
IPO
38.29%
5Y EPS CAGR
HBTA
30.19%
IPO
N/A
Debt to Equity
HBTA
42.05%
IPO
N/A
P/S Ratio
Winner
HBTA
4.54
IPO
4.86
P/B Ratio
HBTA
7.35
Winner
IPO
6.71
HBTA vs IPO - Holdings Comparison
HBTA and IPO have 1 common holdings. Overlap is -0.56%
HBTA's top 25 holdings weight is 63.15%. IPO's top 25 holdings weight is 91.37%.
| Rank | HBTA | IPO |
|---|---|---|
| #1 | ROUNDHILL MAGNIFICENT SEVEN ETF (MAGS) - 8.83% | ASTERA LABS INC (ALAB) - 12.57% |
| #2 | NVIDIA CORP (NVDA) - 8.36% | ARM HOLDINGS PLC ADR (ARM) - 12.40% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 7.74% | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 9.81% |
| #4 | APPLE INC (AAPL) - 7.10% | KENVUE INC (KVUE) - 7.90% |
| #5 | BROADCOM INC (AVGO) - 4.43% | REDDIT INC CLASS A SHARES (RDDT) - 5.76% |
| #6 | AMAZON.COM INC (AMZN) - 3.06% | VIKING HOLDINGS LTD (VIK) - 4.56% |
| #7 | TESLA INC (TSLA) - 2.59% | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 3.57% |
| #8 | MICRON TECHNOLOGY INC (MU) - 2.11% | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 3.55% |
| #9 | META PLATFORMS INC CLASS A (META) - 1.94% | RUBRIK INC CLASS A SHARES (RBRK) - 3.04% |
| #10 | ADVANCED MICRO DEVICES INC (AMD) - 1.71% | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES (AHR) - 2.78% |
| #11 | WALMART INC (WMT) - 1.65% | KASPI.KZ JSC ADS (KSPI) - 2.58% |
| #12 | ELI LILLY AND CO (LLY) - 1.65% | CAVA GROUP INC (CAVA) - 2.50% |
| #13 | MICROSOFT CORP (MSFT) - 1.53% | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 2.41% |
| #14 | INTEL CORP (INTC) - 1.17% | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 2.40% |
| #15 | EXXON MOBIL CORP (XOM) - 1.11% | MAPLEBEAR INC (CART) - 2.17% |
| #16 | CATERPILLAR INC (CAT) - 1.01% | STANDARDAERO INC (SARO) - 1.93% |
| #17 | LAM RESEARCH CORP (LRCX) - 0.92% | AMER SPORTS INC (AS) - 1.71% |
| #18 | JOHNSON & JOHNSON (JNJ) - 0.86% | TEMPUS AI INC CLASS A COMMON STOCK (TEM) - 1.44% |
| #19 | APPLIED MATERIALS INC (AMAT) - 0.82% | LEGENCE CORP ORDINARY SHARES CLASS A (LGN) - 1.37% |
| #20 | GE AEROSPACE (GE) - 0.81% | SERVICETITAN INC CLASS A ORDINARY SHARES (TTAN) - 1.29% |
| #21 | n/a (PLTR) - 0.78% | ATMUS FILTRATION TECHNOLOGIES INC (ATMU) - 1.27% |
| #22 | THE GOLDMAN SACHS GROUP INC (GS) - 0.76% | FORGENT POWER SOLUTIONS INC ORDINARY SHARES CLASS A (FPS) - 1.25% |
| #23 | GE VERNOVA INC (GEV) - 0.74% | FIGMA INC CLASS A (FIG) - 1.23% |
| #24 | ORACLE CORP (ORCL) - 0.74% | KARMAN HOLDINGS INC (KRMN) - 0.96% |
| #25 | MORGAN STANLEY (MS) - 0.73% | LINEAGE INC REIT (LINE) - 0.92% |
| Total Holdings | 206 | 49 |
HBTA vs IPO - Historical Returns
Returns include dividend reinvestment.
1M
HBTA
+1.87%
Winner
IPO
+4.53%
3M
HBTA
+10.85%
Winner
IPO
+24.03%
6M
HBTA
+9.50%
Winner
IPO
+12.56%
1Y
Winner
HBTA
+33.81%
IPO
+24.72%
5Y(CAGR)
HBTA
N/A
IPO
-2.47%
10Y(CAGR)
HBTA
N/A
IPO
+10.47%
Max(CAGR)
Winner
HBTA
+18.32%
IPO
+8.41%
HBTA vs IPO - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | HBTA | IPO |
|---|---|---|
| 2026 | +9.60% | +13.93% |
| 2025 | +14.69% | +3.34% |
| 2024 | N/A | +20.50% |
| 2023 | N/A | +55.06% |
| 2022 | N/A | -56.71% |
| 2021 | N/A | -9.24% |
| 2020 | N/A | +104.07% |
| 2019 | N/A | +33.94% |
| 2018 | N/A | -17.82% |
| 2017 | N/A | +36.17% |
| 2016 | N/A | +2.36% |
| 2015 | N/A | -7.95% |
| 2014 | N/A | +7.41% |
| 2013 | N/A | +7.55% |
HBTA vs IPO Drawdown Comparison
The maximum drawdown for HBTA was -26.73%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.
The maximum drawdown for IPO was -68.76%, occurring on Dec 28, 2022. This drawdown has not yet recovered.
The current HBTA drawdown is -4.50%. The current IPO drawdown is -29.10%.
| Rank | HBTA | IPO |
|---|---|---|
| #1 | -26.73% Feb 19, 2025 - Jul 3, 2025 | -68.76% Feb 12, 2021 - Dec 28, 2022 |
| #2 | -13.18% Jan 29, 2026 - Apr 15, 2026 | -38.47% Feb 19, 2020 - May 20, 2020 |
| #3 | -7.03% Oct 29, 2025 - Dec 24, 2025 | -36.73% Apr 16, 2015 - May 15, 2017 |
| #4 | -4.50% Jun 2, 2026 - Jun 5, 2026 | -31.34% Jun 18, 2018 - May 3, 2019 |
| #5 | -3.71% Oct 8, 2025 - Oct 20, 2025 | -17.59% Jul 26, 2019 - Jan 16, 2020 |
| #6 | -3.55% May 14, 2026 - May 26, 2026 | -13.19% Mar 5, 2014 - Sep 8, 2014 |
| #7 | -3.48% Jan 12, 2026 - Jan 29, 2026 | -11.58% Oct 13, 2020 - Nov 20, 2020 |
| #8 | -3.36% Jan 23, 2025 - Feb 14, 2025 | -10.96% Sep 11, 2014 - Nov 12, 2014 |
| #9 | -2.92% Jul 28, 2025 - Aug 8, 2025 | -10.76% Sep 1, 2020 - Sep 29, 2020 |
| #10 | -2.46% Aug 14, 2025 - Aug 27, 2025 | -9.40% Dec 22, 2020 - Jan 21, 2021 |
| #11 | -1.76% Sep 22, 2025 - Oct 6, 2025 | -8.14% Aug 5, 2020 - Aug 26, 2020 |
| #12 | -1.66% Aug 28, 2025 - Sep 8, 2025 | -7.39% May 3, 2019 - Jun 18, 2019 |
| #13 | -1.60% Jul 3, 2025 - Jul 14, 2025 | -7.03% Jan 23, 2018 - Mar 6, 2018 |
| #14 | -1.48% Dec 26, 2025 - Jan 6, 2026 | -6.78% Nov 24, 2014 - Feb 11, 2015 |
| #15 | -1.05% Apr 17, 2026 - Apr 22, 2026 | -6.75% Jul 9, 2020 - Aug 3, 2020 |
Correlation
Correlation between HBTA and IPO is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
Dividend Comparison (2013 - 2026)
HBTA vs IPO dividend yield comparison.
| Year | HBTA | IPO |
|---|---|---|
| 2026 | 0.00% | 0.06% |
| 2025 | 0.64% | 0.66% |
| 2024 | 0.00% | 0.12% |
| 2020 | 0.00% | 0.10% |
| 2019 | 0.00% | 0.26% |
| 2018 | 0.00% | 0.49% |
| 2017 | 0.00% | 0.43% |
| 2016 | 0.00% | 0.40% |
| 2015 | 0.00% | 0.11% |
| 2014 | 0.00% | 2.45% |
| 2013 | 0.00% | 0.07% |
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