HBTA vs TFGZ
Comparison between HORIZON EXPEDITION PLUS ETF (HBTA, ETF) and THORNBURG FOCUS GROWTH FUND ETF CLASS (TFGZ, ETF).
HBTA vs TFGZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HBTA
$236M
Winner
TFGZ
$238M
Expense Ratio
HBTA
0.86%
Winner
TFGZ
0.79%
Max Drawdown
HBTA
26.73%
Winner
TFGZ
5.24%
Sharpe Ratio
HBTA
1.07
Winner
TFGZ
2.79
5Y Beta
HBTA
1.35
Winner
TFGZ
1.19
P/E Ratio
Winner
HBTA
33.38
TFGZ
39.85
Forward P/E
Winner
HBTA
22.33
TFGZ
24.63
PEG Ratio
HBTA
0.26
TFGZ
N/A
5Y EPS CAGR
Winner
HBTA
29.39%
TFGZ
22.75%
Debt to Equity
Winner
HBTA
41.96%
TFGZ
52.07%
P/S Ratio
Winner
HBTA
4.62
TFGZ
6.33
P/B Ratio
Winner
HBTA
7.44
TFGZ
7.62
HBTA vs TFGZ - Holdings Comparison
HBTA and TFGZ have 9 common holdings. Overlap is 15.04%
HBTA's top 25 holdings weight is 62.25%. TFGZ's top 25 holdings weight is 81.03%.
| Rank | HBTA | TFGZ |
|---|---|---|
| #1 | ROUNDHILL MAGNIFICENT SEVEN ETF (MAGS) - 8.03% | MICROSOFT CORP (MSFT) - 9.92% |
| #2 | NVIDIA CORP (NVDA) - 7.49% | ALPHABET INC CLASS A (GOOGL) - 7.45% |
| #3 | ALPHABET INC CLASS A (GOOGL) - 7.01% | BROADCOM INC (AVGO) - 6.94% |
| #4 | APPLE INC (AAPL) - 6.63% | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 4.77% |
| #5 | BROADCOM INC (AVGO) - 3.98% | META PLATFORMS INC CLASS A (META) - 4.76% |
| #6 | MICRON TECHNOLOGY INC (MU) - 3.15% | MASTERCARD INC CLASS A (MA) - 3.30% |
| #7 | AMAZON.COM INC (AMZN) - 2.67% | ROYALTY PHARMA PLC CLASS A (RPRX) - 2.89% |
| #8 | TESLA INC (TSLA) - 2.57% | THORNBURG CAPITAL MANAGEMENT (n/a) - 2.87% |
| #9 | ADVANCED MICRO DEVICES INC (AMD) - 2.16% | SITIME CORP ORDINARY SHARES (SITM) - 2.81% |
| #10 | ELI LILLY AND CO (LLY) - 1.85% | ARGAN INC (AGX) - 2.76% |
| #11 | META PLATFORMS INC CLASS A (META) - 1.78% | VERTIV HOLDINGS CO CLASS A (VRT) - 2.68% |
| #12 | WALMART INC (WMT) - 1.51% | HEICO CORP CLASS A (HEI-A) - 2.64% |
| #13 | APPLIED MATERIALS INC (AMAT) - 1.35% | REDDIT INC CLASS A SHARES (RDDT) - 2.54% |
| #14 | INTEL CORP (INTC) - 1.35% | S&P GLOBAL INC (SPGI) - 2.52% |
| #15 | MICROSOFT CORP (MSFT) - 1.33% | DATADOG INC CLASS A (DDOG) - 2.50% |
| #16 | LAM RESEARCH CORP (LRCX) - 1.28% | REPLIGEN CORP (RGEN) - 2.29% |
| #17 | CATERPILLAR INC (CAT) - 1.25% | VICTORIA'S SECRET & CO (VSXY) - 2.25% |
| #18 | GE AEROSPACE (GE) - 0.98% | STANDARDAERO INC (SARO) - 2.11% |
| #19 | EXXON MOBIL CORP (XOM) - 0.96% | LAM RESEARCH CORP (LRCX) - 2.09% |
| #20 | JOHNSON & JOHNSON (JNJ) - 0.93% | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.01% |
| #21 | KLA CORP (KLAC) - 0.91% | MAREX GROUP PLC (MRX) - 1.99% |
| #22 | GE VERNOVA INC (GEV) - 0.85% | SAMSARA INC ORDINARY SHARES CLASS A (IOT) - 1.89% |
| #23 | THE GOLDMAN SACHS GROUP INC (GS) - 0.77% | TAPESTRY INC (TPR) - 1.83% |
| #24 | MORGAN STANLEY (MS) - 0.76% | ACADIAN ASSET MANAGEMENT INC (AAMI) - 1.70% |
| #25 | VISA INC CLASS A (V) - 0.70% | THE VITA COCO CO INC (COCO) - 1.52% |
| Total Holdings | 206 | 44 |
HBTA vs TFGZ - Historical Returns
Returns include dividend reinvestment.
1M
HBTA
-1.68%
Winner
TFGZ
-1.27%
3M
Winner
HBTA
+7.48%
TFGZ
+5.09%
6M
HBTA
+10.65%
TFGZ
N/A
1Y
HBTA
+24.37%
TFGZ
N/A
Max(CAGR)
HBTA
+17.48%
Winner
TFGZ
+69.21%
HBTA vs TFGZ - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | HBTA | TFGZ |
|---|---|---|
| 2026 | +10.76% | +17.33% |
| 2025 | +14.69% | N/A |
HBTA vs TFGZ Drawdown Comparison
The maximum drawdown for HBTA was -26.73%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.
The maximum drawdown for TFGZ was -5.24%, occurring on Jun 10, 2026. Recovery took 22 trading sessions.
The current HBTA drawdown is -3.49%. The current TFGZ drawdown is -2.80%.
| Rank | HBTA | TFGZ |
|---|---|---|
| #1 | -26.73% Feb 19, 2025 - Jul 3, 2025 | -5.24% Jun 2, 2026 - Jul 6, 2026 |
| #2 | -13.18% Jan 29, 2026 - Apr 15, 2026 | -4.12% Jul 9, 2026 - Jul 17, 2026 |
| #3 | -7.03% Oct 29, 2025 - Dec 24, 2025 | -3.75% May 11, 2026 - May 26, 2026 |
| #4 | -6.72% Jun 2, 2026 - Jun 10, 2026 | -2.14% Apr 22, 2026 - May 1, 2026 |
| #5 | -3.71% Oct 8, 2025 - Oct 20, 2025 | -1.50% Jul 6, 2026 - Jul 9, 2026 |
| #6 | -3.55% May 14, 2026 - May 26, 2026 | -0.53% Apr 20, 2026 - Apr 22, 2026 |
| #7 | -3.48% Jan 12, 2026 - Jan 29, 2026 | -0.47% Apr 8, 2026 - Apr 13, 2026 |
| #8 | -3.36% Jan 23, 2025 - Feb 14, 2025 | -0.16% May 26, 2026 - May 28, 2026 |
| #9 | -2.92% Jul 28, 2025 - Aug 8, 2025 | -0.14% May 6, 2026 - May 8, 2026 |
| #10 | -2.46% Aug 14, 2025 - Aug 27, 2025 | N/A |
| #11 | -1.76% Sep 22, 2025 - Oct 6, 2025 | N/A |
| #12 | -1.66% Aug 28, 2025 - Sep 8, 2025 | N/A |
| #13 | -1.60% Jul 3, 2025 - Jul 14, 2025 | N/A |
| #14 | -1.48% Dec 26, 2025 - Jan 6, 2026 | N/A |
| #15 | -1.05% Apr 17, 2026 - Apr 22, 2026 | N/A |
Correlation
Correlation between HBTA and TFGZ is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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