VFL vs HBTA

Comparison between abrdn National Municipal Income Fund (VFL, ETF) and HORIZON EXPEDITION PLUS ETF (HBTA, ETF).

VFL vs HBTA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VFL(ETF)	HBTA(ETF)
Net Assets	$139M	$139M
Expense Ratio	N/A	0.86%
Max Drawdown	55.62%	26.73%
Sharpe Ratio	0.88	1.49
5Y Beta	0.12	1.34
P/E Ratio	N/A	33.62
Forward P/E	N/A	25.10
PEG Ratio	N/A	0.37
5Y Dividends CAGR	1.23%	N/A
5Y EPS CAGR	N/A	30.19%
Debt to Equity	N/A	42.05%
P/S Ratio	N/A	4.54
P/B Ratio	N/A	7.35

Net Assets

VFL

$139M

HBTA

$139M

Expense Ratio

VFL

N/A

HBTA

0.86%

Max Drawdown

VFL

55.62%

Winner

HBTA

26.73%

Sharpe Ratio

VFL

0.88

Winner

HBTA

1.49

5Y Beta

Winner

VFL

0.12

HBTA

1.34

P/E Ratio

VFL

N/A

HBTA

33.62

Forward P/E

VFL

N/A

HBTA

25.10

PEG Ratio

VFL

N/A

HBTA

0.37

5Y Dividends CAGR

VFL

1.23%

HBTA

N/A

5Y EPS CAGR

VFL

N/A

HBTA

30.19%

Debt to Equity

VFL

N/A

HBTA

42.05%

P/S Ratio

VFL

N/A

HBTA

4.54

P/B Ratio

VFL

N/A

HBTA

7.35

VFL vs HBTA - Historical Returns

Returns include dividend reinvestment.

Period	VFL	HBTA
1 month	-0.19%	+1.87%
3 months	+0.81%	+10.85%
6 months	+3.40%	+9.50%
1 year	+12.00%	+33.81%
5 years(CAGR)	-1.00%	N/A
10 years(CAGR)	+1.56%	N/A
Max(CAGR)	+4.71%	+18.32%

VFL

-0.19%

Winner

HBTA

+1.87%

VFL

+0.81%

Winner

HBTA

+10.85%

VFL

+3.40%

Winner

HBTA

+9.50%

VFL

+12.00%

Winner

HBTA

+33.81%

5Y(CAGR)

VFL

-1.00%

HBTA

N/A

10Y(CAGR)

VFL

+1.56%

HBTA

N/A

Max(CAGR)

VFL

+4.71%

Winner

HBTA

+18.32%

VFL vs HBTA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VFL	HBTA
2026	+1.85%	+9.60%
2025	+5.97%	+14.69%
2024	+3.50%	N/A
2023	+2.56%	N/A
2022	-23.16%	N/A
2021	+12.13%	N/A
2020	+3.56%	N/A
2019	+15.05%	N/A
2018	-6.32%	N/A
2017	+5.40%	N/A
2016	+5.52%	N/A
2015	+6.09%	N/A
2014	+18.44%	N/A
2013	-13.74%	N/A
2012	+14.02%	N/A
2011	+11.07%	N/A
2010	+2.14%	N/A
2009	+34.94%	N/A
2008	-20.25%	N/A
2007	-11.93%	N/A
2006	-5.69%	N/A
2005	+2.50%	N/A
2004	+13.26%	N/A
2003	+13.11%	N/A
2002	+12.72%	N/A
2001	+12.08%	N/A
2000	+16.39%	N/A
1999	-2.03%	N/A

VFL vs HBTA Drawdown Comparison

The maximum drawdown for VFL was -45.26%, occurring on Dec 4, 2008. Recovery took 1399 trading sessions.

The maximum drawdown for HBTA was -26.73%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.

The current VFL drawdown is -9.84%. The current HBTA drawdown is -4.50%.

Rank	VFL	HBTA
#1	-45.26% Mar 7, 2006 - Sep 23, 2011	-26.73% Feb 19, 2025 - Jul 3, 2025
#2	-39.04% Dec 22, 2021 - Oct 25, 2023	-13.18% Jan 29, 2026 - Apr 15, 2026
#3	-29.96% Mar 4, 2020 - Jan 21, 2021	-7.03% Oct 29, 2025 - Dec 24, 2025
#4	-22.70% Dec 6, 2012 - Jan 15, 2015	-4.50% Jun 2, 2026 - Jun 5, 2026
#5	-16.39% Feb 4, 2004 - Oct 25, 2004	-3.71% Oct 8, 2025 - Oct 20, 2025
#6	-14.76% Jul 9, 2003 - Dec 17, 2003	-3.55% May 14, 2026 - May 26, 2026
#7	-14.66% Jan 5, 2005 - Jun 7, 2005	-3.48% Jan 12, 2026 - Jan 29, 2026
#8	-13.51% Jul 8, 2016 - May 10, 2019	-3.36% Jan 23, 2025 - Feb 14, 2025
#9	-13.37% Sep 2, 2005 - Mar 7, 2006	-2.92% Jul 28, 2025 - Aug 8, 2025
#10	-8.91% Sep 9, 2002 - Apr 30, 2003	-2.46% Aug 14, 2025 - Aug 27, 2025
#11	-8.00% Aug 20, 2019 - Feb 18, 2020	-1.76% Sep 22, 2025 - Oct 6, 2025
#12	-6.54% Nov 2, 1999 - Jun 21, 2000	-1.66% Aug 28, 2025 - Sep 8, 2025
#13	-6.07% Sep 28, 2011 - Jan 12, 2012	-1.60% Jul 3, 2025 - Jul 14, 2025
#14	-5.48% Feb 2, 2015 - Oct 28, 2015	-1.48% Dec 26, 2025 - Jan 6, 2026
#15	-5.45% Jun 7, 2005 - Aug 22, 2005	-1.05% Apr 17, 2026 - Apr 22, 2026

Correlation

Correlation between VFL and HBTA is 0.72 which considered as a strong positive correlation - the stocks tend to move together.

0.72

-101

Dividend Comparison (1999 - 2026)

VFL vs HBTA dividend yield comparison.

Year	VFL	HBTA
2026	2.46%	0.00%
2025	5.84%	0.64%
2024	5.31%	0.00%
2023	4.43%	0.00%
2022	5.21%	0.00%
2021	4.42%	0.00%
2020	4.32%	0.00%
2019	5.14%	0.00%
2018	5.04%	0.00%
2017	4.60%	0.00%
2016	5.32%	0.00%
2015	5.97%	0.00%
2014	5.77%	0.00%
2013	5.95%	0.00%
2012	4.13%	0.00%
2011	4.18%	0.00%
2010	4.30%	0.00%
2009	4.15%	0.00%
2008	6.28%	0.00%
2007	5.92%	0.00%
2006	6.45%	0.00%
2005	7.56%	0.00%
2004	6.49%	0.00%
2003	6.35%	0.00%
2002	5.95%	0.00%
2001	5.00%	0.00%
2000	5.71%	0.00%
1999	1.05%	0.00%