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Launched

Horizon Expedition Plus ETF

HBTANYSE ArcaHorizon FundsB

$30.25−0.49 (−1.61%)

As of Nov 2, 2026, 3:59 PM ET

B58/ 100

Rank 16 of 51 in Active Option Income

B58/100Rank 16 of 51inActive Option Income
Intraday session: down, 79 prints from 30.75 to 30.25. Range 30.25 to 31.05. Use the arrow keys to read each point.30.4030.6031.0010 AM12 PM2 PM4 PM
Expense ratio
0.86%
Fund size
$237M
1Y total return
+5.5%
Yield · Last 12 months
No data
Holdings
206
Avg volume · 30D
59.9K sh
52W range
low $25.52high $33.91
Launched

The ETF.net HBTA Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Active Option Income⁠
Rank
16 of 51
Six-pillar profile for HBTA. Scores out of 100: Cost 60, Risk 37, Mission not scored, Tradability 79, Holdings 48, Durability 73. Strongest: Tradability (79). Weakest: Risk (37). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B60 out of 100
    Rank 21 of 51

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 33 of 48

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A79 out of 100
    Rank 4 of 51

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C48 out of 100
    Rank 27 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A73 out of 100
    Rank 10 of 51

Our read on HBTA

ETF.net Research

In short

BMost options-income funds sell calls and cap their upside. HBTA flips the script: an actively managed large-cap U.S. stock portfolio paired with sold put spreads, so the income comes from taking downside risk while equity upside stays open.

Stated mandate

The Fund seeks total return through an actively managed portfolio focused primarily on large-cap U.S. equities, while buying and selling put and call options to generate income.

Why people hold it

  • Income comes from put spreads on broad indices (a sold put plus a lower-strike put bought as a hedge), not calls written on its own stocks, so equity upside is not sold away.sec.gov
  • The 0.86% fee sits below the category median and is not propped up by a waiver, though lower-cost options exist in the group (RECI runs 0.30%).
  • The playbook is wide: put spreads, collars, straddles, covered calls and cash-secured puts are all permitted, letting the manager reshape the payoff as conditions change.sec.gov
  • Across a peer group of roughly 50 options-income funds, it lands in the upper half, helped by decent trading liquidity and an established fund family behind it.

Worth knowing

  • The prospectus says the put-selling is expected to increase volatility, and in falling markets losses are hedged only below the strike of the purchased put.sec.gov
  • Income is paid once or twice a year, not monthly, so it behaves differently from the monthly-paycheck crowd.
  • Listed in January 2025, so the live record for this overlay is still short and covers only one market stretch.

HBTA Holdings

Holdings pillarC48 out of 100Rank 27 of 43 in Active Option Income
Asset class
Stocks
Holdings
206
Top-10 weight
49%
Largest holding
MAGS9.0%

Geography

  • United States99.49%
  • Switzerland0.42%
  • Mexico0.09%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MAGSRoundhill Magnificent Seven ETF8.97%310,335$21.3M8
2NVDANVIDIA Corp8.16%94,460$19.3M848
3MSFTMicrosoft Corp7.90%35,873$18.7M819
4GOOGLAlphabet Inc6.19%52,376$14.7M707
5No dataAmazon.com Inc4.77%46,995$11.3M6
6MUMicron Technology Inc3.44%9,207$8.15M686
7METAMeta Platforms Inc3.37%12,996$7.99M708
8No dataAdvanced Micro Devices Inc2.62%12,270$6.19M5
9JPMJPMorgan Chase & Co.2.00%14,025$4.73M487
10VVisa Inc1.83%10,487$4.34M559
11PLTRPalantir Technologies Inc1.40%17,949$3.3M531
12MAMastercard Inc1.22%4,543$2.9M531
13INTCIntel Corp1.09%39,263$2.58M514
14LRCXLam Research Corp0.99%9,797$2.34M603
15No dataApplied Materials Inc0.98%5,939$2.32M5

Showing 1–15 of 206 holdings

HBTA Performance

Launched Jan 22, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
HBTA$10,547
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. HBTA $10,547. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for HBTA. Periods over one year show the average yearly return.
PeriodHBTA
Year to date+6.1%
1 month−6.5%
3 months−1.8%
1 year+5.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for HBTA
YearReturn barHBTA
2026 YTD+6.1%
2025+14.7%

History from Jan 23, 2025

HBTA in the news

HBTA Dividends

Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 24, 2025 $0.19. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.19

$10,000 in HBTA 1 year ago paid $63.05 in dividends.

HBTA Risk

Risk pillarD37 out of 100Rank 33 of 48 in Active Option Income
How much the fund’s monthly returns vary, scaled to a year.
20.4%
Annualised · 21 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.50
vs 3-month T-bills · 21 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−26.7%
21 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.43
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

HBTA Cost

Compare HBTA and RECI

Overpaying vs RECI, cheapest in Active Option Income

$10,219

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • HBTA 0.86%

    $16,368

  • RECI 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • HBTA 0.86%
  • RECI 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530HBTA $16,368RECI $6,149

Year by year

YearHBTARECIOverpaying
10$1,525$545$980
20$5,768$2,113$3,655
30$16,368$6,149$10,219

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