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Launched

Horizon Nasdaq-100 Defined Risk ETF

QGRDNasdaqHorizon FundsD

$27.87−0.07 (−0.25%)

As of Nov 10, 2026, 11:05 AM ET

D40/ 100

Rank 22 of 31 in Nasdaq-100 Option Income

D40/100Rank 22 of 31inNasdaq-100 Option Income
Intraday session: down, 20 prints from 27.94 to 27.87. Range 27.80 to 27.96. Use the arrow keys to read each point.27.8027.8227.8527.9010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$162M
1Y total return
+4.3%
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
38.3K sh
52W range
low $23.83high $30.84
Launched

The ETF.net QGRD Grade

Based on 4 of 6 pillars

D

Score 40 out of 100

Category
Nasdaq-100 Option Income⁠
Rank
22 of 31
Six-pillar profile for QGRD. Scores out of 100: Cost 33, Risk 56, Mission not scored, Tradability 41, Holdings not scored, Durability 35. Strongest: Risk (56). Weakest: Cost (33). Based on 4 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D33 out of 100
    Rank 21 of 31

  • 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.
    B56 out of 100
    Rank 11 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 20 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 29 of 31

Our read on QGRD

ETF.net Research

In short

DMost Nasdaq-100 options funds are built around selling calls. QGRD runs an actively managed collar on FLEX options tied to the same index, spending some upside to fund an explicit downside cushion.

Stated mandate

The fund seeks capital appreciation and capital preservation. It primarily uses FLEX options tied to the Nasdaq-100 and actively managed collars to pursue exposure while generating income, managing volatility, and reducing downside risk.

Why people hold it

  • Protection is in the mechanics, not the marketing: FLEX options on the Nasdaq-100 wrapped in a collar, pairing sold calls with a protective put leg aimed at blunting drawdowns.
  • The collar is actively managed, so strikes and hedges can be adjusted as volatility shifts rather than locked to one fixed formula.
  • Dual mandate, unusual for this group: it targets capital appreciation and capital preservation, with income as one tool rather than the headline number.

Worth knowing

  • At 0.85% it sits above the typical fee in the Nasdaq-100 options-income group, where QQA charges 0.33% and JEPQ 0.35%.
  • A 2025 launch that trades lightly, so the live record is short and spreads can run wider than at the cohort's largest names.
  • Payouts follow an annual or semiannual schedule, so this is not a monthly-income vehicle.

QGRD Performance

Launched Jul 9, 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.
QGRD$10,435
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. QGRD $10,435. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 QGRD. Periods over one year show the average yearly return.
PeriodQGRD
Year to date+4.8%
1 month−8.2%
3 months−5.8%
1 year+4.3%
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 QGRD
YearReturn barQGRD
2026 YTD+4.8%
2025+8.3%

History from Jul 10, 2025

QGRD in the news

QGRD Dividends

Last payment
$0.42 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 $0.42. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.42

$10,000 in QGRD 1 year ago paid $151 in dividends.

QGRD Risk

Risk pillarB56 out of 100Rank 11 of 31 in Nasdaq-100 Option Income
How much the fund’s monthly returns vary, scaled to a year.
16.2%
Annualised · 15 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.
0.47
vs 3-month T-bills · 15 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.
−11.0%
15 months · trough Nov 2026
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.
0.94
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.

QGRD Cost

Compare QGRD and EDGQ

Overpaying vs EDGQ, cheapest in Nasdaq-100 Option Income

$16,199

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

  • QGRD 0.85%

    $16,199

  • EDGQ 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • QGRD 0.85%
  • EDGQ 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530QGRD $16,199EDGQ $0

Year by year

YearQGRDEDGQOverpaying
10$1,508$0$1,508
20$5,706$0$5,706
30$16,199$0$16,199

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