Horizon Nasdaq-100 Defined Risk ETF
$30.15−0.06 (−0.19%)
- 0.85%
- $175M
- +16.4%
- 0M sh
- $30.36
- low $23.83high $30.84
The ETF.net QGRD Grade
D
Score 36 out of 100
- 25 of 31
Score 36 of 100 falls in the D 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.D30 out of 100Rank 22 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 15 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 22 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 28 of 31
Our read on QGRD
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.
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 Holdings
- Stocks
- 8
- 100%
- Qqq 12/10/2026 35 C
QGRD Performance
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$11,642
Returns run to the Oct 12, 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.
| Period | QGRD |
|---|---|
| Year to date | +13.4% |
| 1 month | +3.1% |
| 3 months | +0.7% |
| 1 year | +16.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QGRD |
|---|---|---|
| 2026 YTD | +13.4% | |
| 2025 | +8.3% |
QGRD in the news
QGRD Dividends
- $0.42 per share
- Irregular
Distribution data unavailable.
Distribution history
QGRD Risk
- 15.5%
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.
- 0.86
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.
- −9.4%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QGRD Cost
0.85%
QGRD0.85%
- The middle half of Nasdaq-100 Option Income funds
- Median 0.71%
20 of the 30 Nasdaq-100 Option Income funds charge less.
Other funds in Nasdaq-100 Option Income
- DQQQTNASDAQ 100 Income Target ETFExpense ratio 1.20%1 year return +23.6%
- DQDTYYieldMax Nasdaq 100 0DTE Covered Call Strategy ETFExpense ratio 1.17%1 year return +24.9%
- DQLDYDefiance Nasdaq 100 LightningSpread Income ETFExpense ratio 1.04%1 year return +22.4%
- DFDNDFirst Trust Exchange-Traded Fund IV - FT Vest Dow Jones Internet & Target Income ETFExpense ratio 0.75%1 year return +6.3%
- DKIQQKraneshares Trust - Kraneshares Insperex Nasdaq Dynamic Buffered High Income Index ETFExpense ratio 0.79%1 year return —