Horizon Nasdaq-100 Defined Risk ETF
$30.05−0.06 (−0.20%)
- Expense ratio
- 0.85%
- Fund size
- $172M
- 1Y return
- +14.4%
- Yield · Last 12 months
- Data unavailable
- Volume · 30D
- 0M sh
- NAV per share
- $29.98
- 52W range
The ETF.net QGRD Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 30Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 40Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 34Category rank
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
- —
- 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.
Returns run to the Sep 22, 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 | +13.1% |
| 1 month | +3.0% |
| 3 months | −1.3% |
| 1 year | +14.4% |
| 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 | +13.1% | |
| 2025 | +8.3% |
QGRD in the news
ETF.net Research hasn’t filed on QGRD yet — coverage lands here as it’s written.
QGRD Dividends
- $0.42 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 24, 2025 | Dec 26, 2025 | $0.42 |
QGRD Risk
- 16.1%
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.
- 0.77
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
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
21 of the 31 Nasdaq-100 Option Income funds charge less.