HRA:CA:TSX-Horizons Global Risk Parity ETF

ETF | Global Neutral Balanced | Toronto Stock Exchange

Last Closing Price

CAD 10.68


+0.19 (+1.81)%

Market Cap

CAD 0.04B



Yahoo Analyst Target


STA Analyst Target

Yahoo Analyst Rating


STA Analyst Rating


STA Verdict



The investment objective of Horizons HRA is to seek long term capital appreciation through the use of asset allocation. Horizons HRA will primarily use exchange traded products to gain exposure to a portfolio of global asset classes with a focus on the forecasted amount of risk that each investment contributes.

Inception Date: 20/07/2016

Primary Benchmark: NA

Primary Index: Morningstar CAN Bal Glbl 60/40 CAD

Gross Expense Ratio: NA%

Management Expense Ratio: 1.25 %

Unadjusted Closing Price

Adjusted Closing Price



Top Sectors


Top Regions


Share Volume

Relative Performance (Total Returns)

Relative Returns (From:    To: 2018-01-15 )

Largest Industry Peers for Global Neutral Balanced

Symbol Name Mer Price(Change) Market Cap
CBD:CA iShares Balanced Income CorePo.. 0.76 %

+0.01 (+0.04%)

CAD 0.06B
PIN:CA Purpose Monthly Income Fund 0.79 %


CAD 0.01B
XGR:CA iShares Growth Core Portfolio .. 0.64 %


CAD 0.01B
CBD.A:CA iShares Balanced Income CorePo.. 1.87 %


CAD 9.39M

ETFs Containing HRA:CA


Market Performance

  Market Performance vs.
Industry/Classification (Global Neutral Balanced)
Market Performance vs. Exchange (Toronto Stock Exchange)
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Capital Gain 3.09% 100% A+ 71% C-
Dividend Return N/A N/A N/A N/A N/A
Total Return 3.09% 100% A+ 71% C-
Trailing 12 Months  
Capital Gain 11.83% 100% A+ 66% D
Dividend Return N/A N/A N/A N/A N/A
Total Return 11.83% 100% A+ 59% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain 1.27% 50% F 47% F
Dividend Return 1.39% 50% F 27% F
Total Return 0.13% 25% F 2% F
Risk Return Profile  
Volatility (Standard Deviation) 2.97% 100% A+ 92% A-
Risk Adjusted Return 46.91% 50% F 52% F
Market Capitalization 9.54M 75% C 27% F

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.