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An ETF for every investor.

HBNK

Horizons Equal Weight Banks Index ETF

Price
$20.86
$-0.10
-0.48%
NAV
$20.9449
$0.0880
0.42%

Benchmark

Sector Equity

Fact Sheet
Learn more about HBNK

SPAY

Horizons Short-Term U.S. Treasury Premium Yield ETF

Price
$27.04
$0.10
0.37%
NAV
$27.0305
$0.0888
0.33%

Active

Fixed Income

Fact Sheet
Learn more about SPAY

CASH

Horizons High Interest Savings ETF

Price
$50.17
$0.01
0.01%
NAV
$50.1421
$0.0066
0.01%

Benchmark

Fixed Income

Fact Sheet
Learn more about CASH
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For any passive ETF that seeks to replicate the returns of an index or commodity benchmark, the success of the investment strategy is usually measured by how closely the ETF replicates the returns of that index or commodity benchmark. Any deviation from the return of the ETF versus the return of that index or commodity benchmark is generally considered tracking error.

Tracking error can be caused by a variety of factors including management fees, trading execution costs and taxes.

More commonly known as an index-tracking or passive ETF, it is an ETF that provides one times (1x) the exposure to the underlying index or commodity. As opposed to leveraged ETFs which can provide 2x the daily exposure, or active ETFs that aim to beat a benchmark.

Horizons ETFs offers many types of single or benchmark ETFs such as single equity, single currency, and single commodity ETFs.