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Upturn AI Summary
Horizon Nasdaq-100 Defined Risk ETF(QGRD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for QGRD
10/28/2026: QGRD (2-star) is currently NOT-A-BUY. Pass it for now.
QGRD is an actively managed ETF that provides exposure to the Nasdaq-100 index while implementing a systematic 'collar' strategy using options to mitigate downside risk. By holding underlying tech stocks and utilizing put and call options, it offers a hybrid profile that caps both extreme losses and outsized gains. Its main strengths include professional, rules-based risk management and reduced volatility, though it carries higher expenses and potential underperformance during sharp rallies compared to passive alternatives like QQQ. It is best suited for long-term investors who prioritize capital preservation and volatility management over pure growth capture. Investors should monitor the fund’s expense ratio and the efficiency of its options overlay relative to market conditions.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The upside caps inherent in the collar strategy limit the aggressive growth potential expected by pure growth investors. |
| Momentum investor | Weak fit | The risk-mitigation strategy may dampen the impact of rapid upward momentum shifts. |
| Value investor | Mixed fit | While it seeks to preserve capital, the underlying Nasdaq-100 components are typically growth-oriented and often carry higher valuations. |
| Dividend/Income investor | Mixed fit | The strategy is focused on risk management rather than high yield, though options premiums may generate some income. |
| Low-risk investor | Strong fit while signal remains positive | The hedged structure is specifically designed to appeal to investors who want market exposure but with a 'cushion' against significant losses. |
Investor Profile
Ideal Investor Profile
The ideal investor is one who believes in the long-term potential of the Nasdaq-100 but requires a structured mechanism to limit drawdowns during market corrections.
Suitability
QGRD is best suited for long-term investors seeking a 'sleep-well-at-night' version of a technology index fund rather than for active traders or those seeking maximum market capture.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium | The options overlay reduces the impact of extreme volatility, though the underlying index remains inherently volatile. |
| Market risk | Medium / high | Despite hedges, the fund remains significantly exposed to the systemic performance of the Nasdaq-100 index. |
| Concentration | High | The portfolio is concentrated in the top technology and growth holdings of the Nasdaq-100. |
| Tracking/expense | Medium | Active management and options costs lead to higher expenses and potential tracking differences from the pure index. |
| Liquidity | Medium / high | Lower trading volumes may result in higher trading costs for retail investors during market stress. |
| Business/sector quality | Medium | The fund's health is tied to the long-term viability and growth of the technology sector. |
Risk Analysis
Volatility
QGRD historically exhibits lower realized volatility than the unhedged Nasdaq-100 due to its options collar.
Market Risk
The primary risk is the sustained underperformance of the Nasdaq-100 components, coupled with the opportunity cost of the hedge.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Stock | Nasdaq-100 Index Components | 90 | This provides core exposure to the large-cap growth companies that drive Nasdaq-100 performance. |
| Derivatives | Nasdaq-100 Options (Put/Call Collar) | 8 | These options are used to hedge against significant market declines while capping upside potential. |
| Cash/collateral | Cash and Cash Equivalents | 2 | Cash balances are maintained for liquidity and to support the margin requirements of the options strategy. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 2.25% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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