Horizon Kinetics ETFs: record by period

Record

6 funds with a full year

Horizon Kinetics’ 1-Year Record

5 of 6 Made Money1 lostHorizon Kinetics typical +16.1% · All ETFs +6.9%

Made money · 5

More than 30%0

20–30%2BestNVIR+26.8%

10–20%2

5–10%0

0–5%1

Lost money · 1

0–5%0

5–10%1WorstJAPN−5.7%

More than 10%0

Horizon Kinetics ETFs · past-year returns · 6 funds with a full year · as of Nov 4, 2026

Horizon Kinetics’ Returns by Bucket

BucketYTD1YMoney made

Unsorted4 funds · $1.5B+13.2%+16.0%$213M

Sectors2 funds · $22.8M+16.0%+23.5%$4.3M

International1 fund · $24.9M0.0%−5.7%−$1.5M

Horizon Kinetics ETFs by bucket · asset-weighted returns · money made is an estimate: AUM × return · Nov 4, 2026

Horizon Kinetics’ Returns by Sector

$3.3Mmade by MEDX, Medical,
the most of Horizon Kinetics’ 2 sector ETFs

SectorYTD1YMoney made

MEDXMedical+13.9%+22.6%$3.3M

NVIREnergy Remediation+23.1%+26.8%$1.1M

Horizon Kinetics sector ETFs · estimate: AUM × return · as of Nov 4, 2026

Horizon Kinetics’ Best ETFs

YTD

+23.1%NVIR, Energy Remediation, led Horizon Kinetics

1NVIREnergy Remediation+23.1%

2MEDXMedical+13.9%

3INFLInflation Beneficiaries+13.3%

4BCDFBlockchain Development+11.7%

5SPAQSPAC Active+1.9%

Horizon Kinetics ETFs · year-to-date returns · as of Nov 4, 2026

Horizon Kinetics’ Worst ETFs

YTD

0.0%JAPN, Listed Funds Trust - Horizon Kinetics Japan Owner Operator

1JAPNListed Funds Trust - Horizon Kinetics Japan Owner Operator0.0%

Horizon Kinetics ETFs · year-to-date returns · as of Nov 4, 2026

Horizon Kinetics’ ETF Returns

YTD

5–1up · down this year
of 6 funds that traded Jan 1

Funds per 5-point band of YTD return (%). 1 is a 2026 launch.

Typical+12.5%

BestNVIR +23.1%

WorstJAPN 0.0%

Horizon Kinetics ETFs · year-to-date returns · as of Nov 4, 2026

Top 6 Horizon Kinetics ETFs

NVIR+26.8%

MEDX+22.6%

INFL+16.1%

BCDF+11.1%

SPAQ+1.3%

JAPN−5.7%

Best first · dashed line = Horizon Kinetics typical +16.1%

Horizon Kinetics ETFs · past-year returns · as of Nov 4, 2026

Horizon Kinetics’ Money Made

$215Mmade by the 6 largest · 100% of $215M

Horizon Kinetics ETFs · past-year money made · as of Nov 4, 2026 · estimate: AUM × return

Horizon Kinetics’ Best and Worst ETFs

Best 5 of 6

NVIREnergy Remediation+26.8%

MEDXMedical+22.6%

INFLInflation Beneficiaries+16.1%

BCDFBlockchain Development+11.1%

SPAQSPAC Active+1.3%

Worst 1 of 6

JAPNListed Funds Trust - Horizon Kinetics Japan Owner Operator−5.7%

End-of-day Nov 4, 2026 · funds with a full year

Horizon Kinetics’ Record by Bucket

Unsorted3 of 3

International0 of 1

Sectors2 of 2

Horizon Kinetics ETFs · past-year returns · as of Nov 4, 2026

Money Made by ETF Issuers

$1.47Tmade by all US ETFs · an estimate

#IssuerMade

1Vanguard$435B

2iShares$381B

3SPDR$208B

4Invesco$95.7B

5Schwab$83.8B

End-of-day Nov 4, 2026

Horizon Kinetics’ Losing ETFs

1fund lost money1 international fund

FundCategoryPast year1Y ▲Assets

JAPNListed Funds Trust - Horizon Kinetics Japan Owner OperatorInternational−5.7%$24.9M

Horizon Kinetics ETFs · past-year returns · as of Nov 4, 2026 · worst first

Horizon Kinetics’ Newest ETFs

1fund not in the record yet

First 1Y onFunds

Jan 21, 2027TEXX

A fund joins Win % and typical return once it has a full year of prices.

Horizon Kinetics ETFs · launched in the past year · as of Nov 4, 2026

HKHorizon Kinetics

Record

Horizon Kinetics