Horizon KineticsHealthMEDX · Nasdaq

Horizon Kinetics Medical ETF (MEDX)

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Price: $37.88; —12 Nov 2026
Assets: $18M; Total net assets
Expense ratio: 0.85%; Category 1.00%
Yield: 1.07%; Trailing distributions

1Y return: 17.0%-6.9%; Category 23.8%
3Y CAGR: 14.3%-5.9%; Category 20.2%
5Y CAGR: —; Category 3.9%

$37.88—12 Nov 2026

Fund

Assets: $18M
Expense: 0.85%
Categ. exp: 1.00%
Yield: 1.07%

ReturnFundCateg.

1Y17.0%23.8%

3Y14.3%20.2%

5Y—3.9%

Launch7.7%—

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Horizon Kinetics Medical ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+9.4%	+5.3%	+14.3%	+14.1%	+17.0%	+14.3%	—	—	+7.7%
Health average	6.4%	4.0%	21.1%	20.0%	23.8%	20.2%	3.9%	10.1%	11.2%
Difference	+3.0%	+1.4%	-6.7%	-5.9%	-6.9%	-5.9%	—	—	-3.5%

Holdings

The 10 largest positions make up 67.1% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
LLY	Eli Lilly and Co	18.58%
ABBV	AbbVie Inc	9.60%
NVS	Novartis AG ADR	6.54%
JNJ	Johnson & Johnson	6.08%
AMGN	Amgen Inc	4.75%
MRK	Merck & Co Inc	4.67%
BMY	Bristol-Myers Squibb Co	4.51%
ALKS	Alkermes PLC	4.46%
AZN.L	AstraZeneca PLC	4.43%
PFE	Pfizer Inc	3.53%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 30.9
P/B: 5.2
P/S: 5.3
P/CF: 19.1

Sector allocation

Share of the equity the fund holds.

Health care100.0%

Asset mix

Stocks91.6%
Cash8.3%
Other0.1%

ETF details

Issuer: Horizon Kinetics
Category: Equity · Health
Ticker: MEDX
Exchange: Nasdaq
Inception: 30 Sept 1999 (27.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.85% (category 1.00%)
Holdings turnover: 0% (category 51%)
Distribution yield: 1.07%
Beta, 3 years: 0.44
Total net assets: $18M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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