- ISIN
- US44053A4812
- CUSIP
- 44053A481
- Issuer
- Horizon
- Inception Date
- Dec 2, 2025
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $58M
Share Price Chart
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Performance
SMOX Performance Chart
Horizon Small/Mid Cap Core Equity ETF (SMOX) is up 20.3% since the beginning of the year. SMOX is currently trading at $30 per share.
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Returns By Period
Horizon Small/Mid Cap Core Equity ETF
- 1D
- 0.77%
- 1M
- 3.95%
- YTD
- 20.29%
- 6M
- 17.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SMOX Monthly Returns History
Based on dividend-adjusted daily data since Dec 3, 2025, SMOX's average daily return is +0.14%, while the average monthly return is +2.81%. At this rate, an investment would double in approximately 2.1 years.
Historically, 86% of months were positive and 14% were negative. The best month was Apr 2026 with a return of +8.7%, while the worst month was Mar 2026 at -4.2%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, SMOX closed higher 58% of trading days. The best single day was Apr 8, 2026 with a return of +3.0%, while the worst single day was Mar 20, 2026 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.77% | 4.40% | -4.16% | 8.71% | 0.66% | 3.88% | 20.29% | ||||||
| 2025 | 0.44% | 0.44% |
Benchmark Metrics
Horizon Small/Mid Cap Core Equity ETF has an annualized alpha of 22.18%, beta of 0.91, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 03, 2025.
- This ETF captured 88.93% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -64.31%) - a profile typical of hedging or uncorrelated assets.
- This ETF generated an annualized alpha of 22.18% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.91 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 22.18%
- Beta
- 0.91
- R²
- 0.64
- Upside Capture
- 88.93%
- Downside Capture
- -64.31%
Expense Ratio
SMOX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Horizon Small/Mid Cap Core Equity ETF (SMOX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMOX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Horizon Small/Mid Cap Core Equity ETF provided a 0.07% dividend yield over the last twelve months, with an annual payout of $0.02 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.02 | $0.02 |
Dividend yield | 0.07% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Horizon Small/Mid Cap Core Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Horizon Small/Mid Cap Core Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Horizon Small/Mid Cap Core Equity ETF was 7.76%, occurring on Mar 20, 2026. Recovery took 12 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -7.76%Mar 2026 | 17d | 19d | 1mo 6dMar 2026 - Apr 2026 |
2026 pullback2026 | -3.45%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
2025 pullback2025 | -2.53%Dec 2025 | 5d | 19d | 24dDec 2025 - Jan 2026 |
2026 pullback2026 | -1.72%Jun 2026 | 0s | 6d | 6dJun 2026 - Jun 2026 |
2026 pullback2026 | -1.61%Jan 2026 | 8d | 7d | 15dJan 2026 - Feb 2026 |
Drawdown Indicators
| SMOX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.76% | -56.78% | +49.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -10.71% | +9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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