DIVN vs. STOX

Last updated Aug 1, 2026

DIVN (Horizon Dividend Income ETF) and STOX (Horizon Core Equity ETF) are both exchange-traded funds - DIVN is a Large Cap Value Equities fund actively managed by Horizon, while STOX is a Large Cap Blend Equities fund actively managed by Horizon. Both are actively managed. Over the past year, DIVN returned 22.54% vs 21.96% for STOX. Their 0.36 correlation means their historical movements had little consistent relationship. Both charge a 0.70% expense ratio.

Performance

DIVN vs. STOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Dividend Income ETF (DIVN) and Horizon Core Equity ETF (STOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVN achieves a 14.80% return, which is significantly higher than STOX's 10.15% return.

DIVN

• 1D: 0.20%
• 1M: 1.14%
• 6M: 8.07%
• YTD: 14.80%
• 1Y: 22.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.81%

STOX

• 1D: 0.78%
• 1M: 1.08%
• 6M: 8.32%
• YTD: 10.15%
• 1Y: 21.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVN Horizon Dividend Income ETF	$10.90M	$5.41M	$2.61M
STOX Horizon Core Equity ETF	$5.27M	$2.95M	$1.55M

DIVN vs. STOX - Yearly Performance Comparison

	2026 (YTD)	2025
DIVN Horizon Dividend Income ETF	14.80%	8.11%
STOX Horizon Core Equity ETF	10.15%	13.00%

Correlation

The correlation between DIVN and STOX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.36

Return for Risk

DIVN vs. STOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVN

DIVN Risk / Return Rank: 88
DIVN Sharpe Ratio Rank: 89
DIVN Sortino Ratio Rank: 92
DIVN Omega Ratio Rank: 87
DIVN Calmar Ratio Rank: 91
DIVN Martin Ratio Rank: 84

STOX

STOX Risk / Return Rank: 65
STOX Sharpe Ratio Rank: 64
STOX Sortino Ratio Rank: 63
STOX Omega Ratio Rank: 62
STOX Calmar Ratio Rank: 59
STOX Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVN vs. STOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) and Horizon Core Equity ETF (STOX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	DIVN	STOX	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.50	+0.69
Sortino ratio: Return per unit of downside risk	3.36	2.13	+1.23
Omega ratio: Gain probability vs. loss probability	1.39	1.27	+0.12
Calmar ratio: Return relative to maximum drawdown	4.08	2.12	+1.97
Martin ratio: Return relative to average drawdown	11.49	9.45	+2.04

DIVN vs. STOX - Sharpe Ratio Comparison

The current DIVN Sharpe Ratio is 2.19, which is higher than the STOX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of DIVN and STOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVN vs. STOX - Drawdown Comparison

The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum STOX drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for DIVN and STOX.

Drawdown Indicators

	DIVN	STOX	Difference
Max Drawdown Largest peak-to-trough decline	-5.55%	-9.33%	+3.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-9.33%	+3.78%
Current Drawdown Current decline from peak	-1.39%	-0.52%	-0.87%
Average Drawdown Average peak-to-trough decline	-1.35%	-1.20%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.09%	-0.12%

Volatility

DIVN vs. STOX - Volatility Comparison

The current volatility for Horizon Dividend Income ETF (DIVN) is 3.15%, while Horizon Core Equity ETF (STOX) has a volatility of 3.76%. This indicates that DIVN experiences smaller price fluctuations and is considered to be less risky than STOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVN	STOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.76%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	10.17%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	13.15%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.53%	12.78%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.53%	12.78%	-2.25%

DIVN vs. STOX - Expense Ratio Comparison

Both DIVN and STOX have an expense ratio of 0.70%.

Dividends

DIVN vs. STOX - Dividend Comparison

DIVN's dividend yield for the trailing twelve months is around 3.70%, more than STOX's 0.17% yield.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.70%	1.47%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both DIVN and STOX in my portfolio?

DIVN and STOX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVN or STOX?

STOX has higher volatility (3.76%) compared to DIVN (3.15%). In terms of maximum drawdown, DIVN dropped -5.55% vs STOX's -9.33%.

Which ETF is better, DIVN or STOX?

On 1-year performance, DIVN leads with 22.54% vs 21.96% for STOX. Both ETFs have the same 0.70% expense ratio. On volatility, DIVN has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVN or STOX?

Over the 1-year period, DIVN has performed better with a 22.54% return vs 21.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVN or STOX?

DIVN and STOX have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, DIVN or STOX?

DIVN has the higher dividend yield at 3.70%, compared with 0.17% for STOX.

What is the main difference between DIVN and STOX?

DIVN is categorized as Large Cap Value Equities, while STOX is Large Cap Blend Equities.

Which has better risk-adjusted returns?

DIVN currently has the higher Sharpe Ratio (2.19 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.