DRES vs. SMOX

Last updated Aug 6, 2026

DRES (GMO Domestic Resilience ETF) and SMOX (Horizon Small/Mid Cap Core Equity ETF) are both Mid Cap Blend Equities funds. Both are actively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. DRES charges 0.50%/yr vs 0.75%/yr for SMOX.

Performance

DRES vs. SMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Domestic Resilience ETF (DRES) and Horizon Small/Mid Cap Core Equity ETF (SMOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRES achieves a 24.62% return, which is significantly higher than SMOX's 21.87% return.

DRES

• 1D: -0.77%
• 1M: 2.56%
• 6M: 9.52%
• YTD: 24.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SMOX

• 1D: -0.32%
• 1M: 1.12%
• 6M: 14.01%
• YTD: 21.87%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
DRES GMO Domestic Resilience ETF	$79.04K	$72.09K	$66.39K
SMOX Horizon Small/Mid Cap Core Equity ETF	$4.21M	$2.15M	$1.10M

DRES vs. SMOX - Yearly Performance Comparison

	2026 (YTD)	2025
DRES GMO Domestic Resilience ETF	24.62%	0.46%
SMOX Horizon Small/Mid Cap Core Equity ETF	21.87%	0.44%

Correlation

The correlation between DRES and SMOX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.79

Return for Risk

DRES vs. SMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Domestic Resilience ETF (DRES) and Horizon Small/Mid Cap Core Equity ETF (SMOX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DRES vs. SMOX - Drawdown Comparison

The maximum DRES drawdown since its inception was -10.41%, which is greater than SMOX's maximum drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for DRES and SMOX.

Drawdown Indicators

	DRES	SMOX	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-7.76%	-2.65%
Current Drawdown Current decline from peak	-0.77%	-0.32%	-0.45%
Average Drawdown Average peak-to-trough decline	-2.12%	-1.39%	-0.73%

Volatility

Volatility by Period

	DRES	SMOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.12%	15.00%	+3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	15.00%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	15.00%	+3.12%

DRES vs. SMOX - Expense Ratio Comparison

DRES has a 0.50% expense ratio, which is lower than SMOX's 0.75% expense ratio.

Dividends

DRES vs. SMOX - Dividend Comparison

DRES's dividend yield for the trailing twelve months is around 0.51%, more than SMOX's 0.07% yield.

Position	TTM	2025
DRES GMO Domestic Resilience ETF	0.51%	0.22%
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%

Frequently Asked Questions

Can I hold both DRES and SMOX in my portfolio?

DRES and SMOX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRES or SMOX?

On fees, DRES is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRES or SMOX?

DRES is cheaper with a 0.50% expense ratio, compared with 0.75% for SMOX.

Which ETF pays a higher dividend yield, DRES or SMOX?

DRES has the higher dividend yield at 0.51%, compared with 0.07% for SMOX.

What is the main difference between DRES and SMOX?

They also come from different issuers: GMO and Horizon. Their fees differ too: 0.50% for DRES and 0.75% for SMOX.