FLXN vs. SMOX
FLXN (Horizon Flexible Income ETF) and SMOX (Horizon Small/Mid Cap Core Equity ETF) are both exchange-traded funds - FLXN is a High Yield Bonds fund actively managed by Horizon, while SMOX is a Mid Cap Blend Equities fund actively managed by Horizon. Both are actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. FLXN charges 0.82%/yr vs 0.75%/yr for SMOX.
Performance
FLXN vs. SMOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FLXN achieves a 2.74% return, which is significantly lower than SMOX's 20.26% return.
FLXN
- 1D
- 0.18%
- 1M
- 0.08%
- 6M
- 1.62%
- YTD
- 2.74%
- 1Y
- 7.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.08%
SMOX
- 1D
- 0.03%
- 1M
- -0.40%
- 6M
- 13.42%
- YTD
- 20.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $153.76K | $129.72K | $280.31K | |
| $489.01K | $493.61K | $435.66K |
FLXN vs. SMOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLXN Horizon Flexible Income ETF | 2.74% | 0.68% |
SMOX Horizon Small/Mid Cap Core Equity ETF | 20.26% | 0.44% |
Correlation
The correlation between FLXN and SMOX is 0.69, 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 | 0.69 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLXN vs. SMOX — Risk / Return Rank
FLXN
SMOX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLXN vs. SMOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) 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.
| FLXN | SMOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | — | — |
| Martin ratioReturn relative to average drawdown | 10.45 | — | — |
Loading charts...
Drawdowns
FLXN vs. SMOX - Drawdown Comparison
The maximum FLXN drawdown since its inception was -3.39%, smaller than the maximum SMOX drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for FLXN and SMOX.
Loading charts...
Drawdown Indicators
| FLXN | SMOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.39% | -7.76% | +4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -1.41% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -1.39% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
FLXN vs. SMOX - Volatility Comparison
Loading charts...
Volatility by Period
| FLXN | SMOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 14.92% | -9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.91% | 14.92% | -10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 14.92% | -10.01% |
FLXN vs. SMOX - Expense Ratio Comparison
FLXN has a 0.82% expense ratio, which is higher than SMOX's 0.75% expense ratio.
Dividends
FLXN vs. SMOX - Dividend Comparison
FLXN's dividend yield for the trailing twelve months is around 9.32%, more than SMOX's 0.07% yield.
| Position | TTM | 2025 |
|---|---|---|
FLXN Horizon Flexible Income ETF | 9.32% | 3.49% |
SMOX Horizon Small/Mid Cap Core Equity ETF | 0.07% | 0.08% |
Frequently Asked Questions
FLXN and SMOX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMOX is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMOX is cheaper with a 0.75% expense ratio, compared with 0.82% for FLXN.
FLXN has the higher dividend yield at 9.32%, compared with 0.07% for SMOX.
FLXN is categorized as High Yield Bonds, while SMOX is Mid Cap Blend Equities. Their fees differ too: 0.82% for FLXN and 0.75% for SMOX.
Find the right allocation for FLXN and SMOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer