FLXN vs. STOX

Last updated Jun 5, 2026

FLXN (Horizon Flexible Income ETF) and STOX (Horizon Core Equity ETF) are both exchange-traded funds - FLXN is a High Yield Bonds fund actively managed by Horizon, while STOX is a Large Cap Blend Equities fund managed by Horizon. Their correlation of 0.81 suggests significant overlap in exposure. FLXN charges 0.82%/yr vs 0.70%/yr for STOX.

Performance

FLXN vs. STOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Flexible Income ETF (FLXN) 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, FLXN achieves a 2.50% return, which is significantly lower than STOX's 10.08% return.

FLXN

• 1D: 0.20%
• 1M: 0.60%
• YTD: 2.50%
• 6M: 2.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STOX

• 1D: 0.07%
• 1M: 4.32%
• YTD: 10.08%
• 6M: 10.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLXN vs. STOX - Yearly Performance Comparison

	2026 (YTD)	2025
FLXN Horizon Flexible Income ETF	2.50%	4.71%
STOX Horizon Core Equity ETF	10.08%	10.49%

Correlation

The correlation between FLXN and STOX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.81

Return for Risk

FLXN vs. STOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Flexible Income ETF (FLXN) 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.

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

Sharpe Ratios by Period

	FLXN	STOX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	2.08	-0.49

Drawdowns

FLXN vs. STOX - Drawdown Comparison

The maximum FLXN drawdown since its inception was -3.39%, smaller than the maximum STOX drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for FLXN and STOX.

Drawdown Indicators

	FLXN	STOX	Difference
Max Drawdown Largest peak-to-trough decline	-3.39%	-9.33%	+5.94%
Current Drawdown Current decline from peak	-0.14%	-0.12%	-0.02%
Average Drawdown Average peak-to-trough decline	-0.38%	-1.16%	+0.78%

Volatility

Volatility by Period

	FLXN	STOX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	12.37%	-7.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.04%	12.37%	-7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	12.37%	-7.33%

FLXN vs. STOX - Expense Ratio Comparison

FLXN has a 0.82% expense ratio, which is higher than STOX's 0.70% expense ratio.

Dividends

FLXN vs. STOX - Dividend Comparison

FLXN's dividend yield for the trailing twelve months is around 7.49%, more than STOX's 0.17% yield.

Position	TTM	2025
FLXN Horizon Flexible Income ETF	7.49%	3.49%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both FLXN and STOX in my portfolio?

FLXN and STOX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXN or STOX?

On fees, STOX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXN or STOX?

STOX is cheaper with a 0.70% expense ratio, compared with 0.82% for FLXN.

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

FLXN has the higher dividend yield at 7.49%, compared with 0.17% for STOX.

What is the main difference between FLXN and STOX?

FLXN is categorized as High Yield Bonds, while STOX is Large Cap Blend Equities. Their fees differ too: 0.82% for FLXN and 0.70% for STOX.