SMOX vs. GRNJ

Last updated Jun 3, 2026

SMOX (Horizon Small/Mid Cap Core Equity ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

SMOX vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Small/Mid Cap Core Equity ETF (SMOX) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMOX achieves a 17.05% return, which is significantly lower than GRNJ's 27.59% return.

SMOX

• 1D: 1.19%
• 1M: 1.76%
• YTD: 17.05%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GRNJ

• 1D: 1.40%
• 1M: 10.32%
• YTD: 27.59%
• 6M: 27.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMOX vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
SMOX Horizon Small/Mid Cap Core Equity ETF	17.05%	0.44%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	27.59%	-0.85%

Correlation

The correlation between SMOX and GRNJ is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.79

Return for Risk

SMOX vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Small/Mid Cap Core Equity ETF (SMOX) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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

	SMOX	GRNJ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.53	2.49	+0.03

Drawdowns

SMOX vs. GRNJ - Drawdown Comparison

The maximum SMOX drawdown since its inception was -7.76%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for SMOX and GRNJ.

Drawdown Indicators

	SMOX	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-7.76%	-17.32%	+9.56%
Current Drawdown Current decline from peak	-0.09%	0.00%	-0.09%
Average Drawdown Average peak-to-trough decline	-1.50%	-4.15%	+2.65%

Volatility

Volatility by Period

	SMOX	GRNJ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.61%	29.98%	-14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	29.98%	-14.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.61%	29.98%	-14.37%

SMOX vs. GRNJ - Expense Ratio Comparison

Both SMOX and GRNJ have an expense ratio of 0.75%.

Dividends

SMOX vs. GRNJ - Dividend Comparison

SMOX's dividend yield for the trailing twelve months is around 0.07%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%

Frequently Asked Questions

Can I hold both SMOX and GRNJ in my portfolio?

SMOX and GRNJ 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, SMOX or GRNJ?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMOX or GRNJ?

SMOX and GRNJ have the same expense ratio: 0.75% per year.

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

SMOX has the higher dividend yield at 0.07%, compared with 0.00% for GRNJ.

What is the main difference between SMOX and GRNJ?

They also come from different issuers: Horizon and Fundstrat.