SMOX vs. IJH

Last updated Jul 17, 2026

SMOX (Horizon Small/Mid Cap Core Equity ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both Mid Cap Blend Equities funds. SMOX is actively managed, while IJH is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. SMOX charges 0.75%/yr vs 0.05%/yr for IJH.

Performance

SMOX vs. IJH - Performance Comparison

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

Returns By Period

In the year-to-date period, SMOX achieves a 20.19% return, which is significantly higher than IJH's 15.69% return.

SMOX

• 1D: 0.30%
• 1M: 0.63%
• 6M: 12.95%
• YTD: 20.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IJH

• 1D: 0.48%
• 1M: 0.08%
• 6M: 8.71%
• YTD: 15.69%
• 1Y: 22.57%
• 3Y*: 13.82%
• 5Y*: 9.36%
• 10Y*: 11.08%

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

SMOX vs. IJH - Yearly Performance Comparison

	2026 (YTD)	2025
SMOX Horizon Small/Mid Cap Core Equity ETF	20.19%	0.44%
IJH iShares Core S&P Mid-Cap ETF	15.69%	0.91%

Correlation

The correlation between SMOX and IJH is 0.94, 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 Dec 3, 2025	0.94

SMOX vs. IJH - Sectors Allocation Comparison

Sectors	SMOX	IJH
Industrials	21.3%	25.1%
Financial Services	13.1%	13.5%
Technology	12.0%	16.4%
Healthcare	8.8%	8.9%
Consumer Cyclical	8.6%	9.6%
Real Estate	6.8%	7.2%
Energy	5.9%	5.2%
Consumer Defensive	4.2%	4.0%
Basic Materials	3.4%	5.6%
Communication Services	2.0%	1.5%
Utilities	1.0%	2.8%

Return for Risk

SMOX vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMOX

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

IJH

IJH Risk / Return Rank: 57
IJH Sharpe Ratio Rank: 51
IJH Sortino Ratio Rank: 54
IJH Omega Ratio Rank: 49
IJH Calmar Ratio Rank: 64
IJH Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMOX vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Small/Mid Cap Core Equity ETF (SMOX) and iShares Core S&P Mid-Cap ETF (IJH). 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.

	SMOX	IJH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.44	—
Sortino ratio: Return per unit of downside risk	—	2.14	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.57	—
Martin ratio: Return relative to average drawdown	—	9.30	—

Drawdowns

SMOX vs. IJH - Drawdown Comparison

The maximum SMOX drawdown since its inception was -7.76%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for SMOX and IJH.

Drawdown Indicators

	SMOX	IJH	Difference
Max Drawdown Largest peak-to-trough decline	-7.76%	-55.07%	+47.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.18%	—
Current Drawdown Current decline from peak	-1.47%	-1.45%	-0.02%
Average Drawdown Average peak-to-trough decline	-1.38%	-7.54%	+6.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.43%	—

Volatility

Volatility by Period

	SMOX	IJH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	15.76%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	19.72%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	21.12%	-5.96%

SMOX vs. IJH - Expense Ratio Comparison

SMOX has a 0.75% expense ratio, which is higher than IJH's 0.05% expense ratio.

Dividends

SMOX vs. IJH - Dividend Comparison

SMOX's dividend yield for the trailing twelve months is around 0.07%, less than IJH's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJH iShares Core S&P Mid-Cap ETF	1.17%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMOX and IJH in my portfolio?

With a correlation of 0.94, SMOX and IJH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SMOX or IJH?

On fees, IJH is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMOX or IJH?

IJH is cheaper with a 0.05% expense ratio, compared with 0.75% for SMOX.

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

IJH has the higher dividend yield at 1.17%, compared with 0.07% for SMOX.

What is the main difference between SMOX and IJH?

They also come from different issuers: Horizon and iShares. Their fees differ too: 0.75% for SMOX and 0.05% for IJH.