SMOX vs. SFTY

Last updated Jun 5, 2026

SMOX (Horizon Small/Mid Cap Core Equity ETF) and SFTY (Horizon Managed Risk ETF) are both exchange-traded funds - SMOX is a Mid Cap Blend Equities fund actively managed by Horizon, while SFTY is a Tactical Allocation fund managed by Horizon. A 0.73 correlation means they provide meaningful diversification when combined. SMOX charges 0.75%/yr vs 0.77%/yr for SFTY.

Performance

SMOX vs. SFTY - Performance Comparison

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

Returns By Period

In the year-to-date period, SMOX achieves a 17.59% return, which is significantly higher than SFTY's 10.20% return.

SMOX

• 1D: 0.42%
• 1M: 1.48%
• YTD: 17.59%
• 6M: 17.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SFTY

• 1D: 0.32%
• 1M: 4.19%
• YTD: 10.20%
• 6M: 10.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMOX vs. SFTY - Yearly Performance Comparison

	2026 (YTD)	2025
SMOX Horizon Small/Mid Cap Core Equity ETF	17.59%	0.44%
SFTY Horizon Managed Risk ETF	10.20%	-0.03%

Correlation

The correlation between SMOX and SFTY is 0.73, 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	0.73

Return for Risk

SMOX vs. SFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Small/Mid Cap Core Equity ETF (SMOX) and Horizon Managed Risk ETF (SFTY). 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	SFTY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.58	2.15	+0.44

Drawdowns

SMOX vs. SFTY - Drawdown Comparison

The maximum SMOX drawdown since its inception was -7.76%, smaller than the maximum SFTY drawdown of -8.64%. Use the drawdown chart below to compare losses from any high point for SMOX and SFTY.

Drawdown Indicators

	SMOX	SFTY	Difference
Max Drawdown Largest peak-to-trough decline	-7.76%	-8.64%	+0.88%
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.47%	-1.09%	-0.38%

Volatility

Volatility by Period

	SMOX	SFTY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	11.62%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.49%	11.62%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	11.62%	+3.87%

SMOX vs. SFTY - Expense Ratio Comparison

SMOX has a 0.75% expense ratio, which is lower than SFTY's 0.77% expense ratio.

Dividends

SMOX vs. SFTY - Dividend Comparison

SMOX's dividend yield for the trailing twelve months is around 0.07%, less than SFTY's 0.17% yield.

Position	TTM	2025
SFTY Horizon Managed Risk ETF	0.17%	0.19%
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%

Frequently Asked Questions

Can I hold both SMOX and SFTY in my portfolio?

SMOX and SFTY have a correlation of 0.73, 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 SFTY?

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.

Which ETF is cheaper, SMOX or SFTY?

SMOX is cheaper with a 0.75% expense ratio, compared with 0.77% for SFTY.

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

SFTY has the higher dividend yield at 0.17%, compared with 0.07% for SMOX.

What is the main difference between SMOX and SFTY?

SMOX is categorized as Mid Cap Blend Equities, while SFTY is Tactical Allocation. Their fees differ too: 0.75% for SMOX and 0.77% for SFTY.