SMOX vs. SIXL

Last updated Jun 4, 2026

SMOX (Horizon Small/Mid Cap Core Equity ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. SMOX charges 0.75%/yr vs 0.47%/yr for SIXL.

Performance

SMOX vs. SIXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Small/Mid Cap Core Equity ETF (SMOX) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMOX achieves a 17.11% return, which is significantly higher than SIXL's 3.41% return.

SMOX

• 1D: 0.05%
• 1M: 2.23%
• YTD: 17.11%
• 6M: 17.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXL

• 1D: -0.16%
• 1M: -2.82%
• YTD: 3.41%
• 6M: 2.41%
• 1Y: 3.64%
• 3Y*: 7.60%
• 5Y*: 3.45%
• 10Y*: —

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

SMOX vs. SIXL - Yearly Performance Comparison

	2026 (YTD)	2025
SMOX Horizon Small/Mid Cap Core Equity ETF	17.11%	0.44%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	3.41%	-0.97%

Correlation

The correlation between SMOX and SIXL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.48

SMOX vs. SIXL - Sectors Allocation Comparison

Sectors	SMOX	SIXL
Industrials	22.1%	6.4%
Financial Services	15.3%	15.2%
Technology	14.4%	2.4%
Consumer Cyclical	11.4%	6.8%
Healthcare	8.8%	14.5%
Energy	8.0%	2.1%
Real Estate	7.6%	13.6%
Consumer Defensive	4.9%	17.0%
Basic Materials	4.0%	2.2%
Utilities	1.9%	17.3%
Communication Services	1.6%	2.6%

Return for Risk

SMOX vs. SIXL — Risk / Return Rank

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

SIXL

SIXL Risk / Return Rank: 15
SIXL Sharpe Ratio Rank: 15
SIXL Sortino Ratio Rank: 14
SIXL Omega Ratio Rank: 14
SIXL Calmar Ratio Rank: 16
SIXL Martin Ratio Rank: 17

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. SIXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Small/Mid Cap Core Equity ETF (SMOX) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). 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	SIXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.52	0.63	+1.90

Drawdowns

SMOX vs. SIXL - Drawdown Comparison

The maximum SMOX drawdown since its inception was -7.76%, smaller than the maximum SIXL drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for SMOX and SIXL.

Drawdown Indicators

	SMOX	SIXL	Difference
Max Drawdown Largest peak-to-trough decline	-7.76%	-16.08%	+8.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.08%	—
Current Drawdown Current decline from peak	-0.04%	-6.04%	+6.00%
Average Drawdown Average peak-to-trough decline	-1.49%	-4.57%	+3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.31%	—

Volatility

Volatility by Period

	SMOX	SIXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	9.50%	+6.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	12.14%	+3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	12.55%	+3.00%

SMOX vs. SIXL - Expense Ratio Comparison

SMOX has a 0.75% expense ratio, which is higher than SIXL's 0.47% expense ratio.

Dividends

SMOX vs. SIXL - Dividend Comparison

SMOX's dividend yield for the trailing twelve months is around 0.07%, less than SIXL's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.31%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMOX and SIXL in my portfolio?

SMOX and SIXL have a correlation of 0.48, 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 SIXL?

On fees, SIXL is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMOX or SIXL?

SIXL is cheaper with a 0.47% expense ratio, compared with 0.75% for SMOX.

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

SIXL has the higher dividend yield at 2.31%, compared with 0.07% for SMOX.

What is the main difference between SMOX and SIXL?

They also come from different issuers: Horizon and Exchange Traded Concepts. Their fees differ too: 0.75% for SMOX and 0.47% for SIXL.