STOX vs. CPTL

Last updated Jul 29, 2026

STOX (Horizon Core Equity ETF) and CPTL (Global X Morningstar Capital Allocation Leaders ETF) are both Large Cap Blend Equities funds. STOX is actively managed, while CPTL is passively managed. Their correlation of 0.90 means they have usually moved in the same direction. STOX charges 0.70%/yr vs 0.35%/yr for CPTL.

Performance

STOX vs. CPTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Equity ETF (STOX) and Global X Morningstar Capital Allocation Leaders ETF (CPTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

STOX

• 1D: 0.43%
• 1M: 1.84%
• 6M: 6.61%
• YTD: 9.05%
• 1Y: 18.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.18%

CPTL

• 1D: 0.25%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CPTL Global X Morningstar Capital Allocation Leaders ETF	$267.65K	$267.65K	$267.65K
STOX Horizon Core Equity ETF	$905.82K	$921.25K	$857.62K

STOX vs. CPTL - Yearly Performance Comparison

	2026 (YTD)
STOX Horizon Core Equity ETF	-0.74%
CPTL Global X Morningstar Capital Allocation Leaders ETF	-1.05%

Correlation

The correlation between STOX and CPTL is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 22, 2026	0.90

Return for Risk

STOX vs. CPTL — Risk / Return Rank

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

STOX

STOX Risk / Return Rank: 62
STOX Sharpe Ratio Rank: 62
STOX Sortino Ratio Rank: 61
STOX Omega Ratio Rank: 61
STOX Calmar Ratio Rank: 56
STOX Martin Ratio Rank: 72

CPTL

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

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.

STOX vs. CPTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) and Global X Morningstar Capital Allocation Leaders ETF (CPTL). 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.

	STOX	CPTL	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.05	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.98	—	—
Martin ratio: Return relative to average drawdown	8.90	—	—

Drawdowns

STOX vs. CPTL - Drawdown Comparison

The maximum STOX drawdown since its inception was -9.33%, which is greater than CPTL's maximum drawdown of -1.45%. Use the drawdown chart below to compare losses from any high point for STOX and CPTL.

Drawdown Indicators

	STOX	CPTL	Difference
Max Drawdown Largest peak-to-trough decline	-9.33%	-1.45%	-7.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.33%	—	—
Current Drawdown Current decline from peak	-1.52%	-1.05%	-0.47%
Average Drawdown Average peak-to-trough decline	-1.20%	-1.06%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	—	—

Volatility

Volatility by Period

	STOX	CPTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	9.37%	+3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.57%	9.37%	+3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	9.37%	+3.20%

STOX vs. CPTL - Expense Ratio Comparison

STOX has a 0.70% expense ratio, which is higher than CPTL's 0.35% expense ratio.

Dividends

STOX vs. CPTL - Dividend Comparison

STOX's dividend yield for the trailing twelve months is around 0.17%, while CPTL has not paid dividends to shareholders.

Position	TTM	2025
CPTL Global X Morningstar Capital Allocation Leaders ETF	0.00%	0.00%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both STOX and CPTL in my portfolio?

With a correlation of 0.90, STOX and CPTL 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, STOX or CPTL?

On fees, CPTL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STOX or CPTL?

CPTL is cheaper with a 0.35% expense ratio, compared with 0.70% for STOX.

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

STOX has the higher dividend yield at 0.17%, compared with 0.00% for CPTL.

What is the main difference between STOX and CPTL?

They also come from different issuers: Horizon and Global X. Their fees differ too: 0.70% for STOX and 0.35% for CPTL.