STOX vs. DIVN

Last updated Jun 20, 2026

STOX (Horizon Core Equity ETF) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - STOX is a Large Cap Blend Equities fund managed by Horizon, while DIVN is a Large Cap Value Equities fund managed by Horizon. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.70% expense ratio.

Performance

STOX vs. DIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Core Equity ETF (STOX) and Horizon Dividend Income ETF (DIVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STOX achieves a 9.22% return, which is significantly lower than DIVN's 11.72% return.

STOX

• 1D: 1.12%
• 1M: 1.04%
• YTD: 9.22%
• 6M: 9.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DIVN

• 1D: -0.24%
• 1M: 1.52%
• YTD: 11.72%
• 6M: 11.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

STOX vs. DIVN - Yearly Performance Comparison

	2026 (YTD)	2025
STOX Horizon Core Equity ETF	9.22%	13.00%
DIVN Horizon Dividend Income ETF	11.72%	8.11%

Correlation

The correlation between STOX and DIVN is 0.39, 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 Jun 26, 2025	0.39

Return for Risk

STOX vs. DIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) and Horizon Dividend Income ETF (DIVN). 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.

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

Drawdowns

STOX vs. DIVN - Drawdown Comparison

The maximum STOX drawdown since its inception was -9.33%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for STOX and DIVN.

Drawdown Indicators

	STOX	DIVN	Difference
Max Drawdown Largest peak-to-trough decline	-9.33%	-5.55%	-3.78%
Current Drawdown Current decline from peak	-0.89%	-2.03%	+1.14%
Average Drawdown Average peak-to-trough decline	-1.19%	-1.41%	+0.22%

Volatility

Volatility by Period

	STOX	DIVN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	10.58%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.80%	10.58%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.80%	10.58%	+2.22%

STOX vs. DIVN - Expense Ratio Comparison

Both STOX and DIVN have an expense ratio of 0.70%.

Dividends

STOX vs. DIVN - Dividend Comparison

STOX's dividend yield for the trailing twelve months is around 0.17%, less than DIVN's 3.13% yield.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.13%	1.47%
STOX Horizon Core Equity ETF	0.17%	0.19%

Frequently Asked Questions

Can I hold both STOX and DIVN in my portfolio?

STOX and DIVN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, STOX or DIVN?

Both ETFs have the same 0.70% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, STOX or DIVN?

STOX and DIVN have the same expense ratio: 0.70% per year.

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

DIVN has the higher dividend yield at 3.13%, compared with 0.17% for STOX.

What is the main difference between STOX and DIVN?

STOX is categorized as Large Cap Blend Equities, while DIVN is Large Cap Value Equities.