STOX vs. DIVN
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. Over the past year, STOX returned 21.64% vs 18.68% for DIVN. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.70% expense ratio.
Performance
STOX vs. DIVN - Performance Comparison
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Returns By Period
In the year-to-date period, STOX achieves a 9.90% return, which is significantly lower than DIVN's 13.36% return.
STOX
- 1D
- 0.50%
- 1M
- 2.48%
- 6M
- 8.67%
- YTD
- 9.90%
- 1Y
- 21.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVN
- 1D
- 0.01%
- 1M
- 1.71%
- 6M
- 10.57%
- YTD
- 13.36%
- 1Y
- 18.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
STOX vs. DIVN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STOX Horizon Core Equity ETF | 9.90% | 13.00% |
DIVN Horizon Dividend Income ETF | 13.36% | 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 (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.38 |
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Return for Risk
STOX vs. DIVN — Risk / Return Rank
STOX
DIVN
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.
| STOX | DIVN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 3.38 | -1.05 |
| Martin ratioReturn relative to average drawdown | 10.56 | 9.25 | +1.31 |
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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.
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Drawdown Indicators
| STOX | DIVN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.33% | -5.55% | -3.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -5.55% | -3.78% |
Current DrawdownCurrent decline from peak | -0.28% | -0.60% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -1.39% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.02% | +0.03% |
Volatility
STOX vs. DIVN - Volatility Comparison
Horizon Core Equity ETF (STOX) has a higher volatility of 4.17% compared to Horizon Dividend Income ETF (DIVN) at 2.92%. This indicates that STOX's price experiences larger fluctuations and is considered to be riskier than DIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STOX | DIVN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.92% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 7.54% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 10.44% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 10.47% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.69% | 10.47% | +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 3.46% yield.
| Position | TTM | 2025 |
|---|---|---|
DIVN Horizon Dividend Income ETF | 3.46% | 1.47% |
STOX Horizon Core Equity ETF | 0.17% | 0.19% |
Frequently Asked Questions
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.
STOX has higher volatility (4.17%) compared to DIVN (2.92%). In terms of maximum drawdown, STOX dropped -9.33% vs DIVN's -5.55%.
On 1-year performance, STOX leads with 21.64% vs 18.68% for DIVN. Both ETFs have the same 0.70% expense ratio. On volatility, DIVN has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, STOX has performed better with a 21.64% return vs 18.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STOX and DIVN have the same expense ratio: 0.70% per year.
DIVN has the higher dividend yield at 3.46%, compared with 0.17% for STOX.
STOX is categorized as Large Cap Blend Equities, while DIVN is Large Cap Value Equities.
DIVN currently has the higher Sharpe Ratio (1.80 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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