STOX vs. ESN
STOX (Horizon Core Equity ETF) and ESN (Essential 40 Stock ETF) are both Large Cap Blend Equities funds. STOX is actively managed, while ESN is passively managed. Over the past year, STOX returned 18.43% vs 25.39% for ESN. Their 0.71 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.70% expense ratio.
Performance
STOX vs. ESN - Performance Comparison
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Returns By Period
In the year-to-date period, STOX achieves a 9.05% return, which is significantly lower than ESN's 17.26% return.
STOX
- 1D
- 0.43%
- 1M
- 1.84%
- 6M
- 6.61%
- YTD
- 9.05%
- 1Y
- 18.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.18%
ESN
- 1D
- 1.02%
- 1M
- 2.26%
- 6M
- 12.61%
- YTD
- 17.26%
- 1Y
- 25.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.20M | $1.63M | $1.63M | |
| $905.82K | $921.25K | $857.62K |
STOX vs. ESN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STOX Horizon Core Equity ETF | 9.05% | 13.00% |
ESN Essential 40 Stock ETF | 17.26% | 9.87% |
Correlation
The correlation between STOX and ESN is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.71 |
The correlation between STOX and ESN has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
STOX vs. ESN — Risk / Return Rank
STOX
ESN
STOX vs. ESN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) and Essential 40 Stock ETF (ESN). 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 | ESN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.97 | -1.99 |
| Martin ratioReturn relative to average drawdown | 8.90 | 15.89 | -6.99 |
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Drawdowns
STOX vs. ESN - Drawdown Comparison
The maximum STOX drawdown since its inception was -9.33%, smaller than the maximum ESN drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for STOX and ESN.
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Drawdown Indicators
| STOX | ESN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.33% | -13.60% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -6.42% | -2.91% |
Current DrawdownCurrent decline from peak | -1.52% | 0.00% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -1.20% | -1.81% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.62% | +0.46% |
Volatility
STOX vs. ESN - Volatility Comparison
Horizon Core Equity ETF (STOX) has a higher volatility of 2.97% compared to Essential 40 Stock ETF (ESN) at 2.33%. This indicates that STOX's price experiences larger fluctuations and is considered to be riskier than ESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STOX | ESN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.33% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 7.40% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 9.94% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 13.04% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 13.04% | -0.47% |
STOX vs. ESN - Expense Ratio Comparison
Both STOX and ESN have an expense ratio of 0.70%.
Dividends
STOX vs. ESN - Dividend Comparison
STOX's dividend yield for the trailing twelve months is around 0.17%, less than ESN's 0.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ESN Essential 40 Stock ETF | 0.78% | 0.91% | 0.76% |
STOX Horizon Core Equity ETF | 0.17% | 0.19% | 0.00% |
Frequently Asked Questions
STOX and ESN have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STOX has higher volatility (2.97%) compared to ESN (2.33%). In terms of maximum drawdown, STOX dropped -9.33% vs ESN's -13.60%.
On 1-year performance, ESN leads with 25.39% vs 18.43% for STOX. Both ETFs have the same 0.70% expense ratio. On volatility, ESN has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ESN has performed better with a 25.39% return vs 18.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STOX and ESN have the same expense ratio: 0.70% per year.
ESN has the higher dividend yield at 0.78%, compared with 0.17% for STOX.
They also come from different issuers: Horizon and KKM Financial.
ESN currently has the higher Sharpe Ratio (2.57 vs 1.44), 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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