STOX vs. NVIR
STOX (Horizon Core Equity ETF) and NVIR (Horizon Kinetics Energy Remediation ETF) are both exchange-traded funds - STOX is a Large Cap Blend Equities fund managed by Horizon, while NVIR is a Energy Equities fund actively managed by Horizon. At a 0.19 correlation, their price movements are largely independent. STOX charges 0.70%/yr vs 0.85%/yr for NVIR.
Performance
STOX vs. NVIR - Performance Comparison
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Returns By Period
In the year-to-date period, STOX achieves a 10.00% return, which is significantly lower than NVIR's 22.17% return.
STOX
- 1D
- -0.18%
- 1M
- 4.95%
- YTD
- 10.00%
- 6M
- 10.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIR
- 1D
- 0.66%
- 1M
- -1.59%
- YTD
- 22.17%
- 6M
- 19.29%
- 1Y
- 34.67%
- 3Y*
- 19.49%
- 5Y*
- —
- 10Y*
- —
STOX vs. NVIR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STOX Horizon Core Equity ETF | 10.00% | 12.56% |
NVIR Horizon Kinetics Energy Remediation ETF | 22.17% | 8.16% |
Correlation
The correlation between STOX and NVIR is 0.19, 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 27, 2025 | 0.19 |
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Return for Risk
STOX vs. NVIR — Risk / Return Rank
STOX
NVIR
STOX vs. NVIR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Core Equity ETF (STOX) and Horizon Kinetics Energy Remediation ETF (NVIR). 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.
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Sharpe Ratios by Period
| STOX | NVIR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.08 | 0.90 | +1.18 |
Drawdowns
STOX vs. NVIR - Drawdown Comparison
The maximum STOX drawdown since its inception was -9.33%, smaller than the maximum NVIR drawdown of -22.47%. Use the drawdown chart below to compare losses from any high point for STOX and NVIR.
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Drawdown Indicators
| STOX | NVIR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.33% | -22.47% | +13.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.47% | — |
Current DrawdownCurrent decline from peak | -0.18% | -3.08% | +2.90% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -4.58% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.43% | — |
Volatility
STOX vs. NVIR - Volatility Comparison
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Volatility by Period
| STOX | NVIR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 16.05% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 19.24% | -6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.39% | 19.24% | -6.85% |
STOX vs. NVIR - Expense Ratio Comparison
STOX has a 0.70% expense ratio, which is lower than NVIR's 0.85% expense ratio.
Dividends
STOX vs. NVIR - Dividend Comparison
STOX's dividend yield for the trailing twelve months is around 0.17%, less than NVIR's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 0.75% | 0.92% | 1.50% | 1.34% |
STOX Horizon Core Equity ETF | 0.17% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
STOX and NVIR have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, STOX is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
STOX is cheaper with a 0.70% expense ratio, compared with 0.85% for NVIR.
NVIR has the higher dividend yield at 0.75%, compared with 0.17% for STOX.
STOX is categorized as Large Cap Blend Equities, while NVIR is Energy Equities. Their fees differ too: 0.70% for STOX and 0.85% for NVIR.
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