YNOT vs. SMOX

Last updated Aug 4, 2026

YNOT (Horizon Digital Frontier ETF) and SMOX (Horizon Small/Mid Cap Core Equity ETF) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while SMOX is a Mid Cap Blend Equities fund actively managed by Horizon. Both are actively managed. Their 0.67 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

YNOT vs. SMOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and Horizon Small/Mid Cap Core Equity ETF (SMOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YNOT achieves a 12.66% return, which is significantly lower than SMOX's 20.87% return.

YNOT

• 1D: 2.33%
• 1M: -0.24%
• 6M: 8.03%
• YTD: 12.66%
• 1Y: 23.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.88%

SMOX

• 1D: 1.02%
• 1M: 0.84%
• 6M: 12.83%
• YTD: 20.87%
• 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)
SMOX Horizon Small/Mid Cap Core Equity ETF	$4.42M	$2.24M	$1.08M
YNOT Horizon Digital Frontier ETF	$6.36M	$3.62M	$1.68M

YNOT vs. SMOX - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	12.66%	-1.23%
SMOX Horizon Small/Mid Cap Core Equity ETF	20.87%	0.44%

Correlation

The correlation between YNOT and SMOX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.67

YNOT vs. SMOX - Sectors Allocation Comparison

Sectors	YNOT	SMOX
Technology	49.2%	16.5%
Industrials	17.4%	22.6%
Communication Services	14.3%	1.4%
Consumer Cyclical	7.5%	10.5%
Basic Materials	7.5%	3.6%
Financial Services	1.8%	15.4%
Utilities	1.1%	1.8%
Healthcare	0.6%	9.2%
Energy	0.6%	6.8%
Consumer Defensive	-	4.9%
Real Estate	-	7.3%

Return for Risk

YNOT vs. SMOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YNOT

YNOT Risk / Return Rank: 34
YNOT Sharpe Ratio Rank: 34
YNOT Sortino Ratio Rank: 34
YNOT Omega Ratio Rank: 32
YNOT Calmar Ratio Rank: 36
YNOT Martin Ratio Rank: 36

SMOX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YNOT vs. SMOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and Horizon Small/Mid Cap Core Equity ETF (SMOX). 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.

	YNOT	SMOX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.39	—	—
Martin ratio: Return relative to average drawdown	3.82	—	—

Drawdowns

YNOT vs. SMOX - Drawdown Comparison

The maximum YNOT drawdown since its inception was -17.25%, which is greater than SMOX's maximum drawdown of -7.76%. Use the drawdown chart below to compare losses from any high point for YNOT and SMOX.

Drawdown Indicators

	YNOT	SMOX	Difference
Max Drawdown Largest peak-to-trough decline	-17.25%	-7.76%	-9.49%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	—	—
Current Drawdown Current decline from peak	-9.12%	-0.91%	-8.21%
Average Drawdown Average peak-to-trough decline	-4.53%	-1.40%	-3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	—	—

Volatility

Volatility by Period

	YNOT	SMOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.80%	15.02%	+10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	15.02%	+10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	15.02%	+10.23%

YNOT vs. SMOX - Expense Ratio Comparison

Both YNOT and SMOX have an expense ratio of 0.75%.

Dividends

YNOT vs. SMOX - Dividend Comparison

YNOT has not paid dividends to shareholders, while SMOX's dividend yield for the trailing twelve months is around 0.07%.

Position	TTM	2025
SMOX Horizon Small/Mid Cap Core Equity ETF	0.07%	0.08%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and SMOX in my portfolio?

YNOT and SMOX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YNOT or SMOX?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNOT or SMOX?

YNOT and SMOX have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, YNOT or SMOX?

SMOX has the higher dividend yield at 0.07%, compared with 0.00% for YNOT.

What is the main difference between YNOT and SMOX?

YNOT is categorized as Technology Equities, while SMOX is Mid Cap Blend Equities.