YNOT vs. STOX

Last updated Jul 14, 2026

YNOT (Horizon Digital Frontier ETF) and STOX (Horizon Core Equity ETF) are both exchange-traded funds - YNOT is a Technology Equities fund actively managed by Horizon, while STOX is a Large Cap Blend Equities fund managed by Horizon. Over the past year, YNOT returned 25.34% vs 21.72% for STOX. Their correlation of 0.88 suggests significant overlap in exposure. YNOT charges 0.75%/yr vs 0.70%/yr for STOX.

Performance

YNOT vs. STOX - Performance Comparison

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

Returns By Period

In the year-to-date period, YNOT achieves a 12.07% return, which is significantly higher than STOX's 9.77% return.

YNOT

• 1D: -2.13%
• 1M: -2.25%
• 6M: 5.87%
• YTD: 12.07%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

STOX

• 1D: -0.87%
• 1M: 1.60%
• 6M: 7.46%
• YTD: 9.77%
• 1Y: 21.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNOT vs. STOX - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	12.07%	12.46%
STOX Horizon Core Equity ETF	9.77%	10.69%

Correlation

The correlation between YNOT and STOX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.88

The correlation between YNOT and STOX has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

Return for Risk

YNOT vs. STOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YNOT

YNOT Risk / Return Rank: 35
YNOT Sharpe Ratio Rank: 35
YNOT Sortino Ratio Rank: 33
YNOT Omega Ratio Rank: 33
YNOT Calmar Ratio Rank: 37
YNOT Martin Ratio Rank: 37

STOX

STOX Risk / Return Rank: 66
STOX Sharpe Ratio Rank: 66
STOX Sortino Ratio Rank: 65
STOX Omega Ratio Rank: 65
STOX Calmar Ratio Rank: 59
STOX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YNOT vs. STOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and Horizon Core Equity ETF (STOX). 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	STOX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.71	-0.68
Sortino ratio: Return per unit of downside risk	1.47	2.40	-0.93
Omega ratio: Gain probability vs. loss probability	1.18	1.31	-0.13
Calmar ratio: Return relative to maximum drawdown	1.52	2.34	-0.82
Martin ratio: Return relative to average drawdown	4.61	10.59	-5.99

YNOT vs. STOX - Sharpe Ratio Comparison

The current YNOT Sharpe Ratio is 1.04, which is lower than the STOX Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of YNOT and STOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YNOT vs. STOX - Drawdown Comparison

The maximum YNOT drawdown since its inception was -16.73%, which is greater than STOX's maximum drawdown of -9.33%. Use the drawdown chart below to compare losses from any high point for YNOT and STOX.

Drawdown Indicators

	YNOT	STOX	Difference
Max Drawdown Largest peak-to-trough decline	-16.73%	-9.33%	-7.40%
Max Drawdown (1Y) Largest decline over 1 year	-16.73%	-9.33%	-7.40%
Current Drawdown Current decline from peak	-9.59%	-0.87%	-8.72%
Average Drawdown Average peak-to-trough decline	-4.10%	-1.20%	-2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	2.06%	+3.46%

Volatility

YNOT vs. STOX - Volatility Comparison

Horizon Digital Frontier ETF (YNOT) has a higher volatility of 9.00% compared to Horizon Core Equity ETF (STOX) at 4.07%. This indicates that YNOT's price experiences larger fluctuations and is considered to be riskier than STOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YNOT	STOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	4.07%	+4.93%
Volatility (6M) Calculated over the trailing 6-month period	20.10%	9.93%	+10.17%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	12.78%	+11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.54%	12.69%	+11.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.54%	12.69%	+11.85%

YNOT vs. STOX - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than STOX's 0.70% expense ratio.

Dividends

YNOT vs. STOX - Dividend Comparison

YNOT has not paid dividends to shareholders, while STOX's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025
STOX Horizon Core Equity ETF	0.17%	0.19%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and STOX in my portfolio?

YNOT and STOX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YNOT or STOX?

YNOT has higher volatility (9.00%) compared to STOX (4.07%). In terms of maximum drawdown, YNOT dropped -16.73% vs STOX's -9.33%.

Which ETF is better, YNOT or STOX?

On 1-year performance, YNOT leads with 25.34% vs 21.72% for STOX. On fees, STOX is cheaper at 0.70% per year. On volatility, STOX has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YNOT or STOX?

Over the 1-year period, YNOT has performed better with a 25.34% return vs 21.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YNOT or STOX?

STOX is cheaper with a 0.70% expense ratio, compared with 0.75% for YNOT.

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

STOX has the higher dividend yield at 0.17%, compared with 0.00% for YNOT.

What is the main difference between YNOT and STOX?

YNOT is categorized as Technology Equities, while STOX is Large Cap Blend Equities. Their fees differ too: 0.75% for YNOT and 0.70% for STOX.

Which has better risk-adjusted returns?

STOX currently has the higher Sharpe Ratio (1.71 vs 1.04), 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.