Horizon Small/Mid Cap Core Equity ETF
$29.17+0.06 (+0.21%)
- 0.75%
- $153M
- 0M sh
- $29.19
- low $25.05high $31.72
The ETF.net SMOX Grade
C
Score 45 out of 100
- 25 of 48
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 33 of 48Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 14 of 44Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C51 out of 100Rank 22 of 48Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 15 of 48Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 26 of 48
Our read on SMOX
CHorizon's December 2025 launch pairs human managers with quant models and aims them at US small and mid caps, a corner most of its actively managed US equity peers skip in favor of large-cap core.
The fund seeks capital appreciation through a combination of active management and quantitative models while investing in U.S. small- and mid-cap equities.
Why people hold it
- Goes down the cap ladder to US small and mid caps while the top-scoring funds in its active US equity cohort (DFAU, FELC, AVLC) all sit in large-cap core.
- Runs on both judgment and machines: active management combined with quantitative models, rather than committing to one lane.
- Holds roughly 300 stocks, so no single small-cap stumble drives the outcome. That breadth is a real strength versus concentrated active funds.
- Lands in the upper half of a crowded active US equity peer group despite being brand new, helped by diversification and a contained risk profile.
Worth knowing
- Charges 0.75% a year, above the 0.65% median for active US equity funds and several times the 0.12% to 0.26% the cohort's top names charge.
- Launched December 2025, so there's no multi-year record yet to show how the models behave across a full market cycle.
- Trades thinly, which usually means wider bid-ask spreads than the household names in the category. Distributions come annually or semiannually, not monthly.
SMOX Holdings
- Stocks
- 288
- 12%
- TWLO
Sectors
- Industrials20.9%
- Financials15.3%
- Technology15.1%
- Health Care10.8%
- Consumer Discretionary9.5%
- Energy7.8%
- Real Estate7.4%
- Materials5.3%
- Consumer Staples4.3%
- Communication2.3%
- Utilities1.0%
Geography
- United States97.00%
- United Kingdom1.29%
- Bermuda1.09%
- Ireland0.44%
- Puerto Rico0.19%
SMOX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SMOX$11,575
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SMOX |
|---|---|
| Year to date | +15.7% |
| 1 month | −1.7% |
| 3 months | −3.4% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SMOX |
|---|---|---|
| 2026 YTD | +15.7% | |
| 2025 | 0.0% |
SMOX in the news
SMOX Dividends
- $0.02 per share
- Irregular
Distribution data unavailable.
Distribution history
SMOX Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.55
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMOX Cost
0.75%
SMOX0.75%
- The middle half of US Active Small/Mid-Cap funds
- Median 0.59%
31 of the 47 US Active Small/Mid-Cap funds charge less.
Other funds in US Active Small/Mid-Cap
- CAMIDArgent Mid Cap ETFExpense ratio 0.52%1 year return +11.8%
- CPJFMPGIM Jennison Focused Mid-Cap ETFExpense ratio 0.49%1 year return +12.9%
- CTSMEThrivent Small-Mid Cap Equity ETFExpense ratio 0.65%1 year return +16.2%
- CBSMCBrandes U.S. Small-Mid Cap Value ETFExpense ratio 0.70%1 year return +19.2%
- CMMIDMFS Active Exchange Traded Funds Trust - MFS Active Mid Cap ETFExpense ratio 0.59%1 year return +8.8%