PHDG vs SMOX
Comparison between INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF) and Horizon SmallMid Cap Core Equity ETF (SMOX, ETF).
PHDG vs SMOX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHDG
$74M
Winner
SMOX
$74M
Expense Ratio
Winner
PHDG
0.39%
SMOX
0.75%
Max Drawdown
PHDG
23.59%
Winner
SMOX
7.76%
Sharpe Ratio
PHDG
1.04
Winner
SMOX
1.78
5Y Beta
Winner
PHDG
0.30
SMOX
0.88
P/E Ratio
PHDG
28.52
Winner
SMOX
22.94
Forward P/E
PHDG
21.51
Winner
SMOX
17.02
5Y Dividends CAGR
PHDG
31.27%
SMOX
N/A
5Y EPS CAGR
Winner
PHDG
25.57%
SMOX
14.94%
Debt to Equity
PHDG
31.82%
Winner
SMOX
13.47%
P/S Ratio
PHDG
3.75
Winner
SMOX
1.78
P/B Ratio
PHDG
5.64
Winner
SMOX
2.88
PHDG vs SMOX - Holdings Comparison
PHDG and SMOX have 1 common holdings. Overlap is -0.35%
PHDG's top 25 holdings weight is 56.97%. SMOX's top 25 holdings weight is 21.74%.
| Rank | PHDG | SMOX |
|---|---|---|
| #1 | INVESCO PREMIER US GOVERNMENT MONEY INST (IUGXX) - 14.85% | OTHER ASSETS AND LIABILITIES (n/a) - 1.27% |
| #2 | E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 10.01% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.23% |
| #3 | NVIDIA CORP (NVDA) - 5.02% | TD SYNNEX CORP (SNX) - 1.21% |
| #4 | APPLE INC (AAPL) - 4.69% | TWILIO INC CLASS A (TWLO) - 1.12% |
| #5 | MICROSOFT CORP (MSFT) - 2.87% | ATI INC (ATI) - 1.09% |
| #6 | AMAZON.COM INC (AMZN) - 2.44% | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.03% |
| #7 | ALPHABET INC CLASS A (GOOGL) - 2.12% | UNITED THERAPEUTICS CORP (UTHR) - 1.01% |
| #8 | BROADCOM INC (AVGO) - 1.82% | TECHNIPFMC PLC (FTI) - 1.00% |
| #9 | ALPHABET INC CLASS C (GOOG) - 1.71% | RELIANCE INC (RS) - 0.99% |
| #10 | META PLATFORMS INC CLASS A (META) - 1.46% | CURTISS-WRIGHT CORP (CW) - 0.96% |
| #11 | TESLA INC (TSLA) - 1.08% | CARPENTER TECHNOLOGY CORP (CRS) - 0.96% |
| #12 | MICRON TECHNOLOGY INC (MU) - 0.99% | WOODWARD INC (WWD) - 0.94% |
| #13 | JPMORGAN CHASE & CO (JPM) - 0.91% | NVENT ELECTRIC PLC (NVT) - 0.89% |
| #14 | ELI LILLY AND CO (LLY) - 0.89% | RBC BEARINGS INC (RBC) - 0.88% |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.87% | NEUROCRINE BIOSCIENCES INC (NBIX) - 0.86% |
| #16 | ADVANCED MICRO DEVICES INC (AMD) - 0.84% | ROKU INC CLASS A (ROKU) - 0.84% |
| #17 | JOHNSON & JOHNSON (JNJ) - 0.58% | EAST WEST BANCORP INC (EWBC) - 0.84% |
| #18 | EXXONMOBIL HOLDINGS CORP (XOM) - 0.58% | OKTA INC CLASS A (OKTA) - 0.84% |
| #19 | VISA INC CLASS A (V) - 0.57% | PERFORMANCE FOOD GROUP CO (PFGC) - 0.79% |
| #20 | WALMART INC (WMT) - 0.48% | STERLING INFRASTRUCTURE INC (STRL) - 0.79% |
| #21 | INTEL CORP (INTC) - 0.47% | NUTANIX INC CLASS A (NTNX) - 0.44% |
| #22 | APPLIED MATERIALS INC (AMAT) - 0.45% | ANTERO MIDSTREAM CORP (AM) - 0.44% |
| #23 | CISCO SYSTEMS INC (CSCO) - 0.43% | JAZZ PHARMACEUTICALS PLC (JAZZ) - 0.44% |
| #24 | MASTERCARD INC CLASS A (MA) - 0.42% | UNUM GROUP (UNM) - 0.44% |
| #25 | ABBVIE INC (ABBV) - 0.42% | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 0.44% |
| Total Holdings | 508 | 250 |
PHDG vs SMOX - Historical Returns
Returns include dividend reinvestment.
1M
PHDG
-0.15%
Winner
SMOX
-0.01%
3M
PHDG
+2.11%
Winner
SMOX
+4.33%
6M
PHDG
+8.92%
Winner
SMOX
+12.93%
1Y
PHDG
+15.39%
SMOX
N/A
5Y(CAGR)
PHDG
+4.04%
SMOX
N/A
10Y(CAGR)
PHDG
+7.13%
SMOX
N/A
Max(CAGR)
PHDG
+5.58%
Winner
SMOX
+33.60%
PHDG vs SMOX - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | PHDG | SMOX |
|---|---|---|
| 2026 | +9.88% | +18.22% |
| 2025 | +2.46% | +0.44% |
| 2024 | +11.96% | N/A |
| 2023 | +8.79% | N/A |
| 2022 | -14.38% | N/A |
| 2021 | +16.13% | N/A |
| 2020 | +18.15% | N/A |
| 2019 | +8.89% | N/A |
| 2018 | -3.39% | N/A |
| 2017 | +15.36% | N/A |
| 2016 | -0.25% | N/A |
| 2015 | -9.72% | N/A |
| 2014 | +6.86% | N/A |
| 2013 | +12.19% | N/A |
| 2012 | -0.01% | N/A |
PHDG vs SMOX Drawdown Comparison
The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.
The maximum drawdown for SMOX was -7.76%, occurring on Mar 20, 2026. Recovery took 26 trading sessions.
The current PHDG drawdown is -5.79%. The current SMOX drawdown is -1.89%.
| Rank | PHDG | SMOX |
|---|---|---|
| #1 | -17.69% Dec 5, 2014 - Dec 11, 2017 | -7.76% Mar 2, 2026 - Apr 8, 2026 |
| #2 | -17.06% Dec 27, 2021 - Jun 12, 2024 | -3.45% May 6, 2026 - May 26, 2026 |
| #3 | -15.87% Mar 18, 2020 - Aug 24, 2020 | -3.13% Jun 30, 2026 - Jul 8, 2026 |
| #4 | -14.79% Dec 4, 2024 - Mar 2, 2026 | -2.53% Dec 11, 2025 - Jan 5, 2026 |
| #5 | -12.79% Feb 6, 2018 - Mar 12, 2020 | -1.72% Jun 4, 2026 - Jun 11, 2026 |
| #6 | -10.06% Sep 2, 2020 - Apr 15, 2021 | -1.61% Jan 21, 2026 - Feb 6, 2026 |
| #7 | -6.36% Jun 15, 2026 - Jun 25, 2026 | -1.51% Apr 27, 2026 - Apr 30, 2026 |
| #8 | -6.11% Aug 5, 2024 - Dec 4, 2024 | -1.43% Feb 20, 2026 - Feb 25, 2026 |
| #9 | -5.20% Aug 2, 2013 - Dec 23, 2013 | -1.29% Feb 11, 2026 - Feb 20, 2026 |
| #10 | -4.42% Sep 7, 2021 - Nov 2, 2021 | -1.27% May 26, 2026 - Jun 4, 2026 |
| #11 | -4.37% Jul 16, 2024 - Aug 5, 2024 | -1.05% Jun 12, 2026 - Jun 22, 2026 |
| #12 | -3.88% Jun 4, 2026 - Jun 15, 2026 | -0.91% Jan 15, 2026 - Jan 21, 2026 |
| #13 | -3.69% Apr 2, 2014 - Jun 9, 2014 | -0.78% Feb 26, 2026 - Mar 2, 2026 |
| #14 | -3.44% Dec 31, 2013 - Feb 28, 2014 | -0.63% Dec 5, 2025 - Dec 10, 2025 |
| #15 | -3.37% Mar 10, 2026 - Apr 8, 2026 | -0.62% Apr 14, 2026 - Apr 17, 2026 |
Correlation
Correlation between PHDG and SMOX is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (2012 - 2026)
PHDG vs SMOX dividend yield comparison.
| Year | PHDG | SMOX |
|---|---|---|
| 2026 | 0.73% | 0.00% |
| 2025 | 2.10% | 0.08% |
| 2024 | 1.94% | 0.00% |
| 2023 | 1.93% | 0.00% |
| 2022 | 1.35% | 0.00% |
| 2021 | 0.44% | 0.00% |
| 2020 | 0.63% | 0.00% |
| 2019 | 1.80% | 0.00% |
| 2018 | 1.56% | 0.00% |
| 2017 | 1.83% | 0.00% |
| 2016 | 2.29% | 0.00% |
| 2015 | 1.64% | 0.00% |
| 2014 | 5.46% | 0.00% |
| 2013 | 1.76% | 0.00% |
| 2012 | 0.09% | 0.00% |
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