SMOX vs PHDG
Comparison between Horizon SmallMid Cap Core Equity ETF (SMOX, ETF) and INVESCO S&P 500 DOWNSIDE HEDGED ETF (PHDG, ETF).
SMOX vs PHDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SMOX
$74M
PHDG
$74M
Expense Ratio
SMOX
0.75%
Winner
PHDG
0.39%
Max Drawdown
Winner
SMOX
7.76%
PHDG
23.59%
Sharpe Ratio
Winner
SMOX
1.87
PHDG
1.10
5Y Beta
SMOX
0.89
Winner
PHDG
0.31
P/E Ratio
Winner
SMOX
22.91
PHDG
28.77
Forward P/E
Winner
SMOX
16.94
PHDG
21.26
5Y Dividends CAGR
SMOX
N/A
PHDG
31.27%
5Y EPS CAGR
SMOX
15.00%
Winner
PHDG
25.61%
Debt to Equity
Winner
SMOX
13.42%
PHDG
31.66%
P/S Ratio
Winner
SMOX
1.78
PHDG
3.76
P/B Ratio
Winner
SMOX
2.84
PHDG
5.65
SMOX vs PHDG - Holdings Comparison
SMOX and PHDG have 1 common holdings. Overlap is -0.35%
SMOX's top 25 holdings weight is 21.74%. PHDG's top 25 holdings weight is 56.97%.
| Rank | SMOX | PHDG |
|---|---|---|
| #1 | OTHER ASSETS AND LIABILITIES (n/a) - 1.27% | INVESCO PREMIER US GOVERNMENT MONEY INST (IUGXX) - 14.85% |
| #2 | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 1.23% | E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 10.01% |
| #3 | TD SYNNEX CORP (SNX) - 1.21% | NVIDIA CORP (NVDA) - 5.02% |
| #4 | TWILIO INC CLASS A (TWLO) - 1.12% | APPLE INC (AAPL) - 4.69% |
| #5 | ATI INC (ATI) - 1.09% | MICROSOFT CORP (MSFT) - 2.87% |
| #6 | MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC (MTSI) - 1.03% | AMAZON.COM INC (AMZN) - 2.44% |
| #7 | UNITED THERAPEUTICS CORP (UTHR) - 1.01% | ALPHABET INC CLASS A (GOOGL) - 2.12% |
| #8 | TECHNIPFMC PLC (FTI) - 1.00% | BROADCOM INC (AVGO) - 1.82% |
| #9 | RELIANCE INC (RS) - 0.99% | ALPHABET INC CLASS C (GOOG) - 1.71% |
| #10 | CURTISS-WRIGHT CORP (CW) - 0.96% | META PLATFORMS INC CLASS A (META) - 1.46% |
| #11 | CARPENTER TECHNOLOGY CORP (CRS) - 0.96% | TESLA INC (TSLA) - 1.08% |
| #12 | WOODWARD INC (WWD) - 0.94% | MICRON TECHNOLOGY INC (MU) - 0.99% |
| #13 | NVENT ELECTRIC PLC (NVT) - 0.89% | JPMORGAN CHASE & CO (JPM) - 0.91% |
| #14 | RBC BEARINGS INC (RBC) - 0.88% | ELI LILLY AND CO (LLY) - 0.89% |
| #15 | NEUROCRINE BIOSCIENCES INC (NBIX) - 0.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.87% |
| #16 | ROKU INC CLASS A (ROKU) - 0.84% | ADVANCED MICRO DEVICES INC (AMD) - 0.84% |
| #17 | EAST WEST BANCORP INC (EWBC) - 0.84% | JOHNSON & JOHNSON (JNJ) - 0.58% |
| #18 | OKTA INC CLASS A (OKTA) - 0.84% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.58% |
| #19 | PERFORMANCE FOOD GROUP CO (PFGC) - 0.79% | VISA INC CLASS A (V) - 0.57% |
| #20 | STERLING INFRASTRUCTURE INC (STRL) - 0.79% | WALMART INC (WMT) - 0.48% |
| #21 | NUTANIX INC CLASS A (NTNX) - 0.44% | INTEL CORP (INTC) - 0.47% |
| #22 | ANTERO MIDSTREAM CORP (AM) - 0.44% | APPLIED MATERIALS INC (AMAT) - 0.45% |
| #23 | JAZZ PHARMACEUTICALS PLC (JAZZ) - 0.44% | CISCO SYSTEMS INC (CSCO) - 0.43% |
| #24 | UNUM GROUP (UNM) - 0.44% | MASTERCARD INC CLASS A (MA) - 0.42% |
| #25 | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 0.44% | ABBVIE INC (ABBV) - 0.42% |
| Total Holdings | 250 | 508 |
SMOX vs PHDG - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMOX
+0.24%
PHDG
-0.31%
3M
Winner
SMOX
+5.57%
PHDG
+2.79%
6M
Winner
SMOX
+12.18%
PHDG
+9.73%
1Y
SMOX
N/A
PHDG
+16.69%
5Y(CAGR)
SMOX
N/A
PHDG
+4.44%
10Y(CAGR)
SMOX
N/A
PHDG
+7.24%
Max(CAGR)
Winner
SMOX
+35.56%
PHDG
+5.62%
SMOX vs PHDG - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | SMOX | PHDG |
|---|---|---|
| 2026 | +19.13% | +10.45% |
| 2025 | +0.44% | +2.46% |
| 2024 | N/A | +11.96% |
| 2023 | N/A | +8.79% |
| 2022 | N/A | -14.38% |
| 2021 | N/A | +16.13% |
| 2020 | N/A | +18.15% |
| 2019 | N/A | +8.89% |
| 2018 | N/A | -3.39% |
| 2017 | N/A | +15.36% |
| 2016 | N/A | -0.25% |
| 2015 | N/A | -9.72% |
| 2014 | N/A | +6.86% |
| 2013 | N/A | +12.19% |
| 2012 | N/A | -0.01% |
SMOX vs PHDG Drawdown Comparison
The maximum drawdown for SMOX was -7.76%, occurring on Mar 20, 2026. Recovery took 26 trading sessions.
The maximum drawdown for PHDG was -17.69%, occurring on Nov 3, 2016. Recovery took 759 trading sessions.
The current SMOX drawdown is -1.14%. The current PHDG drawdown is -5.30%.
| Rank | SMOX | PHDG |
|---|---|---|
| #1 | -7.76% Mar 2, 2026 - Apr 8, 2026 | -17.69% Dec 5, 2014 - Dec 11, 2017 |
| #2 | -3.45% May 6, 2026 - May 26, 2026 | -17.06% Dec 27, 2021 - Jun 12, 2024 |
| #3 | -3.13% Jun 30, 2026 - Jul 8, 2026 | -15.87% Mar 18, 2020 - Aug 24, 2020 |
| #4 | -2.53% Dec 11, 2025 - Jan 5, 2026 | -14.79% Dec 4, 2024 - Mar 2, 2026 |
| #5 | -1.72% Jun 4, 2026 - Jun 11, 2026 | -12.79% Feb 6, 2018 - Mar 12, 2020 |
| #6 | -1.61% Jan 21, 2026 - Feb 6, 2026 | -10.06% Sep 2, 2020 - Apr 15, 2021 |
| #7 | -1.51% Apr 27, 2026 - Apr 30, 2026 | -6.36% Jun 15, 2026 - Jun 25, 2026 |
| #8 | -1.43% Feb 20, 2026 - Feb 25, 2026 | -6.11% Aug 5, 2024 - Dec 4, 2024 |
| #9 | -1.29% Feb 11, 2026 - Feb 20, 2026 | -5.20% Aug 2, 2013 - Dec 23, 2013 |
| #10 | -1.27% May 26, 2026 - Jun 4, 2026 | -4.42% Sep 7, 2021 - Nov 2, 2021 |
| #11 | -1.05% Jun 12, 2026 - Jun 22, 2026 | -4.37% Jul 16, 2024 - Aug 5, 2024 |
| #12 | -0.91% Jan 15, 2026 - Jan 21, 2026 | -3.88% Jun 4, 2026 - Jun 15, 2026 |
| #13 | -0.78% Feb 26, 2026 - Mar 2, 2026 | -3.69% Apr 2, 2014 - Jun 9, 2014 |
| #14 | -0.63% Dec 5, 2025 - Dec 10, 2025 | -3.44% Dec 31, 2013 - Feb 28, 2014 |
| #15 | -0.62% Apr 14, 2026 - Apr 17, 2026 | -3.37% Mar 10, 2026 - Apr 8, 2026 |
Correlation
Correlation between SMOX and PHDG is 0.86 which considered as a strong positive correlation - the stocks tend to move together.
0.86
-101
Dividend Comparison (2012 - 2026)
SMOX vs PHDG dividend yield comparison.
| Year | SMOX | PHDG |
|---|---|---|
| 2026 | 0.00% | 0.72% |
| 2025 | 0.08% | 2.10% |
| 2024 | 0.00% | 1.94% |
| 2023 | 0.00% | 1.93% |
| 2022 | 0.00% | 1.35% |
| 2021 | 0.00% | 0.44% |
| 2020 | 0.00% | 0.63% |
| 2019 | 0.00% | 1.80% |
| 2018 | 0.00% | 1.56% |
| 2017 | 0.00% | 1.83% |
| 2016 | 0.00% | 2.29% |
| 2015 | 0.00% | 1.64% |
| 2014 | 0.00% | 5.46% |
| 2013 | 0.00% | 1.76% |
| 2012 | 0.00% | 0.09% |
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