SMOX - ETF AI Analysis
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Horizon Small/Mid Cap Core Equity ETF (SMOX)
Rating:69Neutral
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has shown strong gains so far this year and in recent months, indicating solid momentum in its strategy.
Broad Sector Diversification
Holdings are spread across many sectors like industrials, technology, financials, health care, and energy, helping reduce the impact of weakness in any single industry.
Several Strong-Performing Top Holdings
Many of the largest positions, including Flex, TD SYNNEX, nVent Electric, and others, have delivered strong year-to-date performance, supporting the fund’s overall returns.
Negative Factors
Higher Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of your returns go toward fees instead of staying in your pocket.
Heavy U.S. Concentration
With almost all assets in U.S. companies, the ETF offers limited geographic diversification and is more exposed to U.S.-specific economic and market risks.
Exposure to a Weak Top Holding
One of the top positions, Tenet Healthcare, has shown weak performance year-to-date, which can drag on the fund if the stock continues to lag.
SMOX vs. SPDR S&P 500 ETF (SPY)
AUM125.01M
RegionNorth America
Expense Ratio0.75%
Beta0.56
IssuerHorizons
Inception DateDec 02, 2025
Dividend Yield0.06%
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume40,392
30 Day Avg. Volume39,346
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
35.94Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering285
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SMOX Summary
The Horizon Small/Mid Cap Core Equity ETF (SMOX) is an actively managed fund that invests in smaller and mid-sized U.S. companies, aiming to tap into the growth potential of the “extended market” beyond the biggest household-name stocks. It spreads money across many sectors, including industrials, technology, and financials, and holds companies like Twilio and TD SYNNEX. Someone might consider SMOX for growth and diversification away from only large-cap stocks. However, because it focuses on smaller companies and uses active strategies, its price can be more volatile and can go up and down with the market.
How much will it cost me?The Horizon Small/Mid Cap Core Equity ETF (SMOX) has an expense ratio of 0.75%, which means you’ll pay $7.50 per year for every $1,000 invested. This is higher than the average for ETFs because it is actively managed, meaning professional managers make investment decisions rather than simply tracking an index.
What would affect this ETF?The Horizon Small/Mid Cap Core Equity ETF (SMOX) could benefit from a strong U.S. economy, as small and mid-cap companies often thrive during periods of economic growth and innovation, particularly in sectors like technology and industrials, which have significant weight in the fund. However, rising interest rates or economic slowdowns could negatively impact these smaller companies, as they may face higher borrowing costs and reduced consumer spending. Additionally, sector-specific challenges, such as regulatory changes in healthcare or volatility in energy prices, could also affect the ETF's performance.
SMOX Top 10 Holdings
SMOX leans into U.S. small and mid-caps with an industrial and financial backbone, and a tech twist. ATI and Carpenter Technology have been the fund’s workhorses, riding strong momentum in aerospace and specialty metals, while Reliance Steel and Mueller Industries add steady, metal-heavy support. On the growth side, Twilio has been rising and gives the portfolio a dash of cloud-driven flair. Offsetting some of that strength, United Therapeutics and TechnipFMC have been more mixed lately, occasionally tapping the brakes on overall performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| ― | 2.72% | $3.36M | ― | ― | ― | |
| ATI | 1.26% | $1.55M | $31.11B | 215.32% | 78 Outperform | |
| Twilio | 1.25% | $1.54M | $36.58B | 125.42% | 70 Neutral | |
| TD SYNNEX Corporation | 1.17% | $1.44M | $20.69B | 75.42% | 73 Outperform | |
| Reliance Steel | 1.04% | $1.29M | $21.78B | 49.11% | 74 Outperform | |
| Tenet Healthcare | 1.02% | $1.25M | $21.57B | 55.74% | 74 Outperform | |
| MACOM Technology Solutions Holdings | 1.01% | $1.24M | $24.17B | 157.08% | 64 Neutral | |
| TechnipFMC | 1.00% | $1.24M | $30.83B | 124.66% | 80 Outperform | |
| United Therapeutics | 0.91% | $1.13M | $21.43B | 59.59% | 79 Outperform | |
| nVent Electric | 0.91% | $1.12M | $27.74B | 94.74% | 76 Outperform |
SMOX Technical Analysis
Positive
―
Price Trends
30.22
Positive
29.34
Positive
Market Momentum
0.29
Negative
67.24
Neutral
79.77
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For SMOX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 30.53, equal to the 50-day MA of 30.22, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.29 indicates Negative momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 79.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMOX.
SMOX Peer Comparison
Comparison Results
Performance Comparison
SMOX
Horizon Small/Mid Cap Core Equity ETF
31.27
6.11
24.28%
RSMC
Rockefeller U.S. Small-Mid Cap ETF
―
―
―
MSSM
Morgan Stanley Pathway Small-Mid Cap Equity ETF
―
―
―
GRNJ
Fundstrat Granny Shots US Small- & Mid-Cap ETF
―
―
―
SMIZ
Zacks Small/Mid Cap ETF
―
―
―
RNIN
Bushido Capital US SMID Cap Equity ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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