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Upturn AI Summary
Horizon Small/Mid Cap Core Equity ETF(SMOX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SMOX
10/28/2026: SMOX (2-star) is currently NOT-A-BUY. Pass it for now.
The Horizon Small/Mid Cap Core Equity ETF (SMOX) provides actively managed exposure to U.S. small and mid-cap companies. Unlike passive index funds, it utilizes an active strategy designed to identify high-quality businesses while managing valuation risks. Its primary strength lies in its research-driven approach, though investors should be mindful of its higher expense ratio and the inherent volatility of the small/mid-cap space. It is best suited for long-term investors looking to complement a core portfolio with active exposure to smaller firms, provided they can monitor the fund's relative performance and the macro risks facing smaller companies.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The focus on small and mid-cap companies aligns well with investors seeking capital appreciation. |
| Momentum investor | Mixed fit | While the fund holds growth-oriented companies, it is not specifically structured to track momentum factors. |
| Value investor | Strong fit | The active, research-driven selection process often favors undervalued companies with strong business models. |
| Dividend/Income investor | Weak fit | The primary objective is capital appreciation rather than generating consistent dividend income. |
| Low-risk investor | Weak fit | Small and mid-cap stocks generally carry higher volatility and risk than large-cap or fixed-income assets. |
Investor Profile
Ideal Investor Profile
An investor seeking long-term capital appreciation and believing that active, research-based security selection can add value over time in the small and mid-cap market.
Suitability
Best suited for long-term investors comfortable with the higher risk and volatility associated with small and mid-cap equities.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small-cap stocks historically experience wider price fluctuations than broader market indices. |
| Market risk | Medium / high | The fund is subject to general equity market downturns which disproportionately affect smaller companies. |
| Concentration | Medium | As an active fund, concentration in specific sectors or holdings may lead to idiosyncratic performance risks. |
| Tracking/expense | Medium | The higher expense ratio requires the manager to outperform the market consistently to provide net value. |
| Liquidity | Medium | Smaller-cap holdings may have lower trading volumes, affecting the fund's ability to enter or exit positions. |
| Business/sector quality | Medium | Small-cap companies are often more susceptible to business failures or sector-specific economic pressures. |
Risk Analysis
Volatility
The fund exhibits higher historical volatility than large-cap indices due to the inherent nature of the small and mid-cap equity universe.
Market Risk
The fund is heavily influenced by the performance of the US economy, particularly the business cycles affecting smaller, less diversified firms.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | U.S. Small-Cap Equities | 60 | Provides exposure to companies with high growth potential that are often overlooked by larger institutional investors. |
| Market capitalization | U.S. Mid-Cap Equities | 35 | Balances growth potential with the stability of more established, mid-sized companies. |
| Cash/collateral | Cash and Equivalents | 5 | Maintains liquidity for operational needs and tactical investment opportunities. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 6.65% | Avg. Invested days 101 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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