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Hedgeye Quality Growth ETF (HGRO) Sharpe Ratio: 1.71

ETF · Currency in USD · Last updated Jun 14, 2026

The Hedgeye Quality Growth ETF is an actively managed equity fund seeking long-term capital appreciation through a concentrated portfolio primarily composed of large-cap companies. The strategy combines bottom-up research, macro and thematic analysis, and conviction-based portfolio construction to identify durable compounders, innovative growth businesses, and special situations.

HGRO's Sharpe Ratio of 1.71 indicates that for each unit of volatility, it generates 1.71 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

HGRO Sharpe Ratio Rank

HGRO Sharpe Ratio Rank: 56.356
Average

HGRO ranks above 56.3% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

HGRO Sharpe Ratio Market Positioning

The chart shows HGRO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.80 or lower
  • Yellow zone (middle 50%): 0.80 to 2.14
  • Green zone (top 25%): 2.14 or higher
  • Top 1%: 7.47+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares Hedgeye Quality Growth ETF's Sharpe Ratio with other ETFs in the Large Cap Growth Equities category across multiple time periods, showing how HGRO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
DARPGrizzle Growth ETF2.88
NACPImpact Shares NAACP Minority Empowerment ETF2.67
VEGNUS Vegan Climate ETF2.57
HLALWahed FTSE USA Shariah ETF2.57
MFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF2.55
FMTMMarketDesk Focused U.S. Momentum ETF2.55
ROUSHartford Multifactor US Equity ETF2.51
FDRRFidelity Dividend ETF for Rising Rates2.46
BIBLInspire 100 ETF2.46
DLNWisdomTree US LargeCap Dividend ETF2.42
HGROHedgeye Quality Growth ETF1.71

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HGRO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HGRO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does HGRO fit in your portfolio?

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