HEET vs. SPY
Compare and contrast key facts about Hartford Schroders ESG US Equity ETF (HEET) and SPDR S&P 500 ETF (SPY).
HEET and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEET is an actively managed fund by The Hartford. It was launched on Aug 10, 2021. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEET or SPY.
Key characteristics
| HEET | SPY |
|---|
Correlation
The correlation between HEET and SPY is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HEET vs. SPY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HEET vs. SPY - Expense Ratio Comparison
HEET has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HEET vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders ESG US Equity ETF (HEET) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
HEET vs. SPY - Dividend Comparison
HEET has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.29%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEET Hartford Schroders ESG US Equity ETF | 56.86% | 86.47% | 1.76% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.29% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HEET vs. SPY - Drawdown Comparison
Volatility
HEET vs. SPY - Volatility Comparison
The current volatility for Hartford Schroders ESG US Equity ETF (HEET) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.62%. This indicates that HEET experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.