HFGO vs. GQGU

Last updated Jun 4, 2026

HFGO (Hartford Large Cap Growth ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a correlation of -0.33, they often move in opposite directions. HFGO charges 0.60%/yr vs 0.49%/yr for GQGU.

Performance

HFGO vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Large Cap Growth ETF (HFGO) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFGO achieves a 11.58% return, which is significantly higher than GQGU's 6.60% return.

HFGO

• 1D: -1.26%
• 1M: 8.28%
• YTD: 11.58%
• 6M: 10.04%
• 1Y: 30.26%
• 3Y*: 26.77%
• 5Y*: —
• 10Y*: —

GQGU

• 1D: -1.06%
• 1M: -1.65%
• YTD: 6.60%
• 6M: 7.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFGO vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
HFGO Hartford Large Cap Growth ETF	11.58%	8.99%
GQGU GQG US Equity ETF	6.60%	-1.14%

Correlation

The correlation between HFGO and GQGU is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.33

Return for Risk

HFGO vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFGO

HFGO Risk / Return Rank: 42
HFGO Sharpe Ratio Rank: 49
HFGO Sortino Ratio Rank: 46
HFGO Omega Ratio Rank: 46
HFGO Calmar Ratio Rank: 34
HFGO Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFGO vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Large Cap Growth ETF (HFGO) and GQG US Equity ETF (GQGU). 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.

	HFGO	GQGU	Difference
Sharpe ratio: Return per unit of total volatility	1.69	—	—
Sortino ratio: Return per unit of downside risk	2.30	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	1.66	—	—
Martin ratio: Return relative to average drawdown	5.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HFGO	GQGU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.60	-0.21

Drawdowns

HFGO vs. GQGU - Drawdown Comparison

The maximum HFGO drawdown since its inception was -44.64%, which is greater than GQGU's maximum drawdown of -6.65%. Use the drawdown chart below to compare losses from any high point for HFGO and GQGU.

Drawdown Indicators

	HFGO	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-44.64%	-6.65%	-37.99%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.19%	—	—
Current Drawdown Current decline from peak	-1.36%	-4.66%	+3.30%
Average Drawdown Average peak-to-trough decline	-16.11%	-2.54%	-13.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	—	—

Volatility

Volatility by Period

	HFGO	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.01%	10.14%	+7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	10.14%	+15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	10.14%	+15.77%

HFGO vs. GQGU - Expense Ratio Comparison

HFGO has a 0.60% expense ratio, which is higher than GQGU's 0.49% expense ratio.

Dividends

HFGO vs. GQGU - Dividend Comparison

HFGO has not paid dividends to shareholders, while GQGU's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025
GQGU GQG US Equity ETF	0.96%	1.02%
HFGO Hartford Large Cap Growth ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HFGO and GQGU in my portfolio?

HFGO and GQGU have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HFGO or GQGU?

On fees, GQGU is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFGO or GQGU?

GQGU is cheaper with a 0.49% expense ratio, compared with 0.60% for HFGO.

Which ETF pays a higher dividend yield, HFGO or GQGU?

GQGU has the higher dividend yield at 0.96%, compared with 0.00% for HFGO.

What is the main difference between HFGO and GQGU?

They also come from different issuers: Hartford and GQG Partners. Their fees differ too: 0.60% for HFGO and 0.49% for GQGU.