HFGO vs. NACP

Last updated Jun 4, 2026

HFGO (Hartford Large Cap Growth ETF) and NACP (Impact Shares NAACP Minority Empowerment ETF) are both Large Cap Growth Equities funds. HFGO is actively managed, while NACP is passively managed. Over the past 3 years, HFGO returned 26.77%/yr vs 27.18%/yr for NACP. Their correlation of 0.87 suggests significant overlap in exposure. HFGO charges 0.60%/yr vs 0.49%/yr for NACP.

Performance

HFGO vs. NACP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Large Cap Growth ETF (HFGO) and Impact Shares NAACP Minority Empowerment ETF (NACP). 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 lower than NACP's 22.18% return.

HFGO

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

NACP

• 1D: -0.13%
• 1M: 9.92%
• YTD: 22.18%
• 6M: 20.98%
• 1Y: 43.81%
• 3Y*: 27.18%
• 5Y*: 15.98%
• 10Y*: —

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

HFGO vs. NACP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HFGO Hartford Large Cap Growth ETF	11.58%	15.52%	40.73%	42.45%	-36.69%	-5.15%
NACP Impact Shares NAACP Minority Empowerment ETF	22.18%	21.38%	23.93%	29.69%	-23.05%	1.84%

Correlation

The correlation between HFGO and NACP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021	0.87

The correlation between HFGO and NACP shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

HFGO vs. NACP - Sectors Allocation Comparison

Sectors	HFGO	NACP
Technology	52.0%	35.8%
Communication Services	21.5%	9.8%
Consumer Cyclical	12.9%	11.1%
Healthcare	7.0%	9.2%
Industrials	3.1%	8.7%
Financial Services	2.3%	10.6%
Energy	0.6%	5.0%
Consumer Defensive	0.5%	3.6%
Basic Materials	-	1.5%
Real Estate	-	1.3%
Utilities	-	3.4%

Return for Risk

HFGO vs. NACP — 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

NACP

NACP Risk / Return Rank: 88
NACP Sharpe Ratio Rank: 90
NACP Sortino Ratio Rank: 89
NACP Omega Ratio Rank: 86
NACP Calmar Ratio Rank: 84
NACP Martin Ratio Rank: 89

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. NACP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Large Cap Growth ETF (HFGO) and Impact Shares NAACP Minority Empowerment ETF (NACP). 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	NACP	Difference
Sharpe ratio: Return per unit of total volatility	1.69	3.14	-1.45
Sortino ratio: Return per unit of downside risk	2.30	4.17	-1.87
Omega ratio: Gain probability vs. loss probability	1.29	1.54	-0.25
Calmar ratio: Return relative to maximum drawdown	1.66	4.56	-2.90
Martin ratio: Return relative to average drawdown	5.35	20.04	-14.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFGO vs. NACP - Sharpe Ratio Comparison

The current HFGO Sharpe Ratio is 1.69, which is lower than the NACP Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of HFGO and NACP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFGO	NACP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	3.14	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.93	-0.54

Drawdowns

HFGO vs. NACP - Drawdown Comparison

The maximum HFGO drawdown since its inception was -44.64%, which is greater than NACP's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for HFGO and NACP.

Drawdown Indicators

	HFGO	NACP	Difference
Max Drawdown Largest peak-to-trough decline	-44.64%	-30.96%	-13.68%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-9.65%	-8.64%
Max Drawdown (3Y) Largest decline over 3 years	-25.19%	-19.66%	-5.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-27.89%	—
Current Drawdown Current decline from peak	-1.36%	-0.13%	-1.23%
Average Drawdown Average peak-to-trough decline	-16.11%	-5.75%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	2.19%	+3.48%

Volatility

HFGO vs. NACP - Volatility Comparison

Hartford Large Cap Growth ETF (HFGO) has a higher volatility of 4.77% compared to Impact Shares NAACP Minority Empowerment ETF (NACP) at 4.44%. This indicates that HFGO's price experiences larger fluctuations and is considered to be riskier than NACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFGO	NACP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	4.44%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	11.13%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	18.01%	14.02%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.91%	17.47%	+8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	18.70%	+7.21%

HFGO vs. NACP - Expense Ratio Comparison

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

Dividends

HFGO vs. NACP - Dividend Comparison

HFGO has not paid dividends to shareholders, while NACP's dividend yield for the trailing twelve months is around 0.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HFGO Hartford Large Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NACP Impact Shares NAACP Minority Empowerment ETF	0.55%	0.62%	2.96%	1.28%	3.48%	3.06%	1.48%	1.22%	0.71%

Frequently Asked Questions

Can I hold both HFGO and NACP in my portfolio?

HFGO and NACP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFGO or NACP?

HFGO has higher volatility (4.77%) compared to NACP (4.44%). In terms of maximum drawdown, HFGO dropped -44.64% vs NACP's -30.96%.

Which ETF is better, HFGO or NACP?

On 3-year performance, NACP leads with 27.18% vs 26.77% for HFGO. On fees, NACP is cheaper at 0.49% per year. On volatility, NACP has been the lower-risk option at 4.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HFGO or NACP?

Over the 3-year period, NACP has performed better with a 27.18% return vs 26.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HFGO or NACP?

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

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

NACP has the higher dividend yield at 0.55%, compared with 0.00% for HFGO.

What is the main difference between HFGO and NACP?

They also come from different issuers: Hartford and Impact Shares. Their fees differ too: 0.60% for HFGO and 0.49% for NACP.

Which has better risk-adjusted returns?

NACP currently has the higher Sharpe Ratio (3.14 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.