HFGO vs. QQQ

Last updated Aug 2, 2026

HFGO (Hartford Large Cap Growth ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - HFGO is a Large Cap Growth Equities fund actively managed by Hartford, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. HFGO is actively managed, while QQQ is passively managed. Over the past 3 years, HFGO returned 20.80%/yr vs 22.29%/yr for QQQ. Their correlation of 0.94 means they have usually moved in the same direction. HFGO charges 0.60%/yr vs 0.18%/yr for QQQ.

Performance

HFGO vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, HFGO achieves a 2.93% return, which is significantly lower than QQQ's 12.26% return.

HFGO

• 1D: 1.63%
• 1M: -2.73%
• 6M: 6.04%
• YTD: 2.93%
• 1Y: 11.42%
• 3Y*: 20.80%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.46%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HFGO Hartford Large Cap Growth ETF	$525.26K	$766.79K	$1.10M
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

HFGO vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HFGO Hartford Large Cap Growth ETF	2.93%	15.52%	40.73%	42.45%	-36.69%	-6.95%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-32.58%	0.77%

Correlation

The correlation between HFGO and QQQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.94

The correlation between HFGO and QQQ has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

HFGO vs. QQQ - Sectors Allocation Comparison

Sectors	HFGO	QQQ
Technology	59.7%	60.9%
Communication Services	17.6%	13.1%
Consumer Cyclical	7.8%	10.7%
Healthcare	7.0%	3.6%
Industrials	4.0%	2.7%
Financial Services	2.1%	0.2%
Basic Materials	1.0%	1.0%
Consumer Defensive	0.5%	6.3%
Energy	0.5%	0.5%
Real Estate	-	0.1%
Utilities	-	1.1%

Return for Risk

HFGO vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HFGO

HFGO Risk / Return Rank: 21
HFGO Sharpe Ratio Rank: 22
HFGO Sortino Ratio Rank: 21
HFGO Omega Ratio Rank: 21
HFGO Calmar Ratio Rank: 20
HFGO Martin Ratio Rank: 21

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HFGO vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Large Cap Growth ETF (HFGO) and Invesco QQQ ETF (QQQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HFGO	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.16	-0.70
Sortino ratio: Return per unit of downside risk	0.77	1.65	-0.88
Omega ratio: Gain probability vs. loss probability	1.09	1.21	-0.11
Calmar ratio: Return relative to maximum drawdown	0.51	1.88	-1.37
Martin ratio: Return relative to average drawdown	1.47	6.00	-4.53

HFGO vs. QQQ - Sharpe Ratio Comparison

The current HFGO Sharpe Ratio is 0.46, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of HFGO and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HFGO vs. QQQ - Drawdown Comparison

The maximum HFGO drawdown since its inception was -44.64%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HFGO and QQQ.

Drawdown Indicators

	HFGO	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-44.64%	-82.97%	+38.33%
Max Drawdown (1Y) Largest decline over 1 year	-18.29%	-11.96%	-6.33%
Max Drawdown (3Y) Largest decline over 3 years	-25.19%	-22.77%	-2.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-9.00%	-7.69%	-1.31%
Average Drawdown Average peak-to-trough decline	-15.79%	-32.62%	+16.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	3.74%	+2.60%

Volatility

HFGO vs. QQQ - Volatility Comparison

Hartford Large Cap Growth ETF (HFGO) and Invesco QQQ ETF (QQQ) have volatilities of 7.06% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFGO	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.06%	6.87%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	16.08%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	20.40%	19.38%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.95%	22.90%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.95%	22.50%	+3.45%

HFGO vs. QQQ - Expense Ratio Comparison

HFGO has a 0.60% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

HFGO vs. QQQ - Dividend Comparison

HFGO has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFGO Hartford Large Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both HFGO and QQQ in my portfolio?

With a correlation of 0.93, HFGO and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HFGO or QQQ?

HFGO has higher volatility (7.06%) compared to QQQ (6.87%). In terms of maximum drawdown, HFGO dropped -44.64% vs QQQ's -82.97%.

Which ETF is better, HFGO or QQQ?

On 3-year performance, QQQ leads with 22.29% vs 20.80% for HFGO. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HFGO or QQQ?

Over the 3-year period, QQQ has performed better with a 22.29% return vs 20.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HFGO or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.60% for HFGO.

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

QQQ has the higher dividend yield at 0.44%, compared with 0.00% for HFGO.

What is the main difference between HFGO and QQQ?

HFGO is categorized as Large Cap Growth Equities, while QQQ is Nasdaq-100. They also come from different issuers: Hartford and Invesco. Their fees differ too: 0.60% for HFGO and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.16 vs 0.46), 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.