HGIYX vs. CGDV
Compare and contrast key facts about Hartford Core Equity Fund (HGIYX) and Capital Group Dividend Value ETF (CGDV).
HGIYX is managed by Hartford. It was launched on Apr 30, 1998. CGDV is an actively managed fund by Capital Group. It was launched on Feb 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGIYX or CGDV.
Key characteristics
| HGIYX | CGDV | |
|---|---|---|
| YTD Return | 19.90% | 20.68% |
| 1Y Return | 29.05% | 33.27% |
| Sharpe Ratio | 2.32 | 2.77 |
| Daily Std Dev | 12.37% | 11.96% |
| Max Drawdown | -51.89% | -21.82% |
| Current Drawdown | -0.77% | -0.08% |
Correlation
The correlation between HGIYX and CGDV is 0.92, 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
HGIYX vs. CGDV - Performance Comparison
The year-to-date returns for both investments are quite close, with HGIYX having a 19.90% return and CGDV slightly higher at 20.68%. 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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HGIYX vs. CGDV - Expense Ratio Comparison
HGIYX has a 0.45% expense ratio, which is higher than CGDV's 0.33% expense ratio.
Risk-Adjusted Performance
HGIYX vs. CGDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund (HGIYX) and Capital Group Dividend Value ETF (CGDV). 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
HGIYX vs. CGDV - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 2.49%, more than CGDV's 1.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 2.49% | 2.99% | 4.02% | 3.18% | 0.75% | 2.65% | 5.62% | 3.75% | 1.62% | 0.31% | 4.11% | 0.71% |
CGDV Capital Group Dividend Value ETF | 1.43% | 1.65% | 1.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HGIYX vs. CGDV - Drawdown Comparison
The maximum HGIYX drawdown since its inception was -51.89%, which is greater than CGDV's maximum drawdown of -21.82%. Use the drawdown chart below to compare losses from any high point for HGIYX and CGDV. For additional features, visit the drawdowns tool.
Volatility
HGIYX vs. CGDV - Volatility Comparison
Hartford Core Equity Fund (HGIYX) has a higher volatility of 3.86% compared to Capital Group Dividend Value ETF (CGDV) at 3.34%. This indicates that HGIYX's price experiences larger fluctuations and is considered to be riskier than CGDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.