HGIYX vs. QQQ
Compare and contrast key facts about Hartford Core Equity Fund (HGIYX) and Invesco QQQ (QQQ).
HGIYX is managed by Hartford. It was launched on Apr 30, 1998. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGIYX or QQQ.
Key characteristics
| HGIYX | QQQ | |
|---|---|---|
| YTD Return | 20.24% | 16.41% |
| 1Y Return | 29.22% | 26.86% |
| 3Y Return (Ann) | 8.31% | 8.93% |
| 5Y Return (Ann) | 13.72% | 20.65% |
| 10Y Return (Ann) | 12.65% | 17.94% |
| Sharpe Ratio | 2.23 | 1.57 |
| Daily Std Dev | 12.39% | 17.78% |
| Max Drawdown | -51.89% | -82.98% |
| Current Drawdown | -0.48% | -5.49% |
Correlation
The correlation between HGIYX and QQQ is 0.86, 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. QQQ - Performance Comparison
In the year-to-date period, HGIYX achieves a 20.24% return, which is significantly higher than QQQ's 16.41% return. Over the past 10 years, HGIYX has underperformed QQQ with an annualized return of 12.65%, while QQQ has yielded a comparatively higher 17.94% annualized return. 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. QQQ - Expense Ratio Comparison
HGIYX has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
HGIYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund (HGIYX) and Invesco QQQ (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.
Dividends
HGIYX vs. QQQ - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 2.48%, more than QQQ's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 2.48% | 2.99% | 4.02% | 3.18% | 0.75% | 2.65% | 5.62% | 3.75% | 1.62% | 0.31% | 4.11% | 0.71% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
HGIYX vs. QQQ - Drawdown Comparison
The maximum HGIYX drawdown since its inception was -51.89%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for HGIYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
HGIYX vs. QQQ - Volatility Comparison
The current volatility for Hartford Core Equity Fund (HGIYX) is 3.93%, while Invesco QQQ (QQQ) has a volatility of 6.03%. This indicates that HGIYX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.