HGOIX vs. IYW
Compare and contrast key facts about The Hartford Growth Opportunities Fund Class I (HGOIX) and iShares U.S. Technology ETF (IYW).
HGOIX is managed by Hartford. It was launched on Feb 19, 2002. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGOIX or IYW.
Key characteristics
| HGOIX | IYW | |
|---|---|---|
| YTD Return | 25.79% | 18.61% |
| 1Y Return | 39.51% | 34.79% |
| 3Y Return (Ann) | 2.14% | 11.52% |
| 5Y Return (Ann) | 15.64% | 23.83% |
| 10Y Return (Ann) | 13.21% | 19.92% |
| Sharpe Ratio | 1.92 | 1.64 |
| Daily Std Dev | 20.27% | 21.13% |
| Max Drawdown | -58.18% | -81.89% |
| Current Drawdown | -5.06% | -8.38% |
Correlation
The correlation between HGOIX and IYW is 0.89, 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
HGOIX vs. IYW - Performance Comparison
In the year-to-date period, HGOIX achieves a 25.79% return, which is significantly higher than IYW's 18.61% return. Over the past 10 years, HGOIX has underperformed IYW with an annualized return of 13.21%, while IYW has yielded a comparatively higher 19.92% 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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HGOIX vs. IYW - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
HGOIX vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Growth Opportunities Fund Class I (HGOIX) and iShares U.S. Technology ETF (IYW). 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
HGOIX vs. IYW - Dividend Comparison
HGOIX has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGOIX The Hartford Growth Opportunities Fund Class I | 0.00% | 0.00% | 0.00% | 22.80% | 13.21% | 6.01% | 30.76% | 8.69% | 3.76% | 0.15% | 20.22% | 3.72% |
IYW iShares U.S. Technology ETF | 0.33% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
HGOIX vs. IYW - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -58.18%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for HGOIX and IYW. For additional features, visit the drawdowns tool.
Volatility
HGOIX vs. IYW - Volatility Comparison
The Hartford Growth Opportunities Fund Class I (HGOIX) and iShares U.S. Technology ETF (IYW) have volatilities of 6.66% and 6.97%, 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.