HGOIX vs. LGLIX
Compare and contrast key facts about The Hartford Growth Opportunities Fund Class I (HGOIX) and Lord Abbett Growth Leaders Fund (LGLIX).
HGOIX is managed by Hartford. It was launched on Feb 19, 2002. LGLIX is managed by Lord Abbett. It was launched on Jun 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGOIX or LGLIX.
Key characteristics
| HGOIX | LGLIX | |
|---|---|---|
| YTD Return | 25.79% | 23.26% |
| 1Y Return | 39.51% | 36.65% |
| 3Y Return (Ann) | 2.14% | 0.04% |
| 5Y Return (Ann) | 15.64% | 16.14% |
| 10Y Return (Ann) | 13.21% | 14.34% |
| Sharpe Ratio | 1.92 | 1.60 |
| Daily Std Dev | 20.27% | 22.59% |
| Max Drawdown | -58.18% | -55.73% |
| Current Drawdown | -5.06% | -25.67% |
Correlation
The correlation between HGOIX and LGLIX is 0.95, 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. LGLIX - Performance Comparison
In the year-to-date period, HGOIX achieves a 25.79% return, which is significantly higher than LGLIX's 23.26% return. Over the past 10 years, HGOIX has underperformed LGLIX with an annualized return of 13.21%, while LGLIX has yielded a comparatively higher 14.34% 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. LGLIX - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than LGLIX's 0.64% expense ratio.
Risk-Adjusted Performance
HGOIX vs. LGLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Growth Opportunities Fund Class I (HGOIX) and Lord Abbett Growth Leaders Fund (LGLIX). 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. LGLIX - Dividend Comparison
Neither HGOIX nor LGLIX has paid dividends to shareholders.
| 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% |
LGLIX Lord Abbett Growth Leaders Fund | 0.00% | 0.00% | 0.00% | 23.83% | 9.27% | 9.03% | 19.82% | 6.46% | 0.00% | 4.84% | 5.82% | 6.37% |
Drawdowns
HGOIX vs. LGLIX - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -58.18%, roughly equal to the maximum LGLIX drawdown of -55.73%. Use the drawdown chart below to compare losses from any high point for HGOIX and LGLIX. For additional features, visit the drawdowns tool.
Volatility
HGOIX vs. LGLIX - Volatility Comparison
The current volatility for The Hartford Growth Opportunities Fund Class I (HGOIX) is 6.66%, while Lord Abbett Growth Leaders Fund (LGLIX) has a volatility of 7.28%. This indicates that HGOIX experiences smaller price fluctuations and is considered to be less risky than LGLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.