HGOIX vs. QQQM
Compare and contrast key facts about The Hartford Growth Opportunities Fund Class I (HGOIX) and Invesco NASDAQ 100 ETF (QQQM).
HGOIX is managed by Hartford. It was launched on Feb 19, 2002. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGOIX or QQQM.
Performance
HGOIX vs. QQQM - Performance Comparison
Returns By Period
In the year-to-date period, HGOIX achieves a 39.59% return, which is significantly higher than QQQM's 24.15% return.
HGOIX
39.59%
4.81%
15.53%
46.82%
8.54%
3.37%
QQQM
24.15%
3.56%
10.80%
30.67%
N/A
N/A
Key characteristics
| HGOIX | QQQM | |
|---|---|---|
| Sharpe Ratio | 2.39 | 1.77 |
| Sortino Ratio | 3.06 | 2.36 |
| Omega Ratio | 1.42 | 1.32 |
| Calmar Ratio | 1.28 | 2.26 |
| Martin Ratio | 12.77 | 8.23 |
| Ulcer Index | 3.67% | 3.73% |
| Daily Std Dev | 19.62% | 17.33% |
| Max Drawdown | -63.20% | -35.05% |
| Current Drawdown | -6.15% | -1.63% |
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HGOIX vs. QQQM - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Correlation
The correlation between HGOIX and QQQM is 0.93, 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.
Risk-Adjusted Performance
HGOIX vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Growth Opportunities Fund Class I (HGOIX) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
HGOIX has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HGOIX The Hartford Growth Opportunities Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% |
QQQM Invesco NASDAQ 100 ETF | 0.65% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HGOIX vs. QQQM - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -63.20%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for HGOIX and QQQM. For additional features, visit the drawdowns tool.
Volatility
HGOIX vs. QQQM - Volatility Comparison
The Hartford Growth Opportunities Fund Class I (HGOIX) and Invesco NASDAQ 100 ETF (QQQM) have volatilities of 5.43% and 5.36%, 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.