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.
Key characteristics
HGOIX | QQQM | |
---|---|---|
YTD Return | 25.81% | 15.99% |
1Y Return | 38.58% | 28.69% |
3Y Return (Ann) | 2.15% | 9.02% |
Sharpe Ratio | 1.78 | 1.49 |
Daily Std Dev | 20.31% | 17.71% |
Max Drawdown | -58.18% | -35.05% |
Current Drawdown | -5.04% | -5.90% |
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.
Performance
HGOIX vs. QQQM - Performance Comparison
In the year-to-date period, HGOIX achieves a 25.81% return, which is significantly higher than QQQM's 15.99% 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. QQQM - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than QQQM's 0.15% expense ratio.
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 0.66%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HGOIX vs. QQQM - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -58.18%, 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) has a higher volatility of 6.80% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.06%. This indicates that HGOIX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.