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.
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
Key characteristics
HGOIX:
1.09
QQQM:
1.03
HGOIX:
1.51
QQQM:
1.44
HGOIX:
1.20
QQQM:
1.19
HGOIX:
0.84
QQQM:
1.37
HGOIX:
5.78
QQQM:
4.72
HGOIX:
3.84%
QQQM:
3.95%
HGOIX:
20.37%
QQQM:
18.15%
HGOIX:
-63.20%
QQQM:
-35.05%
HGOIX:
-6.12%
QQQM:
-4.60%
Returns By Period
In the year-to-date period, HGOIX achieves a -1.40% return, which is significantly lower than QQQM's 0.68% return.
HGOIX
-1.40%
-1.58%
11.65%
22.05%
9.81%
4.89%
QQQM
0.68%
0.08%
9.52%
18.38%
N/A
N/A
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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 Rank
HGOIX
QQQM
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 0.60%.
| TTM | 2024 | 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% | 0.00% | 0.15% |
QQQM Invesco NASDAQ 100 ETF | 0.60% | 0.61% | 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) has a higher volatility of 5.67% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.31%. 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.