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:
2.37
QQQM:
1.72
HGOIX:
3.01
QQQM:
2.28
HGOIX:
1.41
QQQM:
1.31
HGOIX:
1.36
QQQM:
2.27
HGOIX:
12.92
QQQM:
8.17
HGOIX:
3.69%
QQQM:
3.76%
HGOIX:
20.16%
QQQM:
17.85%
HGOIX:
-63.20%
QQQM:
-35.05%
HGOIX:
-0.91%
QQQM:
-1.35%
Returns By Period
In the year-to-date period, HGOIX achieves a 47.39% return, which is significantly higher than QQQM's 30.32% return.
HGOIX
47.39%
5.59%
15.84%
47.70%
10.24%
5.97%
QQQM
30.32%
4.97%
10.94%
30.72%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 0.58%.
| 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 | 0.58% | 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 6.00% compared to Invesco NASDAQ 100 ETF (QQQM) at 5.47%. 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.