HGOIX vs. SCHG
Compare and contrast key facts about The Hartford Growth Opportunities Fund Class I (HGOIX) and Schwab U.S. Large-Cap Growth ETF (SCHG).
HGOIX is managed by Hartford. It was launched on Feb 19, 2002. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGOIX or SCHG.
Key characteristics
| HGOIX | SCHG | |
|---|---|---|
| YTD Return | 25.79% | 22.17% |
| 1Y Return | 39.51% | 34.88% |
| 3Y Return (Ann) | 2.14% | 9.95% |
| 5Y Return (Ann) | 15.64% | 19.68% |
| 10Y Return (Ann) | 13.21% | 15.99% |
| Sharpe Ratio | 1.92 | 2.00 |
| Daily Std Dev | 20.27% | 17.31% |
| Max Drawdown | -58.18% | -34.59% |
| Current Drawdown | -5.06% | -4.31% |
Correlation
The correlation between HGOIX and SCHG is 0.94, 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. SCHG - Performance Comparison
In the year-to-date period, HGOIX achieves a 25.79% return, which is significantly higher than SCHG's 22.17% return. Over the past 10 years, HGOIX has underperformed SCHG with an annualized return of 13.21%, while SCHG has yielded a comparatively higher 15.99% 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. SCHG - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
HGOIX vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Growth Opportunities Fund Class I (HGOIX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
HGOIX has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.41%.
| 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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.41% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.27% | 1.22% | 1.09% | 1.07% |
Drawdowns
HGOIX vs. SCHG - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -58.18%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for HGOIX and SCHG. For additional features, visit the drawdowns tool.
Volatility
HGOIX vs. SCHG - Volatility Comparison
The Hartford Growth Opportunities Fund Class I (HGOIX) has a higher volatility of 6.66% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.46%. This indicates that HGOIX's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.