HGOIX vs. SPY
Compare and contrast key facts about The Hartford Growth Opportunities Fund Class I (HGOIX) and SPDR S&P 500 ETF (SPY).
HGOIX is managed by Hartford. It was launched on Feb 19, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGOIX or SPY.
Correlation
The correlation between HGOIX and SPY is 0.88, 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. SPY - Performance Comparison
Key characteristics
HGOIX:
0.13
SPY:
0.30
HGOIX:
0.37
SPY:
0.56
HGOIX:
1.05
SPY:
1.08
HGOIX:
0.14
SPY:
0.31
HGOIX:
0.50
SPY:
1.40
HGOIX:
7.13%
SPY:
4.18%
HGOIX:
26.71%
SPY:
19.64%
HGOIX:
-63.20%
SPY:
-55.19%
HGOIX:
-20.36%
SPY:
-13.86%
Returns By Period
In the year-to-date period, HGOIX achieves a -16.35% return, which is significantly lower than SPY's -9.91% return. Over the past 10 years, HGOIX has underperformed SPY with an annualized return of 2.95%, while SPY has yielded a comparatively higher 11.57% annualized return.
HGOIX
-16.35%
-6.12%
-11.30%
4.81%
6.13%
2.95%
SPY
-9.91%
-5.89%
-9.03%
6.50%
14.62%
11.57%
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HGOIX vs. SPY - Expense Ratio Comparison
HGOIX has a 0.82% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HGOIX vs. SPY — Risk-Adjusted Performance Rank
HGOIX
SPY
HGOIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Growth Opportunities Fund Class I (HGOIX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HGOIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HGOIX vs. SPY - Drawdown Comparison
The maximum HGOIX drawdown since its inception was -63.20%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HGOIX and SPY. For additional features, visit the drawdowns tool.
Volatility
HGOIX vs. SPY - Volatility Comparison
The Hartford Growth Opportunities Fund Class I (HGOIX) has a higher volatility of 15.96% compared to SPDR S&P 500 ETF (SPY) at 14.52%. This indicates that HGOIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.