HGRO vs. HYP

Last updated Jul 15, 2026

HGRO (Hedgeye Quality Growth ETF) and HYP (Golden Eagle Dynamic Hypergrowth ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. HGRO charges 0.70%/yr vs 0.85%/yr for HYP.

Performance

HGRO vs. HYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Quality Growth ETF (HGRO) and Golden Eagle Dynamic Hypergrowth ETF (HYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGRO achieves a 9.38% return, which is significantly lower than HYP's 22.25% return.

HGRO

• 1D: 0.80%
• 1M: 0.51%
• 6M: 6.22%
• YTD: 9.38%
• 1Y: 18.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HYP

• 1D: 2.59%
• 1M: -3.48%
• 6M: 8.46%
• YTD: 22.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HGRO vs. HYP - Yearly Performance Comparison

	2026 (YTD)	2025
HGRO Hedgeye Quality Growth ETF	9.38%	2.48%
HYP Golden Eagle Dynamic Hypergrowth ETF	22.25%	-6.61%

Correlation

The correlation between HGRO and HYP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 23, 2025	0.77

Return for Risk

HGRO vs. HYP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HGRO

HGRO Risk / Return Rank: 50
HGRO Sharpe Ratio Rank: 48
HGRO Sortino Ratio Rank: 44
HGRO Omega Ratio Rank: 45
HGRO Calmar Ratio Rank: 61
HGRO Martin Ratio Rank: 55

HYP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HGRO vs. HYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Quality Growth ETF (HGRO) and Golden Eagle Dynamic Hypergrowth ETF (HYP). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HGRO	HYP	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.84	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	2.44	—	—
Martin ratio: Return relative to average drawdown	7.62	—	—

Drawdowns

HGRO vs. HYP - Drawdown Comparison

The maximum HGRO drawdown since its inception was -7.61%, smaller than the maximum HYP drawdown of -19.58%. Use the drawdown chart below to compare losses from any high point for HGRO and HYP.

Drawdown Indicators

	HGRO	HYP	Difference
Max Drawdown Largest peak-to-trough decline	-7.61%	-19.58%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	—	—
Current Drawdown Current decline from peak	-2.30%	-10.44%	+8.14%
Average Drawdown Average peak-to-trough decline	-1.53%	-6.54%	+5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	—	—

Volatility

Volatility by Period

	HGRO	HYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	44.40%	-30.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	44.40%	-30.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.58%	44.40%	-30.82%

HGRO vs. HYP - Expense Ratio Comparison

HGRO has a 0.70% expense ratio, which is lower than HYP's 0.85% expense ratio.

Dividends

HGRO vs. HYP - Dividend Comparison

HGRO's dividend yield for the trailing twelve months is around 0.07%, less than HYP's 0.11% yield.

Position	TTM	2025
HGRO Hedgeye Quality Growth ETF	0.07%	0.08%
HYP Golden Eagle Dynamic Hypergrowth ETF	0.11%	0.14%

Frequently Asked Questions

Can I hold both HGRO and HYP in my portfolio?

HGRO and HYP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HGRO or HYP?

On fees, HGRO is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGRO or HYP?

HGRO is cheaper with a 0.70% expense ratio, compared with 0.85% for HYP.

Which ETF pays a higher dividend yield, HGRO or HYP?

HYP has the higher dividend yield at 0.11%, compared with 0.07% for HGRO.

What is the main difference between HGRO and HYP?

They also come from different issuers: Hedgeye Asset Management and Golden Eagle. Their fees differ too: 0.70% for HGRO and 0.85% for HYP.