HGRO vs. LRNZ

Last updated Jul 15, 2026

HGRO (Hedgeye Quality Growth ETF) and LRNZ (TrueShares Technology, AI & Deep Learning ETF) are both Large Cap Growth Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. HGRO charges 0.70%/yr vs 0.68%/yr for LRNZ.

Performance

HGRO vs. LRNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Quality Growth ETF (HGRO) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HGRO

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

LRNZ

• 1D: 2.65%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HGRO vs. LRNZ - Yearly Performance Comparison

	2026 (YTD)
HGRO Hedgeye Quality Growth ETF	0.18%
LRNZ TrueShares Technology, AI & Deep Learning ETF	-0.44%

Correlation

The correlation between HGRO and LRNZ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2026	1.00

Return for Risk

HGRO vs. LRNZ — 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

LRNZ

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. LRNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Quality Growth ETF (HGRO) and TrueShares Technology, AI & Deep Learning ETF (LRNZ). 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	LRNZ	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. LRNZ - Drawdown Comparison

The maximum HGRO drawdown since its inception was -7.61%, which is greater than LRNZ's maximum drawdown of -3.01%. Use the drawdown chart below to compare losses from any high point for HGRO and LRNZ.

Drawdown Indicators

	HGRO	LRNZ	Difference
Max Drawdown Largest peak-to-trough decline	-7.61%	-3.01%	-4.60%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	—	—
Current Drawdown Current decline from peak	-2.30%	-0.44%	-1.86%
Average Drawdown Average peak-to-trough decline	-1.53%	-1.39%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	—	—

Volatility

Volatility by Period

	HGRO	LRNZ	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%	40.19%	-26.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	40.19%	-26.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.58%	40.19%	-26.61%

HGRO vs. LRNZ - Expense Ratio Comparison

HGRO has a 0.70% expense ratio, which is higher than LRNZ's 0.68% expense ratio.

Dividends

HGRO vs. LRNZ - Dividend Comparison

HGRO's dividend yield for the trailing twelve months is around 0.07%, while LRNZ has not paid dividends to shareholders.

Position	TTM	2025
HGRO Hedgeye Quality Growth ETF	0.07%	0.08%
LRNZ TrueShares Technology, AI & Deep Learning ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HGRO and LRNZ in my portfolio?

With a correlation of 1.00, HGRO and LRNZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HGRO or LRNZ?

On fees, LRNZ is cheaper at 0.68% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HGRO or LRNZ?

LRNZ is cheaper with a 0.68% expense ratio, compared with 0.70% for HGRO.

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

HGRO has the higher dividend yield at 0.07%, compared with 0.00% for LRNZ.

What is the main difference between HGRO and LRNZ?

They also come from different issuers: Hedgeye Asset Management and TrueMark Investments. Their fees differ too: 0.70% for HGRO and 0.68% for LRNZ.