HGRO vs. MFUS
HGRO (Hedgeye Quality Growth ETF) and MFUS (PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF) are both exchange-traded funds - HGRO is a Quality Factor fund actively managed by Hedgeye, while MFUS is a Large Cap Growth Equities fund tracking the RAFI Dynamic Multi-Factor U.S. Index. HGRO is actively managed, while MFUS is passively managed. Over the past year, HGRO returned 17.25% vs 25.93% for MFUS. Their 0.76 correlation means they have sometimes moved together and sometimes differently. HGRO charges 0.70%/yr vs 0.30%/yr for MFUS.
Performance
HGRO vs. MFUS - Performance Comparison
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Returns By Period
In the year-to-date period, HGRO achieves a 7.49% return, which is significantly lower than MFUS's 16.56% return.
HGRO
- 1D
- 0.86%
- 1M
- -1.29%
- 6M
- 3.85%
- YTD
- 7.49%
- 1Y
- 17.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.93%
MFUS
- 1D
- 0.44%
- 1M
- -0.34%
- 6M
- 10.78%
- YTD
- 16.56%
- 1Y
- 25.93%
- 3Y*
- 19.97%
- 5Y*
- 13.05%
- 10Y*
- —
- ALL TIME*
- 13.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.36M | $1.39M | $1.92M | |
| $1.69M | $1.08M | $961.02K |
HGRO vs. MFUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HGRO Hedgeye Quality Growth ETF | 7.49% | 13.45% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 16.56% | 9.50% |
Correlation
The correlation between HGRO and MFUS is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.76 |
The correlation between HGRO and MFUS has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
HGRO vs. MFUS — Risk / Return Rank
HGRO
MFUS
HGRO vs. MFUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye Quality Growth ETF (HGRO) and PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS). 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 | MFUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.08 | -1.80 |
| Martin ratioReturn relative to average drawdown | 6.60 | 15.40 | -8.80 |
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Drawdowns
HGRO vs. MFUS - Drawdown Comparison
The maximum HGRO drawdown since its inception was -7.61%, smaller than the maximum MFUS drawdown of -35.21%. Use the drawdown chart below to compare losses from any high point for HGRO and MFUS.
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Drawdown Indicators
| HGRO | MFUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.61% | -35.21% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -6.39% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.22% | — |
Current DrawdownCurrent decline from peak | -3.99% | -2.18% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -3.95% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.69% | +0.93% |
Volatility
HGRO vs. MFUS - Volatility Comparison
Hedgeye Quality Growth ETF (HGRO) has a higher volatility of 4.10% compared to PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF (MFUS) at 2.92%. This indicates that HGRO's price experiences larger fluctuations and is considered to be riskier than MFUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGRO | MFUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.92% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 9.12% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 11.41% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 15.02% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 17.28% | -3.59% |
HGRO vs. MFUS - Expense Ratio Comparison
HGRO has a 0.70% expense ratio, which is higher than MFUS's 0.30% expense ratio.
Dividends
HGRO vs. MFUS - Dividend Comparison
HGRO's dividend yield for the trailing twelve months is around 0.07%, less than MFUS's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HGRO Hedgeye Quality Growth ETF | 0.07% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 1.37% | 1.54% | 1.45% | 1.96% | 2.07% | 1.35% | 1.72% | 1.89% | 1.69% | 1.01% |
Frequently Asked Questions
HGRO and MFUS 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.
HGRO has higher volatility (4.10%) compared to MFUS (2.92%). In terms of maximum drawdown, HGRO dropped -7.61% vs MFUS's -35.21%.
On 1-year performance, MFUS leads with 25.93% vs 17.25% for HGRO. On fees, MFUS is cheaper at 0.30% per year. On volatility, MFUS has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MFUS has performed better with a 25.93% return vs 17.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MFUS is cheaper with a 0.30% expense ratio, compared with 0.70% for HGRO.
MFUS has the higher dividend yield at 1.37%, compared with 0.07% for HGRO.
HGRO is categorized as Quality Factor, while MFUS is Large Cap Growth Equities. They also come from different issuers: Hedgeye and PIMCO. Their fees differ too: 0.70% for HGRO and 0.30% for MFUS.
MFUS currently has the higher Sharpe Ratio (2.29 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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