HGRO vs. SGRT
HGRO (Hedgeye Quality Growth ETF) and SGRT (SMART Earnings Growth ETF) are both exchange-traded funds - HGRO is a Quality Factor fund actively managed by Hedgeye, while SGRT is a Large Cap Growth Equities fund. Both are actively managed. Their 0.78 correlation means they have sometimes moved together and sometimes differently. HGRO charges 0.70%/yr vs 0.59%/yr for SGRT.
Performance
HGRO vs. SGRT - 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 SGRT's 27.55% return.
HGRO
- 1D
- 0.86%
- 1M
- -1.29%
- 6M
- 3.85%
- YTD
- 7.49%
- 1Y
- 17.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.93%
SGRT
- 1D
- 1.98%
- 1M
- -5.20%
- 6M
- 20.29%
- YTD
- 27.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.36M | $1.39M | $1.92M | |
| $1.04M | $1.25M | $2.19M |
HGRO vs. SGRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HGRO Hedgeye Quality Growth ETF | 7.49% | 7.64% |
SGRT SMART Earnings Growth ETF | 27.55% | 26.83% |
Correlation
The correlation between HGRO and SGRT is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.78 |
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Return for Risk
HGRO vs. SGRT — Risk / Return Rank
HGRO
SGRT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HGRO vs. SGRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hedgeye Quality Growth ETF (HGRO) and SMART Earnings Growth ETF (SGRT). 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 | SGRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | — | — |
| Martin ratioReturn relative to average drawdown | 6.60 | — | — |
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Drawdowns
HGRO vs. SGRT - Drawdown Comparison
The maximum HGRO drawdown since its inception was -7.61%, smaller than the maximum SGRT drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for HGRO and SGRT.
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Drawdown Indicators
| HGRO | SGRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.61% | -24.98% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | — | — |
Current DrawdownCurrent decline from peak | -3.99% | -16.99% | +13.00% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -4.30% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | — | — |
Volatility
HGRO vs. SGRT - Volatility Comparison
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Volatility by Period
| HGRO | SGRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 38.89% | -24.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 38.89% | -25.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 38.89% | -25.20% |
HGRO vs. SGRT - Expense Ratio Comparison
HGRO has a 0.70% expense ratio, which is higher than SGRT's 0.59% expense ratio.
Dividends
HGRO vs. SGRT - Dividend Comparison
HGRO's dividend yield for the trailing twelve months is around 0.07%, less than SGRT's 0.13% yield.
| Position | TTM | 2025 |
|---|---|---|
HGRO Hedgeye Quality Growth ETF | 0.07% | 0.08% |
SGRT SMART Earnings Growth ETF | 0.13% | 0.16% |
Frequently Asked Questions
HGRO and SGRT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGRT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGRT is cheaper with a 0.59% expense ratio, compared with 0.70% for HGRO.
SGRT has the higher dividend yield at 0.13%, compared with 0.07% for HGRO.
HGRO is categorized as Quality Factor, while SGRT is Large Cap Growth Equities. Their fees differ too: 0.70% for HGRO and 0.59% for SGRT.
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