Correlation
The correlation between HLGE and VOO is 0.93, 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.
HLGE vs. VOO
Compare and contrast key facts about Hartford Longevity Economy ETF (HLGE) and Vanguard S&P 500 ETF (VOO).
HLGE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HLGE is a passively managed fund by The Hartford that tracks the performance of the Hartford Longevity Economy Index. It was launched on Mar 16, 2021. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both HLGE and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HLGE or VOO.
Performance
HLGE vs. VOO - Performance Comparison
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Key characteristics
HLGE:
0.40
VOO:
0.74
HLGE:
0.57
VOO:
1.04
HLGE:
1.08
VOO:
1.15
HLGE:
0.34
VOO:
0.68
HLGE:
1.13
VOO:
2.58
HLGE:
5.56%
VOO:
4.93%
HLGE:
18.29%
VOO:
19.54%
HLGE:
-23.94%
VOO:
-33.99%
HLGE:
-4.86%
VOO:
-3.55%
Returns By Period
In the year-to-date period, HLGE achieves a 0.81% return, which is significantly lower than VOO's 0.90% return.
HLGE
0.81%
6.21%
-4.11%
7.23%
9.90%
N/A
N/A
VOO
0.90%
6.28%
-1.46%
14.27%
14.31%
15.89%
12.81%
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HLGE vs. VOO - Expense Ratio Comparison
HLGE has a 0.44% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
HLGE vs. VOO — Risk-Adjusted Performance Rank
HLGE
VOO
HLGE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Longevity Economy ETF (HLGE) and Vanguard S&P 500 ETF (VOO). 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.
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Dividends
HLGE vs. VOO - Dividend Comparison
HLGE's dividend yield for the trailing twelve months is around 1.07%, less than VOO's 1.29% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLGE Hartford Longevity Economy ETF | 1.07% | 1.03% | 1.40% | 2.05% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
HLGE vs. VOO - Drawdown Comparison
The maximum HLGE drawdown since its inception was -23.94%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for HLGE and VOO.
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Volatility
HLGE vs. VOO - Volatility Comparison
Hartford Longevity Economy ETF (HLGE) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.77% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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