HQGO vs. BBUS

Last updated Jun 26, 2026

HQGO (Hartford US Quality Growth ETF) and BBUS (JPMorgan BetaBuilders U.S. Equity ETF) are both exchange-traded funds - HQGO is a Large Cap Growth Equities fund tracking the Hartford US Quality Growth Index - Benchmark TR Gross, while BBUS is a Large Cap Blend Equities fund tracking the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past year, HQGO returned 19.84% vs 21.50% for BBUS. With a 0.97 correlation, they move nearly in lockstep. HQGO charges 0.34%/yr vs 0.02%/yr for BBUS.

Performance

HQGO vs. BBUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford US Quality Growth ETF (HQGO) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HQGO achieves a 6.07% return, which is significantly lower than BBUS's 7.66% return.

HQGO

• 1D: -0.21%
• 1M: -2.38%
• YTD: 6.07%
• 6M: 4.52%
• 1Y: 19.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBUS

• 1D: -0.02%
• 1M: -2.04%
• YTD: 7.66%
• 6M: 6.35%
• 1Y: 21.50%
• 3Y*: 20.89%
• 5Y*: 12.46%
• 10Y*: —

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

HQGO vs. BBUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HQGO Hartford US Quality Growth ETF	6.07%	15.15%	25.09%	5.10%
BBUS JPMorgan BetaBuilders U.S. Equity ETF	7.66%	17.77%	24.89%	4.64%

Correlation

The correlation between HQGO and BBUS is 0.96 - 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 (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.97

The correlation between HQGO and BBUS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

HQGO vs. BBUS - Sectors Allocation Comparison

Sectors	HQGO	BBUS
Technology	42.1%	38.1%
Consumer Cyclical	13.5%	9.1%
Communication Services	13.1%	10.0%
Healthcare	9.2%	8.0%
Industrials	6.1%	7.4%
Financial Services	6.0%	11.2%
Consumer Defensive	3.9%	4.4%
Energy	3.6%	3.0%
Basic Materials	1.8%	1.2%
Real Estate	0.6%	1.7%
Utilities	0.1%	2.6%

Return for Risk

HQGO vs. BBUS — Risk / Return Rank

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

HQGO

HQGO Risk / Return Rank: 45
HQGO Sharpe Ratio Rank: 46
HQGO Sortino Ratio Rank: 43
HQGO Omega Ratio Rank: 43
HQGO Calmar Ratio Rank: 42
HQGO Martin Ratio Rank: 50

BBUS

BBUS Risk / Return Rank: 59
BBUS Sharpe Ratio Rank: 60
BBUS Sortino Ratio Rank: 57
BBUS Omega Ratio Rank: 59
BBUS Calmar Ratio Rank: 55
BBUS Martin Ratio Rank: 65

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.

HQGO vs. BBUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford US Quality Growth ETF (HQGO) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS). 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.

	HQGO	BBUS	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.73	-0.29
Sortino ratio: Return per unit of downside risk	2.00	2.37	-0.37
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.06
Calmar ratio: Return relative to maximum drawdown	1.92	2.34	-0.43
Martin ratio: Return relative to average drawdown	7.51	10.25	-2.74

HQGO vs. BBUS - Sharpe Ratio Comparison

The current HQGO Sharpe Ratio is 1.44, which is comparable to the BBUS Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of HQGO and BBUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HQGO vs. BBUS - Drawdown Comparison

The maximum HQGO drawdown since its inception was -20.85%, smaller than the maximum BBUS drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for HQGO and BBUS.

Drawdown Indicators

	HQGO	BBUS	Difference
Max Drawdown Largest peak-to-trough decline	-20.85%	-35.35%	+14.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-9.21%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.46%	—
Current Drawdown Current decline from peak	-4.53%	-3.39%	-1.14%
Average Drawdown Average peak-to-trough decline	-2.54%	-5.43%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.10%	+0.55%

Volatility

HQGO vs. BBUS - Volatility Comparison

Hartford US Quality Growth ETF (HQGO) and JPMorgan BetaBuilders U.S. Equity ETF (BBUS) have volatilities of 5.05% 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.

Volatility by Period

	HQGO	BBUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	4.84%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	9.86%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	12.48%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	17.13%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	19.58%	-2.53%

HQGO vs. BBUS - Expense Ratio Comparison

HQGO has a 0.34% expense ratio, which is higher than BBUS's 0.02% expense ratio.

Dividends

HQGO vs. BBUS - Dividend Comparison

HQGO's dividend yield for the trailing twelve months is around 0.47%, less than BBUS's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BBUS JPMorgan BetaBuilders U.S. Equity ETF	1.03%	1.07%	1.21%	1.38%	1.57%	1.11%	1.43%	1.37%
HQGO Hartford US Quality Growth ETF	0.47%	0.51%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HQGO and BBUS in my portfolio?

With a correlation of 0.96, HQGO and BBUS 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 is riskier, HQGO or BBUS?

HQGO has higher volatility (5.05%) compared to BBUS (4.84%). In terms of maximum drawdown, HQGO dropped -20.85% vs BBUS's -35.35%.

Which ETF is better, HQGO or BBUS?

On 1-year performance, BBUS leads with 21.50% vs 19.84% for HQGO. On fees, BBUS is cheaper at 0.02% per year. On volatility, BBUS has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HQGO or BBUS?

Over the 1-year period, BBUS has performed better with a 21.50% return vs 19.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HQGO or BBUS?

BBUS is cheaper with a 0.02% expense ratio, compared with 0.34% for HQGO.

Which ETF pays a higher dividend yield, HQGO or BBUS?

BBUS has the higher dividend yield at 1.03%, compared with 0.47% for HQGO.

What is the main difference between HQGO and BBUS?

HQGO is categorized as Large Cap Growth Equities, while BBUS is Large Cap Blend Equities. HQGO tracks Hartford US Quality Growth Index - Benchmark TR Gross, while BBUS tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Hartford and JPMorgan. Their fees differ too: 0.34% for HQGO and 0.02% for BBUS.

Which has better risk-adjusted returns?

BBUS currently has the higher Sharpe Ratio (1.73 vs 1.44), 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.