HQGO vs. FDRR

Last updated Jun 14, 2026

HQGO (Hartford US Quality Growth ETF) and FDRR (Fidelity Dividend ETF for Rising Rates) are both Large Cap Growth Equities funds - HQGO tracks the Hartford US Quality Growth Index - Benchmark TR Gross while FDRR tracks the Fidelity Dividend Index for Rising Rates. Both are passively managed. Over the past year, HQGO returned 23.24% vs 29.15% for FDRR. Their correlation of 0.86 suggests significant overlap in exposure. HQGO charges 0.34%/yr vs 0.29%/yr for FDRR.

Performance

HQGO vs. FDRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford US Quality Growth ETF (HQGO) and Fidelity Dividend ETF for Rising Rates (FDRR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HQGO achieves a 7.32% return, which is significantly lower than FDRR's 8.83% return.

HQGO

• 1D: 0.30%
• 1M: -0.06%
• YTD: 7.32%
• 6M: 7.12%
• 1Y: 23.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDRR

• 1D: 0.54%
• 1M: 1.36%
• YTD: 8.83%
• 6M: 8.62%
• 1Y: 29.15%
• 3Y*: 19.96%
• 5Y*: 12.08%
• 10Y*: —

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

HQGO vs. FDRR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HQGO Hartford US Quality Growth ETF	7.32%	15.15%	25.09%	5.10%
FDRR Fidelity Dividend ETF for Rising Rates	8.83%	21.70%	20.24%	4.80%

Correlation

The correlation between HQGO and FDRR is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.86

The correlation between HQGO and FDRR has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

HQGO vs. FDRR - Sectors Allocation Comparison

Sectors	HQGO	FDRR
Technology	42.1%	38.2%
Consumer Cyclical	13.5%	8.2%
Communication Services	13.1%	10.1%
Healthcare	9.2%	9.3%
Industrials	6.1%	8.3%
Financial Services	6.0%	11.3%
Consumer Defensive	3.9%	4.5%
Energy	3.6%	3.2%
Basic Materials	1.8%	2.0%
Real Estate	0.6%	2.8%
Utilities	0.1%	2.1%

Return for Risk

HQGO vs. FDRR — Risk / Return Rank

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

HQGO

HQGO Risk / Return Rank: 50
HQGO Sharpe Ratio Rank: 50
HQGO Sortino Ratio Rank: 48
HQGO Omega Ratio Rank: 48
HQGO Calmar Ratio Rank: 47
HQGO Martin Ratio Rank: 54

FDRR

FDRR Risk / Return Rank: 82
FDRR Sharpe Ratio Rank: 87
FDRR Sortino Ratio Rank: 86
FDRR Omega Ratio Rank: 85
FDRR Calmar Ratio Rank: 73
FDRR Martin Ratio Rank: 80

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. FDRR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford US Quality Growth ETF (HQGO) and Fidelity Dividend ETF for Rising Rates (FDRR). 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	FDRR	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.46	-0.89
Sortino ratio: Return per unit of downside risk	2.17	3.41	-1.24
Omega ratio: Gain probability vs. loss probability	1.28	1.44	-0.17
Calmar ratio: Return relative to maximum drawdown	2.08	3.25	-1.18
Martin ratio: Return relative to average drawdown	8.37	13.56	-5.19

HQGO vs. FDRR - Sharpe Ratio Comparison

The current HQGO Sharpe Ratio is 1.57, which is lower than the FDRR Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of HQGO and FDRR, 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. FDRR - Drawdown Comparison

The maximum HQGO drawdown since its inception was -20.85%, smaller than the maximum FDRR drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for HQGO and FDRR.

Drawdown Indicators

	HQGO	FDRR	Difference
Max Drawdown Largest peak-to-trough decline	-20.85%	-36.52%	+15.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-8.52%	-1.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.92%	—
Current Drawdown Current decline from peak	-3.41%	-2.21%	-1.20%
Average Drawdown Average peak-to-trough decline	-2.53%	-4.00%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.04%	+0.54%

Volatility

HQGO vs. FDRR - Volatility Comparison

Hartford US Quality Growth ETF (HQGO) has a higher volatility of 4.47% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 3.80%. This indicates that HQGO's price experiences larger fluctuations and is considered to be riskier than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQGO	FDRR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	3.80%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	8.68%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	11.28%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	15.03%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	16.87%	+0.18%

HQGO vs. FDRR - Expense Ratio Comparison

HQGO has a 0.34% expense ratio, which is higher than FDRR's 0.29% expense ratio.

Dividends

HQGO vs. FDRR - Dividend Comparison

HQGO's dividend yield for the trailing twelve months is around 0.47%, less than FDRR's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDRR Fidelity Dividend ETF for Rising Rates	2.12%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%
HQGO Hartford US Quality Growth ETF	0.47%	0.51%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HQGO and FDRR in my portfolio?

HQGO and FDRR have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HQGO or FDRR?

HQGO has higher volatility (4.47%) compared to FDRR (3.80%). In terms of maximum drawdown, HQGO dropped -20.85% vs FDRR's -36.52%.

Which ETF is better, HQGO or FDRR?

On 1-year performance, FDRR leads with 29.15% vs 23.24% for HQGO. On fees, FDRR is cheaper at 0.29% per year. On volatility, FDRR has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HQGO or FDRR?

Over the 1-year period, FDRR has performed better with a 29.15% return vs 23.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HQGO or FDRR?

FDRR is cheaper with a 0.29% expense ratio, compared with 0.34% for HQGO.

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

FDRR has the higher dividend yield at 2.12%, compared with 0.47% for HQGO.

What is the main difference between HQGO and FDRR?

HQGO tracks Hartford US Quality Growth Index - Benchmark TR Gross, while FDRR tracks Fidelity Dividend Index for Rising Rates. They also come from different issuers: Hartford and Fidelity. Their fees differ too: 0.34% for HQGO and 0.29% for FDRR.

Which has better risk-adjusted returns?

FDRR currently has the higher Sharpe Ratio (2.46 vs 1.57), 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.