HQGO vs. QQQM
Compare and contrast key facts about Hartford US Quality Growth ETF (HQGO) and Invesco NASDAQ 100 ETF (QQQM).
HQGO and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HQGO is a passively managed fund by Hartford that tracks the performance of the Hartford US Quality Growth Index - Benchmark TR Gross. It was launched on Dec 5, 2023. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both HQGO and QQQM 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: HQGO or QQQM.
Key characteristics
| HQGO | QQQM | |
|---|---|---|
| YTD Return | 17.75% | 16.05% |
| Daily Std Dev | 14.22% | 17.67% |
| Max Drawdown | -9.05% | -35.05% |
| Current Drawdown | -0.88% | -5.85% |
Correlation
The correlation between HQGO and QQQM is 0.94, 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.
Performance
HQGO vs. QQQM - Performance Comparison
In the year-to-date period, HQGO achieves a 17.75% return, which is significantly higher than QQQM's 16.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HQGO vs. QQQM - Expense Ratio Comparison
HQGO has a 0.34% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
HQGO vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford US Quality Growth ETF (HQGO) and Invesco NASDAQ 100 ETF (QQQM). 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.
Not enough dataDividends
HQGO vs. QQQM - Dividend Comparison
HQGO's dividend yield for the trailing twelve months is around 0.26%, less than QQQM's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
HQGO Hartford US Quality Growth ETF | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.54% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
HQGO vs. QQQM - Drawdown Comparison
The maximum HQGO drawdown since its inception was -9.05%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for HQGO and QQQM. For additional features, visit the drawdowns tool.
Volatility
HQGO vs. QQQM - Volatility Comparison
The current volatility for Hartford US Quality Growth ETF (HQGO) is 4.40%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.06%. This indicates that HQGO experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.