QGRO vs. ELFNX

Last updated Aug 2, 2026

QGRO (American Century U.S. Quality Growth ETF) and ELFNX (Elfun Trusts) are both funds - QGRO is a Quality Factor fund tracking the American Century U.S. Quality Growth Index, while ELFNX is a Large Cap Growth Equities fund managed by State Street. Over the past 5 years, QGRO returned 9.78%/yr vs 12.07%/yr for ELFNX. Their correlation of 0.87 means they have usually moved in the same direction. QGRO charges 0.29%/yr vs 0.18%/yr for ELFNX.

Performance

QGRO vs. ELFNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century U.S. Quality Growth ETF (QGRO) and Elfun Trusts (ELFNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QGRO

• 1D: 0.39%
• 1M: -1.57%
• 6M: 1.69%
• YTD: 0.00%
• 1Y: 6.45%
• 3Y*: 17.88%
• 5Y*: 9.78%
• 10Y*: —
• ALL TIME*: 14.70%

ELFNX

• 1D: 2.33%
• 1M: -0.01%
• 6M: 4.39%
• YTD: 5.44%
• 1Y: 14.45%
• 3Y*: 18.91%
• 5Y*: 12.07%
• 10Y*: 15.91%
• ALL TIME*: 11.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ELFNX Elfun Trusts	$0.00	$0.00	$0.00
QGRO American Century U.S. Quality Growth ETF	$8.21M	$8.51M	$14.19M

QGRO vs. ELFNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QGRO American Century U.S. Quality Growth ETF	0.00%	15.18%	31.42%	32.42%	-24.54%	24.57%	37.99%	35.09%	-16.08%
ELFNX Elfun Trusts	5.44%	16.64%	26.91%	34.50%	-19.91%	24.46%	25.18%	35.57%	-12.05%

Correlation

The correlation between QGRO and ELFNX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018	0.87

The correlation between QGRO and ELFNX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

QGRO vs. ELFNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QGRO

QGRO Risk / Return Rank: 17
QGRO Sharpe Ratio Rank: 18
QGRO Sortino Ratio Rank: 17
QGRO Omega Ratio Rank: 16
QGRO Calmar Ratio Rank: 17
QGRO Martin Ratio Rank: 19

ELFNX

ELFNX Risk / Return Rank: 27
ELFNX Sharpe Ratio Rank: 28
ELFNX Sortino Ratio Rank: 27
ELFNX Omega Ratio Rank: 27
ELFNX Calmar Ratio Rank: 24
ELFNX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QGRO vs. ELFNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century U.S. Quality Growth ETF (QGRO) and Elfun Trusts (ELFNX). 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.

	QGRO	ELFNX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.92	-0.62
Sortino ratio: Return per unit of downside risk	0.53	1.34	-0.81
Omega ratio: Gain probability vs. loss probability	1.06	1.17	-0.10
Calmar ratio: Return relative to maximum drawdown	0.36	1.10	-0.74
Martin ratio: Return relative to average drawdown	1.17	4.21	-3.04

QGRO vs. ELFNX - Sharpe Ratio Comparison

The current QGRO Sharpe Ratio is 0.30, which is lower than the ELFNX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of QGRO and ELFNX, 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

QGRO vs. ELFNX - Drawdown Comparison

The maximum QGRO drawdown since its inception was -32.56%, smaller than the maximum ELFNX drawdown of -50.28%. Use the drawdown chart below to compare losses from any high point for QGRO and ELFNX.

Drawdown Indicators

	QGRO	ELFNX	Difference
Max Drawdown Largest peak-to-trough decline	-32.56%	-50.28%	+17.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-11.40%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-19.58%	-4.24%
Max Drawdown (5Y) Largest decline over 5 years	-31.86%	-26.39%	-5.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.44%	—
Current Drawdown Current decline from peak	-3.32%	-2.18%	-1.14%
Average Drawdown Average peak-to-trough decline	-7.56%	-7.61%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	2.97%	+1.16%

Volatility

QGRO vs. ELFNX - Volatility Comparison

American Century U.S. Quality Growth ETF (QGRO) and Elfun Trusts (ELFNX) have volatilities of 4.10% and 4.06%, 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

	QGRO	ELFNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	4.06%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.90%	10.65%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	13.58%	+2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	18.01%	+3.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.83%	18.38%	+4.45%

QGRO vs. ELFNX - Expense Ratio Comparison

QGRO has a 0.29% expense ratio, which is higher than ELFNX's 0.18% expense ratio.

Dividends

QGRO vs. ELFNX - Dividend Comparison

QGRO's dividend yield for the trailing twelve months is around 0.19%, less than ELFNX's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELFNX Elfun Trusts	9.36%	9.87%	10.43%	2.90%	9.01%	11.62%	8.60%	9.39%	16.18%	10.80%	8.85%	8.22%
QGRO American Century U.S. Quality Growth ETF	0.19%	0.25%	0.25%	0.41%	0.46%	0.31%	0.22%	0.38%	0.13%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QGRO and ELFNX in my portfolio?

QGRO and ELFNX 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, QGRO or ELFNX?

QGRO has higher volatility (4.10%) compared to ELFNX (4.06%). In terms of maximum drawdown, QGRO dropped -32.56% vs ELFNX's -50.28%.

Which has better risk-adjusted returns?

ELFNX currently has the higher Sharpe Ratio (0.92 vs 0.30), 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.