CGW vs HCOM
Invesco S&P Global Water Index ETF vs Hartford Schroders Commodity Strategy ETF
Quick Verdict
CGW has a lower expense ratio. CGW delivered stronger 1-year returns. CGW offers more diversification with 68 holdings.
Side-by-Side Comparison
| Metric | CGW | HCOM | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.59% | |
| AUM | $1.0B | $9M | |
| Dividend Yield | 1.52% | 10.95% | |
| Holdings | 82 | 55 | |
| YTD Return | +4.92% | +0.71% | |
| 1Y Return | +6.28% | -4.90% | |
| 3Y Return (annualized) | +10.58% | -6.95% | |
| 5Y Return (annualized) | +4.42% | - | |
| Volatility (annualized) | 17.3% | 14.7% | |
| Max Drawdown | -57.2% | -28.8% | |
| Fund Family | Invesco (US) | Hartford Funds | |
| Category | Equity | Commodity | |
| Inception | May 14, 2007 | Sep 14, 2021 |
CGW vs HCOM Performance
Invesco S&P Global Water Index ETF (CGW) is a ETF from Invesco (US) and Hartford Schroders Commodity Strategy ETF (HCOM) is a ETF from Hartford Funds. Over the past year CGW returned +6.28% while HCOM returned -4.90%. Year to date, CGW is up 4.92% versus a gain of 0.71% for HCOM.
Over three years, CGW compounded at +10.58% per year against -6.95% for HCOM. Across the full 4-year window we track, CGW has the edge at +7.34% annualized vs +0.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CGW has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 14.7% for HCOM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.2% for CGW and -28.8% for HCOM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.20. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CGW charges 0.58% per year while HCOM charges 0.59%. On a $10,000 position that is $58 vs $59 annually, a gap of $1 per year that compounds over a long holding period. On income, CGW currently yields 1.52% against 10.95% for HCOM.
Frequently Asked Questions
Which is cheaper, CGW or HCOM?
CGW has an expense ratio of 0.58% while HCOM charges 0.59%. CGW is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, CGW or HCOM?
Over the past year CGW returned +6.28% vs -4.90% for HCOM, so CGW leads on 1-year performance. Over the longest common window we track (4 years), CGW annualized +7.34% vs +0.68% for HCOM. Past performance does not guarantee future results.
Which is riskier, CGW or HCOM?
CGW has been the more volatile fund at 17.3% annualized versus 14.7% for HCOM. Worst drawdown: CGW -57.2% vs HCOM -28.8%.
Should I hold both CGW and HCOM?
CGW and HCOM have a monthly-return correlation of 0.20, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CGW or HCOM?
CGW yields 1.52% while HCOM yields 10.95%, so HCOM currently pays the higher dividend yield.
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