HCOM vs PHDG

Quick Verdict

PHDG has a lower expense ratio. PHDG delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.

Lower Fees: PHDGHigher Returns: PHDGMore Diversified: PHDG

Side-by-Side Comparison

MetricHCOMPHDGWinner
Expense Ratio0.59%0.39%
AUM$9M$61M
Dividend Yield10.95%1.68%
Holdings55514
YTD Return+0.71%+13.02%
1Y Return-4.90%+18.49%
3Y Return (annualized)-6.95%+9.60%
5Y Return (annualized)-+4.75%
Volatility (annualized)14.7%9.9%
Max Drawdown-28.8%-23.6%
Fund FamilyHartford FundsInvesco (US)
CategoryCommodityEquity
InceptionSep 14, 2021Dec 5, 2012

HCOM vs PHDG Performance

Hartford Schroders Commodity Strategy ETF (HCOM) is a ETF from Hartford Funds and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year HCOM returned -4.90% while PHDG returned +18.49%. Year to date, HCOM is up 0.71% versus a gain of 13.02% for PHDG.

Over three years, HCOM compounded at -6.95% per year against +9.60% for PHDG. Across the full 4-year window we track, PHDG has the edge at +4.45% annualized vs +0.68%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

HCOM has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 9.9% for PHDG. 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 -28.8% for HCOM and -23.6% for PHDG. 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

HCOM charges 0.59% per year while PHDG charges 0.39%. On a $10,000 position that is $59 vs $39 annually, a gap of $20 per year that compounds over a long holding period. On income, HCOM currently yields 10.95% against 1.68% for PHDG.

Frequently Asked Questions

Which is cheaper, HCOM or PHDG?

HCOM has an expense ratio of 0.59% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $20 per year of difference.

Which performed better, HCOM or PHDG?

Over the past year HCOM returned -4.90% vs +18.49% for PHDG, so PHDG leads on 1-year performance. Over the longest common window we track (4 years), HCOM annualized +0.68% vs +4.45% for PHDG. Past performance does not guarantee future results.

Which is riskier, HCOM or PHDG?

HCOM has been the more volatile fund at 14.7% annualized versus 9.9% for PHDG. Worst drawdown: HCOM -28.8% vs PHDG -23.6%.

Should I hold both HCOM and PHDG?

HCOM and PHDG have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, HCOM or PHDG?

HCOM yields 10.95% while PHDG yields 1.68%, so HCOM currently pays the higher dividend yield.

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