HFGO vs NUGO
Hartford Large Cap Growth ETF vs Nuveen Growth Opportunities ETF
Which is better, HFGO or NUGO?
Nearly the same fund. NUGO costs less.
NUGO has a lower expense ratio. HFGO led over 3Y, NUGO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. HFGO is less concentrated, with 62.3% of the fund in its ten largest positions against 62.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HFGO | NUGO |
|---|---|---|
| Expense Ratio | 0.59% | 0.50%Best |
| AUM | $161M | $2.2B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 94 | 86 |
| YTD Return | -1.65% | +2.88%Best |
| 1Y Return | -3.91% | +0.83%Best |
| 3Y Return (annualized) | +20.30%Best | +19.84% |
| 5Y Return (annualized) | +6.41% | +9.40%Best |
| Volatility (annualized) | 22.5% | 19.5%Best |
| Max Drawdown | -44.6% | -38.0%Best |
| $10,000 over 5 years | $13,643 | $15,671Best |
| Top 10 Weight | 62.3%Best | 62.4% |
| Fund Family | Hartford Funds | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 9, 2021 | Sep 27, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2021 to Nov 11, 2026 (5 years).
HFGO vs NUGO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5 years both funds cover.
HFGO vs NUGO Performance
Hartford Large Cap Growth ETF (HFGO) is an ETF from Hartford Funds and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year HFGO returned -3.91% while NUGO returned +0.83%. Year to date, HFGO is down 1.65% versus a gain of 2.88% for NUGO.
Over three years, HFGO compounded at +20.30% per year against +19.84% for NUGO; over five years the annualized figures are +6.41% and +9.40% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFGO has been the more volatile fund, with annualized monthly volatility of 22.5% compared with 19.5% for NUGO. 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 -44.6% for HFGO and -38.0% for NUGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HFGO charges 0.59% per year while NUGO charges 0.50%. On a $10,000 position that is $59 vs $50 annually, a gap of $9 per year that compounds over a long holding period. On income, HFGO currently yields 0.00% against 0.00% for NUGO.
Holdings Overlap
67.6% of HFGO's money is in holdings NUGO also owns. 69.1% of NUGO's money is in holdings HFGO also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 45 positions we hold weights for in HFGO and 43 in NUGO, against full books of 94 and 86.
What only one of them owns
Our book lists 27 positions for NUGO that do not appear in our book for HFGO (30.9% of the fund), and 23 for HFGO that do not appear in NUGO (23.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HFGO | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.77% | 15.28% | 1.49% |
| GOOGLAlphabet Inc | 9.99% | 10.56% | 0.57% |
| MSFTMicrosoft Corp | 6.60% | 7.58% | 0.98% |
| AAPLApple Inc | 4.77% | 7.45% | 2.68% |
| AVGOBroadcom Inc | 5.17% | 6.00% | 0.83% |
| LLYEli Lilly & Co | 3.87% | 4.20% | 0.33% |
| METAMeta Platforms Inc | 5.17% | 2.17% | 3.00% |
| AMZNAmazon.Com Inc | 4.08% | 1.97% | 2.11% |
| ANETArista Networks, Inc | 2.83% | 2.22% | 0.61% |
| PLTRPalantir Technologies Inc. | 2.50% | 2.00% | 0.50% |
69.1% of NUGO is already inside HFGO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HFGO or NUGO?
HFGO has an expense ratio of 0.59% while NUGO charges 0.50%. NUGO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, HFGO or NUGO?
Over the past year HFGO returned -3.91% vs +0.83% for NUGO, so NUGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFGO or NUGO?
HFGO has been the more volatile fund at 22.5% annualized versus 19.5% for NUGO. Worst drawdown: HFGO -44.6% vs NUGO -38.0%.
Should I hold both HFGO and NUGO?
HFGO and NUGO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between HFGO and NUGO?
69.1% of NUGO's money is in holdings HFGO also owns. 69.1% of NUGO's is in holdings HFGO also owns. They hold 16 positions in common, counted across the 45 positions we hold weights for in HFGO and 43 in NUGO.
Which pays a higher dividend, HFGO or NUGO?
HFGO yields 0.00% while NUGO yields 0.00%, so NUGO currently pays the higher dividend yield.
Is NUGO better than HFGO?
NUGO has a lower expense ratio. HFGO led over 3Y, NUGO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. HFGO is less concentrated, with 62.3% of the fund in its ten largest positions against 62.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.