HGRO vs VOO
Hedgeye Quality Growth ETF vs Vanguard S&P 500 ETF
Which is better, HGRO or VOO?
Large Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 54.4%.
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 | HGRO | VOO |
|---|---|---|
| Expense Ratio | 0.70% | 0.03%Best |
| AUM | $116M | $1.0T |
| Dividend Yield | 0.07% | 1.04% |
| Holdings | 97 | 506 |
| YTD Return | +6.17% | +12.75%Best |
| 1Y Return | +9.64% | +15.60%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.55% |
| Volatility (annualized) | 10.1%Best | 11.6% |
| Max Drawdown | -7.6%Best | -8.9% |
| $10,000 over 1.3 years | $12,079 | $12,911Best |
| Top 10 Weight | 54.4% | 37.6%Best |
| Fund Family | Hedgeye Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Jun 10, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jun 11, 2025 to Oct 1, 2026 (1.3 years).
HGRO vs VOO 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 1.3 years both funds cover.
HGRO vs VOO Performance
Hedgeye Quality Growth ETF (HGRO) is an ETF from Hedgeye Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HGRO returned +9.64% while VOO returned +15.60%. Year to date, HGRO is up 6.17% versus a gain of 12.75% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 11.6% compared with 10.1% for HGRO. 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 -7.6% for HGRO and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HGRO charges 0.70% per year while VOO charges 0.03%. On a $10,000 position that is $70 vs $3 annually, a gap of $67 per year that compounds over a long holding period. On income, HGRO currently yields 0.07% against 1.04% for VOO.
Holdings Overlap
72.4% of HGRO's money is in holdings VOO also owns. 38.1% of VOO's money is in holdings HGRO also owns.
Most of HGRO is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 46 days apart, HGRO as of Sep 15, 2026 and VOO as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
35 positions in common, counted across the 50 positions we hold weights for in HGRO and 494 in VOO, against full books of 97 and 506.
What only one of them owns
Our book lists 452 positions for VOO that do not appear in our book for HGRO (61.1% of the fund), and 14 for HGRO that do not appear in VOO (27.4%).
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 HGRO | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.62% | 7.55% | 0.07% |
| AAPLApple, Inc | 8.07% | 7.05% | 1.02% |
| MSFTMicrosoft Corp | 7.36% | 5.36% | 2.00% |
| AMZNAmazon.Com Inc | 4.49% | 4.13% | 0.36% |
| METAMeta Platforms Inc | 3.22% | 1.90% | 1.32% |
| JPMJpmorgan Chase | 2.99% | 1.46% | 1.53% |
| VVisa Inc Class A | 2.77% | 0.93% | 1.84% |
| JNJJohnson & Johnson - Common | 2.41% | 0.96% | 1.45% |
| MUMicron Technology, Inc. | 1.66% | 1.44% | 0.22% |
| KOCoca Cola Co. | 2.37% | 0.53% | 1.84% |
72.4% of HGRO is already inside VOO.
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, HGRO or VOO?
HGRO has an expense ratio of 0.70% while VOO charges 0.03%. VOO is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, HGRO or VOO?
Over the past year HGRO returned +9.64% vs +15.60% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), HGRO annualized +15.64% vs +21.72% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HGRO or VOO?
VOO has been the more volatile fund at 11.6% annualized versus 10.1% for HGRO. Worst drawdown: HGRO -7.6% vs VOO -8.9%.
Should I hold both HGRO and VOO?
HGRO and VOO have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between HGRO and VOO?
72.4% of HGRO's money is in holdings VOO also owns. 38.1% of VOO's is in holdings HGRO also owns. They hold 35 positions in common, counted across the 50 positions we hold weights for in HGRO and 494 in VOO.
Which pays a higher dividend, HGRO or VOO?
HGRO yields 0.07% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than HGRO?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 54.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.