HGRO vs VOO
Hedgeye Quality Growth ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HGRO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.03% | |
| AUM | $126M | $979.0B | |
| Dividend Yield | 0.07% | 1.09% | |
| Holdings | 54 | 509 | |
| YTD Return | +8.85% | +14.48% | |
| 1Y Return | +16.36% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 10.8% | 14.2% | |
| Max Drawdown | -7.6% | -34.3% | |
| Fund Family | Hedgeye Asset Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 10, 2025 | Sep 7, 2010 |
HGRO vs VOO Performance
Hedgeye Quality Growth ETF (HGRO) is a ETF from Hedgeye Asset Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HGRO returned +16.36% while VOO returned +22.02%. Year to date, HGRO is up 8.85% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 10.8% 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 -34.3% for VOO. 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 0.89. 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 1.09% for VOO.
Holdings Overlap
HGRO and VOO share 35 holdings out of 518 unique holdings combined, representing a 38.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $67 per year of difference.
Which performed better, HGRO or VOO?
Over the past year HGRO returned +16.36% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), HGRO annualized +20.11% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, HGRO or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 10.8% for HGRO. Worst drawdown: HGRO -7.6% vs VOO -34.3%.
Should I hold both HGRO and VOO?
HGRO and VOO have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HGRO and VOO?
HGRO and VOO share 35 common holdings with a 38.4% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, HGRO or VOO?
HGRO yields 0.07% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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