HQGO vs IVV
Hartford US Quality Growth ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HQGO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.34% | 0.03% | |
| AUM | $51M | $907.0B | |
| Dividend Yield | 0.46% | 1.10% | |
| Holdings | 164 | 508 | |
| YTD Return | +12.14% | +12.76% | |
| 1Y Return | +19.35% | +20.14% | |
| 3Y Return (annualized) | - | +21.69% | |
| 5Y Return (annualized) | - | +13.00% | |
| Volatility (annualized) | 12.9% | 15.1% | |
| Max Drawdown | -20.9% | -56.5% | |
| Fund Family | Hartford Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 5, 2023 | May 15, 2000 |
HQGO vs IVV Performance
Hartford US Quality Growth ETF (HQGO) is a ETF from Hartford Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HQGO returned +19.35% while IVV returned +20.14%. Year to date, HQGO is up 12.14% versus a gain of 12.76% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.9% for HQGO. 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 -20.9% for HQGO and -56.5% for IVV. 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HQGO charges 0.34% per year while IVV charges 0.03%. On a $10,000 position that is $34 vs $3 annually, a gap of $31 per year that compounds over a long holding period. On income, HQGO currently yields 0.46% against 1.10% for IVV.
Holdings Overlap
HQGO and IVV share 117 holdings out of 550 unique holdings combined, representing a 50.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, HQGO or IVV?
HQGO has an expense ratio of 0.34% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, HQGO or IVV?
Over the past year HQGO returned +19.35% vs +20.14% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), HQGO annualized +21.84% vs +6.99% for IVV. Past performance does not guarantee future results.
Which is riskier, HQGO or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.9% for HQGO. Worst drawdown: HQGO -20.9% vs IVV -56.5%.
Should I hold both HQGO and IVV?
HQGO and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between HQGO and IVV?
HQGO and IVV share 117 common holdings with a 50.4% weight overlap. Combined, they hold 550 unique securities.
Which pays a higher dividend, HQGO or IVV?
HQGO yields 0.46% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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