HCRB vs MGOV
Hartford Core Bond ETF vs First Trust Intermediate Government Opportunities ETF
Which is better, HCRB or MGOV?
Nearly the same fund. HCRB costs less.
HCRB has a lower expense ratio. MGOV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | HCRB | MGOV |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.50% |
| AUM | $437M | $97M |
| Dividend Yield | 4.22% | 5.00% |
| Holdings | 1,642 | 406 |
| YTD Return | -5.38% | -2.85%Best |
| 1Y Return | -5.81% | -3.14%Best |
| 3Y Return (annualized) | +3.63% | +4.89%Best |
| 5Y Return (annualized) | -1.26% | - |
| Volatility (annualized) | 6.0%Best | 6.7% |
| Max Drawdown | -7.3% | -6.3%Best |
| $10,000 over 3.2 years | $10,853 | $11,133Best |
| Fund Family | Hartford Funds | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Feb 19, 2020 | Aug 2, 2023 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 3, 2023 to Oct 14, 2026 (3.2 years).
HCRB vs MGOV 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 3.2 years both funds cover.
HCRB vs MGOV Performance
Hartford Core Bond ETF (HCRB) is an ETF from Hartford Funds and First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US). Over the past year HCRB returned -5.81% while MGOV returned -3.14%. Year to date, HCRB is down 5.38% versus a loss of 2.85% for MGOV.
Over three years, HCRB compounded at +3.63% per year against +4.89% for MGOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MGOV has been the more volatile fund, with annualized monthly volatility of 6.7% compared with 6.0% for HCRB. 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 -7.3% for HCRB and -6.3% for MGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HCRB charges 0.29% per year while MGOV charges 0.50%. On a $10,000 position that is $29 vs $50 annually, a gap of $21 per year that compounds over a long holding period. On income, HCRB currently yields 4.22% against 5.00% for MGOV.
Holdings Overlap
We hold position weights for 493 holdings in HCRB and 10 in MGOV, totalling 65.2% and 10.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 6 positions appear in both.
6 positions in common, counted across the 493 positions we hold weights for in HCRB and 10 in MGOV, against full books of 1,642 and 406.
Top Shared Holdings
| Stock | Weight in HCRB | Weight in MGOV | Difference |
|---|---|---|---|
| FNCL 6 10/11Fannie Mae Or Freddie Mac 6 | 1.69% | 1.33% | 0.36% |
| FNCL 3.5 10/11Fnma Tba 10/01/2049 | 1.07% | 0.10% | 0.97% |
| G2SF 5 9/11Government National Mortgage Association 09/20/2053 5 | 0.10% | 0.26% | 0.16% |
| G2SF 4.5 9/11Ginnie Mae 4.5 | -0.49% | 0.05% | 0.54% |
| FNCL 4 10/11Fannie Mae Or Freddie Mac 2168-10-10 | 0.38% | -1.37% | 1.75% |
| FNCL 4.5 10/11Fannie Mae Or Freddie Mac Tba 4.50% Due 04/01/2056 | -0.17% | -1.47% | 1.30% |
You are not choosing between two funds in isolation.
Whichever of HCRB and MGOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HCRB or MGOV?
HCRB has an expense ratio of 0.29% while MGOV charges 0.50%. HCRB is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, HCRB or MGOV?
Over the past year HCRB returned -5.81% vs -3.14% for MGOV, so MGOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCRB or MGOV?
MGOV has been the more volatile fund at 6.7% annualized versus 6.0% for HCRB. Worst drawdown: HCRB -7.3% vs MGOV -6.3%.
Should I hold both HCRB and MGOV?
HCRB and MGOV have a monthly-return correlation of 0.99, 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.
Which pays a higher dividend, HCRB or MGOV?
HCRB yields 4.22% while MGOV yields 5.00%, so MGOV currently pays the higher dividend yield.
Is MGOV better than HCRB?
HCRB has a lower expense ratio. MGOV led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.