HFGO vs NBGX
Hartford Large Cap Growth ETF vs Neuberger Berman Growth ETF
Which is better, HFGO or NBGX?
Nearly the same fund. NBGX costs less.
NBGX has a lower expense ratio. HFGO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. NBGX is less concentrated, with 52.8% of the fund in its ten largest positions against 61.2%.
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 | NBGX |
|---|---|---|
| Expense Ratio | 0.59% | 0.44%Best |
| AUM | $211M | $15M |
| Dividend Yield | 0.00% | 0.39% |
| Holdings | 48 | 112 |
| YTD Return | +12.07%Best | +9.97% |
| 1Y Return | +12.29%Best | +10.90% |
| 3Y Return (annualized) | +27.02% | - |
| 5Y Return (annualized) | +9.40% | - |
| Volatility (annualized) | 19.6% | 15.8%Best |
| Max Drawdown | -25.2% | -21.6%Best |
| $10,000 over 1.8 years | $12,907Best | $12,670 |
| Top 10 Weight | 61.2% | 52.8%Best |
| Fund Family | Hartford Funds | Neuberger Berman ETF Trust |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 9, 2021 | Dec 18, 2024 |
Volatility and max drawdown, and the $10,000 over 1.8 years row, are measured over the window both funds cover: Dec 19, 2024 to Oct 13, 2026 (1.8 years).
HFGO vs NBGX 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 1.8 years both funds cover.
HFGO vs NBGX Performance
Hartford Large Cap Growth ETF (HFGO) is an ETF from Hartford Funds and Neuberger Berman Growth ETF (NBGX) is an ETF from Neuberger Berman ETF Trust. Over the past year HFGO returned +12.29% while NBGX returned +10.90%. Year to date, HFGO is up 12.07% versus a gain of 9.97% for NBGX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFGO has been the more volatile fund, with annualized monthly volatility of 19.6% compared with 15.8% for NBGX. 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 -25.2% for HFGO and -21.6% for NBGX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
HFGO charges 0.59% per year while NBGX charges 0.44%. On a $10,000 position that is $59 vs $44 annually, a gap of $15 per year that compounds over a long holding period. On income, HFGO currently yields 0.00% against 0.39% for NBGX.
Holdings Overlap
67.3% of HFGO's money is in holdings NBGX also owns. 57.0% of NBGX's money is in holdings HFGO also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 46 positions we hold weights for in HFGO and 55 in NBGX, against full books of 48 and 112.
What only one of them owns
Our book lists 36 positions for NBGX that do not appear in our book for HFGO (34.4% of the fund), and 26 for HFGO that do not appear in NBGX (27.8%).
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 NBGX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.55% | 10.36% | 6.19% |
| GOOGLAlphabet Inc,class A | 9.88% | 8.85% | 1.03% |
| MSFTMicrosoft Corp | 5.33% | 5.26% | 0.07% |
| AVGOBroadcom Inc | 5.41% | 5.17% | 0.24% |
| METAMeta Platforms Inc | 4.54% | 5.77% | 1.23% |
| AAPLApple, Inc | 4.81% | 4.49% | 0.32% |
| AMZNAmazon.Com Inc | 4.50% | 4.10% | 0.40% |
| LLYEli Lilly & Co. | 3.82% | 2.86% | 0.96% |
| SNDKSandisk Corp/De | 3.49% | 1.61% | 1.88% |
| ASL:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 1.89% | 3.15% | 1.26% |
67.3% of HFGO is already inside NBGX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, HFGO or NBGX?
HFGO has an expense ratio of 0.59% while NBGX charges 0.44%. NBGX is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, HFGO or NBGX?
Over the past year HFGO returned +12.29% vs +10.90% for NBGX, so HFGO leads on 1-year performance. Over the longest common window we track (2 years), HFGO annualized +15.23% vs +14.05% for NBGX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFGO or NBGX?
HFGO has been the more volatile fund at 19.6% annualized versus 15.8% for NBGX. Worst drawdown: HFGO -25.2% vs NBGX -21.6%.
Should I hold both HFGO and NBGX?
HFGO and NBGX have a monthly-return correlation of 0.97, 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 NBGX?
67.3% of HFGO's money is in holdings NBGX also owns. 57.0% of NBGX's is in holdings HFGO also owns. They hold 16 positions in common, counted across the 46 positions we hold weights for in HFGO and 55 in NBGX.
Which pays a higher dividend, HFGO or NBGX?
HFGO yields 0.00% while NBGX yields 0.39%, so NBGX currently pays the higher dividend yield.
Is NBGX better than HFGO?
NBGX has a lower expense ratio. HFGO led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. NBGX is less concentrated, with 52.8% of the fund in its ten largest positions against 61.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.