HFGO vs NUGO
Hartford Large Cap Growth ETF vs Nuveen Growth Opportunities ETF
Which is better, HFGO or NUGO?
Nearly the same fund. NUGO costs less.
NUGO has a lower expense ratio. HFGO led over 3Y, NUGO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. HFGO is less concentrated, with 61.2% of the fund in its ten largest positions against 61.9%.
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 | NUGO |
|---|---|---|
| Expense Ratio | 0.59% | 0.50%Best |
| AUM | $186M | $2.5B |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 48 | 46 |
| YTD Return | +8.71% | +9.42%Best |
| 1Y Return | +10.28% | +11.31%Best |
| 3Y Return (annualized) | +25.71%Best | +23.57% |
| 5Y Return (annualized) | +8.72% | +12.11%Best |
| Volatility (annualized) | 22.2% | 19.4%Best |
| Max Drawdown | -44.6% | -38.0%Best |
| $10,000 over 5 years | $15,190 | $17,710Best |
| Top 10 Weight | 61.2%Best | 61.9% |
| Fund Family | Hartford Funds | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Nov 9, 2021 | Sep 27, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2021 to Oct 14, 2026 (4.9 years).
HFGO vs NUGO 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 4.9 years both funds cover.
HFGO vs NUGO Performance
Hartford Large Cap Growth ETF (HFGO) is an ETF from Hartford Funds and Nuveen Growth Opportunities ETF (NUGO) is an ETF from Nuveen. Over the past year HFGO returned +10.28% while NUGO returned +11.31%. Year to date, HFGO is up 8.71% versus a gain of 9.42% for NUGO.
Over three years, HFGO compounded at +25.71% per year against +23.57% for NUGO; over five years the annualized figures are +8.72% and +12.11% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFGO has been the more volatile fund, with annualized monthly volatility of 22.2% compared with 19.4% for NUGO. 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 -44.6% for HFGO and -38.0% for NUGO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. 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 NUGO charges 0.50%. On a $10,000 position that is $59 vs $50 annually, a gap of $9 per year that compounds over a long holding period. On income, HFGO currently yields 0.00% against 0.00% for NUGO.
Holdings Overlap
70.0% of HFGO's money is in holdings NUGO also owns. 68.7% of NUGO's money is in holdings HFGO also owns.
Most of HFGO is already inside NUGO. Owning both mostly buys the same companies twice.
18 positions in common, counted across the 46 positions we hold weights for in HFGO and 43 in NUGO, against full books of 48 and 46.
What only one of them owns
Measured across the 46 and 43 positions we hold weights for.
HFGO holds 22 positions NUGO does not, 21.9% of the fund.
Largest: GLW 2.49%, SPOT 1.87%, NTRA 1.60%, SATS 1.50%, NET 1.40%
Top Shared Holdings
| Stock | Weight in HFGO | Weight in NUGO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 16.55% | 15.71% | 0.84% |
| GOOGLAlphabet Inc | 9.88% | 10.15% | 0.27% |
| MSFTMicrosoft Corp | 5.33% | 7.15% | 1.82% |
| AAPLApple, Inc | 4.81% | 7.05% | 2.24% |
| AVGOBroadcom Inc | 5.41% | 5.98% | 0.57% |
| LLYEli Lilly & Co. | 3.82% | 3.86% | 0.04% |
| METAMeta Platforms Inc | 4.54% | 2.09% | 2.45% |
| AMZNAmazon.Com Inc | 4.50% | 1.90% | 2.60% |
| ANETArista Networks Inc. | 2.85% | 2.29% | 0.56% |
| SNDKVSandisk Corp. | 3.49% | 0.63% | 2.86% |
70.0% of HFGO is already inside NUGO.
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, HFGO or NUGO?
HFGO has an expense ratio of 0.59% while NUGO charges 0.50%. NUGO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, HFGO or NUGO?
Over the past year HFGO returned +10.28% vs +11.31% for NUGO, so NUGO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HFGO or NUGO?
HFGO has been the more volatile fund at 22.2% annualized versus 19.4% for NUGO. Worst drawdown: HFGO -44.6% vs NUGO -38.0%.
Should I hold both HFGO and NUGO?
HFGO and NUGO have a monthly-return correlation of 0.98, 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 NUGO?
70.0% of HFGO's money is in holdings NUGO also owns. 68.7% of NUGO's is in holdings HFGO also owns. They hold 18 positions in common, counted across the 46 positions we hold weights for in HFGO and 43 in NUGO.
Which pays a higher dividend, HFGO or NUGO?
HFGO yields 0.00% while NUGO yields 0.00%, so NUGO currently pays the higher dividend yield.
Is NUGO better than HFGO?
NUGO has a lower expense ratio. HFGO led over 3Y, NUGO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.98. HFGO is less concentrated, with 61.2% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.