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ETFs

Hartford Longevity Economy ETF

HLGE
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Mar 16 2021
Expense Ratio
0.44%
Type
US Equities
Fund Owner
Hartford Funds
Volume (1m avg. daily)
$1,584
AUM
$8,498,000
Associated Index
Hartford Longevity Economy Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with HLGE

What is HLGE?

The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an Hartford Longevity Economy Index, which is designed to generate attractive risk-adjusted returns by investing in companies that comprise industries that reflect certain themes that are expected to benefit from the growth of the aging population and the substantial buying power it represents.

ETFs related toHLGE

ETFs correlated to HLGE include DFAC, AVSU, JVAL

HLGE
Lattice Strategies Trust - Hartford Longevity Economy ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
FVAL
Fidelity Covington Trust - Fidelity Value Factor ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHLGE

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with HLGE using Composer

FAQ

HLGE is a US Equities ETF. The Fund seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an Hartford Longevity Economy Index, which is designed to generate attractive risk-adjusted returns by investing in companies that comprise industries that reflect certain themes that are expected to benefit from the growth of the aging population and the substantial buying power it represents.

HLGE tracks the Hartford Longevity Economy Index.

No, HLGE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, HLGE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HLGE is -0.0204%. This is the percent change in the value of HLGE over the most recent 1-month period. The 3-month return on HLGE is -0.0074%. This is the percent change in the value of HLGE over the most recent 3-month period.

The standard deviation of HLGE for the past year is 0.1662%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HLGE include SPHQ, DSI, and QUAL.

ETFs correlated to HLGE include DFAC, AVSU, and JVAL.

ETFs that are inversely correlated to HLGE include SH, SDS, and SPDN.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.