HGRO vs IROC
Comparison between HEDGEYE QUALITY GROWTH ETF (HGRO, ETF) and INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF).
HGRO vs IROC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HGRO
$130M
Winner
IROC
$130M
Expense Ratio
HGRO
0.70%
Winner
IROC
0.39%
Max Drawdown
HGRO
7.61%
Winner
IROC
6.98%
Sharpe Ratio
HGRO
0.91
Winner
IROC
1.33
5Y Beta
HGRO
0.99
Winner
IROC
0.03
P/E Ratio
HGRO
39.28
IROC
N/A
Forward P/E
HGRO
25.45
IROC
N/A
PEG Ratio
HGRO
0.77
IROC
N/A
5Y EPS CAGR
HGRO
22.98%
IROC
N/A
Debt to Equity
HGRO
52.90%
IROC
N/A
P/S Ratio
HGRO
4.11
IROC
N/A
P/B Ratio
HGRO
6.54
IROC
N/A
HGRO vs IROC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HGRO
-0.65%
IROC
-0.73%
3M
Winner
HGRO
+3.57%
IROC
+0.45%
6M
Winner
HGRO
+5.25%
IROC
+1.99%
1Y
Winner
HGRO
+15.23%
IROC
+7.64%
Max(CAGR)
Winner
HGRO
+19.34%
IROC
+4.49%
HGRO vs IROC - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | HGRO | IROC |
|---|---|---|
| 2026 | +6.94% | +2.25% |
| 2025 | +13.37% | +4.01% |
| 2024 | N/A | +4.75% |
| 2023 | N/A | +5.81% |
| 2022 | N/A | -0.88% |
HGRO vs IROC Drawdown Comparison
The maximum drawdown for HGRO was -7.61%, occurring on Mar 30, 2026. Recovery took 45 trading sessions.
The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.
The current HGRO drawdown is -4.06%. The current IROC drawdown is -1.50%.
| Rank | HGRO | IROC |
|---|---|---|
| #1 | -7.61% Feb 25, 2026 - Apr 30, 2026 | -4.79% Jul 26, 2023 - Nov 29, 2023 |
| #2 | -5.33% Jun 4, 2026 - Jun 10, 2026 | -3.52% Mar 3, 2025 - Sep 8, 2025 |
| #3 | -4.69% Nov 12, 2025 - Nov 28, 2025 | -2.93% Feb 2, 2023 - Jul 13, 2023 |
| #4 | -3.23% Dec 11, 2025 - Dec 24, 2025 | -2.64% Feb 25, 2026 - May 29, 2026 |
| #5 | -3.06% Jan 12, 2026 - Feb 6, 2026 | -1.50% Jul 6, 2026 - Jul 23, 2026 |
| #6 | -2.94% Oct 8, 2025 - Oct 27, 2025 | -1.46% Oct 2, 2024 - Nov 29, 2024 |
| #7 | -2.85% May 14, 2026 - Jun 2, 2026 | -1.30% Dec 6, 2024 - Feb 4, 2025 |
| #8 | -2.54% Jul 25, 2025 - Aug 14, 2025 | -1.05% May 15, 2024 - Jun 12, 2024 |
| #9 | -2.24% Oct 29, 2025 - Nov 11, 2025 | -1.03% Mar 22, 2024 - May 7, 2024 |
| #10 | -2.09% Aug 14, 2025 - Aug 28, 2025 | -1.00% Jan 12, 2024 - Jan 31, 2024 |
| #11 | -1.87% Feb 9, 2026 - Feb 20, 2026 | -0.94% Dec 13, 2022 - Jan 9, 2023 |
| #12 | -1.78% Sep 22, 2025 - Oct 6, 2025 | -0.84% Feb 1, 2024 - Feb 28, 2024 |
| #13 | -1.50% Dec 29, 2025 - Jan 6, 2026 | -0.71% Aug 2, 2024 - Sep 4, 2024 |
| #14 | -1.49% Aug 28, 2025 - Sep 10, 2025 | -0.55% Jun 14, 2024 - Jul 5, 2024 |
| #15 | -1.33% May 6, 2026 - May 8, 2026 | -0.52% Nov 24, 2025 - Jan 2, 2026 |
Correlation
Correlation between HGRO and IROC is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (2023 - 2026)
HGRO vs IROC dividend yield comparison.
| Year | HGRO | IROC |
|---|---|---|
| 2026 | 0.00% | 3.02% |
| 2025 | 0.08% | 4.79% |
| 2024 | 0.00% | 4.08% |
| 2023 | 0.00% | 3.68% |
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