Hartford US Quality Growth ETF (HQGO) Valuation

NASDAQ: HQGOP/E, earnings yield and other ratios of the holdings combined.

HQGO valuation today

Holdings combined · company data as of Oct 26, 2026

P/E (TTM): 27.3
Forward P/E: 20.3
Price / sales: 3.92
Price / book: 7.71
EV / EBITDA: 18.0
Earnings yield: 3.66%
Dividend yield: 0.80%
Return on equity: 28.2%
Net margin: 14.4%
Beta: 1.19

HQGO valuation vs other stock ETFs

P/E (TTM)Forward P/E

HQGO valuation compared with other stock ETFs
ETF	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE	Net margin	Loss-makers
HQGO	27.3	20.3	3.92	7.71	0.80%	28.2%	14.4%	3.2%
SPY	25.9	19.9	3.67	5.47	1.08%	21.1%	14.2%	1.9%
QQQ	34.2	23.4	5.93	9.27	0.58%	27.1%	17.4%	6.9%
DIA	20.9	18.4	3.16	5.52	1.55%	26.4%	15.1%	0.0%
VTI	28.2	19.4	3.31	5.00	1.07%	17.7%	11.8%	4.6%
IWM	n/m	13.9	1.25	2.03	1.38%	−1.7%	−1.0%	28.1%

Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.

HQGO valuation by sector

P/E (TTM)Forward P/E

HQGO valuation by sector
Sector	Weight	P/E	Fwd P/E	P/S	P/B	Div. yield	ROE
Technology	43.3%	31.1	20.9	7.82	12.79	0.48%	41.1%
Healthcare	11.8%	38.9	20.2	4.18	9.64	1.15%	24.8%
Communication Services	10.8%	22.5	18.9	6.45	6.36	0.30%	28.3%
Consumer Cyclical	10.2%	24.0	23.0	2.46	7.05	0.61%	29.3%
Financial Services	7.7%	17.7	18.3	4.54	2.98	0.93%	16.9%
Industrials	6.4%	28.8	23.2	2.61	10.03	1.35%	34.8%
Consumer Defensive	4.7%	23.7	17.3	0.91	9.11	2.62%	38.4%
Energy	2.0%	23.0	14.8	2.04	2.56	2.30%	11.1%
Basic Materials	1.7%	21.7	17.0	2.62	5.32	1.19%	24.5%
Real Estate	0.6%	78.3	25.5	4.60	2.58	1.48%	3.3%
Utilities	0.1%	18.9	16.1	2.99	1.77	3.52%	9.3%

HQGO earnings yield vs bond yields

HQGO earnings yield (forward)

4.94%

HQGO earnings yield (trailing)

3.66%

HQGO dividend yield

0.80%

Bond market yield (AGG)

5.33%

T-bill yield (BIL)

3.91%

Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.

How HQGO weight splits by P/E

Share of the covered weight in companies with a trailing P/E in each range.

HQGO largest holdings: valuation

HQGO largest holdings valuation
Symbol	Company	Weight	P/E	Fwd P/E	P/S	Div. yield	Share of earnings
AAPL	Apple Inc.	5.60%	39.4	35.2	10.7	0.31%	3.91%
NVDA	NVIDIA Corporation	4.91%	27.1	24.9	17.1	0.47%	4.98%
MSFT	Microsoft Corporation	4.76%	29.5	25.1	11.8	0.74%	4.44%
GOOGL	Alphabet Inc.	4.70%	17.1	22.8	9.3	0.26%	7.56%
AMZN	Amazon.com, Inc.	4.21%	20.1	23.6	3.5	—	5.75%
AVGO	Broadcom Inc.	3.12%	43.3	19.4	17.6	0.79%	1.98%
META	Meta Platforms, Inc.	2.78%	26.7	22.1	7.9	0.30%	2.86%
LLY	Eli Lilly and Company	2.22%	42.2	24.4	14.1	0.55%	1.45%
BRK.B	Berkshire Hathaway Inc.	2.19%	13.4	22.7	3.0	—	4.51%
AMD	Advanced Micro Devices, Inc.	2.11%	134.9	39.5	20.9	—	0.43%
TSLA	Tesla, Inc.	2.04%	328.4	158.7	13.5	—	0.17%
XOM	Exxon Mobil Corporation	2.04%	23.0	14.8	2.0	2.30%	2.43%
MU	Micron Technology, Inc.	1.93%	11.8	7.0	7.5	0.07%	4.49%
JNJ	Johnson & Johnson	1.87%	38.8	21.0	6.2	2.10%	1.33%
JPM	JPMorgan Chase & Co.	1.84%	14.2	13.5	4.7	1.94%	3.56%
FTNT	Fortinet, Inc.	1.07%	59.8	45.0	16.5	—	0.49%
GWW	W.W. Grainger, Inc.	0.98%	33.9	24.8	3.3	0.75%	0.79%
ADBE	Adobe Inc.	0.95%	13.7	8.7	3.7	—	1.90%
QCOM	QUALCOMM Incorporated	0.86%	19.9	19.6	4.2	2.14%	1.18%
V	Visa Inc.	0.78%	34.3	24.0	17.0	0.67%	0.63%
MA	Mastercard Incorporated	0.75%	34.0	24.2	15.4	0.56%	0.61%
MSCI	MSCI Inc.	0.74%	31.1	24.7	12.4	1.44%	0.65%
FAST	Fastenal Company	0.70%	41.5	37.5	6.4	2.04%	0.47%
ACN	Accenture plc	0.68%	16.9	12.4	1.9	2.98%	1.10%
FERG	Ferguson plc	0.67%	22.8	17.6	1.4	1.54%	0.81%

Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.

About HQGO valuation

Adding up its 187 holdings with company data, HQGO trades at 27.3 times trailing earnings and 20.3 times analysts' forward estimates, with a price-to-book ratio of 7.71 and a dividend yield of 0.80%. Its earnings yield of 3.66% is 1.67 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).

The ten largest holdings are 36.6% of the fund and earn 37.9% of its combined profit. By sector, Real Estate is the most expensive at 78.3 times earnings and Financial Services the cheapest at 17.7. Companies that lost money over the past year are 3.2% of the covered weight.

How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 99.9% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.

HQGO valuation FAQ

What is the P/E ratio of HQGO?

Based on its holdings, HQGO has a trailing P/E of 27.3 and a forward P/E of 20.3 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).

What is the earnings yield of HQGO?

The trailing earnings yield is 3.66% (1 ÷ P/E) and the forward earnings yield 4.94%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.

Is HQGO more expensive than the S&P 500?

HQGO trades at 27.3 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 20.3 and 19.9.

What is the price-to-book ratio of HQGO?

The holdings of HQGO trade at 7.71 times book value, with a combined return on equity of 28.2%.

Which sector in HQGO has the highest P/E?

Real Estate has the highest P/E at 78.3 and Financial Services the lowest at 17.7.