RORE vs TGRAX Fund Comparison

A comparison between RORE and TGRAX based on their expense ratio, growth, holdings and how well they match their benchmark performance.

Group Created with Sketch.

Minafi's Take on RORE vs TGRAX

Here's an in depth look at the differences between Hartford Multifactor REIT ETF ($RORE) and Invesco Pacific Growth Fund Class A ($TGRAX).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

47% FI Score
  • rore
  • ETF
  • Alternatives
  • Real Estate

Hartford Multifactor REIT ETF

Expenses: 0.45% (Better than 1% of similar funds)

This is a bad choice for a Real Estate Alternatives fund. See why »

24% FI Score
  • tgrax
  • Mutual Fund
  • International Stocks
  • Asia/Pacific ex-Japan Stock

Invesco Pacific Growth Fund Class A

Expenses: 1.58% (Better than 0% of similar funds)

This is a bad choice for a Asia/Pacific ex-Japan Stock International Stocks fund. See why »

$RORE is classified as an ETF while $TGRAX is classified as a Mutual Fund. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely availble from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

RORE TGRAX
Market Score 0.4 /10 4.1 /10
Category Score 0.0 /10 5.0 /10
Total 0.4 9.1

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $TGRAX

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, RORE has an expense ratio of 0.45% while TGRAX has an expense ratio of 1.58%.

Winner: $RORE

Fund Size Comparison

Both RORE and TGRAX have a similar number of assets under management. RORE has 3.6 Million in assets under management, while TGRAX has 71.3 Million.

Minafi categorizes both of these funds as small funds. Fund size is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

Winner: tie

Which Should You Choose? RORE or TGRAX?

Comparing these two funds isn't an apples to apples comparison. RORE is a Alternatives Real Estate fund, while TGRAX is a International Stocks Asia/Pacific ex-Japan Stock fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives RORE a score of 47 and TGRAX a score of 24.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$RORE

Hartford Multifactor REIT ETF

47

Read More
Ratings
Rating Type Rating
Diversification Score 9 /10
Expense Ratio Score 8 /10
Expense Rating 6 /10
Market Score 0 /10
Category Score 0 /10
Overview
Overview Details
Fund Type ETF
Inception Date Oct-3-2016
Exchange NYSE ARCA
Expense Ratio 0.450%
Net Assets 3.6 Million
Yield 3.31%
Holdings
Description Info
Market Alternatives
Category Real Estate
Sectors
  • Basic Materials 0.00%
  • Communication Services 0.00%
  • Consumer Cyclicals 0.00%
  • Consumer Defensive 0.00%
  • Energy 0.00%
  • Financial Services 0.00%
  • Healthcare 0.00%
  • Industrials 0.00%
  • Real Estate 100.00%
  • Technology 0.00%
  • Utilities 0.00%
Regions
  • North America 100.00%

$TGRAX

Invesco Pacific Growth Fund Class A

24

Read More
Ratings
Rating Type Rating
Expense Ratio Score 1 /10
Expense Rating 0 /10
Market Score 4 /10
Category Score 5 /10
Overview
Overview Details
Fund Type Mutual Fund
Inception Date Jul-28-1997
Exchange NMFQS
Expense Ratio 1.580%
Net Assets 71.3 Million
Yield 0.00%
Holdings
Description Info
Market International Stocks
Category Asia/Pacific ex-Japan Stock
Sectors
  • Basic Materials 1.24%
  • Communication Services 30.53%
  • Consumer Cyclical 28.89%
  • Consumer Defensive 6.80%
  • Energy 0.00%
  • Financial Services 5.62%
  • Healthcare 8.56%
  • Industrials 2.84%
  • Real Estate 0.00%
  • Technology 14.20%
  • Utilities 1.32%
Regions
  • Asia Developed 33.24%
  • Asia Emerging 66.42%
  • North America 0.34%

Adam says: Learn how to confidently invest for retirement!

Join the Minafi Investor Bootcamp to see how.

This 10-course bootcamp starts at only $10 for everything!

Minafi - The intersection of FI, minimalism & mindfulness.

Don't miss out on new posts, courses, interactive articles and more!

Join & Get Your First Course Free

© 2024   Adam Fortuna

Site Map
Triangle Graduation Cap Angle Down Book regular Phone laptop regular fire regular fire regular search regular Acorn duotone Seedling duotone thumbs down duo