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Hartford Growth Allocation Fund (HRAAX) Sharpe Ratio: 2.08

Mutual Fund · Currency in USD · Last updated Jun 17, 2026

The investment seeks long-term capital appreciation. The fund seeks to meet its investment objective through investment in a combination of other mutual funds and ETFs advised by Hartford Funds Management Company, LLC or a wholly owned subsidiary of the Investment Manager (the "underlying funds"). The underlying funds, include fixed income funds, equity funds and funds that may have exposures to alternative asset classes, including commodities. The Investment Manager anticipates allocating approximately 65%-95% of the fund's total assets to the equity component and approximately 5%-35% of the fund's total assets to the fixed income component.

HRAAX's Sharpe Ratio of 2.08 indicates that for each unit of volatility, it generates 2.08 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 17, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

HRAAX Sharpe Ratio Rank

HRAAX Sharpe Ratio Rank: 63.263
Above Average

HRAAX ranks above 63.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

HRAAX Sharpe Ratio Market Positioning

The chart shows HRAAX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.37 or lower
  • Yellow zone (middle 50%): 1.37 to 2.36
  • Green zone (top 25%): 2.36 or higher
  • Top 1%: 4.38+
  • Median: 1.98 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Hartford Growth Allocation Fund's Sharpe Ratio with other mutual funds in the Diversified Portfolio category across multiple time periods, showing how HRAAX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 17, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
STDAXSEI Asset Allocation Trust Defensive Strategy Allocation Fund4.74
TIBIXThornburg Investment Income Builder Fund Class I4.43
NWQIXNuveen Flexible Income Fund3.91
EKBAXAllspring Diversified Capital Builder Fund3.52
AYBLXPioneer Balanced ESG Fund3.39
AOBLXVictory Pioneer Balanced Fund Class A3.37
IPFCXPoplar Forest Cornerstone Fund3.21
FMUAXFederated Hermes Municipal and Stock Advantage Fund3.20
FIQDXFidelity Advisor Strategic Real Return Fund Class Z3.02
FSRKXFidelity Strategic Real Return Fund Class K63.01
HRAAXHartford Growth Allocation Fund2.08

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows HRAAX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when HRAAX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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