BARIX vs. HMDYX

Last updated Aug 1, 2026

BARIX (Baron Asset Fund Institutional Class) and HMDYX (The Hartford MidCap Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, BARIX returned 10.59%/yr vs 8.20%/yr for HMDYX. Their correlation of 0.89 means they have usually moved in the same direction. BARIX charges 1.03%/yr vs 0.79%/yr for HMDYX.

Performance

BARIX vs. HMDYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Asset Fund Institutional Class (BARIX) and The Hartford MidCap Fund (HMDYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BARIX achieves a -2.34% return, which is significantly lower than HMDYX's 2.83% return. Over the past 10 years, BARIX has outperformed HMDYX with an annualized return of 10.59%, while HMDYX has yielded a comparatively lower 8.20% annualized return.

BARIX

• 1D: -0.90%
• 1M: -10.37%
• 6M: 1.40%
• YTD: -2.34%
• 1Y: 3.31%
• 3Y*: 6.93%
• 5Y*: 0.65%
• 10Y*: 10.59%
• ALL TIME*: 12.42%

HMDYX

• 1D: 2.90%
• 1M: -5.22%
• 6M: 2.03%
• YTD: 2.83%
• 1Y: -0.27%
• 3Y*: 3.38%
• 5Y*: -0.84%
• 10Y*: 8.20%
• ALL TIME*: 10.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BARIX Baron Asset Fund Institutional Class	$0.00	$0.00	$0.00
HMDYX The Hartford MidCap Fund	$0.00	$0.00	$0.00

BARIX vs. HMDYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BARIX Baron Asset Fund Institutional Class	-2.34%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%
HMDYX The Hartford MidCap Fund	2.83%	-0.48%	6.17%	14.70%	-24.01%	9.89%	25.10%	38.80%	-7.56%	24.41%

Correlation

The correlation between BARIX and HMDYX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since May 29, 2009	0.89

Over the past year, the correlation between BARIX and HMDYX has dropped to 0.63 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.

Return for Risk

BARIX vs. HMDYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BARIX

BARIX Risk / Return Rank: 5
BARIX Sharpe Ratio Rank: 5
BARIX Sortino Ratio Rank: 6
BARIX Omega Ratio Rank: 6
BARIX Calmar Ratio Rank: 5
BARIX Martin Ratio Rank: 5

HMDYX

HMDYX Risk / Return Rank: 3
HMDYX Sharpe Ratio Rank: 3
HMDYX Sortino Ratio Rank: 3
HMDYX Omega Ratio Rank: 3
HMDYX Calmar Ratio Rank: 3
HMDYX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BARIX vs. HMDYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and The Hartford MidCap Fund (HMDYX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BARIX	HMDYX	Difference
Sharpe ratio: Return per unit of total volatility	0.02	-0.14	+0.16
Sortino ratio: Return per unit of downside risk	0.20	-0.06	+0.26
Omega ratio: Gain probability vs. loss probability	1.02	0.99	+0.03
Calmar ratio: Return relative to maximum drawdown	0.02	-0.18	+0.20
Martin ratio: Return relative to average drawdown	0.06	-0.51	+0.57

BARIX vs. HMDYX - Sharpe Ratio Comparison

The current BARIX Sharpe Ratio is 0.02, which is higher than the HMDYX Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of BARIX and HMDYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BARIX vs. HMDYX - Drawdown Comparison

The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum HMDYX drawdown of -50.76%. Use the drawdown chart below to compare losses from any high point for BARIX and HMDYX.

Drawdown Indicators

	BARIX	HMDYX	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-50.76%	+13.32%
Max Drawdown (1Y) Largest decline over 1 year	-16.73%	-15.91%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-26.77%	+8.99%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-32.92%	-4.52%
Max Drawdown (10Y) Largest decline over 10 years	-37.44%	-37.98%	+0.54%
Current Drawdown Current decline from peak	-15.52%	-8.22%	-7.30%
Average Drawdown Average peak-to-trough decline	-6.76%	-8.86%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	5.64%	+0.56%

Volatility

BARIX vs. HMDYX - Volatility Comparison

The current volatility for Baron Asset Fund Institutional Class (BARIX) is 6.09%, while The Hartford MidCap Fund (HMDYX) has a volatility of 6.45%. This indicates that BARIX experiences smaller price fluctuations and is considered to be less risky than HMDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BARIX	HMDYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	6.45%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	16.79%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	20.92%	20.41%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	21.96%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.28%	21.63%	-1.35%

BARIX vs. HMDYX - Expense Ratio Comparison

BARIX has a 1.03% expense ratio, which is higher than HMDYX's 0.79% expense ratio.

Dividends

BARIX vs. HMDYX - Dividend Comparison

BARIX's dividend yield for the trailing twelve months is around 10.84%, less than HMDYX's 18.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.84%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
HMDYX The Hartford MidCap Fund	18.07%	18.58%	4.80%	1.73%	7.40%	10.29%	9.17%	8.60%	11.42%	3.95%	2.61%	7.05%

Frequently Asked Questions

Can I hold both BARIX and HMDYX in my portfolio?

BARIX and HMDYX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BARIX or HMDYX?

HMDYX has higher volatility (6.45%) compared to BARIX (6.09%). In terms of maximum drawdown, BARIX dropped -37.44% vs HMDYX's -50.76%.

Which has better risk-adjusted returns?

BARIX currently has the higher Sharpe Ratio (0.02 vs -0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.