GMWAX vs. HRLYX
Compare and contrast key facts about GMO Global Asset Allocation Fund (GMWAX) and Hartford Real Asset Fund (HRLYX).
GMWAX is managed by GMO. It was launched on Oct 21, 1996. HRLYX is managed by Hartford. It was launched on May 27, 2010.
Performance
GMWAX vs. HRLYX - Performance Comparison
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GMWAX vs. HRLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMWAX GMO Global Asset Allocation Fund | 3.33% | 23.40% | 0.23% | 16.17% | -12.71% | 7.03% | 6.15% | 17.70% | -7.21% | 15.73% |
HRLYX Hartford Real Asset Fund | 11.62% | 21.89% | -5.41% | 7.44% | 0.72% | 21.58% | -1.13% | 12.34% | -10.11% | 9.57% |
Returns By Period
In the year-to-date period, GMWAX achieves a 3.33% return, which is significantly lower than HRLYX's 11.62% return. Over the past 10 years, GMWAX has underperformed HRLYX with an annualized return of 6.83%, while HRLYX has yielded a comparatively higher 7.85% annualized return.
GMWAX
- 1D
- 1.68%
- 1M
- -4.34%
- YTD
- 3.33%
- 6M
- 8.68%
- 1Y
- 23.07%
- 3Y*
- 12.37%
- 5Y*
- 5.62%
- 10Y*
- 6.83%
HRLYX
- 1D
- 0.84%
- 1M
- 0.56%
- YTD
- 11.62%
- 6M
- 15.18%
- 1Y
- 25.10%
- 3Y*
- 10.33%
- 5Y*
- 9.29%
- 10Y*
- 7.85%
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GMWAX vs. HRLYX - Expense Ratio Comparison
GMWAX has a 0.00% expense ratio, which is lower than HRLYX's 0.90% expense ratio.
Return for Risk
GMWAX vs. HRLYX — Risk / Return Rank
GMWAX
HRLYX
GMWAX vs. HRLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Global Asset Allocation Fund (GMWAX) and Hartford Real Asset Fund (HRLYX). 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.
| GMWAX | HRLYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 2.80 | -0.56 |
Sortino ratioReturn per unit of downside risk | 3.02 | 3.65 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.61 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.42 | -0.52 |
Martin ratioReturn relative to average drawdown | 11.96 | 21.19 | -9.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMWAX | HRLYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.80 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.86 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.61 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.28 | +0.01 |
Correlation
The correlation between GMWAX and HRLYX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMWAX vs. HRLYX - Dividend Comparison
GMWAX's dividend yield for the trailing twelve months is around 4.72%, more than HRLYX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMWAX GMO Global Asset Allocation Fund | 4.72% | 4.88% | 0.14% | 5.47% | 3.78% | 6.16% | 4.00% | 4.00% | 3.77% | 2.50% | 2.25% | 3.13% |
HRLYX Hartford Real Asset Fund | 3.54% | 3.95% | 0.00% | 4.36% | 4.79% | 19.52% | 3.10% | 3.11% | 2.49% | 3.62% | 0.76% | 1.33% |
Drawdowns
GMWAX vs. HRLYX - Drawdown Comparison
The maximum GMWAX drawdown since its inception was -41.69%, smaller than the maximum HRLYX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for GMWAX and HRLYX.
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Drawdown Indicators
| GMWAX | HRLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -45.58% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -7.49% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -16.86% | -5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -25.12% | -36.82% | +11.70% |
Current DrawdownCurrent decline from peak | -5.09% | 0.00% | -5.09% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -14.53% | +3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.21% | +0.73% |
Volatility
GMWAX vs. HRLYX - Volatility Comparison
GMO Global Asset Allocation Fund (GMWAX) has a higher volatility of 4.25% compared to Hartford Real Asset Fund (HRLYX) at 3.01%. This indicates that GMWAX's price experiences larger fluctuations and is considered to be riskier than HRLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMWAX | HRLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.01% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 5.51% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 9.12% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.96% | 10.90% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.30% | 12.84% | -2.54% |