GVMCX vs. SMDIX
GVMCX (Government Street Mid Cap Fund) and SMDIX (Hartford Schroders US MidCap Opportunities Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, GVMCX returned 13.38%/yr vs 10.83%/yr for SMDIX. Their correlation of 0.94 suggests significant overlap in exposure. GVMCX charges 1.03%/yr vs 0.89%/yr for SMDIX.
Performance
GVMCX vs. SMDIX - Performance Comparison
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Returns By Period
In the year-to-date period, GVMCX achieves a 12.99% return, which is significantly lower than SMDIX's 18.03% return. Over the past 10 years, GVMCX has outperformed SMDIX with an annualized return of 13.38%, while SMDIX has yielded a comparatively lower 10.83% annualized return.
GVMCX
- 1D
- 0.81%
- 1M
- -2.16%
- 6M
- 8.16%
- YTD
- 12.99%
- 1Y
- 20.17%
- 3Y*
- 16.68%
- 5Y*
- 11.43%
- 10Y*
- 13.38%
SMDIX
- 1D
- 0.00%
- 1M
- 1.54%
- 6M
- 13.56%
- YTD
- 18.03%
- 1Y
- 28.68%
- 3Y*
- 14.91%
- 5Y*
- 9.57%
- 10Y*
- 10.83%
GVMCX vs. SMDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVMCX Government Street Mid Cap Fund | 12.99% | 14.52% | 19.68% | 15.19% | -14.16% | 30.14% | 17.99% | 31.00% | -8.88% | 20.22% |
SMDIX Hartford Schroders US MidCap Opportunities Fund | 18.03% | 7.45% | 15.41% | 12.69% | -12.44% | 26.06% | 9.17% | 28.05% | -11.03% | 15.58% |
Correlation
The correlation between GVMCX and SMDIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006 | 0.94 |
The correlation between GVMCX and SMDIX shifts across timeframes, from 0.83 (1 year) to 0.94 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GVMCX vs. SMDIX — Risk / Return Rank
GVMCX
SMDIX
GVMCX vs. SMDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Government Street Mid Cap Fund (GVMCX) and Hartford Schroders US MidCap Opportunities Fund (SMDIX). 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.
| GVMCX | SMDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 3.68 | -1.44 |
| Martin ratioReturn relative to average drawdown | 8.83 | 14.25 | -5.41 |
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Drawdowns
GVMCX vs. SMDIX - Drawdown Comparison
The maximum GVMCX drawdown since its inception was -47.77%, roughly equal to the maximum SMDIX drawdown of -48.26%. Use the drawdown chart below to compare losses from any high point for GVMCX and SMDIX.
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Drawdown Indicators
| GVMCX | SMDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -48.26% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -7.40% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -20.25% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.92% | -20.87% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -40.70% | +6.03% |
Current DrawdownCurrent decline from peak | -2.16% | -0.36% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -6.43% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.91% | +0.29% |
Volatility
GVMCX vs. SMDIX - Volatility Comparison
Government Street Mid Cap Fund (GVMCX) has a higher volatility of 4.55% compared to Hartford Schroders US MidCap Opportunities Fund (SMDIX) at 2.78%. This indicates that GVMCX's price experiences larger fluctuations and is considered to be riskier than SMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVMCX | SMDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 2.78% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 9.69% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.74% | 13.66% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.22% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 17.88% | -0.44% |
GVMCX vs. SMDIX - Expense Ratio Comparison
GVMCX has a 1.03% expense ratio, which is higher than SMDIX's 0.89% expense ratio.
Dividends
GVMCX vs. SMDIX - Dividend Comparison
GVMCX's dividend yield for the trailing twelve months is around 2.06%, less than SMDIX's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVMCX Government Street Mid Cap Fund | 2.06% | 3.80% | 5.42% | 1.91% | 4.43% | 3.36% | 3.35% | 4.68% | 2.00% | 4.84% | 4.54% | 5.77% |
SMDIX Hartford Schroders US MidCap Opportunities Fund | 8.35% | 9.86% | 8.53% | 1.69% | 3.28% | 15.04% | 0.32% | 0.91% | 2.45% | 1.51% | 1.72% | 11.55% |
Frequently Asked Questions
GVMCX and SMDIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVMCX has higher volatility (4.55%) compared to SMDIX (2.78%). In terms of maximum drawdown, GVMCX dropped -47.77% vs SMDIX's -48.26%.
SMDIX currently has the higher Sharpe Ratio (1.99 vs 1.32), 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.
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