HABYX vs. HHMIX
HABYX (The Hartford Total Return Bond Fund) and HHMIX (Hartford Municipal Opportunities Fund) are both mutual funds - HABYX is a Intermediate Core-Plus Bond fund managed by Hartford, while HHMIX is a Municipal Bonds fund managed by Hartford. Over the past 10 years, HABYX returned 2.39%/yr vs 2.29%/yr for HHMIX. A 0.51 correlation means they provide meaningful diversification when combined. HABYX charges 0.39%/yr vs 0.44%/yr for HHMIX.
Performance
HABYX vs. HHMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HABYX achieves a 0.51% return, which is significantly lower than HHMIX's 1.46% return. Both investments have delivered pretty close results over the past 10 years, with HABYX having a 2.39% annualized return and HHMIX not far behind at 2.29%.
HABYX
- 1D
- 0.22%
- 1M
- 1.03%
- YTD
- 0.51%
- 6M
- 0.87%
- 1Y
- 5.30%
- 3Y*
- 4.75%
- 5Y*
- 0.39%
- 10Y*
- 2.39%
HHMIX
- 1D
- 0.00%
- 1M
- 1.25%
- YTD
- 1.46%
- 6M
- 1.87%
- 1Y
- 6.01%
- 3Y*
- 4.28%
- 5Y*
- 1.16%
- 10Y*
- 2.29%
HABYX vs. HHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HABYX The Hartford Total Return Bond Fund | 0.51% | 7.25% | 2.41% | 6.96% | -14.02% | -1.08% | 9.29% | 10.62% | -0.73% | 5.26% |
HHMIX Hartford Municipal Opportunities Fund | 1.46% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
Correlation
The correlation between HABYX and HHMIX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.51 |
The correlation between HABYX and HHMIX shifts across timeframes, from 0.51 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HABYX vs. HHMIX — Risk / Return Rank
HABYX
HHMIX
HABYX vs. HHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Total Return Bond Fund (HABYX) and Hartford Municipal Opportunities Fund (HHMIX). 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.
| HABYX | HHMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.68 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.15 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.97 | 6.86 | -1.89 |
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Drawdowns
HABYX vs. HHMIX - Drawdown Comparison
The maximum HABYX drawdown since its inception was -19.42%, smaller than the maximum HHMIX drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for HABYX and HHMIX.
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Drawdown Indicators
| HABYX | HHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -30.49% | +11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.81% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.50% | -4.61% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -13.76% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | -13.76% | -5.66% |
Current DrawdownCurrent decline from peak | -1.30% | -0.78% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -3.87% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.88% | +0.19% |
Volatility
HABYX vs. HHMIX - Volatility Comparison
The Hartford Total Return Bond Fund (HABYX) has a higher volatility of 1.21% compared to Hartford Municipal Opportunities Fund (HHMIX) at 0.74%. This indicates that HABYX's price experiences larger fluctuations and is considered to be riskier than HHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HABYX | HHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.74% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 1.92% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 2.36% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 3.33% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 3.57% | +1.49% |
HABYX vs. HHMIX - Expense Ratio Comparison
HABYX has a 0.39% expense ratio, which is lower than HHMIX's 0.44% expense ratio.
Dividends
HABYX vs. HHMIX - Dividend Comparison
HABYX's dividend yield for the trailing twelve months is around 4.54%, more than HHMIX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HABYX The Hartford Total Return Bond Fund | 4.54% | 4.56% | 4.39% | 3.99% | 3.10% | 3.96% | 3.19% | 3.76% | 4.08% | 3.89% | 3.10% | 2.94% |
HHMIX Hartford Municipal Opportunities Fund | 3.41% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
Frequently Asked Questions
HABYX and HHMIX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HABYX has higher volatility (1.21%) compared to HHMIX (0.74%). In terms of maximum drawdown, HABYX dropped -19.42% vs HHMIX's -30.49%.
HHMIX currently has the higher Sharpe Ratio (2.56 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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