HADAX vs. ABALX
Compare and contrast key facts about Hartford Balanced HLS Fund (HADAX) and American Funds American Balanced Fund Class A (ABALX).
HADAX is managed by Hartford. It was launched on Mar 30, 1983. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HADAX or ABALX.
Key characteristics
| HADAX | ABALX | |
|---|---|---|
| YTD Return | 11.86% | 12.77% |
| 1Y Return | 19.56% | 21.01% |
| 3Y Return (Ann) | 5.10% | 5.58% |
| 5Y Return (Ann) | 9.38% | 8.90% |
| 10Y Return (Ann) | 7.98% | 8.24% |
| Sharpe Ratio | 2.26 | 2.33 |
| Daily Std Dev | 8.52% | 8.88% |
| Max Drawdown | -45.36% | -39.31% |
| Current Drawdown | -0.23% | -0.36% |
Correlation
The correlation between HADAX and ABALX is 0.95, 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.
Performance
HADAX vs. ABALX - Performance Comparison
In the year-to-date period, HADAX achieves a 11.86% return, which is significantly lower than ABALX's 12.77% return. Both investments have delivered pretty close results over the past 10 years, with HADAX having a 7.98% annualized return and ABALX not far ahead at 8.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HADAX vs. ABALX - Expense Ratio Comparison
HADAX has a 0.62% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
HADAX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Balanced HLS Fund (HADAX) and American Funds American Balanced Fund Class A (ABALX). 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.
Dividends
HADAX vs. ABALX - Dividend Comparison
HADAX's dividend yield for the trailing twelve months is around 7.77%, more than ABALX's 2.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HADAX Hartford Balanced HLS Fund | 7.77% | 4.62% | 17.33% | 6.29% | 6.62% | 10.62% | 7.35% | 2.28% | 2.79% | 1.91% | 1.73% | 1.44% |
ABALX American Funds American Balanced Fund Class A | 2.20% | 2.36% | 2.30% | 4.30% | 4.35% | 4.00% | 6.17% | 5.37% | 4.21% | 5.97% | 8.09% | 1.54% |
Drawdowns
HADAX vs. ABALX - Drawdown Comparison
The maximum HADAX drawdown since its inception was -45.36%, which is greater than ABALX's maximum drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for HADAX and ABALX. For additional features, visit the drawdowns tool.
Volatility
HADAX vs. ABALX - Volatility Comparison
The current volatility for Hartford Balanced HLS Fund (HADAX) is 2.18%, while American Funds American Balanced Fund Class A (ABALX) has a volatility of 2.74%. This indicates that HADAX experiences smaller price fluctuations and is considered to be less risky than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.