HBLYX vs. BALFX
Compare and contrast key facts about The Hartford Balanced Income Fund (HBLYX) and American Funds American Balanced Fund (BALFX).
HBLYX is managed by Hartford. It was launched on Jul 30, 2006. BALFX is managed by American Funds. It was launched on Mar 15, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBLYX or BALFX.
Key characteristics
| HBLYX | BALFX | |
|---|---|---|
| YTD Return | 9.05% | 16.30% |
| 1Y Return | 18.15% | 25.66% |
| 3Y Return (Ann) | -0.07% | 5.62% |
| 5Y Return (Ann) | 3.66% | 9.06% |
| 10Y Return (Ann) | 4.01% | 8.43% |
| Sharpe Ratio | 2.87 | 3.06 |
| Sortino Ratio | 4.18 | 4.34 |
| Omega Ratio | 1.56 | 1.59 |
| Calmar Ratio | 1.11 | 3.18 |
| Martin Ratio | 16.85 | 21.17 |
| Ulcer Index | 1.08% | 1.22% |
| Daily Std Dev | 6.33% | 8.46% |
| Max Drawdown | -31.64% | -39.30% |
| Current Drawdown | -0.52% | 0.00% |
Correlation
The correlation between HBLYX and BALFX is 0.88, 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
HBLYX vs. BALFX - Performance Comparison
In the year-to-date period, HBLYX achieves a 9.05% return, which is significantly lower than BALFX's 16.30% return. Over the past 10 years, HBLYX has underperformed BALFX with an annualized return of 4.01%, while BALFX has yielded a comparatively higher 8.43% annualized return. 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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HBLYX vs. BALFX - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is higher than BALFX's 0.62% expense ratio.
Risk-Adjusted Performance
HBLYX vs. BALFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and American Funds American Balanced Fund (BALFX). 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
HBLYX vs. BALFX - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 3.52%, more than BALFX's 2.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBLYX The Hartford Balanced Income Fund | 3.52% | 3.44% | 3.12% | 2.31% | 2.37% | 2.65% | 3.21% | 2.67% | 2.81% | 2.86% | 2.75% | 2.60% |
BALFX American Funds American Balanced Fund | 2.08% | 2.31% | 1.63% | 1.13% | 1.28% | 1.85% | 2.02% | 1.71% | 1.71% | 2.40% | 8.02% | 1.51% |
Drawdowns
HBLYX vs. BALFX - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.64%, smaller than the maximum BALFX drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for HBLYX and BALFX. For additional features, visit the drawdowns tool.
Volatility
HBLYX vs. BALFX - Volatility Comparison
The current volatility for The Hartford Balanced Income Fund (HBLYX) is 1.65%, while American Funds American Balanced Fund (BALFX) has a volatility of 2.38%. This indicates that HBLYX experiences smaller price fluctuations and is considered to be less risky than BALFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.