Correlation
The correlation between HBLYX and FXAIX is 0.82, 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.
HBLYX vs. FXAIX
Compare and contrast key facts about The Hartford Balanced Income Fund (HBLYX) and Fidelity 500 Index Fund (FXAIX).
HBLYX is managed by Hartford. It was launched on Jul 30, 2006. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBLYX or FXAIX.
Performance
HBLYX vs. FXAIX - Performance Comparison
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Key characteristics
HBLYX:
1.08
FXAIX:
0.75
HBLYX:
1.46
FXAIX:
1.07
HBLYX:
1.20
FXAIX:
1.15
HBLYX:
1.26
FXAIX:
0.72
HBLYX:
4.67
FXAIX:
2.73
HBLYX:
1.69%
FXAIX:
4.85%
HBLYX:
7.63%
FXAIX:
19.78%
HBLYX:
-31.36%
FXAIX:
-33.79%
HBLYX:
-0.70%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, HBLYX achieves a 3.03% return, which is significantly higher than FXAIX's 1.34% return. Over the past 10 years, HBLYX has underperformed FXAIX with an annualized return of 5.96%, while FXAIX has yielded a comparatively higher 12.68% annualized return.
HBLYX
3.03%
1.59%
-0.61%
7.37%
4.70%
5.67%
5.96%
FXAIX
1.34%
5.62%
-1.07%
13.84%
14.51%
16.00%
12.68%
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HBLYX vs. FXAIX - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
HBLYX vs. FXAIX — Risk-Adjusted Performance Rank
HBLYX
FXAIX
HBLYX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
HBLYX vs. FXAIX - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 7.07%, more than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBLYX The Hartford Balanced Income Fund | 7.07% | 7.23% | 3.44% | 6.16% | 7.00% | 2.82% | 3.49% | 7.26% | 5.58% | 3.89% | 4.55% | 4.30% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
HBLYX vs. FXAIX - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.36%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for HBLYX and FXAIX.
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Volatility
HBLYX vs. FXAIX - Volatility Comparison
The current volatility for The Hartford Balanced Income Fund (HBLYX) is 2.24%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.77%. This indicates that HBLYX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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