HBLYX vs. HFLYX
HBLYX (The Hartford Balanced Income Fund) and HFLYX (Hartford Floating Rate Fund) are both mutual funds - HBLYX is a Diversified Portfolio fund managed by Hartford, while HFLYX is a Bank Loan fund managed by Hartford. Over the past 10 years, HBLYX returned 6.77%/yr vs 4.30%/yr for HFLYX. At a 0.24 correlation, their price movements are largely independent. HBLYX charges 0.64%/yr vs 0.74%/yr for HFLYX.
Performance
HBLYX vs. HFLYX - Performance Comparison
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Returns By Period
In the year-to-date period, HBLYX achieves a 2.84% return, which is significantly higher than HFLYX's 1.11% return. Over the past 10 years, HBLYX has outperformed HFLYX with an annualized return of 6.77%, while HFLYX has yielded a comparatively lower 4.30% annualized return.
HBLYX
- 1D
- 0.13%
- 1M
- 0.40%
- YTD
- 2.84%
- 6M
- 2.70%
- 1Y
- 9.80%
- 3Y*
- 9.19%
- 5Y*
- 5.04%
- 10Y*
- 6.77%
HFLYX
- 1D
- 0.00%
- 1M
- 0.51%
- YTD
- 1.11%
- 6M
- 1.83%
- 1Y
- 4.35%
- 3Y*
- 5.79%
- 5Y*
- 3.95%
- 10Y*
- 4.30%
HBLYX vs. HFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBLYX The Hartford Balanced Income Fund | 2.84% | 10.03% | 9.00% | 7.95% | -8.18% | 10.01% | 7.73% | 19.36% | -4.82% | 11.78% |
HFLYX Hartford Floating Rate Fund | 1.11% | 4.79% | 6.50% | 9.79% | -3.40% | 4.02% | 1.32% | 8.56% | -0.62% | 4.94% |
Correlation
The correlation between HBLYX and HFLYX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2006 | 0.24 |
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Return for Risk
HBLYX vs. HFLYX — Risk / Return Rank
HBLYX
HFLYX
HBLYX vs. HFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and Hartford Floating Rate Fund (HFLYX). 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.
| HBLYX | HFLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.31 | -0.54 |
| Martin ratioReturn relative to average drawdown | 6.46 | 7.12 | -0.66 |
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Drawdowns
HBLYX vs. HFLYX - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.36%, smaller than the maximum HFLYX drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for HBLYX and HFLYX.
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Drawdown Indicators
| HBLYX | HFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -33.12% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.59% | -1.95% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -7.71% | -3.42% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.92% | -7.48% | -8.44% |
Max Drawdown (10Y)Largest decline over 10 years | -23.19% | -22.42% | -0.77% |
Current DrawdownCurrent decline from peak | -1.11% | -0.27% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -2.06% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.63% | +0.90% |
Volatility
HBLYX vs. HFLYX - Volatility Comparison
The Hartford Balanced Income Fund (HBLYX) has a higher volatility of 1.86% compared to Hartford Floating Rate Fund (HFLYX) at 0.73%. This indicates that HBLYX's price experiences larger fluctuations and is considered to be riskier than HFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBLYX | HFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 0.73% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.61% | 2.08% | +2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.98% | 2.75% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 2.99% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 4.09% | +4.31% |
HBLYX vs. HFLYX - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is lower than HFLYX's 0.74% expense ratio.
Dividends
HBLYX vs. HFLYX - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 6.78%, less than HFLYX's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBLYX The Hartford Balanced Income Fund | 6.78% | 6.97% | 9.70% | 3.44% | 6.90% | 7.00% | 2.83% | 3.49% | 7.25% | 5.58% | 3.89% | 4.54% |
HFLYX Hartford Floating Rate Fund | 7.71% | 7.23% | 6.68% | 7.20% | 5.18% | 3.22% | 3.68% | 4.68% | 6.17% | 4.23% | 4.34% | 4.72% |
Frequently Asked Questions
HBLYX and HFLYX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBLYX has higher volatility (1.86%) compared to HFLYX (0.73%). In terms of maximum drawdown, HBLYX dropped -31.36% vs HFLYX's -33.12%.
HBLYX currently has the higher Sharpe Ratio (1.66 vs 1.64), 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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