Correlation
The correlation between HBLYX and PRWCX is 0.83, 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. PRWCX
Compare and contrast key facts about The Hartford Balanced Income Fund (HBLYX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
HBLYX is managed by Hartford. It was launched on Jul 30, 2006. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBLYX or PRWCX.
Performance
HBLYX vs. PRWCX - Performance Comparison
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Key characteristics
HBLYX:
1.08
PRWCX:
1.00
HBLYX:
1.46
PRWCX:
1.33
HBLYX:
1.20
PRWCX:
1.19
HBLYX:
1.26
PRWCX:
1.05
HBLYX:
4.67
PRWCX:
4.52
HBLYX:
1.69%
PRWCX:
2.19%
HBLYX:
7.63%
PRWCX:
11.44%
HBLYX:
-31.36%
PRWCX:
-41.77%
HBLYX:
-0.70%
PRWCX:
-0.59%
Returns By Period
The year-to-date returns for both stocks are quite close, with HBLYX having a 3.03% return and PRWCX slightly lower at 3.00%. Over the past 10 years, HBLYX has underperformed PRWCX with an annualized return of 5.96%, while PRWCX has yielded a comparatively higher 10.32% annualized return.
HBLYX
3.03%
1.24%
-0.61%
8.18%
4.70%
5.67%
5.96%
PRWCX
3.00%
2.77%
0.68%
11.31%
10.00%
11.14%
10.32%
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HBLYX vs. PRWCX - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is lower than PRWCX's 0.68% expense ratio.
Risk-Adjusted Performance
HBLYX vs. PRWCX — Risk-Adjusted Performance Rank
HBLYX
PRWCX
HBLYX vs. PRWCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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. PRWCX - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 7.07%, less than PRWCX's 10.07% 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% | 2.83% | 3.49% | 7.26% | 5.58% | 3.89% | 4.55% | 4.29% |
PRWCX T. Rowe Price Capital Appreciation Fund | 10.07% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% | 10.03% |
Drawdowns
HBLYX vs. PRWCX - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.36%, smaller than the maximum PRWCX drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for HBLYX and PRWCX.
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Volatility
HBLYX vs. PRWCX - Volatility Comparison
The current volatility for The Hartford Balanced Income Fund (HBLYX) is 2.24%, while T. Rowe Price Capital Appreciation Fund (PRWCX) has a volatility of 3.17%. This indicates that HBLYX experiences smaller price fluctuations and is considered to be less risky than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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