HBLYX vs. QYLD
Compare and contrast key facts about The Hartford Balanced Income Fund (HBLYX) and Global X NASDAQ 100 Covered Call ETF (QYLD).
HBLYX is managed by Hartford. It was launched on Jul 30, 2006. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBLYX or QYLD.
Key characteristics
| HBLYX | QYLD | |
|---|---|---|
| YTD Return | 9.05% | 17.94% |
| 1Y Return | 18.15% | 22.60% |
| 3Y Return (Ann) | -0.07% | 5.31% |
| 5Y Return (Ann) | 3.66% | 7.65% |
| 10Y Return (Ann) | 4.01% | 8.44% |
| Sharpe Ratio | 2.87 | 2.25 |
| Sortino Ratio | 4.18 | 3.09 |
| Omega Ratio | 1.56 | 1.55 |
| Calmar Ratio | 1.11 | 2.91 |
| Martin Ratio | 16.85 | 16.04 |
| Ulcer Index | 1.08% | 1.41% |
| Daily Std Dev | 6.33% | 10.05% |
| Max Drawdown | -31.64% | -24.89% |
| Current Drawdown | -0.52% | 0.00% |
Correlation
The correlation between HBLYX and QYLD is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HBLYX vs. QYLD - Performance Comparison
In the year-to-date period, HBLYX achieves a 9.05% return, which is significantly lower than QYLD's 17.94% return. Over the past 10 years, HBLYX has underperformed QYLD with an annualized return of 4.01%, while QYLD has yielded a comparatively higher 8.44% 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. QYLD - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
HBLYX vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 3.52%, less than QYLD's 11.26% 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.26% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
HBLYX vs. QYLD - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.64%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for HBLYX and QYLD. For additional features, visit the drawdowns tool.
Volatility
HBLYX vs. QYLD - Volatility Comparison
The current volatility for The Hartford Balanced Income Fund (HBLYX) is 1.65%, while Global X NASDAQ 100 Covered Call ETF (QYLD) has a volatility of 2.54%. This indicates that HBLYX experiences smaller price fluctuations and is considered to be less risky than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.