Correlation
The correlation between HBLYX and QYLD is 0.80, 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. 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.
Performance
HBLYX vs. QYLD - Performance Comparison
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Key characteristics
HBLYX:
1.08
QYLD:
0.34
HBLYX:
1.46
QYLD:
0.56
HBLYX:
1.20
QYLD:
1.10
HBLYX:
1.26
QYLD:
0.30
HBLYX:
4.67
QYLD:
1.01
HBLYX:
1.69%
QYLD:
5.60%
HBLYX:
7.63%
QYLD:
19.16%
HBLYX:
-31.36%
QYLD:
-24.75%
HBLYX:
-0.70%
QYLD:
-9.67%
Returns By Period
In the year-to-date period, HBLYX achieves a 3.03% return, which is significantly higher than QYLD's -5.59% return. Over the past 10 years, HBLYX has underperformed QYLD with an annualized return of 5.96%, while QYLD has yielded a comparatively higher 7.67% annualized return.
HBLYX
3.03%
1.59%
-0.61%
7.37%
4.70%
5.67%
5.96%
QYLD
-5.59%
1.26%
-3.85%
6.20%
9.43%
7.91%
7.67%
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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 Rank
HBLYX
QYLD
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.
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Dividends
HBLYX vs. QYLD - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 7.07%, less than QYLD's 13.78% 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.78% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
HBLYX vs. QYLD - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.36%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for HBLYX and QYLD.
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Volatility
HBLYX vs. QYLD - Volatility Comparison
The Hartford Balanced Income Fund (HBLYX) has a higher volatility of 2.24% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 1.90%. This indicates that HBLYX's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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