HBLYX vs. WCPNX
Compare and contrast key facts about The Hartford Balanced Income Fund (HBLYX) and Weitz Core Plus Income Fund (WCPNX).
HBLYX is managed by Hartford. It was launched on Jul 30, 2006. WCPNX is managed by Weitz. It was launched on Jul 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBLYX or WCPNX.
Key characteristics
| HBLYX | WCPNX | |
|---|---|---|
| YTD Return | 9.05% | 3.94% |
| 1Y Return | 18.15% | 8.53% |
| 3Y Return (Ann) | -0.07% | 0.11% |
| 5Y Return (Ann) | 3.66% | 2.15% |
| 10Y Return (Ann) | 4.01% | 2.68% |
| Sharpe Ratio | 2.87 | 1.65 |
| Sortino Ratio | 4.18 | 2.49 |
| Omega Ratio | 1.56 | 1.30 |
| Calmar Ratio | 1.11 | 1.02 |
| Martin Ratio | 16.85 | 7.00 |
| Ulcer Index | 1.08% | 1.28% |
| Daily Std Dev | 6.33% | 5.45% |
| Max Drawdown | -31.64% | -13.87% |
| Current Drawdown | -0.52% | -2.56% |
Correlation
The correlation between HBLYX and WCPNX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HBLYX vs. WCPNX - Performance Comparison
In the year-to-date period, HBLYX achieves a 9.05% return, which is significantly higher than WCPNX's 3.94% return. Over the past 10 years, HBLYX has outperformed WCPNX with an annualized return of 4.01%, while WCPNX has yielded a comparatively lower 2.68% 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. WCPNX - Expense Ratio Comparison
HBLYX has a 0.64% expense ratio, which is lower than WCPNX's 0.89% expense ratio.
Risk-Adjusted Performance
HBLYX vs. WCPNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Balanced Income Fund (HBLYX) and Weitz Core Plus Income Fund (WCPNX). 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. WCPNX - Dividend Comparison
HBLYX's dividend yield for the trailing twelve months is around 3.52%, less than WCPNX's 5.22% 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% |
WCPNX Weitz Core Plus Income Fund | 5.22% | 5.73% | 2.93% | 2.23% | 3.31% | 2.72% | 2.55% | 2.11% | 2.43% | 1.78% | 0.58% | 0.00% |
Drawdowns
HBLYX vs. WCPNX - Drawdown Comparison
The maximum HBLYX drawdown since its inception was -31.64%, which is greater than WCPNX's maximum drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for HBLYX and WCPNX. For additional features, visit the drawdowns tool.
Volatility
HBLYX vs. WCPNX - Volatility Comparison
The Hartford Balanced Income Fund (HBLYX) has a higher volatility of 1.65% compared to Weitz Core Plus Income Fund (WCPNX) at 1.45%. This indicates that HBLYX's price experiences larger fluctuations and is considered to be riskier than WCPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.