HCAYX vs. NYVTX

Last updated Aug 5, 2026

HCAYX (The Hartford Capital Appreciation Fund) and NYVTX (Davis New York Venture Fund) are both Large Cap Blend Equities funds. Over the past 10 years, HCAYX returned 12.29%/yr vs 13.17%/yr for NYVTX. Their correlation of 0.86 means they have usually moved in the same direction. HCAYX charges 0.80%/yr vs 0.89%/yr for NYVTX.

Performance

HCAYX vs. NYVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford Capital Appreciation Fund (HCAYX) and Davis New York Venture Fund (NYVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCAYX achieves a 8.33% return, which is significantly lower than NYVTX's 15.07% return. Over the past 10 years, HCAYX has underperformed NYVTX with an annualized return of 12.29%, while NYVTX has yielded a comparatively higher 13.17% annualized return.

HCAYX

• 1D: 1.53%
• 1M: 0.82%
• 6M: 7.96%
• YTD: 8.33%
• 1Y: 16.04%
• 3Y*: 15.18%
• 5Y*: 7.93%
• 10Y*: 12.29%
• ALL TIME*: 12.50%

NYVTX

• 1D: 1.00%
• 1M: 3.34%
• 6M: 10.16%
• YTD: 15.07%
• 1Y: 33.03%
• 3Y*: 21.85%
• 5Y*: 12.38%
• 10Y*: 13.17%
• ALL TIME*: 9.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HCAYX The Hartford Capital Appreciation Fund	$0.00	$0.00	$0.00
NYVTX Davis New York Venture Fund	$0.00	$0.00	$0.00

HCAYX vs. NYVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCAYX The Hartford Capital Appreciation Fund	8.33%	10.66%	20.31%	19.24%	-17.64%	15.56%	21.14%	35.95%	-4.83%	21.82%
NYVTX Davis New York Venture Fund	15.07%	26.83%	17.27%	30.14%	-17.54%	12.47%	11.42%	30.99%	-12.99%	22.18%

Correlation

The correlation between HCAYX and NYVTX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jul 22, 1996	0.86

The correlation between HCAYX and NYVTX shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HCAYX vs. NYVTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HCAYX

HCAYX Risk / Return Rank: 40
HCAYX Sharpe Ratio Rank: 40
HCAYX Sortino Ratio Rank: 38
HCAYX Omega Ratio Rank: 38
HCAYX Calmar Ratio Rank: 38
HCAYX Martin Ratio Rank: 45

NYVTX

NYVTX Risk / Return Rank: 95
NYVTX Sharpe Ratio Rank: 97
NYVTX Sortino Ratio Rank: 94
NYVTX Omega Ratio Rank: 92
NYVTX Calmar Ratio Rank: 95
NYVTX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HCAYX vs. NYVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford Capital Appreciation Fund (HCAYX) and Davis New York Venture Fund (NYVTX). 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.

	HCAYX	NYVTX	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.81	-1.44
Sortino ratio: Return per unit of downside risk	1.92	3.79	-1.87
Omega ratio: Gain probability vs. loss probability	1.25	1.49	-0.24
Calmar ratio: Return relative to maximum drawdown	1.77	4.34	-2.57
Martin ratio: Return relative to average drawdown	7.06	17.16	-10.10

HCAYX vs. NYVTX - Sharpe Ratio Comparison

The current HCAYX Sharpe Ratio is 1.37, which is lower than the NYVTX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of HCAYX and NYVTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HCAYX vs. NYVTX - Drawdown Comparison

The maximum HCAYX drawdown since its inception was -59.00%, roughly equal to the maximum NYVTX drawdown of -58.56%. Use the drawdown chart below to compare losses from any high point for HCAYX and NYVTX.

Drawdown Indicators

	HCAYX	NYVTX	Difference
Max Drawdown Largest peak-to-trough decline	-59.00%	-58.56%	-0.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-8.01%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-21.77%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-26.48%	-30.49%	+4.01%
Max Drawdown (10Y) Largest decline over 10 years	-36.31%	-36.98%	+0.67%
Current Drawdown Current decline from peak	-1.56%	0.00%	-1.56%
Average Drawdown Average peak-to-trough decline	-10.34%	-10.14%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.02%	+0.51%

Volatility

HCAYX vs. NYVTX - Volatility Comparison

The Hartford Capital Appreciation Fund (HCAYX) has a higher volatility of 3.75% compared to Davis New York Venture Fund (NYVTX) at 2.94%. This indicates that HCAYX's price experiences larger fluctuations and is considered to be riskier than NYVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCAYX	NYVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	2.94%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	8.86%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	12.40%	+0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	19.64%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	19.95%	-1.96%

HCAYX vs. NYVTX - Expense Ratio Comparison

HCAYX has a 0.80% expense ratio, which is lower than NYVTX's 0.89% expense ratio.

Dividends

HCAYX vs. NYVTX - Dividend Comparison

HCAYX's dividend yield for the trailing twelve months is around 5.08%, less than NYVTX's 9.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCAYX The Hartford Capital Appreciation Fund	5.08%	5.50%	7.89%	0.41%	4.97%	13.12%	4.31%	7.95%	16.29%	13.10%	0.73%	8.62%
NYVTX Davis New York Venture Fund	9.45%	11.46%	21.31%	7.92%	7.48%	21.93%	5.88%	7.54%	24.08%	8.32%	12.85%	22.97%

Frequently Asked Questions

Can I hold both HCAYX and NYVTX in my portfolio?

HCAYX and NYVTX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HCAYX or NYVTX?

HCAYX has higher volatility (3.75%) compared to NYVTX (2.94%). In terms of maximum drawdown, HCAYX dropped -59.00% vs NYVTX's -58.56%.

Which has better risk-adjusted returns?

NYVTX currently has the higher Sharpe Ratio (2.81 vs 1.37), 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.