HCKAX vs. USA
HCKAX (Hartford Checks and Balances Fund) is Diversified Portfolio fund managed by Hartford, while USA (Liberty All-Star Equity Fund) is a stock. Over the past 10 years, HCKAX returned 8.99%/yr vs 12.22%/yr for USA. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
HCKAX vs. USA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HCKAX achieves a 6.68% return, which is significantly higher than USA's 0.24% return. Over the past 10 years, HCKAX has underperformed USA with an annualized return of 8.99%, while USA has yielded a comparatively higher 12.22% annualized return.
HCKAX
- 1D
- 0.09%
- 1M
- 1.11%
- 6M
- 5.16%
- YTD
- 6.68%
- 1Y
- 14.22%
- 3Y*
- 12.53%
- 5Y*
- 6.63%
- 10Y*
- 8.99%
USA
- 1D
- 0.34%
- 1M
- 3.83%
- 6M
- -1.64%
- YTD
- 0.24%
- 1Y
- -3.40%
- 3Y*
- 6.94%
- 5Y*
- 1.37%
- 10Y*
- 12.22%
HCKAX vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HCKAX Hartford Checks and Balances Fund | 6.68% | 11.51% | 12.99% | 13.00% | -13.28% | 14.28% | 13.06% | 22.40% | -3.65% | 14.54% |
USA Liberty All-Star Equity Fund | 0.24% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between HCKAX and USA is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.78 |
The correlation between HCKAX and USA has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HCKAX vs. USA — Risk / Return Rank
HCKAX
USA
HCKAX vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Checks and Balances Fund (HCKAX) and Liberty All-Star Equity Fund (USA). 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.
| HCKAX | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.97 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | -0.24 | +2.37 |
| Martin ratioReturn relative to average drawdown | 9.44 | -0.59 | +10.03 |
Loading charts...
Drawdowns
HCKAX vs. USA - Drawdown Comparison
The maximum HCKAX drawdown since its inception was -41.69%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for HCKAX and USA.
Loading charts...
Drawdown Indicators
| HCKAX | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.69% | -69.15% | +27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -14.30% | +7.85% |
Max Drawdown (3Y)Largest decline over 3 years | -11.07% | -17.69% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -34.05% | +13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -26.91% | -47.07% | +20.16% |
Current DrawdownCurrent decline from peak | -0.00% | -5.15% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -11.51% | +6.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 5.97% | -4.51% |
Volatility
HCKAX vs. USA - Volatility Comparison
The current volatility for Hartford Checks and Balances Fund (HCKAX) is 2.55%, while Liberty All-Star Equity Fund (USA) has a volatility of 4.78%. This indicates that HCKAX experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HCKAX | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 4.78% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 10.84% | -4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.25% | 13.97% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 20.19% | -9.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.53% | 22.56% | -11.03% |
Dividends
HCKAX vs. USA - Dividend Comparison
HCKAX's dividend yield for the trailing twelve months is around 6.98%, less than USA's 11.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCKAX Hartford Checks and Balances Fund | 6.98% | 7.43% | 5.85% | 4.57% | 8.94% | 6.33% | 4.41% | 7.45% | 10.66% | 13.93% | 8.70% | 12.58% |
USA Liberty All-Star Equity Fund | 11.41% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Frequently Asked Questions
HCKAX and USA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (4.78%) compared to HCKAX (2.55%). In terms of maximum drawdown, HCKAX dropped -41.69% vs USA's -69.15%.
HCKAX currently has the higher Sharpe Ratio (1.67 vs -0.24), 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.
Find the right allocation for HCKAX and USA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer