HCVAX vs. FLRUX

Last updated Jun 23, 2026

HCVAX (Hartford Conservative Allocation Fund) and FLRUX (Meeder Conservative Allocation Fund) are both Diversified Portfolio funds. Over the past 10 years, HCVAX returned 5.38%/yr vs 4.81%/yr for FLRUX. Their correlation of 0.80 suggests significant overlap in exposure. HCVAX charges 0.59%/yr vs 1.21%/yr for FLRUX.

Performance

HCVAX vs. FLRUX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Conservative Allocation Fund (HCVAX) and Meeder Conservative Allocation Fund (FLRUX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCVAX achieves a 4.44% return, which is significantly higher than FLRUX's 4.18% return. Over the past 10 years, HCVAX has outperformed FLRUX with an annualized return of 5.38%, while FLRUX has yielded a comparatively lower 4.81% annualized return.

HCVAX

• 1D: 0.48%
• 1M: 0.97%
• YTD: 4.44%
• 6M: 4.52%
• 1Y: 12.08%
• 3Y*: 9.59%
• 5Y*: 4.10%
• 10Y*: 5.38%

FLRUX

• 1D: 0.48%
• 1M: 1.13%
• YTD: 4.18%
• 6M: 3.98%
• 1Y: 11.35%
• 3Y*: 8.64%
• 5Y*: 3.88%
• 10Y*: 4.81%

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

HCVAX vs. FLRUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCVAX Hartford Conservative Allocation Fund	4.44%	11.09%	8.52%	9.63%	-13.42%	5.38%	8.75%	13.79%	-3.78%	10.07%
FLRUX Meeder Conservative Allocation Fund	4.18%	8.55%	6.53%	9.67%	-10.23%	4.64%	6.28%	10.25%	-2.61%	7.64%

Correlation

The correlation between HCVAX and FLRUX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jun 1, 2004	0.80

The correlation between HCVAX and FLRUX shifts across timeframes, from 0.80 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HCVAX vs. FLRUX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HCVAX

HCVAX Risk / Return Rank: 58
HCVAX Sharpe Ratio Rank: 57
HCVAX Sortino Ratio Rank: 59
HCVAX Omega Ratio Rank: 63
HCVAX Calmar Ratio Rank: 50
HCVAX Martin Ratio Rank: 62

FLRUX

FLRUX Risk / Return Rank: 56
FLRUX Sharpe Ratio Rank: 56
FLRUX Sortino Ratio Rank: 59
FLRUX Omega Ratio Rank: 60
FLRUX Calmar Ratio Rank: 49
FLRUX Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HCVAX vs. FLRUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Conservative Allocation Fund (HCVAX) and Meeder Conservative Allocation Fund (FLRUX). 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.

	HCVAX	FLRUX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.04	+0.02
Sortino ratio: Return per unit of downside risk	2.94	2.94	0.00
Omega ratio: Gain probability vs. loss probability	1.40	1.39	+0.01
Calmar ratio: Return relative to maximum drawdown	2.58	2.56	+0.02
Martin ratio: Return relative to average drawdown	11.55	10.63	+0.93

HCVAX vs. FLRUX - Sharpe Ratio Comparison

The current HCVAX Sharpe Ratio is 2.06, which is comparable to the FLRUX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of HCVAX and FLRUX, 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

HCVAX vs. FLRUX - Drawdown Comparison

The maximum HCVAX drawdown since its inception was -31.09%, smaller than the maximum FLRUX drawdown of -52.36%. Use the drawdown chart below to compare losses from any high point for HCVAX and FLRUX.

Drawdown Indicators

	HCVAX	FLRUX	Difference
Max Drawdown Largest peak-to-trough decline	-31.09%	-52.36%	+21.27%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-4.44%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-6.41%	-6.21%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-18.45%	-16.32%	-2.13%
Max Drawdown (10Y) Largest decline over 10 years	-18.45%	-16.32%	-2.13%
Current Drawdown Current decline from peak	-0.24%	-0.12%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.72%	-9.71%	+5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	1.07%	-0.03%

Volatility

HCVAX vs. FLRUX - Volatility Comparison

Hartford Conservative Allocation Fund (HCVAX) and Meeder Conservative Allocation Fund (FLRUX) have volatilities of 2.33% and 2.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCVAX	FLRUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.22%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	4.61%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	5.57%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.98%	6.30%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.75%	6.74%	+0.01%

HCVAX vs. FLRUX - Expense Ratio Comparison

HCVAX has a 0.59% expense ratio, which is lower than FLRUX's 1.21% expense ratio.

Dividends

HCVAX vs. FLRUX - Dividend Comparison

HCVAX's dividend yield for the trailing twelve months is around 3.05%, less than FLRUX's 3.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLRUX Meeder Conservative Allocation Fund	3.57%	3.69%	2.72%	2.78%	1.77%	5.82%	1.48%	2.14%	3.67%	1.81%	2.07%	38.78%
HCVAX Hartford Conservative Allocation Fund	3.05%	3.19%	2.95%	2.54%	2.52%	4.72%	1.51%	2.52%	3.22%	3.01%	1.35%	1.66%

Frequently Asked Questions

Can I hold both HCVAX and FLRUX in my portfolio?

With a correlation of 0.96, HCVAX and FLRUX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HCVAX or FLRUX?

HCVAX has higher volatility (2.33%) compared to FLRUX (2.22%). In terms of maximum drawdown, HCVAX dropped -31.09% vs FLRUX's -52.36%.

Which has better risk-adjusted returns?

HCVAX currently has the higher Sharpe Ratio (2.06 vs 2.04), 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.