HCVAX vs. TGPCX

Last updated Jun 23, 2026

HCVAX (Hartford Conservative Allocation Fund) and TGPCX (TCW Conservative Allocation Fund) are both Diversified Portfolio funds. Over the past 10 years, HCVAX returned 5.38%/yr vs 5.95%/yr for TGPCX. Their correlation of 0.88 suggests significant overlap in exposure. HCVAX charges 0.59%/yr vs 0.41%/yr for TGPCX.

Performance

HCVAX vs. TGPCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Conservative Allocation Fund (HCVAX) and TCW Conservative Allocation Fund (TGPCX). 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 lower than TGPCX's 5.07% return. Over the past 10 years, HCVAX has underperformed TGPCX with an annualized return of 5.38%, while TGPCX has yielded a comparatively higher 5.95% 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%

TGPCX

• 1D: 0.65%
• 1M: 1.39%
• YTD: 5.07%
• 6M: 4.90%
• 1Y: 10.14%
• 3Y*: 9.27%
• 5Y*: 4.17%
• 10Y*: 5.95%

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

HCVAX vs. TGPCX - 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%
TGPCX TCW Conservative Allocation Fund	5.07%	9.17%	4.10%	16.54%	-15.22%	8.45%	14.24%	14.83%	-3.10%	8.83%

Correlation

The correlation between HCVAX and TGPCX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006	0.88

The correlation between HCVAX and TGPCX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

HCVAX vs. TGPCX — 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

TGPCX

TGPCX Risk / Return Rank: 42
TGPCX Sharpe Ratio Rank: 41
TGPCX Sortino Ratio Rank: 41
TGPCX Omega Ratio Rank: 42
TGPCX Calmar Ratio Rank: 40
TGPCX Martin Ratio Rank: 47

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. TGPCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Conservative Allocation Fund (HCVAX) and TCW Conservative Allocation Fund (TGPCX). 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	TGPCX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.73	+0.32
Sortino ratio: Return per unit of downside risk	2.94	2.48	+0.46
Omega ratio: Gain probability vs. loss probability	1.40	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	2.58	2.30	+0.28
Martin ratio: Return relative to average drawdown	11.55	9.42	+2.13

HCVAX vs. TGPCX - Sharpe Ratio Comparison

The current HCVAX Sharpe Ratio is 2.06, which is comparable to the TGPCX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of HCVAX and TGPCX, 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. TGPCX - Drawdown Comparison

The maximum HCVAX drawdown since its inception was -31.09%, which is greater than TGPCX's maximum drawdown of -21.03%. Use the drawdown chart below to compare losses from any high point for HCVAX and TGPCX.

Drawdown Indicators

	HCVAX	TGPCX	Difference
Max Drawdown Largest peak-to-trough decline	-31.09%	-21.03%	-10.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.67%	-4.43%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-6.41%	-7.12%	+0.71%
Max Drawdown (5Y) Largest decline over 5 years	-18.45%	-20.27%	+1.82%
Max Drawdown (10Y) Largest decline over 10 years	-18.45%	-20.27%	+1.82%
Current Drawdown Current decline from peak	-0.24%	-0.08%	-0.16%
Average Drawdown Average peak-to-trough decline	-3.72%	-3.13%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	1.08%	-0.04%

Volatility

HCVAX vs. TGPCX - Volatility Comparison

The current volatility for Hartford Conservative Allocation Fund (HCVAX) is 2.33%, while TCW Conservative Allocation Fund (TGPCX) has a volatility of 2.56%. This indicates that HCVAX experiences smaller price fluctuations and is considered to be less risky than TGPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCVAX	TGPCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.33%	2.56%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	4.84%	4.93%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	5.88%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.98%	7.97%	-0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.75%	7.72%	-0.97%

HCVAX vs. TGPCX - Expense Ratio Comparison

HCVAX has a 0.59% expense ratio, which is higher than TGPCX's 0.41% expense ratio.

Dividends

HCVAX vs. TGPCX - Dividend Comparison

HCVAX's dividend yield for the trailing twelve months is around 3.05%, less than TGPCX's 4.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TGPCX TCW Conservative Allocation Fund	4.36%	4.58%	7.42%	3.00%	4.86%	9.89%	1.47%	7.04%	6.71%	4.24%	6.84%	3.94%

Frequently Asked Questions

Can I hold both HCVAX and TGPCX in my portfolio?

With a correlation of 0.92, HCVAX and TGPCX 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 TGPCX?

TGPCX has higher volatility (2.56%) compared to HCVAX (2.33%). In terms of maximum drawdown, HCVAX dropped -31.09% vs TGPCX's -21.03%.

Which has better risk-adjusted returns?

HCVAX currently has the higher Sharpe Ratio (2.06 vs 1.73), 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.