HDGYX vs. IIPR
Compare and contrast key facts about The Hartford Dividend and Growth Fund (HDGYX) and Innovative Industrial Properties, Inc. (IIPR).
HDGYX is managed by Hartford. It was launched on Jul 22, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDGYX or IIPR.
Key characteristics
| HDGYX | IIPR | |
|---|---|---|
| YTD Return | 16.73% | 10.83% |
| 1Y Return | 28.05% | 51.38% |
| 3Y Return (Ann) | 4.49% | -22.56% |
| 5Y Return (Ann) | 9.25% | 10.59% |
| Sharpe Ratio | 2.78 | 1.51 |
| Sortino Ratio | 3.79 | 2.04 |
| Omega Ratio | 1.52 | 1.28 |
| Calmar Ratio | 2.47 | 0.67 |
| Martin Ratio | 18.75 | 8.62 |
| Ulcer Index | 1.44% | 5.46% |
| Daily Std Dev | 9.72% | 31.12% |
| Max Drawdown | -53.48% | -75.43% |
| Current Drawdown | -0.13% | -54.35% |
Correlation
The correlation between HDGYX and IIPR is 0.39, 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
HDGYX vs. IIPR - Performance Comparison
In the year-to-date period, HDGYX achieves a 16.73% return, which is significantly higher than IIPR's 10.83% 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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Risk-Adjusted Performance
HDGYX vs. IIPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Dividend and Growth Fund (HDGYX) and Innovative Industrial Properties, Inc. (IIPR). 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
HDGYX vs. IIPR - Dividend Comparison
HDGYX's dividend yield for the trailing twelve months is around 1.46%, less than IIPR's 6.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGYX The Hartford Dividend and Growth Fund | 1.46% | 1.49% | 1.54% | 1.19% | 1.62% | 1.67% | 2.07% | 1.70% | 1.78% | 1.98% | 1.78% | 1.74% |
IIPR Innovative Industrial Properties, Inc. | 6.99% | 7.16% | 7.01% | 2.18% | 2.44% | 3.73% | 2.64% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDGYX vs. IIPR - Drawdown Comparison
The maximum HDGYX drawdown since its inception was -53.48%, smaller than the maximum IIPR drawdown of -75.43%. Use the drawdown chart below to compare losses from any high point for HDGYX and IIPR. For additional features, visit the drawdowns tool.
Volatility
HDGYX vs. IIPR - Volatility Comparison
The current volatility for The Hartford Dividend and Growth Fund (HDGYX) is 3.04%, while Innovative Industrial Properties, Inc. (IIPR) has a volatility of 14.76%. This indicates that HDGYX experiences smaller price fluctuations and is considered to be less risky than IIPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.