HDGYX vs. INDEX

Last updated Aug 1, 2026

HDGYX (The Hartford Dividend and Growth Fund) and INDEX (CYBER HORNET S&P 500) are both mutual funds - HDGYX is a Large Cap Value Equities fund managed by Hartford, while INDEX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HDGYX returned 13.29%/yr vs 12.52%/yr for INDEX. Their correlation of 0.92 means they have usually moved in the same direction. HDGYX charges 0.69%/yr vs 0.25%/yr for INDEX.

Performance

HDGYX vs. INDEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford Dividend and Growth Fund (HDGYX) and CYBER HORNET S&P 500 (INDEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDGYX achieves a 12.49% return, which is significantly higher than INDEX's 9.20% return. Over the past 10 years, HDGYX has outperformed INDEX with an annualized return of 13.29%, while INDEX has yielded a comparatively lower 12.52% annualized return.

HDGYX

• 1D: 1.11%
• 1M: 1.23%
• 6M: 10.22%
• YTD: 12.49%
• 1Y: 27.39%
• 3Y*: 15.46%
• 5Y*: 11.16%
• 10Y*: 13.29%
• ALL TIME*: 10.39%

INDEX

• 1D: 1.66%
• 1M: -0.57%
• 6M: 7.71%
• YTD: 9.20%
• 1Y: 20.59%
• 3Y*: 17.12%
• 5Y*: 10.90%
• 10Y*: 12.52%
• ALL TIME*: 11.20%

*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)
HDGYX The Hartford Dividend and Growth Fund	$0.00	$0.00	$0.00
INDEX CYBER HORNET S&P 500	$0.00	$0.00	$0.00

HDGYX vs. INDEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDGYX The Hartford Dividend and Growth Fund	12.49%	17.15%	12.41%	14.11%	-8.62%	31.32%	8.03%	31.88%	-5.44%	18.29%
INDEX CYBER HORNET S&P 500	9.20%	17.77%	24.73%	10.58%	-11.84%	29.10%	12.75%	28.98%	-7.83%	18.70%

Correlation

The correlation between HDGYX and INDEX is 0.77, 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.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since May 11, 2015	0.92

The correlation between HDGYX and INDEX shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HDGYX vs. INDEX — Risk / Return Rank

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

HDGYX

HDGYX Risk / Return Rank: 88
HDGYX Sharpe Ratio Rank: 90
HDGYX Sortino Ratio Rank: 86
HDGYX Omega Ratio Rank: 83
HDGYX Calmar Ratio Rank: 88
HDGYX Martin Ratio Rank: 93

INDEX

INDEX Risk / Return Rank: 63
INDEX Sharpe Ratio Rank: 61
INDEX Sortino Ratio Rank: 57
INDEX Omega Ratio Rank: 58
INDEX Calmar Ratio Rank: 64
INDEX Martin Ratio Rank: 75

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.

HDGYX vs. INDEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford Dividend and Growth Fund (HDGYX) and CYBER HORNET S&P 500 (INDEX). 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.

	HDGYX	INDEX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.43	+0.82
Sortino ratio: Return per unit of downside risk	3.14	2.00	+1.13
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	3.11	2.05	+1.06
Martin ratio: Return relative to average drawdown	13.75	8.84	+4.91

HDGYX vs. INDEX - Sharpe Ratio Comparison

The current HDGYX Sharpe Ratio is 2.25, which is higher than the INDEX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of HDGYX and INDEX, 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

HDGYX vs. INDEX - Drawdown Comparison

The maximum HDGYX drawdown since its inception was -50.78%, which is greater than INDEX's maximum drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for HDGYX and INDEX.

Drawdown Indicators

	HDGYX	INDEX	Difference
Max Drawdown Largest peak-to-trough decline	-50.78%	-38.82%	-11.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-8.93%	+0.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.70%	-18.75%	+5.05%
Max Drawdown (5Y) Largest decline over 5 years	-18.79%	-21.52%	+2.73%
Max Drawdown (10Y) Largest decline over 10 years	-34.98%	-38.82%	+3.84%
Current Drawdown Current decline from peak	-0.22%	-2.10%	+1.88%
Average Drawdown Average peak-to-trough decline	-5.79%	-4.59%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.07%	-0.25%

Volatility

HDGYX vs. INDEX - Volatility Comparison

The current volatility for The Hartford Dividend and Growth Fund (HDGYX) is 3.04%, while CYBER HORNET S&P 500 (INDEX) has a volatility of 3.44%. This indicates that HDGYX experiences smaller price fluctuations and is considered to be less risky than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDGYX	INDEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.44%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	10.11%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	12.83%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	16.82%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	18.61%	-2.06%

HDGYX vs. INDEX - Expense Ratio Comparison

HDGYX has a 0.69% expense ratio, which is higher than INDEX's 0.25% expense ratio.

Dividends

HDGYX vs. INDEX - Dividend Comparison

HDGYX's dividend yield for the trailing twelve months is around 10.91%, more than INDEX's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDGYX The Hartford Dividend and Growth Fund	10.91%	12.31%	10.61%	1.82%	6.08%	5.80%	3.61%	7.15%	12.64%	11.68%	4.92%	10.83%
INDEX CYBER HORNET S&P 500	0.95%	1.04%	1.97%	1.56%	3.25%	1.81%	1.53%	1.61%	3.09%	1.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDGYX and INDEX in my portfolio?

HDGYX and INDEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDGYX or INDEX?

INDEX has higher volatility (3.44%) compared to HDGYX (3.04%). In terms of maximum drawdown, HDGYX dropped -50.78% vs INDEX's -38.82%.

Which has better risk-adjusted returns?

HDGYX currently has the higher Sharpe Ratio (2.25 vs 1.43), 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.