Correlation
The correlation between HDGYX and SPYI is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
HDGYX vs. SPYI
Compare and contrast key facts about The Hartford Dividend and Growth Fund (HDGYX) and NEOS S&P 500 High Income ETF (SPYI).
HDGYX is managed by Hartford. It was launched on Jul 22, 1996. SPYI is an actively managed fund by Neos. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDGYX or SPYI.
Performance
HDGYX vs. SPYI - Performance Comparison
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Key characteristics
HDGYX:
0.47
SPYI:
0.72
HDGYX:
0.66
SPYI:
1.06
HDGYX:
1.10
SPYI:
1.17
HDGYX:
0.43
SPYI:
0.71
HDGYX:
1.69
SPYI:
2.95
HDGYX:
3.47%
SPYI:
3.96%
HDGYX:
14.95%
SPYI:
17.19%
HDGYX:
-50.77%
SPYI:
-16.47%
HDGYX:
-2.71%
SPYI:
-2.63%
Returns By Period
In the year-to-date period, HDGYX achieves a 2.26% return, which is significantly higher than SPYI's 1.48% return.
HDGYX
2.26%
3.54%
-2.71%
5.58%
7.99%
13.79%
10.43%
SPYI
1.48%
4.27%
-0.36%
11.69%
N/A
N/A
N/A
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HDGYX vs. SPYI - Expense Ratio Comparison
HDGYX has a 0.69% expense ratio, which is higher than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
HDGYX vs. SPYI — Risk-Adjusted Performance Rank
HDGYX
SPYI
HDGYX vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Dividend and Growth Fund (HDGYX) and NEOS S&P 500 High Income ETF (SPYI). 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.
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Dividends
HDGYX vs. SPYI - Dividend Comparison
HDGYX's dividend yield for the trailing twelve months is around 10.38%, less than SPYI's 12.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDGYX The Hartford Dividend and Growth Fund | 10.38% | 10.61% | 1.82% | 6.08% | 5.80% | 3.61% | 4.41% | 12.64% | 11.68% | 4.92% | 10.84% | 10.73% |
SPYI NEOS S&P 500 High Income ETF | 12.54% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDGYX vs. SPYI - Drawdown Comparison
The maximum HDGYX drawdown since its inception was -50.77%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for HDGYX and SPYI.
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Volatility
HDGYX vs. SPYI - Volatility Comparison
The Hartford Dividend and Growth Fund (HDGYX) has a higher volatility of 4.06% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.21%. This indicates that HDGYX's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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