HEOYX vs. FMIEX

Last updated Jun 23, 2026

HEOYX (Hartford Climate Opportunities Fund) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, HEOYX returned 11.71%/yr vs 11.36%/yr for FMIEX. A 0.73 correlation means they provide meaningful diversification when combined. HEOYX charges 0.79%/yr vs 1.10%/yr for FMIEX.

Performance

HEOYX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Climate Opportunities Fund (HEOYX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEOYX achieves a 18.46% return, which is significantly higher than FMIEX's 11.18% return. Both investments have delivered pretty close results over the past 10 years, with HEOYX having a 11.71% annualized return and FMIEX not far behind at 11.36%.

HEOYX

• 1D: 1.53%
• 1M: 1.14%
• YTD: 18.46%
• 6M: 17.40%
• 1Y: 32.14%
• 3Y*: 14.26%
• 5Y*: 8.06%
• 10Y*: 11.71%

FMIEX

• 1D: -0.65%
• 1M: -2.54%
• YTD: 11.18%
• 6M: 11.79%
• 1Y: 26.32%
• 3Y*: 17.95%
• 5Y*: 12.11%
• 10Y*: 11.36%

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

HEOYX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEOYX Hartford Climate Opportunities Fund	18.46%	18.87%	6.00%	11.49%	-18.30%	14.78%	41.34%	33.96%	-17.85%	21.92%
FMIEX Wasatch Global Value Fund Investor Class Shares	11.18%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between HEOYX and FMIEX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 1, 2016	0.73

The correlation between HEOYX and FMIEX has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.

Return for Risk

HEOYX vs. FMIEX — Risk / Return Rank

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

HEOYX

HEOYX Risk / Return Rank: 55
HEOYX Sharpe Ratio Rank: 50
HEOYX Sortino Ratio Rank: 46
HEOYX Omega Ratio Rank: 46
HEOYX Calmar Ratio Rank: 68
HEOYX Martin Ratio Rank: 63

FMIEX

FMIEX Risk / Return Rank: 86
FMIEX Sharpe Ratio Rank: 90
FMIEX Sortino Ratio Rank: 89
FMIEX Omega Ratio Rank: 80
FMIEX Calmar Ratio Rank: 84
FMIEX Martin Ratio Rank: 85

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.

HEOYX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Climate Opportunities Fund (HEOYX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	HEOYX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.77	-0.83
Sortino ratio: Return per unit of downside risk	2.63	3.99	-1.36
Omega ratio: Gain probability vs. loss probability	1.34	1.48	-0.14
Calmar ratio: Return relative to maximum drawdown	3.05	3.76	-0.71
Martin ratio: Return relative to average drawdown	11.54	14.83	-3.29

HEOYX vs. FMIEX - Sharpe Ratio Comparison

The current HEOYX Sharpe Ratio is 1.93, which is lower than the FMIEX Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of HEOYX and FMIEX, 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

HEOYX vs. FMIEX - Drawdown Comparison

The maximum HEOYX drawdown since its inception was -34.68%, smaller than the maximum FMIEX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for HEOYX and FMIEX.

Drawdown Indicators

	HEOYX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-34.68%	-49.85%	+15.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-7.04%	-3.49%
Max Drawdown (3Y) Largest decline over 3 years	-17.67%	-9.52%	-8.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.45%	-18.63%	-9.82%
Max Drawdown (10Y) Largest decline over 10 years	-34.68%	-39.33%	+4.65%
Current Drawdown Current decline from peak	-2.16%	-3.00%	+0.84%
Average Drawdown Average peak-to-trough decline	-6.34%	-6.57%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	1.78%	+0.99%

Volatility

HEOYX vs. FMIEX - Volatility Comparison

Hartford Climate Opportunities Fund (HEOYX) has a higher volatility of 6.77% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.98%. This indicates that HEOYX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEOYX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.77%	2.98%	+3.79%
Volatility (6M) Calculated over the trailing 6-month period	13.72%	7.51%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	16.60%	9.56%	+7.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	12.71%	+4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	15.73%	+2.02%

HEOYX vs. FMIEX - Expense Ratio Comparison

HEOYX has a 0.79% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

HEOYX vs. FMIEX - Dividend Comparison

HEOYX's dividend yield for the trailing twelve months is around 4.93%, less than FMIEX's 5.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	5.14%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
HEOYX Hartford Climate Opportunities Fund	4.93%	5.84%	2.08%	0.77%	1.15%	5.53%	1.48%	2.81%	17.79%	9.43%	3.21%	0.00%

Frequently Asked Questions

Can I hold both HEOYX and FMIEX in my portfolio?

HEOYX and FMIEX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEOYX or FMIEX?

HEOYX has higher volatility (6.77%) compared to FMIEX (2.98%). In terms of maximum drawdown, HEOYX dropped -34.68% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (2.77 vs 1.93), 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.