HEQFX vs. SMDIX

Last updated Aug 1, 2026

HEQFX (Monteagle Opportunity Equity Fund) and SMDIX (Hartford Schroders US MidCap Opportunities Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, HEQFX returned 9.61%/yr vs 10.64%/yr for SMDIX. Their correlation of 0.92 means they have usually moved in the same direction. HEQFX charges 1.71%/yr vs 0.89%/yr for SMDIX.

Performance

HEQFX vs. SMDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monteagle Opportunity Equity Fund (HEQFX) and Hartford Schroders US MidCap Opportunities Fund (SMDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HEQFX achieves a 12.49% return, which is significantly lower than SMDIX's 16.40% return. Over the past 10 years, HEQFX has underperformed SMDIX with an annualized return of 9.61%, while SMDIX has yielded a comparatively higher 10.64% annualized return.

HEQFX

• 1D: -0.38%
• 1M: 0.77%
• 6M: 6.76%
• YTD: 12.49%
• 1Y: 21.50%
• 3Y*: 11.09%
• 5Y*: 8.25%
• 10Y*: 9.61%
• ALL TIME*: 7.29%

SMDIX

• 1D: -0.36%
• 1M: -1.42%
• 6M: 12.33%
• YTD: 16.40%
• 1Y: 26.97%
• 3Y*: 14.34%
• 5Y*: 8.84%
• 10Y*: 10.64%
• ALL TIME*: 9.69%

*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)
HEQFX Monteagle Opportunity Equity Fund	$0.00	$0.00	$0.00
SMDIX Hartford Schroders US MidCap Opportunities Fund	$0.00	$0.00	$0.00

HEQFX vs. SMDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HEQFX Monteagle Opportunity Equity Fund	12.49%	9.63%	7.69%	13.38%	-5.43%	20.00%	12.46%	25.07%	-11.61%	10.48%
SMDIX Hartford Schroders US MidCap Opportunities Fund	16.40%	7.45%	15.41%	12.69%	-12.44%	26.06%	9.17%	28.05%	-11.03%	15.58%

Correlation

The correlation between HEQFX and SMDIX is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Apr 3, 2006	0.92

The correlation between HEQFX and SMDIX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

HEQFX vs. SMDIX — Risk / Return Rank

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

HEQFX

HEQFX Risk / Return Rank: 56
HEQFX Sharpe Ratio Rank: 48
HEQFX Sortino Ratio Rank: 52
HEQFX Omega Ratio Rank: 47
HEQFX Calmar Ratio Rank: 72
HEQFX Martin Ratio Rank: 58

SMDIX

SMDIX Risk / Return Rank: 80
SMDIX Sharpe Ratio Rank: 76
SMDIX Sortino Ratio Rank: 73
SMDIX Omega Ratio Rank: 71
SMDIX Calmar Ratio Rank: 89
SMDIX Martin Ratio Rank: 92

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.

HEQFX vs. SMDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monteagle Opportunity Equity Fund (HEQFX) and Hartford Schroders US MidCap Opportunities Fund (SMDIX). 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.

	HEQFX	SMDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.80	-0.44
Sortino ratio: Return per unit of downside risk	2.04	2.55	-0.51
Omega ratio: Gain probability vs. loss probability	1.25	1.31	-0.07
Calmar ratio: Return relative to maximum drawdown	2.41	3.30	-0.89
Martin ratio: Return relative to average drawdown	7.80	13.42	-5.62

HEQFX vs. SMDIX - Sharpe Ratio Comparison

The current HEQFX Sharpe Ratio is 1.36, which is comparable to the SMDIX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of HEQFX and SMDIX, 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

HEQFX vs. SMDIX - Drawdown Comparison

The maximum HEQFX drawdown since its inception was -99.11%, which is greater than SMDIX's maximum drawdown of -48.26%. Use the drawdown chart below to compare losses from any high point for HEQFX and SMDIX.

Drawdown Indicators

	HEQFX	SMDIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.11%	-48.26%	-50.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.72%	-7.40%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-99.11%	-20.25%	-78.86%
Max Drawdown (5Y) Largest decline over 5 years	-99.11%	-20.87%	-78.24%
Max Drawdown (10Y) Largest decline over 10 years	-99.11%	-40.70%	-58.41%
Current Drawdown Current decline from peak	-98.73%	-1.73%	-97.00%
Average Drawdown Average peak-to-trough decline	-11.46%	-6.42%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	1.82%	+0.57%

Volatility

HEQFX vs. SMDIX - Volatility Comparison

Monteagle Opportunity Equity Fund (HEQFX) has a higher volatility of 3.08% compared to Hartford Schroders US MidCap Opportunities Fund (SMDIX) at 2.27%. This indicates that HEQFX's price experiences larger fluctuations and is considered to be riskier than SMDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HEQFX	SMDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	2.27%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	9.49%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	13.74%	13.59%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4,128.89%	16.17%	+4,112.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,916.09%	17.88%	+2,898.21%

HEQFX vs. SMDIX - Expense Ratio Comparison

HEQFX has a 1.71% expense ratio, which is higher than SMDIX's 0.89% expense ratio.

Dividends

HEQFX vs. SMDIX - Dividend Comparison

HEQFX's dividend yield for the trailing twelve months is around 9.59%, more than SMDIX's 8.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEQFX Monteagle Opportunity Equity Fund	9.59%	10.97%	4.78%	30.44%	6.65%	27.15%	0.68%	7.39%	7.07%	10.68%	12.44%	62.20%
SMDIX Hartford Schroders US MidCap Opportunities Fund	8.47%	9.86%	8.53%	1.69%	3.28%	15.04%	0.32%	0.91%	2.45%	1.51%	1.72%	11.55%

Frequently Asked Questions

Can I hold both HEQFX and SMDIX in my portfolio?

HEQFX and SMDIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HEQFX or SMDIX?

HEQFX has higher volatility (3.08%) compared to SMDIX (2.27%). In terms of maximum drawdown, HEQFX dropped -99.11% vs SMDIX's -48.26%.

Which has better risk-adjusted returns?

SMDIX currently has the higher Sharpe Ratio (1.80 vs 1.36), 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.