HERIX vs. EITEX
HERIX (Hartford Emerging Markets Equity Fund) and EITEX (Parametric Tax-Managed Emerging Markets Fund) are both Emerging Markets Equities funds. Over the past 10 years, HERIX returned 9.69%/yr vs 6.70%/yr for EITEX. Their correlation of 0.93 means they have usually moved in the same direction. HERIX charges 1.16%/yr vs 0.96%/yr for EITEX.
Performance
HERIX vs. EITEX - Performance Comparison
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Returns By Period
In the year-to-date period, HERIX achieves a 21.17% return, which is significantly higher than EITEX's 10.17% return. Over the past 10 years, HERIX has outperformed EITEX with an annualized return of 9.69%, while EITEX has yielded a comparatively lower 6.70% annualized return.
HERIX
- 1D
- 0.68%
- 1M
- -0.81%
- 6M
- 10.85%
- YTD
- 21.17%
- 1Y
- 35.05%
- 3Y*
- 21.55%
- 5Y*
- 8.83%
- 10Y*
- 9.69%
- ALL TIME*
- 5.39%
EITEX
- 1D
- 0.72%
- 1M
- 1.61%
- 6M
- 1.65%
- YTD
- 10.17%
- 1Y
- 21.73%
- 3Y*
- 14.53%
- 5Y*
- 7.05%
- 10Y*
- 6.70%
- ALL TIME*
- 8.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HERIX vs. EITEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HERIX Hartford Emerging Markets Equity Fund | 21.17% | 29.11% | 10.97% | 16.56% | -21.76% | 5.58% | 10.12% | 18.67% | -16.04% | 41.83% |
EITEX Parametric Tax-Managed Emerging Markets Fund | 10.17% | 28.58% | 4.67% | 10.69% | -12.11% | 4.47% | 4.51% | 12.51% | -13.20% | 27.10% |
Correlation
The correlation between HERIX and EITEX is 0.91, 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. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.90 |
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 Jun 1, 2011 | 0.93 |
The correlation between HERIX and EITEX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
HERIX vs. EITEX — Risk / Return Rank
HERIX
EITEX
HERIX vs. EITEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Emerging Markets Equity Fund (HERIX) and Parametric Tax-Managed Emerging Markets Fund (EITEX). 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.
| HERIX | EITEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.34 | +0.35 |
| Martin ratioReturn relative to average drawdown | 8.47 | 7.64 | +0.83 |
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Drawdowns
HERIX vs. EITEX - Drawdown Comparison
The maximum HERIX drawdown since its inception was -39.70%, smaller than the maximum EITEX drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for HERIX and EITEX.
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Drawdown Indicators
| HERIX | EITEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.70% | -61.70% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -9.88% | -3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -11.86% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.80% | -25.58% | -8.22% |
Max Drawdown (10Y)Largest decline over 10 years | -39.70% | -43.10% | +3.40% |
Current DrawdownCurrent decline from peak | -8.18% | -2.69% | -5.49% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -13.87% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 3.02% | +1.39% |
Volatility
HERIX vs. EITEX - Volatility Comparison
Hartford Emerging Markets Equity Fund (HERIX) has a higher volatility of 9.40% compared to Parametric Tax-Managed Emerging Markets Fund (EITEX) at 4.14%. This indicates that HERIX's price experiences larger fluctuations and is considered to be riskier than EITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HERIX | EITEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.40% | 4.14% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 20.60% | 11.69% | +8.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.56% | 13.24% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 12.53% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 13.75% | +4.18% |
HERIX vs. EITEX - Expense Ratio Comparison
HERIX has a 1.16% expense ratio, which is higher than EITEX's 0.96% expense ratio.
Dividends
HERIX vs. EITEX - Dividend Comparison
HERIX's dividend yield for the trailing twelve months is around 4.43%, more than EITEX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EITEX Parametric Tax-Managed Emerging Markets Fund | 4.33% | 4.77% | 4.58% | 5.85% | 10.39% | 9.72% | 1.79% | 2.63% | 2.26% | 1.80% | 1.67% | 2.11% |
HERIX Hartford Emerging Markets Equity Fund | 4.43% | 5.37% | 0.00% | 3.82% | 3.73% | 2.17% | 1.14% | 3.16% | 2.26% | 1.57% | 1.44% | 4.09% |
Frequently Asked Questions
With a correlation of 0.91, HERIX and EITEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HERIX has higher volatility (9.40%) compared to EITEX (4.14%). In terms of maximum drawdown, HERIX dropped -39.70% vs EITEX's -61.70%.
EITEX currently has the higher Sharpe Ratio (1.75 vs 1.66), 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.
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