HERIX vs. LCSMX

Last updated Aug 5, 2026

HERIX (Hartford Emerging Markets Equity Fund) and LCSMX (Martin Currie SMA-Shares Series EM Fund) are both Emerging Markets Equities funds. Over the past 5 years, HERIX returned 8.83%/yr vs 7.41%/yr for LCSMX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. HERIX charges 1.16%/yr vs 0.00%/yr for LCSMX.

Performance

HERIX vs. LCSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Emerging Markets Equity Fund (HERIX) and Martin Currie SMA-Shares Series EM Fund (LCSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HERIX achieves a 21.17% return, which is significantly lower than LCSMX's 38.73% 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%

LCSMX

• 1D: 0.55%
• 1M: -6.73%
• 6M: 19.79%
• YTD: 38.73%
• 1Y: 79.92%
• 3Y*: 23.41%
• 5Y*: 7.41%
• 10Y*: —
• ALL TIME*: 10.58%

*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)
HERIX Hartford Emerging Markets Equity Fund	$0.00	$0.00	$0.00
LCSMX Martin Currie SMA-Shares Series EM Fund	$0.00	$0.00	$0.00

HERIX vs. LCSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
HERIX Hartford Emerging Markets Equity Fund	21.17%	29.11%	10.97%	16.56%	-21.76%	5.58%	10.12%	18.67%	-18.98%
LCSMX Martin Currie SMA-Shares Series EM Fund	38.73%	51.52%	-13.60%	16.26%	-27.25%	4.73%	35.72%	6.81%	1.42%

Correlation

The correlation between HERIX and LCSMX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018	0.78

The correlation between HERIX and LCSMX shifts across timeframes, from 0.78 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HERIX vs. LCSMX — Risk / Return Rank

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

HERIX

HERIX Risk / Return Rank: 60
HERIX Sharpe Ratio Rank: 59
HERIX Sortino Ratio Rank: 48
HERIX Omega Ratio Rank: 61
HERIX Calmar Ratio Rank: 76
HERIX Martin Ratio Rank: 57

LCSMX

LCSMX Risk / Return Rank: 85
LCSMX Sharpe Ratio Rank: 91
LCSMX Sortino Ratio Rank: 75
LCSMX Omega Ratio Rank: 85
LCSMX Calmar Ratio Rank: 85
LCSMX Martin Ratio Rank: 87

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.

HERIX vs. LCSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Emerging Markets Equity Fund (HERIX) and Martin Currie SMA-Shares Series EM Fund (LCSMX). 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	LCSMX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	2.36	-0.70
Sortino ratio: Return per unit of downside risk	2.16	2.68	-0.52
Omega ratio: Gain probability vs. loss probability	1.31	1.42	-0.11
Calmar ratio: Return relative to maximum drawdown	2.70	3.17	-0.47
Martin ratio: Return relative to average drawdown	8.47	12.22	-3.76

HERIX vs. LCSMX - Sharpe Ratio Comparison

The current HERIX Sharpe Ratio is 1.66, which is comparable to the LCSMX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of HERIX and LCSMX, 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

HERIX vs. LCSMX - Drawdown Comparison

The maximum HERIX drawdown since its inception was -39.70%, roughly equal to the maximum LCSMX drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for HERIX and LCSMX.

Drawdown Indicators

	HERIX	LCSMX	Difference
Max Drawdown Largest peak-to-trough decline	-39.70%	-39.72%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.86%	-26.28%	+12.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-26.28%	+9.72%
Max Drawdown (5Y) Largest decline over 5 years	-33.80%	-38.88%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	-39.70%	—	—
Current Drawdown Current decline from peak	-8.18%	-19.40%	+11.22%
Average Drawdown Average peak-to-trough decline	-12.58%	-13.69%	+1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	6.80%	-2.39%

Volatility

HERIX vs. LCSMX - Volatility Comparison

The current volatility for Hartford Emerging Markets Equity Fund (HERIX) is 9.40%, while Martin Currie SMA-Shares Series EM Fund (LCSMX) has a volatility of 16.37%. This indicates that HERIX experiences smaller price fluctuations and is considered to be less risky than LCSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HERIX	LCSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.40%	16.37%	-6.97%
Volatility (6M) Calculated over the trailing 6-month period	20.60%	33.60%	-13.00%
Volatility (1Y) Calculated over the trailing 1-year period	22.56%	35.39%	-12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	22.15%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.93%	21.59%	-3.66%

HERIX vs. LCSMX - Expense Ratio Comparison

HERIX has a 1.16% expense ratio, which is higher than LCSMX's 0.00% expense ratio.

Dividends

HERIX vs. LCSMX - Dividend Comparison

HERIX's dividend yield for the trailing twelve months is around 4.43%, more than LCSMX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LCSMX Martin Currie SMA-Shares Series EM Fund	0.72%	1.00%	1.29%	1.22%	1.11%	3.03%	0.48%	0.88%	1.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HERIX and LCSMX in my portfolio?

With a correlation of 0.90, HERIX and LCSMX 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.

Which is riskier, HERIX or LCSMX?

LCSMX has higher volatility (16.37%) compared to HERIX (9.40%). In terms of maximum drawdown, HERIX dropped -39.70% vs LCSMX's -39.72%.

Which has better risk-adjusted returns?

LCSMX currently has the higher Sharpe Ratio (2.36 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.