HFAHX vs. HHMIX

Last updated Jun 6, 2026

HFAHX (Hartford Schroders International Contrarian Value Fund Class Y) and HHMIX (Hartford Municipal Opportunities Fund) are both mutual funds - HFAHX is a Foreign Large Cap Equities fund actively managed by Hartford, while HHMIX is a Municipal Bonds fund managed by Hartford. Over the past year, HFAHX returned 24.74% vs 6.14% for HHMIX. At a 0.15 correlation, their price movements are largely independent. HFAHX charges 0.80%/yr vs 0.44%/yr for HHMIX.

Performance

HFAHX vs. HHMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders International Contrarian Value Fund Class Y (HFAHX) and Hartford Municipal Opportunities Fund (HHMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFAHX achieves a 7.13% return, which is significantly higher than HHMIX's 1.46% return.

HFAHX

• 1D: 0.51%
• 1M: -1.00%
• YTD: 7.13%
• 6M: 10.24%
• 1Y: 24.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HHMIX

• 1D: 0.12%
• 1M: 0.53%
• YTD: 1.46%
• 6M: 1.87%
• 1Y: 6.14%
• 3Y*: 4.32%
• 5Y*: 1.18%
• 10Y*: 2.36%

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

HFAHX vs. HHMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HFAHX Hartford Schroders International Contrarian Value Fund Class Y	7.13%	43.12%	6.42%	7.14%
HHMIX Hartford Municipal Opportunities Fund	1.46%	5.70%	2.14%	5.32%

Correlation

The correlation between HFAHX and HHMIX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.15

The correlation between HFAHX and HHMIX shifts across timeframes, from 0.15 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HFAHX vs. HHMIX — Risk / Return Rank

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

HFAHX

HFAHX Risk / Return Rank: 38
HFAHX Sharpe Ratio Rank: 40
HFAHX Sortino Ratio Rank: 39
HFAHX Omega Ratio Rank: 39
HFAHX Calmar Ratio Rank: 35
HFAHX Martin Ratio Rank: 37

HHMIX

HHMIX Risk / Return Rank: 66
HHMIX Sharpe Ratio Rank: 81
HHMIX Sortino Ratio Rank: 87
HHMIX Omega Ratio Rank: 92
HHMIX Calmar Ratio Rank: 36
HHMIX Martin Ratio Rank: 33

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.

HFAHX vs. HHMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders International Contrarian Value Fund Class Y (HFAHX) and Hartford Municipal Opportunities Fund (HHMIX). 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.

	HFAHX	HHMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.60	-0.81
Sortino ratio: Return per unit of downside risk	2.53	4.17	-1.65
Omega ratio: Gain probability vs. loss probability	1.33	1.70	-0.37
Calmar ratio: Return relative to maximum drawdown	2.13	2.20	-0.06
Martin ratio: Return relative to average drawdown	7.93	7.16	+0.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFAHX vs. HHMIX - Sharpe Ratio Comparison

The current HFAHX Sharpe Ratio is 1.79, which is lower than the HHMIX Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of HFAHX and HHMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFAHX	HHMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.60	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.73	0.70	+1.03

Drawdowns

HFAHX vs. HHMIX - Drawdown Comparison

The maximum HFAHX drawdown since its inception was -14.13%, smaller than the maximum HHMIX drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for HFAHX and HHMIX.

Drawdown Indicators

	HFAHX	HHMIX	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-30.49%	+16.36%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-2.81%	-8.96%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.76%	—
Current Drawdown Current decline from peak	-2.42%	-0.78%	-1.64%
Average Drawdown Average peak-to-trough decline	-2.48%	-3.88%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	0.86%	+2.30%

Volatility

HFAHX vs. HHMIX - Volatility Comparison

Hartford Schroders International Contrarian Value Fund Class Y (HFAHX) has a higher volatility of 4.37% compared to Hartford Municipal Opportunities Fund (HHMIX) at 0.97%. This indicates that HFAHX's price experiences larger fluctuations and is considered to be riskier than HHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFAHX	HHMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	0.97%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	1.92%	+9.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	2.38%	+11.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	3.33%	+10.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	3.57%	+10.64%

HFAHX vs. HHMIX - Expense Ratio Comparison

HFAHX has a 0.80% expense ratio, which is higher than HHMIX's 0.44% expense ratio.

Dividends

HFAHX vs. HHMIX - Dividend Comparison

HFAHX's dividend yield for the trailing twelve months is around 5.93%, more than HHMIX's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFAHX Hartford Schroders International Contrarian Value Fund Class Y	5.93%	6.35%	1.58%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HHMIX Hartford Municipal Opportunities Fund	3.41%	4.40%	2.72%	2.41%	2.28%	1.72%	2.17%	2.83%	2.86%	2.98%	2.77%	3.04%

Frequently Asked Questions

Can I hold both HFAHX and HHMIX in my portfolio?

HFAHX and HHMIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFAHX or HHMIX?

HFAHX has higher volatility (4.37%) compared to HHMIX (0.97%). In terms of maximum drawdown, HFAHX dropped -14.13% vs HHMIX's -30.49%.

Which has better risk-adjusted returns?

HHMIX currently has the higher Sharpe Ratio (2.60 vs 1.79), 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.