HFLYX vs. HQIYX
HFLYX (Hartford Floating Rate Fund) and HQIYX (The Hartford Equity Income Fund) are both mutual funds - HFLYX is a Bank Loan fund managed by Hartford, while HQIYX is a Large Cap Value Equities fund managed by Hartford. Over the past 10 years, HFLYX returned 4.34%/yr vs 11.97%/yr for HQIYX. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.74% expense ratio.
Performance
HFLYX vs. HQIYX - Performance Comparison
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Returns By Period
In the year-to-date period, HFLYX achieves a 0.97% return, which is significantly lower than HQIYX's 6.58% return. Over the past 10 years, HFLYX has underperformed HQIYX with an annualized return of 4.34%, while HQIYX has yielded a comparatively higher 11.97% annualized return.
HFLYX
- 1D
- -0.14%
- 1M
- 0.37%
- YTD
- 0.97%
- 6M
- 1.69%
- 1Y
- 4.08%
- 3Y*
- 5.79%
- 5Y*
- 3.93%
- 10Y*
- 4.34%
HQIYX
- 1D
- 0.14%
- 1M
- -0.14%
- YTD
- 6.58%
- 6M
- 5.64%
- 1Y
- 15.84%
- 3Y*
- 13.52%
- 5Y*
- 9.59%
- 10Y*
- 11.97%
HFLYX vs. HQIYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFLYX Hartford Floating Rate Fund | 0.97% | 4.79% | 6.50% | 9.79% | -3.40% | 4.02% | 1.32% | 8.56% | -0.62% | 4.94% |
HQIYX The Hartford Equity Income Fund | 6.58% | 15.24% | 10.03% | 7.33% | -0.30% | 25.50% | 4.63% | 35.06% | -7.81% | 17.93% |
Correlation
The correlation between HFLYX and HQIYX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.18 |
The correlation between HFLYX and HQIYX shifts across timeframes, from 0.15 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HFLYX vs. HQIYX — Risk / Return Rank
HFLYX
HQIYX
HFLYX vs. HQIYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate Fund (HFLYX) and The Hartford Equity Income Fund (HQIYX). 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.
| HFLYX | HQIYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.28 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.31 | -0.15 |
| Martin ratioReturn relative to average drawdown | 6.68 | 8.15 | -1.47 |
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Drawdowns
HFLYX vs. HQIYX - Drawdown Comparison
The maximum HFLYX drawdown since its inception was -33.12%, smaller than the maximum HQIYX drawdown of -50.48%. Use the drawdown chart below to compare losses from any high point for HFLYX and HQIYX.
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Drawdown Indicators
| HFLYX | HQIYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -50.48% | +17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -7.14% | +5.19% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | -11.89% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -13.94% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -34.99% | +12.57% |
Current DrawdownCurrent decline from peak | -0.40% | -1.35% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.28% | +3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 2.02% | -1.39% |
Volatility
HFLYX vs. HQIYX - Volatility Comparison
The current volatility for Hartford Floating Rate Fund (HFLYX) is 0.74%, while The Hartford Equity Income Fund (HQIYX) has a volatility of 3.01%. This indicates that HFLYX experiences smaller price fluctuations and is considered to be less risky than HQIYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFLYX | HQIYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 3.01% | -2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 7.59% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 10.36% | -7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 13.57% | -10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 16.17% | -12.08% |
HFLYX vs. HQIYX - Expense Ratio Comparison
Both HFLYX and HQIYX have an expense ratio of 0.74%.
Dividends
HFLYX vs. HQIYX - Dividend Comparison
HFLYX's dividend yield for the trailing twelve months is around 7.72%, less than HQIYX's 12.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFLYX Hartford Floating Rate Fund | 7.72% | 7.23% | 6.68% | 7.20% | 5.18% | 3.22% | 3.68% | 4.68% | 6.17% | 4.23% | 4.34% | 4.72% |
HQIYX The Hartford Equity Income Fund | 12.36% | 13.10% | 10.43% | 7.69% | 12.84% | 8.91% | 2.91% | 14.68% | 10.87% | 6.98% | 5.29% | 10.62% |
Frequently Asked Questions
HFLYX and HQIYX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HQIYX has higher volatility (3.01%) compared to HFLYX (0.74%). In terms of maximum drawdown, HFLYX dropped -33.12% vs HQIYX's -50.48%.
HQIYX currently has the higher Sharpe Ratio (1.60 vs 1.54), 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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