HGHYX vs. ADX

Last updated Jun 23, 2026

HGHYX (The Hartford Healthcare Fund) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - HGHYX is a Health & Biotech Equities fund managed by Hartford, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, HGHYX returned 9.13%/yr vs 18.49%/yr for ADX. A 0.67 correlation means they provide meaningful diversification when combined. HGHYX charges 1.00%/yr vs 0.59%/yr for ADX.

Performance

HGHYX vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford Healthcare Fund (HGHYX) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGHYX achieves a -1.58% return, which is significantly lower than ADX's 11.55% return. Over the past 10 years, HGHYX has underperformed ADX with an annualized return of 9.13%, while ADX has yielded a comparatively higher 18.49% annualized return.

HGHYX

• 1D: -0.35%
• 1M: 0.55%
• YTD: -1.58%
• 6M: -2.18%
• 1Y: 22.72%
• 3Y*: 5.46%
• 5Y*: 1.84%
• 10Y*: 9.13%

ADX

• 1D: -1.15%
• 1M: -0.08%
• YTD: 11.55%
• 6M: 13.84%
• 1Y: 30.85%
• 3Y*: 27.81%
• 5Y*: 16.80%
• 10Y*: 18.49%

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

HGHYX vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HGHYX The Hartford Healthcare Fund	-1.58%	15.95%	0.23%	4.04%	-11.48%	10.24%	23.07%	41.54%	-2.81%	22.09%
ADX Adams Diversified Equity Fund, Inc.	11.55%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between HGHYX and ADX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 28, 2000	0.67

Over the past year, the correlation between HGHYX and ADX has dropped to 0.24 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

HGHYX vs. ADX — Risk / Return Rank

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

HGHYX

HGHYX Risk / Return Rank: 29
HGHYX Sharpe Ratio Rank: 30
HGHYX Sortino Ratio Rank: 32
HGHYX Omega Ratio Rank: 27
HGHYX Calmar Ratio Rank: 33
HGHYX Martin Ratio Rank: 25

ADX

ADX Risk / Return Rank: 67
ADX Sharpe Ratio Rank: 63
ADX Sortino Ratio Rank: 64
ADX Omega Ratio Rank: 53
ADX Calmar Ratio Rank: 69
ADX Martin Ratio Rank: 87

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.

HGHYX vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford Healthcare Fund (HGHYX) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	HGHYX	ADX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.15	-0.70
Sortino ratio: Return per unit of downside risk	2.20	3.05	-0.85
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.11
Calmar ratio: Return relative to maximum drawdown	2.04	3.05	-1.01
Martin ratio: Return relative to average drawdown	5.51	15.50	-9.99

HGHYX vs. ADX - Sharpe Ratio Comparison

The current HGHYX Sharpe Ratio is 1.45, which is lower than the ADX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of HGHYX and ADX, 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

HGHYX vs. ADX - Drawdown Comparison

The maximum HGHYX drawdown since its inception was -42.58%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for HGHYX and ADX.

Drawdown Indicators

	HGHYX	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-42.58%	-71.60%	+29.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.82%	-10.16%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-22.60%	-18.29%	-4.31%
Max Drawdown (5Y) Largest decline over 5 years	-25.42%	-25.07%	-0.35%
Max Drawdown (10Y) Largest decline over 10 years	-28.51%	-37.17%	+8.66%
Current Drawdown Current decline from peak	-4.46%	-2.42%	-2.04%
Average Drawdown Average peak-to-trough decline	-7.63%	-22.11%	+14.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	2.00%	+2.00%

Volatility

HGHYX vs. ADX - Volatility Comparison

The Hartford Healthcare Fund (HGHYX) and Adams Diversified Equity Fund, Inc. (ADX) have volatilities of 5.04% and 4.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGHYX	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.82%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	11.24%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	14.45%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	17.40%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	18.07%	-0.32%

HGHYX vs. ADX - Expense Ratio Comparison

HGHYX has a 1.00% expense ratio, which is higher than ADX's 0.59% expense ratio.

Dividends

HGHYX vs. ADX - Dividend Comparison

HGHYX's dividend yield for the trailing twelve months is around 2.93%, less than ADX's 7.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.48%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
HGHYX The Hartford Healthcare Fund	2.93%	2.88%	4.74%	0.00%	0.83%	8.86%	10.56%	10.72%	7.15%	4.67%	9.23%	13.39%

Frequently Asked Questions

Can I hold both HGHYX and ADX in my portfolio?

HGHYX and ADX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HGHYX or ADX?

HGHYX has higher volatility (5.04%) compared to ADX (4.82%). In terms of maximum drawdown, HGHYX dropped -42.58% vs ADX's -71.60%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.15 vs 1.45), 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.