HGIFX vs. JBALX

Last updated Aug 1, 2026

HGIFX (Hartford Core Equity Fund Class F) and JBALX (JPMorgan Global Allocation Fund Class A) are both mutual funds - HGIFX is a Large Cap Blend Equities fund actively managed by Hartford, while JBALX is a Global Allocation fund managed by JPMorgan. Over the past 5 years, HGIFX returned 10.37%/yr vs 7.78%/yr for JBALX. Their 0.95 correlation means they have historically moved very closely together. HGIFX charges 0.36%/yr vs 0.96%/yr for JBALX.

Performance

HGIFX vs. JBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Core Equity Fund Class F (HGIFX) and JPMorgan Global Allocation Fund Class A (JBALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGIFX achieves a 6.83% return, which is significantly higher than JBALX's 3.19% return.

HGIFX

• 1D: 1.44%
• 1M: -0.55%
• 6M: 5.22%
• YTD: 6.83%
• 1Y: 15.52%
• 3Y*: 17.12%
• 5Y*: 10.37%
• 10Y*: —
• ALL TIME*: 14.07%

JBALX

• 1D: 1.52%
• 1M: -0.34%
• 6M: 2.60%
• YTD: 3.19%
• 1Y: 9.45%
• 3Y*: 14.18%
• 5Y*: 7.78%
• 10Y*: 10.69%
• ALL TIME*: 7.21%

*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)
HGIFX Hartford Core Equity Fund Class F	$0.00	$0.00	$0.00
JBALX JPMorgan Global Allocation Fund Class A	$0.00	$0.00	$0.00

HGIFX vs. JBALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HGIFX Hartford Core Equity Fund Class F	6.83%	14.77%	25.04%	21.58%	-18.62%	24.62%	18.51%	36.34%	-1.61%	14.96%
JBALX JPMorgan Global Allocation Fund Class A	3.19%	15.00%	20.78%	15.45%	-16.56%	17.28%	14.40%	21.88%	0.71%	11.54%

Correlation

The correlation between HGIFX and JBALX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017	0.95

The correlation between HGIFX and JBALX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

HGIFX vs. JBALX — Risk / Return Rank

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

HGIFX

HGIFX Risk / Return Rank: 35
HGIFX Sharpe Ratio Rank: 32
HGIFX Sortino Ratio Rank: 31
HGIFX Omega Ratio Rank: 32
HGIFX Calmar Ratio Rank: 34
HGIFX Martin Ratio Rank: 46

JBALX

JBALX Risk / Return Rank: 26
JBALX Sharpe Ratio Rank: 26
JBALX Sortino Ratio Rank: 26
JBALX Omega Ratio Rank: 25
JBALX Calmar Ratio Rank: 22
JBALX Martin Ratio Rank: 30

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.

HGIFX vs. JBALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund Class F (HGIFX) and JPMorgan Global Allocation Fund Class A (JBALX). 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.

	HGIFX	JBALX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.90	+0.20
Sortino ratio: Return per unit of downside risk	1.59	1.33	+0.26
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.04
Calmar ratio: Return relative to maximum drawdown	1.54	1.05	+0.49
Martin ratio: Return relative to average drawdown	6.88	4.43	+2.45

HGIFX vs. JBALX - Sharpe Ratio Comparison

The current HGIFX Sharpe Ratio is 1.10, which is comparable to the JBALX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of HGIFX and JBALX, 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

HGIFX vs. JBALX - Drawdown Comparison

The maximum HGIFX drawdown since its inception was -33.46%, roughly equal to the maximum JBALX drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for HGIFX and JBALX.

Drawdown Indicators

	HGIFX	JBALX	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-33.98%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-8.12%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-11.93%	-5.30%
Max Drawdown (5Y) Largest decline over 5 years	-24.58%	-21.50%	-3.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.49%	—
Current Drawdown Current decline from peak	-2.05%	-0.90%	-1.15%
Average Drawdown Average peak-to-trough decline	-4.77%	-5.39%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.92%	+0.07%

Volatility

HGIFX vs. JBALX - Volatility Comparison

Hartford Core Equity Fund Class F (HGIFX) has a higher volatility of 3.28% compared to JPMorgan Global Allocation Fund Class A (JBALX) at 2.66%. This indicates that HGIFX's price experiences larger fluctuations and is considered to be riskier than JBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HGIFX	JBALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	2.66%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	9.83%	7.68%	+2.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.43%	9.46%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.46%	11.45%	+5.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.83%	11.28%	+6.55%

HGIFX vs. JBALX - Expense Ratio Comparison

HGIFX has a 0.36% expense ratio, which is lower than JBALX's 0.96% expense ratio.

Dividends

HGIFX vs. JBALX - Dividend Comparison

HGIFX's dividend yield for the trailing twelve months is around 11.19%, more than JBALX's 8.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGIFX Hartford Core Equity Fund Class F	11.19%	11.95%	8.39%	3.11%	4.18%	3.30%	0.82%	4.48%	5.72%	3.83%	0.00%	0.00%
JBALX JPMorgan Global Allocation Fund Class A	8.56%	8.80%	11.84%	2.28%	2.00%	4.54%	2.54%	2.33%	7.14%	4.69%	4.55%	5.87%

Frequently Asked Questions

Can I hold both HGIFX and JBALX in my portfolio?

With a correlation of 0.96, HGIFX and JBALX 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, HGIFX or JBALX?

HGIFX has higher volatility (3.28%) compared to JBALX (2.66%). In terms of maximum drawdown, HGIFX dropped -33.46% vs JBALX's -33.98%.

Which has better risk-adjusted returns?

HGIFX currently has the higher Sharpe Ratio (1.10 vs 0.90), 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.