HGIFX vs. QCELX

Last updated Jul 17, 2026

HGIFX (Hartford Core Equity Fund Class F) and QCELX (AQR Large Cap Multi-Style Fund) are both Large Cap Blend Equities funds. Over the past 5 years, HGIFX returned 11.16%/yr vs 15.99%/yr for QCELX. Their correlation of 0.94 suggests significant overlap in exposure. HGIFX charges 0.36%/yr vs 0.41%/yr for QCELX.

Performance

HGIFX vs. QCELX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Core Equity Fund Class F (HGIFX) and AQR Large Cap Multi-Style Fund (QCELX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HGIFX achieves a 9.07% return, which is significantly lower than QCELX's 18.49% return.

HGIFX

• 1D: 0.61%
• 1M: 1.23%
• 6M: 7.50%
• YTD: 9.07%
• 1Y: 18.15%
• 3Y*: 18.69%
• 5Y*: 11.16%
• 10Y*: —

QCELX

• 1D: 0.13%
• 1M: 1.53%
• 6M: 15.78%
• YTD: 18.49%
• 1Y: 32.89%
• 3Y*: 24.82%
• 5Y*: 15.99%
• 10Y*: 14.99%

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

HGIFX vs. QCELX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HGIFX Hartford Core Equity Fund Class F	9.07%	14.77%	25.04%	21.58%	-18.62%	24.62%	18.51%	36.34%	-1.61%	14.96%
QCELX AQR Large Cap Multi-Style Fund	18.49%	23.38%	22.73%	26.30%	-15.73%	27.18%	14.93%	24.33%	-10.96%	15.20%

Correlation

The correlation between HGIFX and QCELX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017	0.94

The correlation between HGIFX and QCELX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

HGIFX vs. QCELX — Risk / Return Rank

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

HGIFX

HGIFX Risk / Return Rank: 45
HGIFX Sharpe Ratio Rank: 42
HGIFX Sortino Ratio Rank: 40
HGIFX Omega Ratio Rank: 42
HGIFX Calmar Ratio Rank: 41
HGIFX Martin Ratio Rank: 58

QCELX

QCELX Risk / Return Rank: 90
QCELX Sharpe Ratio Rank: 91
QCELX Sortino Ratio Rank: 86
QCELX Omega Ratio Rank: 84
QCELX Calmar Ratio Rank: 94
QCELX Martin Ratio Rank: 96

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.

HGIFX vs. QCELX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund Class F (HGIFX) and AQR Large Cap Multi-Style Fund (QCELX). 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	QCELX	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.52	-0.99
Sortino ratio: Return per unit of downside risk	2.15	3.41	-1.26
Omega ratio: Gain probability vs. loss probability	1.28	1.45	-0.17
Calmar ratio: Return relative to maximum drawdown	2.08	4.23	-2.15
Martin ratio: Return relative to average drawdown	9.49	17.89	-8.40

HGIFX vs. QCELX - Sharpe Ratio Comparison

The current HGIFX Sharpe Ratio is 1.53, which is lower than the QCELX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of HGIFX and QCELX, 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. QCELX - Drawdown Comparison

The maximum HGIFX drawdown since its inception was -33.46%, roughly equal to the maximum QCELX drawdown of -33.52%. Use the drawdown chart below to compare losses from any high point for HGIFX and QCELX.

Drawdown Indicators

	HGIFX	QCELX	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-33.52%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.91%	-7.92%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-18.38%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-24.58%	-28.70%	+4.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.52%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.78%	-5.62%	+0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	1.87%	+0.08%

Volatility

HGIFX vs. QCELX - Volatility Comparison

Hartford Core Equity Fund Class F (HGIFX) and AQR Large Cap Multi-Style Fund (QCELX) have volatilities of 3.80% and 3.73%, 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

	HGIFX	QCELX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	3.73%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	10.05%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	12.16%	13.32%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	19.01%	-2.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	18.95%	-1.10%

HGIFX vs. QCELX - Expense Ratio Comparison

HGIFX has a 0.36% expense ratio, which is lower than QCELX's 0.41% expense ratio.

Dividends

HGIFX vs. QCELX - Dividend Comparison

HGIFX's dividend yield for the trailing twelve months is around 10.96%, less than QCELX's 12.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HGIFX Hartford Core Equity Fund Class F	10.96%	11.95%	8.39%	3.11%	4.18%	3.30%	0.82%	4.48%	5.72%	3.83%	0.00%	0.00%
QCELX AQR Large Cap Multi-Style Fund	12.15%	14.40%	12.89%	13.67%	11.05%	12.41%	9.94%	5.36%	7.81%	0.99%	1.28%	0.89%

Frequently Asked Questions

Can I hold both HGIFX and QCELX in my portfolio?

With a correlation of 0.91, HGIFX and QCELX 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 QCELX?

HGIFX has higher volatility (3.80%) compared to QCELX (3.73%). In terms of maximum drawdown, HGIFX dropped -33.46% vs QCELX's -33.52%.

Which has better risk-adjusted returns?

QCELX currently has the higher Sharpe Ratio (2.52 vs 1.53), 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.