HGIYX vs. DQIRX
HGIYX (Hartford Core Equity Fund) and DQIRX (BNY Mellon Equity Income Fund) are both mutual funds - HGIYX is a Large Cap Blend Equities fund managed by Hartford, while DQIRX is a Large Cap Value Equities fund managed by Dreyfus. Over the past 10 years, HGIYX returned 14.63%/yr vs 14.55%/yr for DQIRX. Their correlation of 0.94 suggests significant overlap in exposure. HGIYX charges 0.45%/yr vs 0.78%/yr for DQIRX.
Performance
HGIYX vs. DQIRX - Performance Comparison
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Returns By Period
In the year-to-date period, HGIYX achieves a 6.69% return, which is significantly lower than DQIRX's 13.11% return. Both investments have delivered pretty close results over the past 10 years, with HGIYX having a 14.63% annualized return and DQIRX not far behind at 14.55%.
HGIYX
- 1D
- -0.83%
- 1M
- -0.71%
- YTD
- 6.69%
- 6M
- 5.82%
- 1Y
- 19.81%
- 3Y*
- 19.16%
- 5Y*
- 11.30%
- 10Y*
- 14.63%
DQIRX
- 1D
- -0.25%
- 1M
- -1.20%
- YTD
- 13.11%
- 6M
- 12.16%
- 1Y
- 30.44%
- 3Y*
- 23.80%
- 5Y*
- 15.62%
- 10Y*
- 14.55%
HGIYX vs. DQIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 6.69% | 14.67% | 25.87% | 21.45% | -18.68% | 24.53% | 18.42% | 36.27% | -1.66% | 22.11% |
DQIRX BNY Mellon Equity Income Fund | 13.11% | 19.01% | 26.93% | 19.21% | -9.35% | 29.13% | 4.81% | 24.98% | -3.60% | 17.40% |
Correlation
The correlation between HGIYX and DQIRX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2006 | 0.94 |
The correlation between HGIYX and DQIRX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
HGIYX vs. DQIRX — Risk / Return Rank
HGIYX
DQIRX
HGIYX vs. DQIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund (HGIYX) and BNY Mellon Equity Income Fund (DQIRX). 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.
| HGIYX | DQIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.51 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 4.65 | -2.29 |
| Martin ratioReturn relative to average drawdown | 11.00 | 19.15 | -8.15 |
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Drawdowns
HGIYX vs. DQIRX - Drawdown Comparison
The maximum HGIYX drawdown since its inception was -51.88%, roughly equal to the maximum DQIRX drawdown of -50.77%. Use the drawdown chart below to compare losses from any high point for HGIYX and DQIRX.
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Drawdown Indicators
| HGIYX | DQIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.88% | -50.77% | -1.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.93% | -6.79% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.10% | -18.48% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.64% | -20.34% | -4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.47% | -36.82% | +3.35% |
Current DrawdownCurrent decline from peak | -1.72% | -2.22% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -6.92% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.65% | +0.26% |
Volatility
HGIYX vs. DQIRX - Volatility Comparison
Hartford Core Equity Fund (HGIYX) has a higher volatility of 4.57% compared to BNY Mellon Equity Income Fund (DQIRX) at 4.15%. This indicates that HGIYX's price experiences larger fluctuations and is considered to be riskier than DQIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HGIYX | DQIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.15% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 8.60% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 11.46% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.42% | 15.88% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 17.43% | +0.03% |
HGIYX vs. DQIRX - Expense Ratio Comparison
HGIYX has a 0.45% expense ratio, which is lower than DQIRX's 0.78% expense ratio.
Dividends
HGIYX vs. DQIRX - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 10.94%, more than DQIRX's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DQIRX BNY Mellon Equity Income Fund | 2.88% | 3.12% | 7.05% | 4.56% | 6.54% | 2.61% | 3.42% | 2.50% | 5.29% | 8.45% | 4.04% | 8.22% |
HGIYX Hartford Core Equity Fund | 10.94% | 11.67% | 8.93% | 2.99% | 4.02% | 3.18% | 0.75% | 4.39% | 5.62% | 3.75% | 1.62% | 2.10% |
Frequently Asked Questions
With a correlation of 0.93, HGIYX and DQIRX 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.
HGIYX has higher volatility (4.57%) compared to DQIRX (4.15%). In terms of maximum drawdown, HGIYX dropped -51.88% vs DQIRX's -50.77%.
DQIRX currently has the higher Sharpe Ratio (2.76 vs 1.74), 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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