HGIYX vs. DQIRX
Compare and contrast key facts about Hartford Core Equity Fund (HGIYX) and BNY Mellon Equity Income Fund (DQIRX).
HGIYX is managed by Hartford. It was launched on Apr 30, 1998. DQIRX is managed by Dreyfus. It was launched on Jul 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGIYX or DQIRX.
Key characteristics
| HGIYX | DQIRX | |
|---|---|---|
| YTD Return | 20.24% | 21.30% |
| 1Y Return | 29.22% | 30.09% |
| 3Y Return (Ann) | 8.31% | 12.89% |
| 5Y Return (Ann) | 13.72% | 14.30% |
| 10Y Return (Ann) | 12.65% | 11.25% |
| Sharpe Ratio | 2.23 | 2.52 |
| Daily Std Dev | 12.39% | 11.93% |
| Max Drawdown | -51.89% | -50.77% |
| Current Drawdown | -0.48% | -0.44% |
Correlation
The correlation between HGIYX and DQIRX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HGIYX vs. DQIRX - Performance Comparison
In the year-to-date period, HGIYX achieves a 20.24% return, which is significantly lower than DQIRX's 21.30% return. Over the past 10 years, HGIYX has outperformed DQIRX with an annualized return of 12.65%, while DQIRX has yielded a comparatively lower 11.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HGIYX vs. DQIRX - Expense Ratio Comparison
HGIYX has a 0.45% expense ratio, which is lower than DQIRX's 0.78% expense ratio.
Risk-Adjusted Performance
HGIYX vs. DQIRX - Risk-Adjusted Performance 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.
Dividends
HGIYX vs. DQIRX - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 2.48%, less than DQIRX's 3.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 2.48% | 2.99% | 4.02% | 3.18% | 0.75% | 2.65% | 5.62% | 3.75% | 1.62% | 0.31% | 4.11% | 0.71% |
DQIRX BNY Mellon Equity Income Fund | 3.77% | 4.56% | 6.54% | 2.61% | 3.42% | 2.50% | 5.29% | 8.45% | 4.04% | 9.91% | 5.51% | 3.81% |
Drawdowns
HGIYX vs. DQIRX - Drawdown Comparison
The maximum HGIYX drawdown since its inception was -51.89%, 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. For additional features, visit the drawdowns tool.
Volatility
HGIYX vs. DQIRX - Volatility Comparison
Hartford Core Equity Fund (HGIYX) and BNY Mellon Equity Income Fund (DQIRX) have volatilities of 3.93% and 3.92%, 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.