HGIYX vs. SPY
Compare and contrast key facts about Hartford Core Equity Fund (HGIYX) and SPDR S&P 500 ETF (SPY).
HGIYX is managed by Hartford. It was launched on Apr 30, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HGIYX or SPY.
Correlation
The correlation between HGIYX and SPY is 0.98, 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. SPY - Performance Comparison
Key characteristics
HGIYX:
0.04
SPY:
0.51
HGIYX:
0.18
SPY:
0.86
HGIYX:
1.03
SPY:
1.13
HGIYX:
0.03
SPY:
0.55
HGIYX:
0.10
SPY:
2.26
HGIYX:
7.31%
SPY:
4.55%
HGIYX:
19.39%
SPY:
20.08%
HGIYX:
-51.89%
SPY:
-55.19%
HGIYX:
-14.90%
SPY:
-9.89%
Returns By Period
The year-to-date returns for both stocks are quite close, with HGIYX having a -5.49% return and SPY slightly lower at -5.76%. Over the past 10 years, HGIYX has underperformed SPY with an annualized return of 8.93%, while SPY has yielded a comparatively higher 12.16% annualized return.
HGIYX
-5.49%
-0.63%
-10.96%
0.15%
10.90%
8.93%
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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HGIYX vs. SPY - Expense Ratio Comparison
HGIYX has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
HGIYX vs. SPY — Risk-Adjusted Performance Rank
HGIYX
SPY
HGIYX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Equity Fund (HGIYX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 0.70%, less than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 0.70% | 0.66% | 1.01% | 1.18% | 0.69% | 0.75% | 0.91% | 1.10% | 1.17% | 0.84% | 0.32% | 2.85% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HGIYX vs. SPY - Drawdown Comparison
The maximum HGIYX drawdown since its inception was -51.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HGIYX and SPY. For additional features, visit the drawdowns tool.
Volatility
HGIYX vs. SPY - Volatility Comparison
The current volatility for Hartford Core Equity Fund (HGIYX) is 12.98%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that HGIYX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.