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.
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.
Performance
HGIYX vs. SPY - Performance Comparison
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Key characteristics
HGIYX:
0.64
SPY:
0.67
HGIYX:
0.95
SPY:
1.03
HGIYX:
1.14
SPY:
1.15
HGIYX:
0.64
SPY:
0.69
HGIYX:
2.42
SPY:
2.61
HGIYX:
4.52%
SPY:
4.92%
HGIYX:
18.47%
SPY:
20.44%
HGIYX:
-51.89%
SPY:
-55.19%
HGIYX:
-3.24%
SPY:
-3.44%
Returns By Period
In the year-to-date period, HGIYX achieves a 0.43% return, which is significantly lower than SPY's 0.98% return. Both investments have delivered pretty close results over the past 10 years, with HGIYX having a 12.21% annualized return and SPY not far ahead at 12.73%.
HGIYX
0.43%
5.61%
-0.89%
11.82%
13.09%
14.34%
12.21%
SPY
0.98%
6.45%
-0.84%
13.58%
14.08%
15.83%
12.73%
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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.
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Dividends
HGIYX vs. SPY - Dividend Comparison
HGIYX's dividend yield for the trailing twelve months is around 8.89%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGIYX Hartford Core Equity Fund | 8.89% | 8.93% | 2.99% | 4.02% | 3.18% | 0.75% | 2.65% | 5.63% | 3.76% | 1.62% | 2.11% | 4.12% |
SPY SPDR S&P 500 ETF | 1.21% | 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.
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Volatility
HGIYX vs. SPY - Volatility Comparison
The current volatility for Hartford Core Equity Fund (HGIYX) is 4.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. 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.
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