HGXIX vs. TAVFX
HGXIX (Hartford Global Impact Fund) and TAVFX (Third Avenue Value Fund) are both Global Equities funds. Over the past 5 years, HGXIX returned 3.55%/yr vs 17.25%/yr for TAVFX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. HGXIX charges 0.89%/yr vs 1.15%/yr for TAVFX.
Performance
HGXIX vs. TAVFX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HGXIX having a 15.86% return and TAVFX slightly higher at 16.34%.
HGXIX
- 1D
- 1.20%
- 1M
- 0.94%
- 6M
- 9.77%
- YTD
- 15.86%
- 1Y
- 15.86%
- 3Y*
- 13.19%
- 5Y*
- 3.55%
- 10Y*
- —
- ALL TIME*
- 10.09%
TAVFX
- 1D
- 0.54%
- 1M
- 5.72%
- 6M
- 5.98%
- YTD
- 16.34%
- 1Y
- 38.22%
- 3Y*
- 16.91%
- 5Y*
- 17.25%
- 10Y*
- 10.72%
- ALL TIME*
- 10.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HGXIX vs. TAVFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HGXIX Hartford Global Impact Fund | 15.86% | 9.62% | 7.78% | 13.19% | -22.53% | 10.86% | 31.37% | 27.97% | -10.10% | 23.00% |
TAVFX Third Avenue Value Fund | 16.34% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 2.96% |
Correlation
The correlation between HGXIX and TAVFX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017 | 0.67 |
The correlation between HGXIX and TAVFX has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
HGXIX vs. TAVFX — Risk / Return Rank
HGXIX
TAVFX
HGXIX vs. TAVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Global Impact Fund (HGXIX) and Third Avenue Value Fund (TAVFX). 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.
| HGXIX | TAVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.46 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.55 | -1.92 |
| Martin ratioReturn relative to average drawdown | 4.87 | 13.02 | -8.15 |
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Drawdowns
HGXIX vs. TAVFX - Drawdown Comparison
The maximum HGXIX drawdown since its inception was -36.01%, smaller than the maximum TAVFX drawdown of -66.11%. Use the drawdown chart below to compare losses from any high point for HGXIX and TAVFX.
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Drawdown Indicators
| HGXIX | TAVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.01% | -66.11% | +30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -11.48% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | -66.11% | +50.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.08% | -66.11% | +34.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.11% | — |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -9.54% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.12% | +0.42% |
Volatility
HGXIX vs. TAVFX - Volatility Comparison
Hartford Global Impact Fund (HGXIX) and Third Avenue Value Fund (TAVFX) have volatilities of 4.10% and 3.97%, 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.
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Volatility by Period
| HGXIX | TAVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 3.97% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 11.67% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 15.48% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 81.99% | -65.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 60.29% | -42.91% |
HGXIX vs. TAVFX - Expense Ratio Comparison
HGXIX has a 0.89% expense ratio, which is lower than TAVFX's 1.15% expense ratio.
Dividends
HGXIX vs. TAVFX - Dividend Comparison
HGXIX's dividend yield for the trailing twelve months is around 0.47%, less than TAVFX's 5.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HGXIX Hartford Global Impact Fund | 0.47% | 0.54% | 0.00% | 0.97% | 0.78% | 2.85% | 0.69% | 0.71% | 14.85% | 4.04% | 0.00% | 0.00% |
TAVFX Third Avenue Value Fund | 5.96% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
Frequently Asked Questions
HGXIX and TAVFX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HGXIX has higher volatility (4.10%) compared to TAVFX (3.97%). In terms of maximum drawdown, HGXIX dropped -36.01% vs TAVFX's -66.11%.
TAVFX currently has the higher Sharpe Ratio (2.63 vs 1.15), 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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