HHMIX vs. HMJIX
HHMIX (Hartford Municipal Opportunities Fund) and HMJIX (Hartford Municipal Short Duration Fund) are both Municipal Bonds funds from Hartford. Over the past 10 years, HHMIX returned 2.08%/yr vs 1.57%/yr for HMJIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. HHMIX charges 0.44%/yr vs 0.46%/yr for HMJIX.
Performance
HHMIX vs. HMJIX - Performance Comparison
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Returns By Period
In the year-to-date period, HHMIX achieves a 0.18% return, which is significantly lower than HMJIX's 0.32% return. Over the past 10 years, HHMIX has outperformed HMJIX with an annualized return of 2.08%, while HMJIX has yielded a comparatively lower 1.57% annualized return.
HHMIX
- 1D
- -0.24%
- 1M
- -1.66%
- 6M
- -0.81%
- YTD
- 0.18%
- 1Y
- 3.83%
- 3Y*
- 3.59%
- 5Y*
- 0.73%
- 10Y*
- 2.08%
- ALL TIME*
- 2.52%
HMJIX
- 1D
- -0.08%
- 1M
- -0.38%
- 6M
- -0.37%
- YTD
- 0.32%
- 1Y
- 1.68%
- 3Y*
- 2.80%
- 5Y*
- 1.09%
- 10Y*
- 1.57%
- ALL TIME*
- 1.64%
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 |
HHMIX vs. HMJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 0.18% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
HMJIX Hartford Municipal Short Duration Fund | 0.32% | 3.69% | 2.33% | 3.56% | -3.75% | 0.71% | 2.72% | 4.16% | 1.62% | 2.56% |
Correlation
The correlation between HHMIX and HMJIX is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.66 |
The correlation between HHMIX and HMJIX shifts across timeframes, from 0.53 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HHMIX vs. HMJIX — Risk / Return Rank
HHMIX
HMJIX
HHMIX vs. HMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) and Hartford Municipal Short Duration Fund (HMJIX). 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.
| HHMIX | HMJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.44 | +0.18 |
| Martin ratioReturn relative to average drawdown | 4.74 | 3.62 | +1.12 |
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Drawdowns
HHMIX vs. HMJIX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -30.49%, which is greater than HMJIX's maximum drawdown of -7.02%. Use the drawdown chart below to compare losses from any high point for HHMIX and HMJIX.
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Drawdown Indicators
| HHMIX | HMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -7.02% | -23.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -1.39% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -1.71% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -6.26% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -13.76% | -7.02% | -6.74% |
Current DrawdownCurrent decline from peak | -2.02% | -1.01% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -1.01% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.55% | +0.40% |
Volatility
HHMIX vs. HMJIX - Volatility Comparison
Hartford Municipal Opportunities Fund (HHMIX) has a higher volatility of 0.82% compared to Hartford Municipal Short Duration Fund (HMJIX) at 0.31%. This indicates that HHMIX's price experiences larger fluctuations and is considered to be riskier than HMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHMIX | HMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.31% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 0.98% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 1.17% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 1.54% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 1.80% | +1.78% |
HHMIX vs. HMJIX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than HMJIX's 0.46% expense ratio.
Dividends
HHMIX vs. HMJIX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.19%, more than HMJIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 3.19% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
HMJIX Hartford Municipal Short Duration Fund | 2.29% | 2.01% | 1.89% | 1.83% | 1.44% | 1.21% | 1.78% | 2.28% | 1.90% | 1.63% | 1.27% | 0.00% |
Frequently Asked Questions
HHMIX and HMJIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HHMIX has higher volatility (0.82%) compared to HMJIX (0.31%). In terms of maximum drawdown, HHMIX dropped -30.49% vs HMJIX's -7.02%.
HHMIX currently has the higher Sharpe Ratio (1.81 vs 1.70), 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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