HHMIX vs. HSMYX
HHMIX (Hartford Municipal Opportunities Fund) and HSMYX (Hartford Small Cap Value Fund) are both mutual funds - HHMIX is a Municipal Bonds fund managed by Hartford, while HSMYX is a Small Cap Value Equities fund managed by Hartford. Over the past 10 years, HHMIX returned 2.25%/yr vs 11.54%/yr for HSMYX. At a correlation of -0.09, they often move in opposite directions. HHMIX charges 0.44%/yr vs 0.85%/yr for HSMYX.
Performance
HHMIX vs. HSMYX - Performance Comparison
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Returns By Period
In the year-to-date period, HHMIX achieves a 1.46% return, which is significantly lower than HSMYX's 20.06% return. Over the past 10 years, HHMIX has underperformed HSMYX with an annualized return of 2.25%, while HSMYX has yielded a comparatively higher 11.54% annualized return.
HHMIX
- 1D
- 0.12%
- 1M
- 0.89%
- YTD
- 1.46%
- 6M
- 1.87%
- 1Y
- 5.88%
- 3Y*
- 4.19%
- 5Y*
- 1.18%
- 10Y*
- 2.25%
HSMYX
- 1D
- 1.43%
- 1M
- 4.29%
- YTD
- 20.06%
- 6M
- 18.69%
- 1Y
- 35.12%
- 3Y*
- 17.27%
- 5Y*
- 6.96%
- 10Y*
- 11.54%
HHMIX vs. HSMYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 1.46% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
HSMYX Hartford Small Cap Value Fund | 20.06% | 2.45% | 11.99% | 17.29% | -12.02% | 31.98% | 4.41% | 28.25% | -10.65% | 10.04% |
Correlation
The correlation between HHMIX and HSMYX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | -0.09 |
The correlation between HHMIX and HSMYX shifts across timeframes, from -0.09 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HHMIX vs. HSMYX — Risk / Return Rank
HHMIX
HSMYX
HHMIX vs. HSMYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) and Hartford Small Cap Value Fund (HSMYX). 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 | HSMYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.31 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.02 | -0.91 |
| Martin ratioReturn relative to average drawdown | 6.68 | 8.70 | -2.03 |
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Drawdowns
HHMIX vs. HSMYX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -30.49%, smaller than the maximum HSMYX drawdown of -60.81%. Use the drawdown chart below to compare losses from any high point for HHMIX and HSMYX.
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Drawdown Indicators
| HHMIX | HSMYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -60.81% | +30.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -11.25% | +8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -27.70% | +23.09% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -27.70% | +13.94% |
Max Drawdown (10Y)Largest decline over 10 years | -13.76% | -46.51% | +32.75% |
Current DrawdownCurrent decline from peak | -0.78% | 0.00% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -9.76% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 3.90% | -3.02% |
Volatility
HHMIX vs. HSMYX - Volatility Comparison
The current volatility for Hartford Municipal Opportunities Fund (HHMIX) is 0.76%, while Hartford Small Cap Value Fund (HSMYX) has a volatility of 4.93%. This indicates that HHMIX experiences smaller price fluctuations and is considered to be less risky than HSMYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHMIX | HSMYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 4.93% | -4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 12.44% | -10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.37% | 18.78% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 21.18% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 23.74% | -20.17% |
HHMIX vs. HSMYX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than HSMYX's 0.85% expense ratio.
Dividends
HHMIX vs. HSMYX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.41%, less than HSMYX's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 3.41% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
HSMYX Hartford Small Cap Value Fund | 5.57% | 6.68% | 2.91% | 3.35% | 9.64% | 6.82% | 1.27% | 12.08% | 36.32% | 5.07% | 1.16% | 6.70% |
Frequently Asked Questions
HHMIX and HSMYX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSMYX has higher volatility (4.93%) compared to HHMIX (0.76%). In terms of maximum drawdown, HHMIX dropped -30.49% vs HSMYX's -60.81%.
HHMIX currently has the higher Sharpe Ratio (2.50 vs 1.81), 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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