HHMIX vs. HWDIX
HHMIX (Hartford Municipal Opportunities Fund) and HWDIX (The Hartford World Bond Fund) are both mutual funds - HHMIX is a Municipal Bonds fund managed by Hartford, while HWDIX is a Global Bonds fund managed by Hartford. Over the past 10 years, HHMIX returned 2.25%/yr vs 1.77%/yr for HWDIX. At a 0.38 correlation, their price movements are largely independent. HHMIX charges 0.44%/yr vs 0.71%/yr for HWDIX.
Performance
HHMIX vs. HWDIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HHMIX achieves a 1.46% return, which is significantly higher than HWDIX's 0.80% return. Over the past 10 years, HHMIX has outperformed HWDIX with an annualized return of 2.25%, while HWDIX has yielded a comparatively lower 1.77% annualized return.
HHMIX
- 1D
- 0.00%
- 1M
- 1.25%
- YTD
- 1.46%
- 6M
- 1.87%
- 1Y
- 5.88%
- 3Y*
- 4.19%
- 5Y*
- 1.18%
- 10Y*
- 2.25%
HWDIX
- 1D
- -0.20%
- 1M
- 0.60%
- YTD
- 0.80%
- 6M
- 0.94%
- 1Y
- 2.53%
- 3Y*
- 3.58%
- 5Y*
- 1.24%
- 10Y*
- 1.77%
HHMIX vs. HWDIX - 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% |
HWDIX The Hartford World Bond Fund | 0.80% | 4.05% | 2.13% | 4.23% | -3.83% | -0.96% | 1.79% | 3.96% | 4.05% | 2.54% |
Correlation
The correlation between HHMIX and HWDIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 31, 2011 | 0.38 |
The correlation between HHMIX and HWDIX shifts across timeframes, from 0.38 (all time) to 0.57 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HHMIX vs. HWDIX — Risk / Return Rank
HHMIX
HWDIX
HHMIX vs. HWDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) and The Hartford World Bond Fund (HWDIX). 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 | HWDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.20 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.92 | +1.23 |
| Martin ratioReturn relative to average drawdown | 6.85 | 3.16 | +3.69 |
Loading charts...
Drawdowns
HHMIX vs. HWDIX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -30.49%, which is greater than HWDIX's maximum drawdown of -8.33%. Use the drawdown chart below to compare losses from any high point for HHMIX and HWDIX.
Loading charts...
Drawdown Indicators
| HHMIX | HWDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -8.33% | -22.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.87% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -3.12% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -8.10% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -13.76% | -8.33% | -5.43% |
Current DrawdownCurrent decline from peak | -0.78% | -0.59% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -1.24% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.83% | +0.05% |
Volatility
HHMIX vs. HWDIX - Volatility Comparison
The current volatility for Hartford Municipal Opportunities Fund (HHMIX) is 0.74%, while The Hartford World Bond Fund (HWDIX) has a volatility of 0.79%. This indicates that HHMIX experiences smaller price fluctuations and is considered to be less risky than HWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HHMIX | HWDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.79% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 2.38% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.37% | 2.74% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 3.03% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.57% | 2.65% | +0.92% |
HHMIX vs. HWDIX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than HWDIX's 0.71% expense ratio.
Dividends
HHMIX vs. HWDIX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.41%, less than HWDIX's 4.42% 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% |
HWDIX The Hartford World Bond Fund | 4.42% | 4.45% | 2.93% | 3.12% | 0.22% | 1.71% | 0.82% | 3.06% | 4.31% | 0.01% | 0.28% | 3.61% |
Frequently Asked Questions
HHMIX and HWDIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HWDIX has higher volatility (0.79%) compared to HHMIX (0.74%). In terms of maximum drawdown, HHMIX dropped -30.49% vs HWDIX's -8.33%.
HHMIX currently has the higher Sharpe Ratio (2.56 vs 0.96), 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.
Find the right allocation for HHMIX and HWDIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer