HIACX vs. VIIIX
HIACX (Hartford Capital Appreciation HLS Fund) and VIIIX (Vanguard Institutional Index Fund Institutional Plus Shares) are both mutual funds - HIACX is a Large Cap Blend Equities fund managed by Hartford, while VIIIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, HIACX returned 12.77%/yr vs 15.74%/yr for VIIIX. Their correlation of 0.94 suggests significant overlap in exposure. HIACX charges 0.67%/yr vs 0.02%/yr for VIIIX.
Performance
HIACX vs. VIIIX - Performance Comparison
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Returns By Period
In the year-to-date period, HIACX achieves a 9.02% return, which is significantly lower than VIIIX's 11.70% return. Over the past 10 years, HIACX has underperformed VIIIX with an annualized return of 12.77%, while VIIIX has yielded a comparatively higher 15.74% annualized return.
HIACX
- 1D
- 0.31%
- 1M
- 5.28%
- YTD
- 9.02%
- 6M
- 8.87%
- 1Y
- 24.83%
- 3Y*
- 18.38%
- 5Y*
- 10.08%
- 10Y*
- 12.77%
VIIIX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.70%
- 6M
- 11.74%
- 1Y
- 28.99%
- 3Y*
- 23.17%
- 5Y*
- 14.42%
- 10Y*
- 15.74%
HIACX vs. VIIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIACX Hartford Capital Appreciation HLS Fund | 9.02% | 13.68% | 21.26% | 20.01% | -15.73% | 14.85% | 21.82% | 31.00% | -7.15% | 22.13% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 11.70% | 17.87% | 26.29% | 25.79% | -18.14% | 28.69% | 18.41% | 31.48% | -4.41% | 21.82% |
Correlation
The correlation between HIACX and VIIIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 1997 | 0.94 |
The correlation between HIACX and VIIIX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
HIACX vs. VIIIX — Risk / Return Rank
HIACX
VIIIX
HIACX vs. VIIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Capital Appreciation HLS Fund (HIACX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX). 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.
| HIACX | VIIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 3.36 | -0.94 |
| Martin ratioReturn relative to average drawdown | 10.10 | 15.69 | -5.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HIACX | VIIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.52 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.86 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.87 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.50 | -0.42 |
Drawdowns
HIACX vs. VIIIX - Drawdown Comparison
The maximum HIACX drawdown since its inception was -92.74%, which is greater than VIIIX's maximum drawdown of -55.18%. Use the drawdown chart below to compare losses from any high point for HIACX and VIIIX.
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Drawdown Indicators
| HIACX | VIIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.74% | -55.18% | -37.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.56% | -8.90% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -18.75% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.19% | -24.50% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.33% | -33.79% | -1.54% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -25.03% | -10.02% | -15.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 1.90% | +0.62% |
Volatility
HIACX vs. VIIIX - Volatility Comparison
Hartford Capital Appreciation HLS Fund (HIACX) and Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) have volatilities of 2.69% and 2.83%, 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
| HIACX | VIIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.83% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 8.97% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.94% | 11.86% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 16.89% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 18.06% | -0.21% |
HIACX vs. VIIIX - Expense Ratio Comparison
HIACX has a 0.67% expense ratio, which is higher than VIIIX's 0.02% expense ratio.
Dividends
HIACX vs. VIIIX - Dividend Comparison
HIACX's dividend yield for the trailing twelve months is around 11.88%, more than VIIIX's 2.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIACX Hartford Capital Appreciation HLS Fund | 11.88% | 12.96% | 4.89% | 2.43% | 16.98% | 9.56% | 7.62% | 12.43% | 13.46% | 6.53% | 11.26% | 24.92% |
VIIIX Vanguard Institutional Index Fund Institutional Plus Shares | 2.41% | 2.11% | 3.66% | 2.66% | 3.39% | 4.79% | 3.07% | 2.86% | 2.45% | 1.84% | 2.38% | 2.47% |
Frequently Asked Questions
With a correlation of 0.98, HIACX and VIIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VIIIX has higher volatility (2.83%) compared to HIACX (2.69%). In terms of maximum drawdown, HIACX dropped -92.74% vs VIIIX's -55.18%.
VIIIX currently has the higher Sharpe Ratio (2.52 vs 2.14), 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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