HIAGX vs. HHMIX
HIAGX (Hartford Disciplined Equity HLS Fund) and HHMIX (Hartford Municipal Opportunities Fund) are both mutual funds - HIAGX is a Large Cap Blend Equities fund managed by Hartford, while HHMIX is a Municipal Bonds fund managed by Hartford. Over the past 10 years, HIAGX returned 13.55%/yr vs 2.08%/yr for HHMIX. Their -0.08 correlation means they have often moved in opposite directions in the past. HIAGX charges 0.60%/yr vs 0.44%/yr for HHMIX.
Performance
HIAGX vs. HHMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HIAGX achieves a 6.60% return, which is significantly higher than HHMIX's 0.18% return. Over the past 10 years, HIAGX has outperformed HHMIX with an annualized return of 13.55%, while HHMIX has yielded a comparatively lower 2.08% annualized return.
HIAGX
- 1D
- 1.44%
- 1M
- -0.56%
- 6M
- 5.01%
- YTD
- 6.60%
- 1Y
- 14.98%
- 3Y*
- 16.95%
- 5Y*
- 10.05%
- 10Y*
- 13.55%
- ALL TIME*
- 18.04%
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%
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 |
HIAGX vs. HHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIAGX Hartford Disciplined Equity HLS Fund | 6.60% | 14.28% | 25.43% | 21.25% | -19.11% | 25.57% | 18.01% | 33.94% | -2.12% | 21.89% |
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% |
Correlation
The correlation between HIAGX and HHMIX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | -0.08 |
The correlation between HIAGX and HHMIX shifts across timeframes, from -0.08 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HIAGX vs. HHMIX — Risk / Return Rank
HIAGX
HHMIX
HIAGX vs. HHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Disciplined Equity HLS Fund (HIAGX) and Hartford Municipal Opportunities Fund (HHMIX). 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.
| HIAGX | HHMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.61 | -0.15 |
| Martin ratioReturn relative to average drawdown | 6.54 | 4.74 | +1.80 |
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Drawdowns
HIAGX vs. HHMIX - Drawdown Comparison
The maximum HIAGX drawdown since its inception was -51.67%, which is greater than HHMIX's maximum drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for HIAGX and HHMIX.
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Drawdown Indicators
| HIAGX | HHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.67% | -30.49% | -21.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -2.81% | -6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -4.03% | -13.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -13.76% | -11.24% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -13.76% | -20.11% |
Current DrawdownCurrent decline from peak | -2.06% | -2.02% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -3.86% | -7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.95% | +1.06% |
Volatility
HIAGX vs. HHMIX - Volatility Comparison
Hartford Disciplined Equity HLS Fund (HIAGX) has a higher volatility of 3.30% compared to Hartford Municipal Opportunities Fund (HHMIX) at 0.82%. This indicates that HIAGX's price experiences larger fluctuations and is considered to be riskier than HHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HIAGX | HHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 0.82% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 2.09% | +7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.46% | 2.50% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.44% | 3.35% | +13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 3.58% | +13.96% |
HIAGX vs. HHMIX - Expense Ratio Comparison
HIAGX has a 0.60% expense ratio, which is higher than HHMIX's 0.44% expense ratio.
Dividends
HIAGX vs. HHMIX - Dividend Comparison
HIAGX's dividend yield for the trailing twelve months is around 9.92%, more than HHMIX's 3.19% 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% |
HIAGX Hartford Disciplined Equity HLS Fund | 9.92% | 10.57% | 4.76% | 1.39% | 7.38% | 4.63% | 7.60% | 12.48% | 12.29% | 12.00% | 15.08% | 44.72% |
Frequently Asked Questions
HIAGX and HHMIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIAGX has higher volatility (3.30%) compared to HHMIX (0.82%). In terms of maximum drawdown, HIAGX dropped -51.67% vs HHMIX's -30.49%.
HHMIX currently has the higher Sharpe Ratio (1.81 vs 1.06), 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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