HIAHX vs. GGHCX

Last updated Jun 6, 2026

HIAHX (Hartford Healthcare HLS Fund) and GGHCX (Invesco Health Care Fund) are both Health & Biotech Equities funds. Over the past 10 years, HIAHX returned 8.05%/yr vs 6.44%/yr for GGHCX. Their correlation of 0.91 suggests significant overlap in exposure. HIAHX charges 0.91%/yr vs 1.04%/yr for GGHCX.

Performance

HIAHX vs. GGHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Healthcare HLS Fund (HIAHX) and Invesco Health Care Fund (GGHCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIAHX achieves a -1.12% return, which is significantly higher than GGHCX's -4.62% return. Over the past 10 years, HIAHX has outperformed GGHCX with an annualized return of 8.05%, while GGHCX has yielded a comparatively lower 6.44% annualized return.

HIAHX

• 1D: 3.04%
• 1M: 2.56%
• YTD: -1.12%
• 6M: 0.11%
• 1Y: 21.52%
• 3Y*: 6.03%
• 5Y*: 2.44%
• 10Y*: 8.05%

GGHCX

• 1D: 2.18%
• 1M: 1.23%
• YTD: -4.62%
• 6M: -5.82%
• 1Y: 8.67%
• 3Y*: 5.47%
• 5Y*: 2.85%
• 10Y*: 6.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HIAHX vs. GGHCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIAHX Hartford Healthcare HLS Fund	-1.12%	15.99%	0.39%	4.12%	-12.03%	10.07%	22.38%	33.77%	-2.79%	22.39%
GGHCX Invesco Health Care Fund	-4.62%	15.48%	3.96%	3.05%	-13.53%	12.05%	14.52%	32.01%	0.27%	15.51%

Correlation

The correlation between HIAHX and GGHCX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 1, 2000	0.91

The correlation between HIAHX and GGHCX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

HIAHX vs. GGHCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HIAHX

HIAHX Risk / Return Rank: 27
HIAHX Sharpe Ratio Rank: 27
HIAHX Sortino Ratio Rank: 28
HIAHX Omega Ratio Rank: 25
HIAHX Calmar Ratio Rank: 31
HIAHX Martin Ratio Rank: 24

GGHCX

GGHCX Risk / Return Rank: 8
GGHCX Sharpe Ratio Rank: 9
GGHCX Sortino Ratio Rank: 9
GGHCX Omega Ratio Rank: 8
GGHCX Calmar Ratio Rank: 8
GGHCX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HIAHX vs. GGHCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Healthcare HLS Fund (HIAHX) and Invesco Health Care Fund (GGHCX). 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.

	HIAHX	GGHCX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.67	+0.74
Sortino ratio: Return per unit of downside risk	2.13	1.06	+1.07
Omega ratio: Gain probability vs. loss probability	1.25	1.12	+0.13
Calmar ratio: Return relative to maximum drawdown	1.99	0.66	+1.33
Martin ratio: Return relative to average drawdown	5.45	1.52	+3.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIAHX vs. GGHCX - Sharpe Ratio Comparison

The current HIAHX Sharpe Ratio is 1.41, which is higher than the GGHCX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of HIAHX and GGHCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HIAHX	GGHCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.67	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.18	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.37	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.57	-0.45

Drawdowns

HIAHX vs. GGHCX - Drawdown Comparison

The maximum HIAHX drawdown since its inception was -42.85%, which is greater than GGHCX's maximum drawdown of -40.23%. Use the drawdown chart below to compare losses from any high point for HIAHX and GGHCX.

Drawdown Indicators

	HIAHX	GGHCX	Difference
Max Drawdown Largest peak-to-trough decline	-42.85%	-40.23%	-2.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-13.53%	+2.76%
Max Drawdown (3Y) Largest decline over 3 years	-22.41%	-16.86%	-5.55%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-25.37%	+0.03%
Max Drawdown (10Y) Largest decline over 10 years	-28.64%	-29.34%	+0.70%
Current Drawdown Current decline from peak	-4.02%	-9.12%	+5.10%
Average Drawdown Average peak-to-trough decline	-7.80%	-8.82%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	5.87%	-1.94%

Volatility

HIAHX vs. GGHCX - Volatility Comparison

Hartford Healthcare HLS Fund (HIAHX) and Invesco Health Care Fund (GGHCX) have volatilities of 5.12% and 4.97%, 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.

Volatility by Period

	HIAHX	GGHCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	4.97%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	10.32%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	13.29%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	15.56%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	17.46%	+0.22%

HIAHX vs. GGHCX - Expense Ratio Comparison

HIAHX has a 0.91% expense ratio, which is lower than GGHCX's 1.04% expense ratio.

Dividends

HIAHX vs. GGHCX - Dividend Comparison

HIAHX's dividend yield for the trailing twelve months is around 5.32%, less than GGHCX's 5.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GGHCX Invesco Health Care Fund	5.96%	5.69%	5.17%	0.00%	0.00%	24.69%	6.44%	3.51%	8.81%	6.88%	2.24%	15.07%
HIAHX Hartford Healthcare HLS Fund	5.32%	5.26%	0.80%	1.75%	28.95%	11.61%	19.34%	13.63%	7.16%	16.48%	30.28%	12.48%

Frequently Asked Questions

Can I hold both HIAHX and GGHCX in my portfolio?

With a correlation of 0.92, HIAHX and GGHCX 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.

Which is riskier, HIAHX or GGHCX?

HIAHX has higher volatility (5.12%) compared to GGHCX (4.97%). In terms of maximum drawdown, HIAHX dropped -42.85% vs GGHCX's -40.23%.

Which has better risk-adjusted returns?

HIAHX currently has the higher Sharpe Ratio (1.41 vs 0.67), 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.