HIAHX vs. SEMNX

Last updated Aug 1, 2026

HIAHX (Hartford Healthcare HLS Fund) and SEMNX (Hartford Schroders Emerging Markets Equity Fund Class I) are both mutual funds - HIAHX is a Health & Biotech Equities fund managed by Hartford, while SEMNX is a Emerging Markets Equities fund managed by Hartford. Over the past 10 years, HIAHX returned 8.32%/yr vs 9.97%/yr for SEMNX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. HIAHX charges 0.91%/yr vs 1.23%/yr for SEMNX.

Performance

HIAHX vs. SEMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Healthcare HLS Fund (HIAHX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIAHX achieves a 5.99% return, which is significantly lower than SEMNX's 19.30% return. Over the past 10 years, HIAHX has underperformed SEMNX with an annualized return of 8.32%, while SEMNX has yielded a comparatively higher 9.97% annualized return.

HIAHX

• 1D: -1.15%
• 1M: -2.27%
• 6M: 6.53%
• YTD: 5.99%
• 1Y: 32.93%
• 3Y*: 8.16%
• 5Y*: 2.60%
• 10Y*: 8.32%
• ALL TIME*: 20.69%

SEMNX

• 1D: 4.70%
• 1M: -4.73%
• 6M: 8.95%
• YTD: 19.30%
• 1Y: 46.00%
• 3Y*: 20.34%
• 5Y*: 7.44%
• 10Y*: 9.97%
• ALL TIME*: 6.15%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HIAHX Hartford Healthcare HLS Fund	$0.00	$0.00	$0.00
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	$0.00	$0.00	$0.00

HIAHX vs. SEMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIAHX Hartford Healthcare HLS Fund	5.99%	15.99%	0.39%	4.12%	-12.03%	10.07%	22.38%	33.77%	-2.79%	22.39%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	19.30%	40.36%	7.56%	8.80%	-22.30%	-5.11%	23.58%	22.12%	-15.57%	40.87%

Correlation

The correlation between HIAHX and SEMNX is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (10Y) Provides a long-term view across more market conditions.	0.46
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.53

Over the past year, the correlation between HIAHX and SEMNX has dropped to 0.13 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.

Return for Risk

HIAHX vs. SEMNX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HIAHX

HIAHX Risk / Return Rank: 74
HIAHX Sharpe Ratio Rank: 80
HIAHX Sortino Ratio Rank: 81
HIAHX Omega Ratio Rank: 74
HIAHX Calmar Ratio Rank: 82
HIAHX Martin Ratio Rank: 54

SEMNX

SEMNX Risk / Return Rank: 71
SEMNX Sharpe Ratio Rank: 70
SEMNX Sortino Ratio Rank: 61
SEMNX Omega Ratio Rank: 72
SEMNX Calmar Ratio Rank: 80
SEMNX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HIAHX vs. SEMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Healthcare HLS Fund (HIAHX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). 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.

	HIAHX	SEMNX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.65	+0.29
Sortino ratio: Return per unit of downside risk	2.89	2.12	+0.77
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.84	2.63	+0.21
Martin ratio: Return relative to average drawdown	7.72	8.75	-1.03

HIAHX vs. SEMNX - Sharpe Ratio Comparison

The current HIAHX Sharpe Ratio is 1.94, which is comparable to the SEMNX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of HIAHX and SEMNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HIAHX vs. SEMNX - Drawdown Comparison

The maximum HIAHX drawdown since its inception was -42.85%, smaller than the maximum SEMNX drawdown of -65.10%. Use the drawdown chart below to compare losses from any high point for HIAHX and SEMNX.

Drawdown Indicators

	HIAHX	SEMNX	Difference
Max Drawdown Largest peak-to-trough decline	-42.85%	-65.10%	+22.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-16.43%	+5.66%
Max Drawdown (3Y) Largest decline over 3 years	-22.41%	-16.67%	-5.74%
Max Drawdown (5Y) Largest decline over 5 years	-25.34%	-37.78%	+12.44%
Max Drawdown (10Y) Largest decline over 10 years	-28.64%	-42.47%	+13.83%
Current Drawdown Current decline from peak	-3.07%	-12.50%	+9.43%
Average Drawdown Average peak-to-trough decline	-7.77%	-17.17%	+9.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	4.93%	-0.96%

Volatility

HIAHX vs. SEMNX - Volatility Comparison

The current volatility for Hartford Healthcare HLS Fund (HIAHX) is 5.17%, while Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) has a volatility of 11.43%. This indicates that HIAHX experiences smaller price fluctuations and is considered to be less risky than SEMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIAHX	SEMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	11.43%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	11.91%	24.10%	-12.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	26.19%	-10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	19.59%	-3.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.68%	19.30%	-1.62%

HIAHX vs. SEMNX - Expense Ratio Comparison

HIAHX has a 0.91% expense ratio, which is lower than SEMNX's 1.23% expense ratio.

Dividends

HIAHX vs. SEMNX - Dividend Comparison

HIAHX's dividend yield for the trailing twelve months is around 4.97%, more than SEMNX's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIAHX Hartford Healthcare HLS Fund	4.97%	5.26%	0.80%	1.75%	28.95%	11.61%	19.34%	13.63%	7.16%	16.48%	30.28%	12.48%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	1.32%	1.58%	1.16%	1.33%	1.86%	1.21%	0.77%	2.17%	1.22%	0.82%	0.94%	0.94%

Frequently Asked Questions

Can I hold both HIAHX and SEMNX in my portfolio?

HIAHX and SEMNX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIAHX or SEMNX?

SEMNX has higher volatility (11.43%) compared to HIAHX (5.17%). In terms of maximum drawdown, HIAHX dropped -42.85% vs SEMNX's -65.10%.

Which has better risk-adjusted returns?

HIAHX currently has the higher Sharpe Ratio (1.94 vs 1.65), 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.