HILAX vs. GTMIX
HILAX (Hartford International Value Fund Class A) and GTMIX (GMO Tax-Managed International Equities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, HILAX returned 11.29%/yr vs 10.95%/yr for GTMIX. Their correlation of 0.94 means they have usually moved in the same direction. HILAX charges 1.18%/yr vs 0.68%/yr for GTMIX.
Performance
HILAX vs. GTMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HILAX achieves a 18.10% return, which is significantly lower than GTMIX's 22.05% return. Both investments have delivered pretty close results over the past 10 years, with HILAX having a 11.29% annualized return and GTMIX not far behind at 10.95%.
HILAX
- 1D
- 2.16%
- 1M
- 6.03%
- 6M
- 11.23%
- YTD
- 18.10%
- 1Y
- 34.49%
- 3Y*
- 20.68%
- 5Y*
- 15.13%
- 10Y*
- 11.29%
- ALL TIME*
- 10.27%
GTMIX
- 1D
- 1.72%
- 1M
- 6.92%
- 6M
- 14.84%
- YTD
- 22.05%
- 1Y
- 45.05%
- 3Y*
- 22.18%
- 5Y*
- 13.23%
- 10Y*
- 10.95%
- ALL TIME*
- 7.41%
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 |
HILAX vs. GTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HILAX Hartford International Value Fund Class A | 18.10% | 44.31% | 0.11% | 19.55% | -2.58% | 18.46% | -6.29% | 17.94% | -17.98% | 24.35% |
GTMIX GMO Tax-Managed International Equities Fund | 22.05% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Correlation
The correlation between HILAX and GTMIX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.94 |
The correlation between HILAX and GTMIX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
HILAX vs. GTMIX — Risk / Return Rank
HILAX
GTMIX
HILAX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford International Value Fund Class A (HILAX) and GMO Tax-Managed International Equities Fund (GTMIX). 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.
| HILAX | GTMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.63 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 5.60 | -2.62 |
| Martin ratioReturn relative to average drawdown | 11.46 | 22.17 | -10.71 |
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Drawdowns
HILAX vs. GTMIX - Drawdown Comparison
The maximum HILAX drawdown since its inception was -48.61%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for HILAX and GTMIX.
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Drawdown Indicators
| HILAX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.61% | -58.31% | +9.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -7.90% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.05% | -14.11% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -27.34% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -48.61% | -40.32% | -8.29% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.33% | -12.61% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 1.99% | +0.94% |
Volatility
HILAX vs. GTMIX - Volatility Comparison
Hartford International Value Fund Class A (HILAX) has a higher volatility of 4.06% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 3.70%. This indicates that HILAX's price experiences larger fluctuations and is considered to be riskier than GTMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HILAX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.70% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 10.11% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 12.77% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 14.89% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 15.76% | +1.01% |
HILAX vs. GTMIX - Expense Ratio Comparison
HILAX has a 1.18% expense ratio, which is higher than GTMIX's 0.68% expense ratio.
Dividends
HILAX vs. GTMIX - Dividend Comparison
HILAX's dividend yield for the trailing twelve months is around 4.91%, less than GTMIX's 20.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 20.69% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
HILAX Hartford International Value Fund Class A | 4.91% | 5.80% | 0.00% | 2.52% | 2.66% | 3.03% | 1.18% | 2.83% | 8.06% | 6.75% | 4.86% | 3.25% |
Frequently Asked Questions
With a correlation of 0.94, HILAX and GTMIX 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.
HILAX has higher volatility (4.06%) compared to GTMIX (3.70%). In terms of maximum drawdown, HILAX dropped -48.61% vs GTMIX's -58.31%.
GTMIX currently has the higher Sharpe Ratio (3.49 vs 2.40), 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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