HILYX vs. GTMIX
HILYX (Hartford International Value Fund) and GTMIX (GMO Tax-Managed International Equities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, HILYX returned 11.29%/yr vs 10.27%/yr for GTMIX. Their correlation of 0.94 suggests significant overlap in exposure. HILYX charges 0.91%/yr vs 0.68%/yr for GTMIX.
Performance
HILYX vs. GTMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HILYX achieves a 11.28% return, which is significantly lower than GTMIX's 13.42% return. Over the past 10 years, HILYX has outperformed GTMIX with an annualized return of 11.29%, while GTMIX has yielded a comparatively lower 10.27% annualized return.
HILYX
- 1D
- 0.00%
- 1M
- -0.00%
- YTD
- 11.28%
- 6M
- 12.00%
- 1Y
- 31.35%
- 3Y*
- 20.22%
- 5Y*
- 13.93%
- 10Y*
- 11.29%
GTMIX
- 1D
- -0.38%
- 1M
- -0.54%
- YTD
- 13.42%
- 6M
- 13.84%
- 1Y
- 39.10%
- 3Y*
- 20.69%
- 5Y*
- 11.56%
- 10Y*
- 10.27%
HILYX vs. GTMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HILYX Hartford International Value Fund | 11.28% | 44.76% | 0.28% | 19.84% | -2.28% | 18.79% | -5.94% | 18.28% | -17.74% | 24.91% |
GTMIX GMO Tax-Managed International Equities Fund | 13.42% | 46.17% | 1.54% | 14.96% | -10.13% | 10.71% | 7.50% | 23.35% | -21.23% | 28.45% |
Correlation
The correlation between HILYX and GTMIX is 0.94, 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 | 0.94 |
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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.94 |
The correlation between HILYX and GTMIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
HILYX vs. GTMIX — Risk / Return Rank
HILYX
GTMIX
HILYX vs. GTMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford International Value Fund (HILYX) 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.
| HILYX | GTMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.53 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 4.85 | -2.13 |
| Martin ratioReturn relative to average drawdown | 10.53 | 18.73 | -8.20 |
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Drawdowns
HILYX vs. GTMIX - Drawdown Comparison
The maximum HILYX drawdown since its inception was -48.29%, smaller than the maximum GTMIX drawdown of -58.31%. Use the drawdown chart below to compare losses from any high point for HILYX and GTMIX.
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Drawdown Indicators
| HILYX | GTMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.29% | -58.31% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -7.90% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -14.11% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -27.34% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -48.29% | -40.32% | -7.97% |
Current DrawdownCurrent decline from peak | -1.43% | -1.33% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -12.66% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.04% | +0.87% |
Volatility
HILYX vs. GTMIX - Volatility Comparison
Hartford International Value Fund (HILYX) has a higher volatility of 3.99% compared to GMO Tax-Managed International Equities Fund (GTMIX) at 3.61%. This indicates that HILYX'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
| HILYX | GTMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.61% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 9.95% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.01% | 13.00% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 14.94% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 16.03% | +1.01% |
HILYX vs. GTMIX - Expense Ratio Comparison
HILYX has a 0.91% expense ratio, which is higher than GTMIX's 0.68% expense ratio.
Dividends
HILYX vs. GTMIX - Dividend Comparison
HILYX's dividend yield for the trailing twelve months is around 5.21%, less than GTMIX's 19.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTMIX GMO Tax-Managed International Equities Fund | 19.78% | 22.43% | 5.94% | 0.36% | 5.44% | 16.55% | 2.25% | 4.13% | 7.25% | 2.96% | 4.05% | 3.26% |
HILYX Hartford International Value Fund | 5.21% | 5.80% | 0.00% | 2.67% | 2.84% | 3.22% | 2.08% | 3.05% | 8.24% | 6.97% | 5.23% | 3.55% |
Frequently Asked Questions
With a correlation of 0.94, HILYX 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.
HILYX has higher volatility (3.99%) compared to GTMIX (3.61%). In terms of maximum drawdown, HILYX dropped -48.29% vs GTMIX's -58.31%.
GTMIX currently has the higher Sharpe Ratio (2.94 vs 2.19), 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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