HILYX vs. HMJIX
HILYX (Hartford International Value Fund) and HMJIX (Hartford Municipal Short Duration Fund) are both mutual funds - HILYX is a Foreign Large Cap Equities fund managed by Hartford, while HMJIX is a Municipal Bonds fund managed by Hartford. Over the past 10 years, HILYX returned 11.62%/yr vs 1.57%/yr for HMJIX. Their 0.03 correlation means their historical movements had little consistent relationship. HILYX charges 0.91%/yr vs 0.46%/yr for HMJIX.
Performance
HILYX vs. HMJIX - Performance Comparison
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Returns By Period
In the year-to-date period, HILYX achieves a 17.04% return, which is significantly higher than HMJIX's 0.32% return. Over the past 10 years, HILYX has outperformed HMJIX with an annualized return of 11.62%, while HMJIX has yielded a comparatively lower 1.57% annualized return.
HILYX
- 1D
- -0.99%
- 1M
- 4.95%
- 6M
- 9.79%
- YTD
- 17.04%
- 1Y
- 33.47%
- 3Y*
- 20.79%
- 5Y*
- 15.20%
- 10Y*
- 11.62%
- ALL TIME*
- 10.70%
HMJIX
- 1D
- 0.00%
- 1M
- -0.38%
- 6M
- -0.37%
- YTD
- 0.32%
- 1Y
- 1.68%
- 3Y*
- 2.83%
- 5Y*
- 1.09%
- 10Y*
- 1.57%
- ALL TIME*
- 1.64%
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 |
HILYX vs. HMJIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HILYX Hartford International Value Fund | 17.04% | 44.76% | 0.28% | 19.84% | -2.28% | 18.79% | -5.94% | 18.28% | -17.74% | 24.91% |
HMJIX Hartford Municipal Short Duration Fund | 0.32% | 3.69% | 2.33% | 3.56% | -3.75% | 0.71% | 2.72% | 4.16% | 1.62% | 2.56% |
Correlation
The correlation between HILYX and HMJIX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.03 |
Over the past year, HILYX and HMJIX have become more correlated (0.31) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
HILYX vs. HMJIX — Risk / Return Rank
HILYX
HMJIX
HILYX vs. HMJIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford International Value Fund (HILYX) and Hartford Municipal Short Duration Fund (HMJIX). 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 | HMJIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 1.36 | +1.60 |
| Martin ratioReturn relative to average drawdown | 11.48 | 3.41 | +8.07 |
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Drawdowns
HILYX vs. HMJIX - Drawdown Comparison
The maximum HILYX drawdown since its inception was -48.29%, which is greater than HMJIX's maximum drawdown of -7.02%. Use the drawdown chart below to compare losses from any high point for HILYX and HMJIX.
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Drawdown Indicators
| HILYX | HMJIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.29% | -7.02% | -41.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -1.39% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -1.71% | -12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.58% | -6.17% | -19.41% |
Max Drawdown (10Y)Largest decline over 10 years | -48.29% | -7.02% | -41.27% |
Current DrawdownCurrent decline from peak | -0.99% | -1.01% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -1.01% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 0.55% | +2.37% |
Volatility
HILYX vs. HMJIX - Volatility Comparison
Hartford International Value Fund (HILYX) has a higher volatility of 4.14% compared to Hartford Municipal Short Duration Fund (HMJIX) at 0.31%. This indicates that HILYX's price experiences larger fluctuations and is considered to be riskier than HMJIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HILYX | HMJIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 0.31% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 0.98% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 1.17% | +12.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 1.54% | +13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 1.80% | +14.98% |
HILYX vs. HMJIX - Expense Ratio Comparison
HILYX has a 0.91% expense ratio, which is higher than HMJIX's 0.46% expense ratio.
Dividends
HILYX vs. HMJIX - Dividend Comparison
HILYX's dividend yield for the trailing twelve months is around 4.95%, more than HMJIX's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HILYX Hartford International Value Fund | 4.95% | 5.80% | 0.00% | 2.67% | 2.84% | 3.22% | 2.08% | 3.05% | 8.24% | 6.97% | 5.23% | 3.55% |
HMJIX Hartford Municipal Short Duration Fund | 2.29% | 2.01% | 1.89% | 1.83% | 1.44% | 1.21% | 1.78% | 2.28% | 1.90% | 1.63% | 1.27% | 0.00% |
Frequently Asked Questions
HILYX and HMJIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HILYX has higher volatility (4.14%) compared to HMJIX (0.31%). In terms of maximum drawdown, HILYX dropped -48.29% vs HMJIX's -7.02%.
HILYX currently has the higher Sharpe Ratio (2.39 vs 1.61), 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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