HILYX vs. IEFA

Last updated Jun 3, 2026

HILYX (Hartford International Value Fund) and IEFA (iShares Core MSCI EAFE ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, HILYX returned 11.17%/yr vs 9.31%/yr for IEFA. Their correlation of 0.92 suggests significant overlap in exposure. HILYX charges 0.91%/yr vs 0.07%/yr for IEFA.

Performance

HILYX vs. IEFA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford International Value Fund (HILYX) and iShares Core MSCI EAFE ETF (IEFA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HILYX achieves a 11.44% return, which is significantly higher than IEFA's 9.71% return. Over the past 10 years, HILYX has outperformed IEFA with an annualized return of 11.17%, while IEFA has yielded a comparatively lower 9.31% annualized return.

HILYX

• 1D: -0.18%
• 1M: 2.63%
• YTD: 11.44%
• 6M: 14.60%
• 1Y: 30.43%
• 3Y*: 21.37%
• 5Y*: 12.91%
• 10Y*: 11.17%

IEFA

• 1D: 0.53%
• 1M: 2.89%
• YTD: 9.71%
• 6M: 12.86%
• 1Y: 21.97%
• 3Y*: 17.03%
• 5Y*: 8.44%
• 10Y*: 9.31%

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

HILYX vs. IEFA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HILYX Hartford International Value Fund	11.44%	44.76%	0.28%	19.84%	-2.28%	18.79%	-5.94%	18.28%	-17.74%	24.91%
IEFA iShares Core MSCI EAFE ETF	9.71%	32.08%	3.26%	17.95%	-15.24%	11.63%	8.18%	22.64%	-14.14%	26.57%

Correlation

The correlation between HILYX and IEFA 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	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012	0.92

The correlation between HILYX and IEFA has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

HILYX vs. IEFA — Risk / Return Rank

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

HILYX

HILYX Risk / Return Rank: 58
HILYX Sharpe Ratio Rank: 62
HILYX Sortino Ratio Rank: 58
HILYX Omega Ratio Rank: 59
HILYX Calmar Ratio Rank: 54
HILYX Martin Ratio Rank: 54

IEFA

IEFA Risk / Return Rank: 42
IEFA Sharpe Ratio Rank: 41
IEFA Sortino Ratio Rank: 42
IEFA Omega Ratio Rank: 41
IEFA Calmar Ratio Rank: 41
IEFA Martin Ratio Rank: 47

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.

HILYX vs. IEFA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford International Value Fund (HILYX) and iShares Core MSCI EAFE ETF (IEFA). 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.

	HILYX	IEFA	Difference
Sharpe ratio Return per unit of total volatility	2.32	1.48	+0.85
Sortino ratio Return per unit of downside risk	3.21	2.13	+1.07
Omega ratio Gain probability vs. loss probability	1.43	1.27	+0.16
Calmar ratio Return relative to maximum drawdown	2.83	2.03	+0.80
Martin ratio Return relative to average drawdown	11.06	7.77	+3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HILYX vs. IEFA - Sharpe Ratio Comparison

The current HILYX Sharpe Ratio is 2.32, which is higher than the IEFA Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of HILYX and IEFA, 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

	HILYX	IEFA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	1.48	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.51	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.54	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.51	+0.10

Drawdowns

HILYX vs. IEFA - Drawdown Comparison

The maximum HILYX drawdown since its inception was -48.29%, which is greater than IEFA's maximum drawdown of -34.78%. Use the drawdown chart below to compare losses from any high point for HILYX and IEFA.

Drawdown Indicators

	HILYX	IEFA	Difference
Max Drawdown Largest peak-to-trough decline	-48.29%	-34.78%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-11.50%	+0.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.04%	-13.76%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.58%	-30.41%	+4.83%
Max Drawdown (10Y) Largest decline over 10 years	-48.29%	-34.78%	-13.51%
Current Drawdown Current decline from peak	-0.79%	-0.42%	-0.37%
Average Drawdown Average peak-to-trough decline	-8.17%	-6.69%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	3.01%	-0.11%

Volatility

HILYX vs. IEFA - Volatility Comparison

The current volatility for Hartford International Value Fund (HILYX) is 3.71%, while iShares Core MSCI EAFE ETF (IEFA) has a volatility of 5.00%. This indicates that HILYX experiences smaller price fluctuations and is considered to be less risky than IEFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HILYX	IEFA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	5.00%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	12.41%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	13.81%	14.97%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	16.50%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	17.30%	-0.23%

HILYX vs. IEFA - Expense Ratio Comparison

HILYX has a 0.91% expense ratio, which is higher than IEFA's 0.07% expense ratio.

Dividends

HILYX vs. IEFA - Dividend Comparison

HILYX's dividend yield for the trailing twelve months is around 5.20%, more than IEFA's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HILYX Hartford International Value Fund	5.20%	5.80%	0.00%	2.67%	2.84%	3.22%	2.08%	3.05%	8.24%	6.97%	5.23%	3.55%
IEFA iShares Core MSCI EAFE ETF	3.24%	3.55%	3.47%	3.20%	2.70%	3.32%	1.90%	3.18%	3.46%	2.57%	2.96%	2.63%

Frequently Asked Questions

Can I hold both HILYX and IEFA in my portfolio?

With a correlation of 0.92, HILYX and IEFA 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, HILYX or IEFA?

IEFA has higher volatility (5.00%) compared to HILYX (3.71%). In terms of maximum drawdown, HILYX dropped -48.29% vs IEFA's -34.78%.

Which has better risk-adjusted returns?

HILYX currently has the higher Sharpe Ratio (2.32 vs 1.48), 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.