HIMCX vs. FMDGX

Last updated Jul 1, 2026

HIMCX (Hartford MidCap HLS Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, HIMCX returned 0.54%/yr vs 5.72%/yr for FMDGX. Their correlation of 0.92 suggests significant overlap in exposure. HIMCX charges 0.69%/yr vs 0.05%/yr for FMDGX.

Performance

HIMCX vs. FMDGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford MidCap HLS Fund (HIMCX) and Fidelity Mid Cap Growth Index Fund (FMDGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HIMCX achieves a 10.47% return, which is significantly higher than FMDGX's 5.96% return.

HIMCX

• 1D: 2.40%
• 1M: 2.07%
• YTD: 10.47%
• 6M: 9.20%
• 1Y: 6.69%
• 3Y*: 7.27%
• 5Y*: 0.54%
• 10Y*: 8.70%

FMDGX

• 1D: 2.17%
• 1M: 1.47%
• YTD: 5.96%
• 6M: 4.76%
• 1Y: 4.87%
• 3Y*: 15.07%
• 5Y*: 5.72%
• 10Y*: —

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

HIMCX vs. FMDGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HIMCX Hartford MidCap HLS Fund	10.47%	-0.53%	6.32%	14.94%	-24.81%	10.22%	25.14%	3.73%
FMDGX Fidelity Mid Cap Growth Index Fund	5.96%	8.60%	22.03%	25.79%	-26.67%	12.67%	34.84%	4.63%

Correlation

The correlation between HIMCX and FMDGX is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.92

The correlation between HIMCX and FMDGX has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

HIMCX vs. FMDGX — Risk / Return Rank

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

HIMCX

HIMCX Risk / Return Rank: 7
HIMCX Sharpe Ratio Rank: 7
HIMCX Sortino Ratio Rank: 7
HIMCX Omega Ratio Rank: 7
HIMCX Calmar Ratio Rank: 7
HIMCX Martin Ratio Rank: 7

FMDGX

FMDGX Risk / Return Rank: 6
FMDGX Sharpe Ratio Rank: 6
FMDGX Sortino Ratio Rank: 6
FMDGX Omega Ratio Rank: 6
FMDGX Calmar Ratio Rank: 6
FMDGX Martin Ratio Rank: 6

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.

HIMCX vs. FMDGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford MidCap HLS Fund (HIMCX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.

	HIMCX	FMDGX	Difference
Sharpe ratio: Return per unit of total volatility	0.37	0.33	+0.04
Sortino ratio: Return per unit of downside risk	0.66	0.58	+0.08
Omega ratio: Gain probability vs. loss probability	1.08	1.07	+0.01
Calmar ratio: Return relative to maximum drawdown	0.45	0.38	+0.07
Martin ratio: Return relative to average drawdown	1.33	1.09	+0.24

HIMCX vs. FMDGX - Sharpe Ratio Comparison

The current HIMCX Sharpe Ratio is 0.37, which is comparable to the FMDGX Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of HIMCX and FMDGX, 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

HIMCX vs. FMDGX - Drawdown Comparison

The maximum HIMCX drawdown since its inception was -50.83%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for HIMCX and FMDGX.

Drawdown Indicators

	HIMCX	FMDGX	Difference
Max Drawdown Largest peak-to-trough decline	-50.83%	-38.59%	-12.24%
Max Drawdown (1Y) Largest decline over 1 year	-15.89%	-14.75%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-26.70%	-25.30%	-1.40%
Max Drawdown (5Y) Largest decline over 5 years	-33.51%	-38.59%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	-38.03%	—	—
Current Drawdown Current decline from peak	-1.84%	-0.06%	-1.78%
Average Drawdown Average peak-to-trough decline	-9.95%	-11.11%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.33%	5.10%	+0.23%

Volatility

HIMCX vs. FMDGX - Volatility Comparison

Hartford MidCap HLS Fund (HIMCX) has a higher volatility of 7.18% compared to Fidelity Mid Cap Growth Index Fund (FMDGX) at 6.09%. This indicates that HIMCX's price experiences larger fluctuations and is considered to be riskier than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIMCX	FMDGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.18%	6.09%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	15.94%	13.53%	+2.41%
Volatility (1Y) Calculated over the trailing 1-year period	19.50%	17.13%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.83%	22.48%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	24.29%	-2.76%

HIMCX vs. FMDGX - Expense Ratio Comparison

HIMCX has a 0.69% expense ratio, which is higher than FMDGX's 0.05% expense ratio.

Dividends

HIMCX vs. FMDGX - Dividend Comparison

HIMCX's dividend yield for the trailing twelve months is around 20.67%, more than FMDGX's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMDGX Fidelity Mid Cap Growth Index Fund	1.75%	1.85%	0.47%	0.63%	0.81%	6.43%	0.36%	0.29%	0.00%	0.00%	0.00%	0.00%
HIMCX Hartford MidCap HLS Fund	20.67%	22.84%	2.39%	7.25%	19.76%	18.32%	8.42%	16.22%	11.78%	4.61%	10.87%	13.33%

Frequently Asked Questions

Can I hold both HIMCX and FMDGX in my portfolio?

With a correlation of 0.95, HIMCX and FMDGX 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, HIMCX or FMDGX?

HIMCX has higher volatility (7.18%) compared to FMDGX (6.09%). In terms of maximum drawdown, HIMCX dropped -50.83% vs FMDGX's -38.59%.

Which has better risk-adjusted returns?

HIMCX currently has the higher Sharpe Ratio (0.37 vs 0.33), 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.