HLDIX vs. HBLYX
HLDIX (Hartford Emerging Markets Local Debt Fund) and HBLYX (The Hartford Balanced Income Fund) are both mutual funds - HLDIX is a Emerging Markets Bonds fund managed by Hartford, while HBLYX is a Diversified Portfolio fund managed by Hartford. Over the past 10 years, HLDIX returned 2.67%/yr vs 6.59%/yr for HBLYX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. HLDIX charges 0.93%/yr vs 0.64%/yr for HBLYX.
Performance
HLDIX vs. HBLYX - Performance Comparison
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Returns By Period
In the year-to-date period, HLDIX achieves a 0.77% return, which is significantly lower than HBLYX's 3.90% return. Over the past 10 years, HLDIX has underperformed HBLYX with an annualized return of 2.67%, while HBLYX has yielded a comparatively higher 6.59% annualized return.
HLDIX
- 1D
- 0.64%
- 1M
- 0.02%
- 6M
- -1.40%
- YTD
- 0.77%
- 1Y
- 7.29%
- 3Y*
- 5.04%
- 5Y*
- 2.14%
- 10Y*
- 2.67%
- ALL TIME*
- 1.37%
HBLYX
- 1D
- 0.26%
- 1M
- 0.07%
- 6M
- 1.97%
- YTD
- 3.90%
- 1Y
- 9.29%
- 3Y*
- 8.77%
- 5Y*
- 4.77%
- 10Y*
- 6.59%
- ALL TIME*
- 7.00%
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 |
HLDIX vs. HBLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLDIX Hartford Emerging Markets Local Debt Fund | 0.77% | 17.02% | -3.14% | 12.88% | -10.85% | -6.83% | 3.12% | 14.37% | -8.21% | 16.95% |
HBLYX The Hartford Balanced Income Fund | 3.90% | 10.03% | 9.00% | 7.95% | -8.18% | 10.01% | 7.73% | 19.36% | -4.82% | 11.78% |
Correlation
The correlation between HLDIX and HBLYX is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011 | 0.52 |
The correlation between HLDIX and HBLYX has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
HLDIX vs. HBLYX — Risk / Return Rank
HLDIX
HBLYX
HLDIX vs. HBLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Emerging Markets Local Debt Fund (HLDIX) and The Hartford Balanced Income Fund (HBLYX). 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.
| HLDIX | HBLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.58 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.17 | 5.73 | -2.56 |
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Drawdowns
HLDIX vs. HBLYX - Drawdown Comparison
The maximum HLDIX drawdown since its inception was -30.40%, roughly equal to the maximum HBLYX drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for HLDIX and HBLYX.
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Drawdown Indicators
| HLDIX | HBLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.40% | -31.36% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -5.59% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -8.74% | -7.10% | -1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -24.29% | -15.92% | -8.37% |
Max Drawdown (10Y)Largest decline over 10 years | -26.18% | -23.19% | -2.99% |
Current DrawdownCurrent decline from peak | -3.22% | -0.39% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -3.08% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.54% | +0.90% |
Volatility
HLDIX vs. HBLYX - Volatility Comparison
Hartford Emerging Markets Local Debt Fund (HLDIX) and The Hartford Balanced Income Fund (HBLYX) have volatilities of 1.62% and 1.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLDIX | HBLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.69% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 4.63% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 5.96% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.48% | 7.98% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.32% | 8.38% | -0.06% |
HLDIX vs. HBLYX - Expense Ratio Comparison
HLDIX has a 0.93% expense ratio, which is higher than HBLYX's 0.64% expense ratio.
Dividends
HLDIX vs. HBLYX - Dividend Comparison
HLDIX's dividend yield for the trailing twelve months is around 4.39%, less than HBLYX's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBLYX The Hartford Balanced Income Fund | 6.73% | 6.97% | 9.70% | 3.44% | 6.90% | 7.00% | 2.83% | 3.49% | 7.25% | 5.58% | 3.89% | 4.54% |
HLDIX Hartford Emerging Markets Local Debt Fund | 4.39% | 3.87% | 5.32% | 4.85% | 4.27% | 4.67% | 4.06% | 5.01% | 7.88% | 27.01% | 5.01% | 5.91% |
Frequently Asked Questions
HLDIX and HBLYX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBLYX has higher volatility (1.69%) compared to HLDIX (1.62%). In terms of maximum drawdown, HLDIX dropped -30.40% vs HBLYX's -31.36%.
HBLYX currently has the higher Sharpe Ratio (1.48 vs 1.18), 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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