HLMGX vs. FGIAX
Compare and contrast key facts about Harding Loevner Global Equity Portfolio (HLMGX) and Nuveen Global Infrastructure Fund Class A (FGIAX).
HLMGX is managed by Harding Loevner. It was launched on Nov 28, 1996. FGIAX is a passively managed fund by Nuveen that tracks the performance of the S&P Global Infrastructure Index NR. It was launched on Dec 17, 2007.
Performance
HLMGX vs. FGIAX - Performance Comparison
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HLMGX vs. FGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLMGX Harding Loevner Global Equity Portfolio | -4.92% | 11.95% | 13.50% | 21.84% | -30.20% | 14.38% | 29.68% | 28.77% | -10.61% | 31.94% |
FGIAX Nuveen Global Infrastructure Fund Class A | 10.36% | 17.73% | 10.70% | 8.51% | -6.23% | 14.51% | -2.76% | 29.32% | -7.91% | 19.40% |
Returns By Period
In the year-to-date period, HLMGX achieves a -4.92% return, which is significantly lower than FGIAX's 10.36% return. Over the past 10 years, HLMGX has outperformed FGIAX with an annualized return of 9.37%, while FGIAX has yielded a comparatively lower 8.78% annualized return.
HLMGX
- 1D
- 2.81%
- 1M
- -6.86%
- YTD
- -4.92%
- 6M
- -4.05%
- 1Y
- 8.18%
- 3Y*
- 11.53%
- 5Y*
- 2.71%
- 10Y*
- 9.37%
FGIAX
- 1D
- 0.76%
- 1M
- -2.77%
- YTD
- 10.36%
- 6M
- 10.94%
- 1Y
- 21.22%
- 3Y*
- 14.32%
- 5Y*
- 10.46%
- 10Y*
- 8.78%
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HLMGX vs. FGIAX - Expense Ratio Comparison
HLMGX has a 1.05% expense ratio, which is lower than FGIAX's 1.21% expense ratio.
Return for Risk
HLMGX vs. FGIAX — Risk / Return Rank
HLMGX
FGIAX
HLMGX vs. FGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harding Loevner Global Equity Portfolio (HLMGX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.
| HLMGX | FGIAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.79 | -1.26 |
Sortino ratioReturn per unit of downside risk | 0.87 | 2.30 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.73 | -2.01 |
Martin ratioReturn relative to average drawdown | 2.90 | 12.62 | -9.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLMGX | FGIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.79 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.80 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.58 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.42 | -0.08 |
Correlation
The correlation between HLMGX and FGIAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HLMGX vs. FGIAX - Dividend Comparison
HLMGX's dividend yield for the trailing twelve months is around 22.08%, more than FGIAX's 9.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLMGX Harding Loevner Global Equity Portfolio | 22.08% | 20.99% | 30.72% | 0.28% | 0.00% | 16.22% | 5.68% | 0.27% | 12.74% | 13.71% | 1.34% | 2.81% |
FGIAX Nuveen Global Infrastructure Fund Class A | 9.05% | 9.99% | 7.46% | 2.27% | 6.11% | 7.20% | 1.38% | 7.06% | 6.32% | 5.83% | 8.23% | 3.05% |
Drawdowns
HLMGX vs. FGIAX - Drawdown Comparison
The maximum HLMGX drawdown since its inception was -54.27%, which is greater than FGIAX's maximum drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for HLMGX and FGIAX.
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Drawdown Indicators
| HLMGX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -49.35% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.28% | -8.29% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -21.08% | -17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -38.48% | -38.02% | -0.46% |
Current DrawdownCurrent decline from peak | -8.79% | -3.06% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -13.04% | -7.22% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.79% | +1.03% |
Volatility
HLMGX vs. FGIAX - Volatility Comparison
Harding Loevner Global Equity Portfolio (HLMGX) has a higher volatility of 6.03% compared to Nuveen Global Infrastructure Fund Class A (FGIAX) at 4.15%. This indicates that HLMGX's price experiences larger fluctuations and is considered to be riskier than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLMGX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 4.15% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 7.07% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 12.28% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 13.08% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 15.17% | +2.92% |