HMDYX vs. BARIX
HMDYX (The Hartford MidCap Fund) and BARIX (Baron Asset Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 10 years, HMDYX returned 8.20%/yr vs 10.59%/yr for BARIX. Their correlation of 0.89 means they have usually moved in the same direction. HMDYX charges 0.79%/yr vs 1.03%/yr for BARIX.
Performance
HMDYX vs. BARIX - Performance Comparison
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Returns By Period
In the year-to-date period, HMDYX achieves a 2.83% return, which is significantly higher than BARIX's -2.34% return. Over the past 10 years, HMDYX has underperformed BARIX with an annualized return of 8.20%, while BARIX has yielded a comparatively higher 10.59% annualized return.
HMDYX
- 1D
- 2.90%
- 1M
- -5.22%
- 6M
- 2.03%
- YTD
- 2.83%
- 1Y
- -0.27%
- 3Y*
- 3.38%
- 5Y*
- -0.84%
- 10Y*
- 8.20%
- ALL TIME*
- 10.88%
BARIX
- 1D
- -0.90%
- 1M
- -10.37%
- 6M
- 1.40%
- YTD
- -2.34%
- 1Y
- 3.31%
- 3Y*
- 6.93%
- 5Y*
- 0.65%
- 10Y*
- 10.59%
- ALL TIME*
- 12.42%
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 |
HMDYX vs. BARIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMDYX The Hartford MidCap Fund | 2.83% | -0.48% | 6.17% | 14.70% | -24.01% | 9.89% | 25.10% | 38.80% | -7.56% | 24.41% |
BARIX Baron Asset Fund Institutional Class | -2.34% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
Correlation
The correlation between HMDYX and BARIX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.89 |
Over the past year, the correlation between HMDYX and BARIX has dropped to 0.63 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
HMDYX vs. BARIX — Risk / Return Rank
HMDYX
BARIX
HMDYX vs. BARIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford MidCap Fund (HMDYX) and Baron Asset Fund Institutional Class (BARIX). 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.
| HMDYX | BARIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.02 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.02 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.51 | 0.06 | -0.57 |
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Drawdowns
HMDYX vs. BARIX - Drawdown Comparison
The maximum HMDYX drawdown since its inception was -50.76%, which is greater than BARIX's maximum drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for HMDYX and BARIX.
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Drawdown Indicators
| HMDYX | BARIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.76% | -37.44% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.91% | -16.73% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -26.77% | -17.78% | -8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.92% | -37.44% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -37.98% | -37.44% | -0.54% |
Current DrawdownCurrent decline from peak | -8.22% | -15.52% | +7.30% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -6.76% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 6.20% | -0.56% |
Volatility
HMDYX vs. BARIX - Volatility Comparison
The Hartford MidCap Fund (HMDYX) has a higher volatility of 6.45% compared to Baron Asset Fund Institutional Class (BARIX) at 6.09%. This indicates that HMDYX's price experiences larger fluctuations and is considered to be riskier than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMDYX | BARIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.09% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.79% | 17.00% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 20.92% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 20.62% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 20.28% | +1.35% |
HMDYX vs. BARIX - Expense Ratio Comparison
HMDYX has a 0.79% expense ratio, which is lower than BARIX's 1.03% expense ratio.
Dividends
HMDYX vs. BARIX - Dividend Comparison
HMDYX's dividend yield for the trailing twelve months is around 18.07%, more than BARIX's 10.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 10.84% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
HMDYX The Hartford MidCap Fund | 18.07% | 18.58% | 4.80% | 1.73% | 7.40% | 10.29% | 9.17% | 8.60% | 11.42% | 3.95% | 2.61% | 7.05% |
Frequently Asked Questions
HMDYX and BARIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMDYX has higher volatility (6.45%) compared to BARIX (6.09%). In terms of maximum drawdown, HMDYX dropped -50.76% vs BARIX's -37.44%.
BARIX currently has the higher Sharpe Ratio (0.02 vs -0.14), 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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