HQIFX vs. ACIIX

Last updated Jun 4, 2026

HQIFX (Hartford Equity Income Fund Class F) and ACIIX (American Century Equity Income Fund Class I) are both Large Cap Value Equities funds. Over the past 5 years, HQIFX returned 8.83%/yr vs 7.10%/yr for ACIIX. Their correlation of 0.94 suggests significant overlap in exposure. HQIFX charges 0.64%/yr vs 0.72%/yr for ACIIX.

Performance

HQIFX vs. ACIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Equity Income Fund Class F (HQIFX) and American Century Equity Income Fund Class I (ACIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HQIFX having a 6.01% return and ACIIX slightly higher at 6.29%.

HQIFX

• 1D: 0.33%
• 1M: 1.78%
• YTD: 6.01%
• 6M: 6.61%
• 1Y: 17.28%
• 3Y*: 13.00%
• 5Y*: 8.83%
• 10Y*: —

ACIIX

• 1D: 0.56%
• 1M: 0.11%
• YTD: 6.29%
• 6M: 6.70%
• 1Y: 15.45%
• 3Y*: 10.83%
• 5Y*: 7.10%
• 10Y*: 8.88%

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

HQIFX vs. ACIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HQIFX Hartford Equity Income Fund Class F	6.01%	14.73%	9.32%	7.39%	-0.21%	25.65%	4.68%	35.35%	-7.83%	12.85%
ACIIX American Century Equity Income Fund Class I	6.29%	12.05%	10.58%	4.25%	-2.96%	17.16%	1.19%	24.50%	-3.53%	9.11%

Correlation

The correlation between HQIFX and ACIIX 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	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 1, 2017	0.94

The correlation between HQIFX and ACIIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

HQIFX vs. ACIIX — Risk / Return Rank

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

HQIFX

HQIFX Risk / Return Rank: 37
HQIFX Sharpe Ratio Rank: 37
HQIFX Sortino Ratio Rank: 37
HQIFX Omega Ratio Rank: 34
HQIFX Calmar Ratio Rank: 38
HQIFX Martin Ratio Rank: 38

ACIIX

ACIIX Risk / Return Rank: 42
ACIIX Sharpe Ratio Rank: 42
ACIIX Sortino Ratio Rank: 46
ACIIX Omega Ratio Rank: 39
ACIIX Calmar Ratio Rank: 43
ACIIX Martin Ratio Rank: 37

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.

HQIFX vs. ACIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Income Fund Class F (HQIFX) and American Century Equity Income Fund Class I (ACIIX). 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.

	HQIFX	ACIIX	Difference
Sharpe ratio Return per unit of total volatility	1.75	1.90	-0.15
Sortino ratio Return per unit of downside risk	2.53	2.85	-0.32
Omega ratio Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio Return relative to maximum drawdown	2.33	2.50	-0.16
Martin ratio Return relative to average drawdown	8.33	8.21	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQIFX vs. ACIIX - Sharpe Ratio Comparison

The current HQIFX Sharpe Ratio is 1.75, which is comparable to the ACIIX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of HQIFX and ACIIX, 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

	HQIFX	ACIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.90	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.66	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.54	+0.13

Drawdowns

HQIFX vs. ACIIX - Drawdown Comparison

The maximum HQIFX drawdown since its inception was -34.99%, smaller than the maximum ACIIX drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for HQIFX and ACIIX.

Drawdown Indicators

	HQIFX	ACIIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.99%	-39.16%	+4.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-6.38%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-10.15%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-13.93%	-13.49%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.76%	—
Current Drawdown Current decline from peak	-0.70%	-2.46%	+1.76%
Average Drawdown Average peak-to-trough decline	-3.65%	-5.24%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.94%	+0.21%

Volatility

HQIFX vs. ACIIX - Volatility Comparison

Hartford Equity Income Fund Class F (HQIFX) has a higher volatility of 2.47% compared to American Century Equity Income Fund Class I (ACIIX) at 2.19%. This indicates that HQIFX's price experiences larger fluctuations and is considered to be riskier than ACIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQIFX	ACIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	2.19%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	6.11%	+1.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.22%	8.37%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.61%	10.76%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	13.38%	+3.24%

HQIFX vs. ACIIX - Expense Ratio Comparison

HQIFX has a 0.64% expense ratio, which is lower than ACIIX's 0.72% expense ratio.

Dividends

HQIFX vs. ACIIX - Dividend Comparison

HQIFX's dividend yield for the trailing twelve months is around 12.30%, more than ACIIX's 9.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACIIX American Century Equity Income Fund Class I	9.94%	10.55%	11.71%	8.21%	8.96%	7.02%	2.18%	7.57%	9.05%	12.14%	8.08%	10.72%
HQIFX Hartford Equity Income Fund Class F	12.30%	13.04%	10.07%	7.97%	13.25%	9.19%	3.01%	15.01%	11.12%	7.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HQIFX and ACIIX in my portfolio?

With a correlation of 0.92, HQIFX and ACIIX 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, HQIFX or ACIIX?

HQIFX has higher volatility (2.47%) compared to ACIIX (2.19%). In terms of maximum drawdown, HQIFX dropped -34.99% vs ACIIX's -39.16%.

Which has better risk-adjusted returns?

ACIIX currently has the higher Sharpe Ratio (1.90 vs 1.75), 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.