HQIFX vs. TMMAX
HQIFX (Hartford Equity Income Fund Class F) and TMMAX (SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund) are both mutual funds - HQIFX is a Dividend fund actively managed by Hartford, while TMMAX is a Low Volatility fund managed by BlackRock. Over the past 5 years, HQIFX returned 9.79%/yr vs 9.78%/yr for TMMAX. Their correlation of 0.87 means they have usually moved in the same direction. HQIFX charges 0.64%/yr vs 1.00%/yr for TMMAX.
Performance
HQIFX vs. TMMAX - Performance Comparison
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Returns By Period
In the year-to-date period, HQIFX achieves a 10.47% return, which is significantly higher than TMMAX's 8.33% return.
HQIFX
- 1D
- 0.46%
- 1M
- 1.71%
- 6M
- 6.78%
- YTD
- 10.47%
- 1Y
- 20.43%
- 3Y*
- 12.01%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 11.34%
TMMAX
- 1D
- -1.22%
- 1M
- 2.01%
- 6M
- 5.67%
- YTD
- 8.33%
- 1Y
- 13.78%
- 3Y*
- 13.06%
- 5Y*
- 9.78%
- 10Y*
- 9.93%
- ALL TIME*
- 9.46%
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 |
HQIFX vs. TMMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HQIFX Hartford Equity Income Fund Class F | 10.47% | 14.73% | 9.32% | 7.39% | -0.21% | 25.65% | 4.68% | 35.35% | -7.83% | 12.85% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 8.33% | 11.03% | 17.07% | 7.32% | -3.11% | 24.10% | 1.32% | 24.00% | -2.84% | 9.37% |
Correlation
The correlation between HQIFX and TMMAX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2017 | 0.87 |
The correlation between HQIFX and TMMAX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
HQIFX vs. TMMAX — Risk / Return Rank
HQIFX
TMMAX
HQIFX vs. TMMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Income Fund Class F (HQIFX) and SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX). 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.
| HQIFX | TMMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.22 | +0.15 |
| Martin ratioReturn relative to average drawdown | 8.59 | 7.56 | +1.03 |
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Drawdowns
HQIFX vs. TMMAX - Drawdown Comparison
The maximum HQIFX drawdown since its inception was -34.99%, smaller than the maximum TMMAX drawdown of -41.50%. Use the drawdown chart below to compare losses from any high point for HQIFX and TMMAX.
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Drawdown Indicators
| HQIFX | TMMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.99% | -41.50% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -5.78% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -23.00% | +9.97% |
Max Drawdown (5Y)Largest decline over 5 years | -13.93% | -23.00% | +9.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.41% | — |
Current DrawdownCurrent decline from peak | -0.45% | -3.38% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -5.57% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.69% | +0.43% |
Volatility
HQIFX vs. TMMAX - Volatility Comparison
The current volatility for Hartford Equity Income Fund Class F (HQIFX) is 3.21%, while SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund (TMMAX) has a volatility of 3.98%. This indicates that HQIFX experiences smaller price fluctuations and is considered to be less risky than TMMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HQIFX | TMMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.98% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 7.18% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 8.95% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.59% | 19.13% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 17.83% | -1.30% |
HQIFX vs. TMMAX - Expense Ratio Comparison
HQIFX has a 0.64% expense ratio, which is lower than TMMAX's 1.00% expense ratio.
Dividends
HQIFX vs. TMMAX - Dividend Comparison
HQIFX's dividend yield for the trailing twelve months is around 11.75%, less than TMMAX's 23.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQIFX Hartford Equity Income Fund Class F | 11.75% | 13.04% | 10.07% | 7.97% | 13.25% | 9.19% | 3.01% | 15.01% | 11.12% | 7.12% | 0.00% | 0.00% |
TMMAX SEI Institutional Managed Trust Tax-Managed Managed Volatility Fund | 23.27% | 25.19% | 23.39% | 15.23% | 6.54% | 4.73% | 2.15% | 3.67% | 4.91% | 4.10% | 4.17% | 5.57% |
Frequently Asked Questions
HQIFX and TMMAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMMAX has higher volatility (3.98%) compared to HQIFX (3.21%). In terms of maximum drawdown, HQIFX dropped -34.99% vs TMMAX's -41.50%.
HQIFX currently has the higher Sharpe Ratio (1.74 vs 1.44), 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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