HQIIX vs. AMECX

Last updated Jun 23, 2026

HQIIX (Hartford Equity Income Fund Class I) and AMECX (American Funds The Income Fund of America Class A) are both mutual funds - HQIIX is a Dividend fund actively managed by Hartford Funds, while AMECX is a Diversified Portfolio fund actively managed by American Funds. Both are actively managed. Over the past 10 years, HQIIX returned 11.69%/yr vs 8.39%/yr for AMECX. Their correlation of 0.94 suggests significant overlap in exposure. HQIIX charges 0.76%/yr vs 0.56%/yr for AMECX.

Performance

HQIIX vs. AMECX - Performance Comparison

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

Returns By Period

In the year-to-date period, HQIIX achieves a 6.39% return, which is significantly higher than AMECX's 5.48% return. Over the past 10 years, HQIIX has outperformed AMECX with an annualized return of 11.69%, while AMECX has yielded a comparatively lower 8.39% annualized return.

HQIIX

• 1D: -0.05%
• 1M: -0.33%
• YTD: 6.39%
• 6M: 5.99%
• 1Y: 17.04%
• 3Y*: 12.52%
• 5Y*: 10.00%
• 10Y*: 11.69%

AMECX

• 1D: -0.40%
• 1M: -1.02%
• YTD: 5.48%
• 6M: 5.52%
• 1Y: 14.19%
• 3Y*: 12.78%
• 5Y*: 8.08%
• 10Y*: 8.39%

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

HQIIX vs. AMECX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HQIIX Hartford Equity Income Fund Class I	6.39%	15.20%	10.08%	7.28%	-0.31%	25.54%	4.59%	35.14%	-7.86%	17.81%
AMECX American Funds The Income Fund of America Class A	5.48%	17.77%	10.84%	6.79%	-6.40%	17.37%	4.49%	18.50%	-5.27%	12.58%

Correlation

The correlation between HQIIX and AMECX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 31, 2006	0.94

The correlation between HQIIX and AMECX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

HQIIX vs. AMECX — Risk / Return Rank

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

HQIIX

HQIIX Risk / Return Rank: 40
HQIIX Sharpe Ratio Rank: 38
HQIIX Sortino Ratio Rank: 39
HQIIX Omega Ratio Rank: 35
HQIIX Calmar Ratio Rank: 44
HQIIX Martin Ratio Rank: 42

AMECX

AMECX Risk / Return Rank: 46
AMECX Sharpe Ratio Rank: 51
AMECX Sortino Ratio Rank: 49
AMECX Omega Ratio Rank: 47
AMECX Calmar Ratio Rank: 41
AMECX Martin Ratio Rank: 43

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.

HQIIX vs. AMECX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Income Fund Class I (HQIIX) and American Funds The Income Fund of America Class A (AMECX). 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.

	HQIIX	AMECX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.93	-0.27
Sortino ratio: Return per unit of downside risk	2.41	2.73	-0.31
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	2.41	2.33	+0.08
Martin ratio: Return relative to average drawdown	8.47	8.61	-0.14

HQIIX vs. AMECX - Sharpe Ratio Comparison

The current HQIIX Sharpe Ratio is 1.66, which is comparable to the AMECX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of HQIIX and AMECX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HQIIX vs. AMECX - Drawdown Comparison

The maximum HQIIX drawdown since its inception was -50.60%, which is greater than AMECX's maximum drawdown of -41.92%. Use the drawdown chart below to compare losses from any high point for HQIIX and AMECX.

Drawdown Indicators

	HQIIX	AMECX	Difference
Max Drawdown Largest peak-to-trough decline	-50.60%	-41.92%	-8.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-6.13%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-11.84%	-8.58%	-3.26%
Max Drawdown (5Y) Largest decline over 5 years	-13.98%	-15.78%	+1.80%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-26.13%	-8.86%
Current Drawdown Current decline from peak	-1.54%	-2.02%	+0.48%
Average Drawdown Average peak-to-trough decline	-5.87%	-4.45%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.66%	+0.36%

Volatility

HQIIX vs. AMECX - Volatility Comparison

Hartford Equity Income Fund Class I (HQIIX) has a higher volatility of 3.07% compared to American Funds The Income Fund of America Class A (AMECX) at 2.30%. This indicates that HQIIX's price experiences larger fluctuations and is considered to be riskier than AMECX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQIIX	AMECX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.30%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	5.82%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	7.41%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.58%	9.47%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	10.69%	+5.53%

HQIIX vs. AMECX - Expense Ratio Comparison

HQIIX has a 0.76% expense ratio, which is higher than AMECX's 0.56% expense ratio.

Dividends

HQIIX vs. AMECX - Dividend Comparison

HQIIX's dividend yield for the trailing twelve months is around 12.77%, more than AMECX's 9.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMECX American Funds The Income Fund of America Class A	9.55%	9.94%	6.38%	2.93%	6.98%	6.67%	2.80%	5.01%	7.48%	4.26%	3.09%	5.09%
HQIIX Hartford Equity Income Fund Class I	12.77%	13.51%	10.71%	7.87%	13.14%	9.10%	2.94%	14.91%	11.01%	7.01%	5.26%	10.65%

Frequently Asked Questions

Can I hold both HQIIX and AMECX in my portfolio?

HQIIX and AMECX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HQIIX or AMECX?

HQIIX has higher volatility (3.07%) compared to AMECX (2.30%). In terms of maximum drawdown, HQIIX dropped -50.60% vs AMECX's -41.92%.

Which has better risk-adjusted returns?

AMECX currently has the higher Sharpe Ratio (1.93 vs 1.66), 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.