HQIYX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about The Hartford Equity Income Fund (HQIYX) and S&P 500 Index (^GSPC).

HQIYX is managed by Hartford. It was launched on Aug 28, 2003.

Performance

HQIYX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford Equity Income Fund (HQIYX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

HQIYX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HQIYX The Hartford Equity Income Fund	0.83%	15.24%	10.03%	7.33%	-0.30%	25.50%	4.63%	35.06%	-7.81%	17.93%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, HQIYX achieves a 0.83% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, HQIYX has underperformed ^GSPC with an annualized return of 11.44%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

HQIYX

• 1D: 1.47%
• 1M: -5.15%
• YTD: 0.83%
• 6M: 4.04%
• 1Y: 11.89%
• 3Y*: 11.72%
• 5Y*: 9.37%
• 10Y*: 11.44%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

HQIYX vs. ^GSPC — Risk / Return Rank

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

HQIYX

HQIYX Risk / Return Rank: 38
HQIYX Sharpe Ratio Rank: 33
HQIYX Sortino Ratio Rank: 33
HQIYX Omega Ratio Rank: 32
HQIYX Calmar Ratio Rank: 42
HQIYX Martin Ratio Rank: 48

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

HQIYX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford Equity Income Fund (HQIYX) and S&P 500 Index (^GSPC). 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.

	HQIYX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.92	-0.11
Sortino ratio Return per unit of downside risk	1.21	1.41	-0.20
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.19	1.41	-0.22
Martin ratio Return relative to average drawdown	5.16	6.61	-1.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HQIYX vs. ^GSPC - Sharpe Ratio Comparison

The current HQIYX Sharpe Ratio is 0.81, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of HQIYX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HQIYX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.92	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.61	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.68	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.46	+0.12

Correlation

The correlation between HQIYX and ^GSPC is 0.90, 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.

Drawdowns

HQIYX vs. ^GSPC - Drawdown Comparison

The maximum HQIYX drawdown since its inception was -50.48%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HQIYX and ^GSPC.

Drawdown Indicators

	HQIYX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-50.48%	-56.78%	+6.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.49%	-12.14%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-13.94%	-25.43%	+11.49%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-33.92%	-1.07%
Current Drawdown Current decline from peak	-5.54%	-5.78%	+0.24%
Average Drawdown Average peak-to-trough decline	-5.32%	-10.75%	+5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.60%	-0.17%

Volatility

HQIYX vs. ^GSPC - Volatility Comparison

The current volatility for The Hartford Equity Income Fund (HQIYX) is 3.65%, while S&P 500 Index (^GSPC) has a volatility of 5.37%. This indicates that HQIYX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HQIYX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	5.37%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	9.55%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	18.33%	-3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.59%	16.90%	-3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	18.05%	-1.83%