HQIYX vs. HBLYX
Compare and contrast key facts about The Hartford Equity Income Fund (HQIYX) and The Hartford Balanced Income Fund (HBLYX).
HQIYX is managed by Hartford. It was launched on Aug 28, 2003. HBLYX is managed by Hartford. It was launched on Jul 30, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HQIYX or HBLYX.
Key characteristics
| HQIYX | HBLYX | |
|---|---|---|
| YTD Return | 15.39% | 9.33% |
| 1Y Return | 20.46% | 19.33% |
| 3Y Return (Ann) | 0.27% | -0.07% |
| 5Y Return (Ann) | 4.53% | 3.71% |
| 10Y Return (Ann) | 3.92% | 4.04% |
| Sharpe Ratio | 1.74 | 2.91 |
| Sortino Ratio | 2.28 | 4.25 |
| Omega Ratio | 1.33 | 1.57 |
| Calmar Ratio | 1.20 | 1.13 |
| Martin Ratio | 9.44 | 17.16 |
| Ulcer Index | 2.07% | 1.08% |
| Daily Std Dev | 11.25% | 6.33% |
| Max Drawdown | -51.81% | -31.64% |
| Current Drawdown | 0.00% | -0.26% |
Correlation
The correlation between HQIYX and HBLYX 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.
Performance
HQIYX vs. HBLYX - Performance Comparison
In the year-to-date period, HQIYX achieves a 15.39% return, which is significantly higher than HBLYX's 9.33% return. Both investments have delivered pretty close results over the past 10 years, with HQIYX having a 3.92% annualized return and HBLYX not far ahead at 4.04%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HQIYX vs. HBLYX - Expense Ratio Comparison
HQIYX has a 0.74% expense ratio, which is higher than HBLYX's 0.64% expense ratio.
Risk-Adjusted Performance
HQIYX vs. HBLYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Equity Income Fund (HQIYX) and The Hartford Balanced Income Fund (HBLYX). 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.
Dividends
HQIYX vs. HBLYX - Dividend Comparison
HQIYX's dividend yield for the trailing twelve months is around 2.15%, less than HBLYX's 3.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HQIYX The Hartford Equity Income Fund | 2.15% | 2.37% | 2.30% | 1.75% | 1.92% | 1.99% | 2.47% | 1.92% | 2.10% | 2.42% | 2.14% | 2.03% |
HBLYX The Hartford Balanced Income Fund | 3.51% | 3.44% | 3.12% | 2.31% | 2.37% | 2.65% | 3.21% | 2.67% | 2.81% | 2.86% | 2.75% | 2.60% |
Drawdowns
HQIYX vs. HBLYX - Drawdown Comparison
The maximum HQIYX drawdown since its inception was -51.81%, which is greater than HBLYX's maximum drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for HQIYX and HBLYX. For additional features, visit the drawdowns tool.
Volatility
HQIYX vs. HBLYX - Volatility Comparison
The Hartford Equity Income Fund (HQIYX) has a higher volatility of 3.23% compared to The Hartford Balanced Income Fund (HBLYX) at 1.66%. This indicates that HQIYX's price experiences larger fluctuations and is considered to be riskier than HBLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.