HRAAX vs. BLNDX

Last updated Jun 26, 2026

HRAAX (Hartford Growth Allocation Fund) and BLNDX (Standpoint Multi-Asset Fund Institutional) are both Diversified Portfolio funds. Over the past 5 years, HRAAX returned 7.89%/yr vs 8.17%/yr for BLNDX. A 0.67 correlation means they provide meaningful diversification when combined. HRAAX charges 0.53%/yr vs 1.27%/yr for BLNDX.

Performance

HRAAX vs. BLNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Growth Allocation Fund (HRAAX) and Standpoint Multi-Asset Fund Institutional (BLNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HRAAX achieves a 7.69% return, which is significantly lower than BLNDX's 10.34% return.

HRAAX

• 1D: 0.12%
• 1M: -0.89%
• YTD: 7.69%
• 6M: 6.91%
• 1Y: 18.93%
• 3Y*: 16.69%
• 5Y*: 7.89%
• 10Y*: 10.13%

BLNDX

• 1D: -0.61%
• 1M: -5.28%
• YTD: 10.34%
• 6M: 9.16%
• 1Y: 26.96%
• 3Y*: 9.87%
• 5Y*: 8.17%
• 10Y*: —

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

HRAAX vs. BLNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HRAAX Hartford Growth Allocation Fund	7.69%	17.15%	17.00%	14.99%	-16.26%	13.52%	13.08%	0.23%
BLNDX Standpoint Multi-Asset Fund Institutional	10.34%	4.12%	13.11%	5.79%	3.71%	20.16%	16.30%	0.00%

Correlation

The correlation between HRAAX and BLNDX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 31, 2019	0.67

The correlation between HRAAX and BLNDX has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

HRAAX vs. BLNDX — Risk / Return Rank

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

HRAAX

HRAAX Risk / Return Rank: 53
HRAAX Sharpe Ratio Rank: 50
HRAAX Sortino Ratio Rank: 49
HRAAX Omega Ratio Rank: 50
HRAAX Calmar Ratio Rank: 52
HRAAX Martin Ratio Rank: 64

BLNDX

BLNDX Risk / Return Rank: 78
BLNDX Sharpe Ratio Rank: 75
BLNDX Sortino Ratio Rank: 67
BLNDX Omega Ratio Rank: 66
BLNDX Calmar Ratio Rank: 89
BLNDX Martin Ratio Rank: 91

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.

HRAAX vs. BLNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Growth Allocation Fund (HRAAX) and Standpoint Multi-Asset Fund Institutional (BLNDX). 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.

	HRAAX	BLNDX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.14	-0.42
Sortino ratio: Return per unit of downside risk	2.40	2.82	-0.42
Omega ratio: Gain probability vs. loss probability	1.32	1.37	-0.05
Calmar ratio: Return relative to maximum drawdown	2.37	3.98	-1.61
Martin ratio: Return relative to average drawdown	10.41	15.73	-5.32

HRAAX vs. BLNDX - Sharpe Ratio Comparison

The current HRAAX Sharpe Ratio is 1.71, which is comparable to the BLNDX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of HRAAX and BLNDX, 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

HRAAX vs. BLNDX - Drawdown Comparison

The maximum HRAAX drawdown since its inception was -48.94%, which is greater than BLNDX's maximum drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for HRAAX and BLNDX.

Drawdown Indicators

	HRAAX	BLNDX	Difference
Max Drawdown Largest peak-to-trough decline	-48.94%	-17.69%	-31.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-6.90%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-17.69%	+3.62%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-17.69%	-5.95%
Max Drawdown (10Y) Largest decline over 10 years	-30.42%	—	—
Current Drawdown Current decline from peak	-1.94%	-6.90%	+4.96%
Average Drawdown Average peak-to-trough decline	-6.61%	-3.20%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.74%	+0.05%

Volatility

HRAAX vs. BLNDX - Volatility Comparison

Hartford Growth Allocation Fund (HRAAX) has a higher volatility of 4.42% compared to Standpoint Multi-Asset Fund Institutional (BLNDX) at 3.87%. This indicates that HRAAX's price experiences larger fluctuations and is considered to be riskier than BLNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRAAX	BLNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	3.87%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	10.04%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	10.96%	12.87%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	11.73%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.81%	11.78%	+2.03%

HRAAX vs. BLNDX - Expense Ratio Comparison

HRAAX has a 0.53% expense ratio, which is lower than BLNDX's 1.27% expense ratio.

Dividends

HRAAX vs. BLNDX - Dividend Comparison

HRAAX's dividend yield for the trailing twelve months is around 10.04%, more than BLNDX's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLNDX Standpoint Multi-Asset Fund Institutional	0.67%	0.73%	5.74%	3.71%	2.67%	6.11%	1.21%	0.00%	0.00%	0.00%	0.00%	0.00%
HRAAX Hartford Growth Allocation Fund	10.04%	10.81%	4.68%	1.56%	6.56%	7.71%	4.06%	4.36%	3.88%	2.37%	0.43%	7.14%

Frequently Asked Questions

Can I hold both HRAAX and BLNDX in my portfolio?

HRAAX and BLNDX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HRAAX or BLNDX?

HRAAX has higher volatility (4.42%) compared to BLNDX (3.87%). In terms of maximum drawdown, HRAAX dropped -48.94% vs BLNDX's -17.69%.

Which has better risk-adjusted returns?

BLNDX currently has the higher Sharpe Ratio (2.14 vs 1.71), 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.