PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HRAAX vs. FRGAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HRAAX vs. FRGAX

Last updated Jun 26, 2026

HRAAX (Hartford Growth Allocation Fund) and FRGAX (Fidelity 70% Allocation Fund) are both Diversified Portfolio funds. Over the past 3 years, HRAAX returned 16.69%/yr vs 15.32%/yr for FRGAX. With a 0.98 correlation, they move nearly in lockstep. HRAAX charges 0.53%/yr vs 0.02%/yr for FRGAX.

Performance

HRAAX vs. FRGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Growth Allocation Fund (HRAAX) and Fidelity 70% Allocation Fund (FRGAX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with HRAAX having a 7.69% return and FRGAX slightly lower at 7.37%.

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%

FRGAX

1D
0.07%
1M
-0.89%
YTD
7.37%
6M
6.61%
1Y
18.12%
3Y*
15.32%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HRAAX vs. FRGAX - Yearly Performance Comparison

2026 (YTD)2025202420232022
HRAAX
Hartford Growth Allocation Fund		7.69%17.15%17.00%14.99%-0.68%
FRGAX
Fidelity 70% Allocation Fund		7.37%17.10%12.91%17.57%-1.63%

Correlation

The correlation between HRAAX and FRGAX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Nov 22, 2022

0.98

The correlation between HRAAX and FRGAX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Hartford Growth Allocation Fund

Fidelity 70% Allocation Fund

Often compared with HRAAX:
HRAAX vs. SCHDHRAAX vs. VOOHRAAX vs. VTIHRAAX vs. SEMNXHRAAX vs. HGOIXHRAAX vs. ACVHRAAX vs. HDGYX
Often compared with FRGAX:
FRGAX vs. ACVFRGAX vs. CONWXFRGAX vs. VWELXFRGAX vs. NWQIXFRGAX vs. MAPOXFRGAX vs. QBDSXFRGAX vs. SICIX

Return for Risk

HRAAX vs. FRGAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HRAAX
HRAAX Risk / Return Rank: 5353
Overall Rank
HRAAX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
HRAAX Sortino Ratio Rank: 4949
Sortino Ratio Rank
HRAAX Omega Ratio Rank: 5050
Omega Ratio Rank
HRAAX Calmar Ratio Rank: 5252
Calmar Ratio Rank
HRAAX Martin Ratio Rank: 6464
Martin Ratio Rank
FRGAX
FRGAX Risk / Return Rank: 6262
Overall Rank
FRGAX Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
FRGAX Sortino Ratio Rank: 6060
Sortino Ratio Rank
FRGAX Omega Ratio Rank: 6060
Omega Ratio Rank
FRGAX Calmar Ratio Rank: 6060
Calmar Ratio Rank
FRGAX Martin Ratio Rank: 6969
Martin Ratio Rank
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. FRGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Growth Allocation Fund (HRAAX) and Fidelity 70% Allocation Fund (FRGAX). 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.

HRAAXFRGAXDifference
Sharpe ratioReturn per unit of total volatility
1.71
1.89

-0.18

Sortino ratioReturn per unit of downside risk
2.40
2.66

-0.26

Omega ratioGain probability vs. loss probability

1.32

1.35

-0.04

Calmar ratioReturn relative to maximum drawdown

2.37

2.59

-0.22

Martin ratioReturn relative to average drawdown

10.41

11.22

-0.81

HRAAX vs. FRGAX - Sharpe Ratio Comparison

The current HRAAX Sharpe Ratio is 1.71, which is comparable to the FRGAX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of HRAAX and FRGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HRAAX vs. FRGAX - Drawdown Comparison

The maximum HRAAX drawdown since its inception was -48.94%, which is greater than FRGAX's maximum drawdown of -11.77%. Use the drawdown chart below to compare losses from any high point for HRAAX and FRGAX.

Loading charts...

Drawdown Indicators

HRAAXFRGAXDifference

Max Drawdown

Largest peak-to-trough decline

-48.94%

-11.77%

-37.17%

Max Drawdown (1Y)

Largest decline over 1 year

-7.90%

-7.03%

-0.87%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-11.77%

-2.30%

Max Drawdown (5Y)

Largest decline over 5 years

-23.64%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.42%

—

—

Current Drawdown

Current decline from peak

-1.94%

-1.83%

-0.11%

Average Drawdown

Average peak-to-trough decline

-6.61%

-1.58%

-5.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.79%

1.61%

+0.18%

Volatility

HRAAX vs. FRGAX - Volatility Comparison

Hartford Growth Allocation Fund (HRAAX) has a higher volatility of 4.42% compared to Fidelity 70% Allocation Fund (FRGAX) at 3.98%. This indicates that HRAAX's price experiences larger fluctuations and is considered to be riskier than FRGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HRAAXFRGAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.42%

3.98%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

8.99%

7.98%

+1.01%

Volatility (1Y)

Calculated over the trailing 1-year period

10.96%

9.66%

+1.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.04%

10.41%

+2.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.81%

10.41%

+3.40%

HRAAX vs. FRGAX - Expense Ratio Comparison

HRAAX has a 0.53% expense ratio, which is higher than FRGAX's 0.02% expense ratio.

Dividends

HRAAX vs. FRGAX - Dividend Comparison

HRAAX's dividend yield for the trailing twelve months is around 10.04%, more than FRGAX's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
FRGAX
Fidelity 70% Allocation Fund		1.87%2.00%2.01%1.77%1.71%0.00%0.00%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

With a correlation of 0.99, HRAAX and FRGAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

HRAAX has higher volatility (4.42%) compared to FRGAX (3.98%). In terms of maximum drawdown, HRAAX dropped -48.94% vs FRGAX's -11.77%.

FRGAX currently has the higher Sharpe Ratio (1.89 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.

Portfolio Optimizer

Find the right allocation for HRAAX and FRGAX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer