HRAAX vs. HDGYX

Last updated Jun 17, 2026

HRAAX (Hartford Growth Allocation Fund) and HDGYX (The Hartford Dividend and Growth Fund) are both mutual funds - HRAAX is a Diversified Portfolio fund managed by Hartford, while HDGYX is a Large Cap Value Equities fund managed by Hartford. Over the past 10 years, HRAAX returned 10.15%/yr vs 13.42%/yr for HDGYX. Their correlation of 0.93 suggests significant overlap in exposure. HRAAX charges 0.53%/yr vs 0.69%/yr for HDGYX.

Performance

HRAAX vs. HDGYX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HRAAX having a 9.56% return and HDGYX slightly lower at 9.47%. Over the past 10 years, HRAAX has underperformed HDGYX with an annualized return of 10.15%, while HDGYX has yielded a comparatively higher 13.42% annualized return.

HRAAX

• 1D: 1.13%
• 1M: 2.91%
• YTD: 9.56%
• 6M: 10.35%
• 1Y: 21.71%
• 3Y*: 16.73%
• 5Y*: 8.42%
• 10Y*: 10.15%

HDGYX

• 1D: 0.59%
• 1M: 3.48%
• YTD: 9.47%
• 6M: 10.27%
• 1Y: 24.03%
• 3Y*: 15.72%
• 5Y*: 11.00%
• 10Y*: 13.42%

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

HRAAX vs. HDGYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRAAX Hartford Growth Allocation Fund	9.56%	17.15%	17.00%	14.99%	-16.26%	13.52%	13.08%	22.02%	-7.40%	18.48%
HDGYX The Hartford Dividend and Growth Fund	9.47%	17.15%	12.41%	14.11%	-8.62%	31.32%	8.03%	31.88%	-5.44%	18.29%

Correlation

The correlation between HRAAX and HDGYX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 1, 2004	0.93

The correlation between HRAAX and HDGYX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

Return for Risk

HRAAX vs. HDGYX — Risk / Return Rank

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

HRAAX

HRAAX Risk / Return Rank: 65
HRAAX Sharpe Ratio Rank: 63
HRAAX Sortino Ratio Rank: 60
HRAAX Omega Ratio Rank: 62
HRAAX Calmar Ratio Rank: 65
HRAAX Martin Ratio Rank: 73

HDGYX

HDGYX Risk / Return Rank: 74
HDGYX Sharpe Ratio Rank: 76
HDGYX Sortino Ratio Rank: 74
HDGYX Omega Ratio Rank: 68
HDGYX Calmar Ratio Rank: 74
HDGYX Martin Ratio Rank: 79

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. HDGYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Growth Allocation Fund (HRAAX) and The Hartford Dividend and Growth Fund (HDGYX). 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	HDGYX	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.26	-0.18
Sortino ratio: Return per unit of downside risk	2.88	3.16	-0.27
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	2.85	3.09	-0.24
Martin ratio: Return relative to average drawdown	12.60	13.27	-0.67

HRAAX vs. HDGYX - Sharpe Ratio Comparison

The current HRAAX Sharpe Ratio is 2.08, which is comparable to the HDGYX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of HRAAX and HDGYX, 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. HDGYX - Drawdown Comparison

The maximum HRAAX drawdown since its inception was -48.94%, roughly equal to the maximum HDGYX drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for HRAAX and HDGYX.

Drawdown Indicators

	HRAAX	HDGYX	Difference
Max Drawdown Largest peak-to-trough decline	-48.94%	-50.78%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-8.00%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-13.70%	-0.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.64%	-18.79%	-4.85%
Max Drawdown (10Y) Largest decline over 10 years	-30.42%	-34.98%	+4.56%
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-6.62%	-5.81%	-0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.86%	-0.08%

Volatility

HRAAX vs. HDGYX - Volatility Comparison

Hartford Growth Allocation Fund (HRAAX) has a higher volatility of 4.38% compared to The Hartford Dividend and Growth Fund (HDGYX) at 3.51%. This indicates that HRAAX's price experiences larger fluctuations and is considered to be riskier than HDGYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HRAAX	HDGYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.51%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	8.33%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	10.95%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	14.07%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.86%	16.63%	-2.77%

HRAAX vs. HDGYX - Expense Ratio Comparison

HRAAX has a 0.53% expense ratio, which is lower than HDGYX's 0.69% expense ratio.

Dividends

HRAAX vs. HDGYX - Dividend Comparison

HRAAX's dividend yield for the trailing twelve months is around 9.87%, less than HDGYX's 11.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDGYX The Hartford Dividend and Growth Fund	11.23%	12.31%	10.61%	1.82%	6.08%	5.80%	3.61%	7.15%	12.64%	11.68%	4.92%	10.83%
HRAAX Hartford Growth Allocation Fund	9.87%	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 HDGYX in my portfolio?

HRAAX and HDGYX have a correlation of 0.85, 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 HDGYX?

HRAAX has higher volatility (4.38%) compared to HDGYX (3.51%). In terms of maximum drawdown, HRAAX dropped -48.94% vs HDGYX's -50.78%.

Which has better risk-adjusted returns?

HDGYX currently has the higher Sharpe Ratio (2.26 vs 2.08), 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.