Correlation
The correlation between HRAAX and SCHD is 0.85, 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.
HRAAX vs. SCHD
Compare and contrast key facts about Hartford Growth Allocation Fund (HRAAX) and Schwab US Dividend Equity ETF (SCHD).
HRAAX is managed by Hartford. It was launched on May 27, 2004. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HRAAX or SCHD.
Performance
HRAAX vs. SCHD - Performance Comparison
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Key characteristics
HRAAX:
0.80
SCHD:
0.35
HRAAX:
1.10
SCHD:
0.56
HRAAX:
1.16
SCHD:
1.07
HRAAX:
0.75
SCHD:
0.33
HRAAX:
3.22
SCHD:
0.99
HRAAX:
3.29%
SCHD:
5.36%
HRAAX:
14.62%
SCHD:
16.40%
HRAAX:
-48.94%
SCHD:
-33.37%
HRAAX:
-0.91%
SCHD:
-9.75%
Returns By Period
In the year-to-date period, HRAAX achieves a 3.82% return, which is significantly higher than SCHD's -3.35% return. Over the past 10 years, HRAAX has underperformed SCHD with an annualized return of 6.62%, while SCHD has yielded a comparatively higher 10.58% annualized return.
HRAAX
3.82%
4.18%
1.06%
11.63%
9.18%
10.01%
6.62%
SCHD
-3.35%
1.36%
-9.75%
5.67%
3.71%
12.22%
10.58%
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HRAAX vs. SCHD - Expense Ratio Comparison
HRAAX has a 0.53% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
HRAAX vs. SCHD — Risk-Adjusted Performance Rank
HRAAX
SCHD
HRAAX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Growth Allocation Fund (HRAAX) and Schwab US Dividend Equity ETF (SCHD). 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.
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Dividends
HRAAX vs. SCHD - Dividend Comparison
HRAAX's dividend yield for the trailing twelve months is around 3.06%, less than SCHD's 3.97% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRAAX Hartford Growth Allocation Fund | 3.06% | 3.17% | 1.56% | 6.56% | 7.72% | 4.06% | 4.37% | 3.88% | 2.36% | 0.43% | 7.14% | 31.63% |
SCHD Schwab US Dividend Equity ETF | 3.97% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
HRAAX vs. SCHD - Drawdown Comparison
The maximum HRAAX drawdown since its inception was -48.94%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for HRAAX and SCHD.
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Volatility
HRAAX vs. SCHD - Volatility Comparison
The current volatility for Hartford Growth Allocation Fund (HRAAX) is 3.08%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.90%. This indicates that HRAAX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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