HSDAX vs. HHMIX
HSDAX (Hartford Short Duration Fund) and HHMIX (Hartford Municipal Opportunities Fund) are both mutual funds - HSDAX is a Short-Term Bond fund managed by Hartford, while HHMIX is a Municipal Bonds fund managed by Hartford. Over the past 10 years, HSDAX returned 2.51%/yr vs 2.10%/yr for HHMIX. Their 0.40 correlation means their historical movements had little consistent relationship. HSDAX charges 0.79%/yr vs 0.44%/yr for HHMIX.
Performance
HSDAX vs. HHMIX - Performance Comparison
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Returns By Period
In the year-to-date period, HSDAX achieves a 0.78% return, which is significantly higher than HHMIX's 0.18% return. Over the past 10 years, HSDAX has outperformed HHMIX with an annualized return of 2.51%, while HHMIX has yielded a comparatively lower 2.10% annualized return.
HSDAX
- 1D
- -0.10%
- 1M
- -0.41%
- 6M
- 0.42%
- YTD
- 0.78%
- 1Y
- 2.92%
- 3Y*
- 5.05%
- 5Y*
- 2.43%
- 10Y*
- 2.51%
- ALL TIME*
- 2.65%
HHMIX
- 1D
- 0.00%
- 1M
- -1.66%
- 6M
- -0.81%
- YTD
- 0.18%
- 1Y
- 3.83%
- 3Y*
- 3.67%
- 5Y*
- 0.73%
- 10Y*
- 2.10%
- ALL TIME*
- 2.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HSDAX vs. HHMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSDAX Hartford Short Duration Fund | 0.78% | 6.10% | 5.03% | 6.14% | -5.04% | -0.05% | 3.80% | 6.08% | 0.36% | 2.18% |
HHMIX Hartford Municipal Opportunities Fund | 0.18% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
Correlation
The correlation between HSDAX and HHMIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.40 |
The correlation between HSDAX and HHMIX shifts across timeframes, from 0.40 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HSDAX vs. HHMIX — Risk / Return Rank
HSDAX
HHMIX
HSDAX vs. HHMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Short Duration Fund (HSDAX) and Hartford Municipal Opportunities Fund (HHMIX). 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.
| HSDAX | HHMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.46 | +1.01 |
| Martin ratioReturn relative to average drawdown | 10.61 | 4.25 | +6.36 |
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Drawdowns
HSDAX vs. HHMIX - Drawdown Comparison
The maximum HSDAX drawdown since its inception was -10.19%, smaller than the maximum HHMIX drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for HSDAX and HHMIX.
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Drawdown Indicators
| HSDAX | HHMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -30.49% | +20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -2.81% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -4.03% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -13.76% | +6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -10.19% | -13.76% | +3.57% |
Current DrawdownCurrent decline from peak | -0.41% | -2.02% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -3.86% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.96% | -0.65% |
Volatility
HSDAX vs. HHMIX - Volatility Comparison
The current volatility for Hartford Short Duration Fund (HSDAX) is 0.40%, while Hartford Municipal Opportunities Fund (HHMIX) has a volatility of 0.83%. This indicates that HSDAX experiences smaller price fluctuations and is considered to be less risky than HHMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSDAX | HHMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.83% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 2.09% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 2.50% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.22% | 3.35% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.28% | 3.58% | -1.30% |
HSDAX vs. HHMIX - Expense Ratio Comparison
HSDAX has a 0.79% expense ratio, which is higher than HHMIX's 0.44% expense ratio.
Dividends
HSDAX vs. HHMIX - Dividend Comparison
HSDAX's dividend yield for the trailing twelve months is around 4.04%, more than HHMIX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 3.19% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
HSDAX Hartford Short Duration Fund | 4.04% | 4.26% | 3.43% | 2.71% | 2.03% | 1.36% | 2.08% | 2.60% | 2.55% | 2.27% | 1.74% | 1.67% |
Frequently Asked Questions
HSDAX and HHMIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HHMIX has higher volatility (0.83%) compared to HSDAX (0.40%). In terms of maximum drawdown, HSDAX dropped -10.19% vs HHMIX's -30.49%.
HSDAX currently has the higher Sharpe Ratio (1.73 vs 1.66), 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.
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