HSLYX vs. HBLYX

Last updated Jul 11, 2026

HSLYX (Hartford Small Cap Growth Fund) and HBLYX (The Hartford Balanced Income Fund) are both mutual funds - HSLYX is a Small Cap Growth Equities fund managed by Hartford, while HBLYX is a Diversified Portfolio fund managed by Hartford. Over the past 10 years, HSLYX returned 10.30%/yr vs 6.54%/yr for HBLYX. A 0.71 correlation means they provide meaningful diversification when combined. HSLYX charges 0.87%/yr vs 0.64%/yr for HBLYX.

Performance

HSLYX vs. HBLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Small Cap Growth Fund (HSLYX) and The Hartford Balanced Income Fund (HBLYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSLYX achieves a 23.21% return, which is significantly higher than HBLYX's 3.36% return. Over the past 10 years, HSLYX has outperformed HBLYX with an annualized return of 10.30%, while HBLYX has yielded a comparatively lower 6.54% annualized return.

HSLYX

• 1D: 1.60%
• 1M: 3.29%
• 6M: 16.72%
• YTD: 23.21%
• 1Y: 37.85%
• 3Y*: 15.27%
• 5Y*: 3.91%
• 10Y*: 10.30%

HBLYX

• 1D: 0.13%
• 1M: -0.09%
• 6M: 2.11%
• YTD: 3.36%
• 1Y: 8.65%
• 3Y*: 9.61%
• 5Y*: 4.77%
• 10Y*: 6.54%

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

HSLYX vs. HBLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSLYX Hartford Small Cap Growth Fund	23.21%	6.86%	11.36%	18.16%	-28.82%	3.49%	32.45%	37.76%	-12.65%	20.14%
HBLYX The Hartford Balanced Income Fund	3.36%	10.03%	9.00%	7.95%	-8.18%	10.01%	7.73%	19.36%	-4.82%	11.78%

Correlation

The correlation between HSLYX and HBLYX is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 31, 2006	0.71

The correlation between HSLYX and HBLYX shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HSLYX vs. HBLYX — Risk / Return Rank

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

HSLYX

HSLYX Risk / Return Rank: 60
HSLYX Sharpe Ratio Rank: 55
HSLYX Sortino Ratio Rank: 53
HSLYX Omega Ratio Rank: 46
HSLYX Calmar Ratio Rank: 75
HSLYX Martin Ratio Rank: 71

HBLYX

HBLYX Risk / Return Rank: 35
HBLYX Sharpe Ratio Rank: 40
HBLYX Sortino Ratio Rank: 40
HBLYX Omega Ratio Rank: 40
HBLYX Calmar Ratio Rank: 27
HBLYX Martin Ratio Rank: 30

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.

HSLYX vs. HBLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Small Cap Growth Fund (HSLYX) and The Hartford Balanced Income Fund (HBLYX). 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.

	HSLYX	HBLYX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.41	+0.24
Sortino ratio: Return per unit of downside risk	2.32	2.01	+0.31
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.02
Calmar ratio: Return relative to maximum drawdown	2.70	1.50	+1.20
Martin ratio: Return relative to average drawdown	10.38	5.44	+4.94

HSLYX vs. HBLYX - Sharpe Ratio Comparison

The current HSLYX Sharpe Ratio is 1.65, which is comparable to the HBLYX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of HSLYX and HBLYX, 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

HSLYX vs. HBLYX - Drawdown Comparison

The maximum HSLYX drawdown since its inception was -59.62%, which is greater than HBLYX's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for HSLYX and HBLYX.

Drawdown Indicators

	HSLYX	HBLYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.62%	-31.36%	-28.26%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	-5.59%	-7.79%
Max Drawdown (3Y) Largest decline over 3 years	-31.16%	-7.71%	-23.45%
Max Drawdown (5Y) Largest decline over 5 years	-39.72%	-15.92%	-23.80%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	-23.19%	-17.45%
Current Drawdown Current decline from peak	-1.19%	-0.61%	-0.58%
Average Drawdown Average peak-to-trough decline	-12.60%	-3.08%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	1.54%	+1.93%

Volatility

HSLYX vs. HBLYX - Volatility Comparison

Hartford Small Cap Growth Fund (HSLYX) has a higher volatility of 6.51% compared to The Hartford Balanced Income Fund (HBLYX) at 1.78%. This indicates that HSLYX's price experiences larger fluctuations and is considered to be riskier than HBLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSLYX	HBLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	1.78%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	16.82%	4.66%	+12.16%
Volatility (1Y) Calculated over the trailing 1-year period	21.86%	5.96%	+15.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	7.98%	+15.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.94%	8.37%	+15.57%

HSLYX vs. HBLYX - Expense Ratio Comparison

HSLYX has a 0.87% expense ratio, which is higher than HBLYX's 0.64% expense ratio.

Dividends

HSLYX vs. HBLYX - Dividend Comparison

HSLYX's dividend yield for the trailing twelve months is around 6.01%, less than HBLYX's 6.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBLYX The Hartford Balanced Income Fund	6.77%	6.97%	9.70%	3.44%	6.90%	7.00%	2.83%	3.49%	7.25%	5.58%	3.89%	4.54%
HSLYX Hartford Small Cap Growth Fund	6.01%	7.41%	12.15%	2.89%	0.00%	20.41%	6.23%	2.68%	28.57%	4.51%	0.58%	8.29%

Frequently Asked Questions

Can I hold both HSLYX and HBLYX in my portfolio?

HSLYX and HBLYX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSLYX or HBLYX?

HSLYX has higher volatility (6.51%) compared to HBLYX (1.78%). In terms of maximum drawdown, HSLYX dropped -59.62% vs HBLYX's -31.36%.

Which has better risk-adjusted returns?

HSLYX currently has the higher Sharpe Ratio (1.65 vs 1.41), 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.