HSLYX vs. NCLEX
HSLYX (Hartford Small Cap Growth Fund) and NCLEX (Nicholas Limited Edition Fund) are both Small Cap Growth Equities funds. Over the past 10 years, HSLYX returned 9.40%/yr vs 7.50%/yr for NCLEX. Their correlation of 0.93 means they have usually moved in the same direction. HSLYX charges 0.87%/yr vs 0.85%/yr for NCLEX.
Performance
HSLYX vs. NCLEX - Performance Comparison
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Returns By Period
Over the past 10 years, HSLYX has outperformed NCLEX with an annualized return of 9.40%, while NCLEX has yielded a comparatively lower 7.50% annualized return.
HSLYX
- 1D
- 2.88%
- 1M
- -4.45%
- 6M
- 11.88%
- YTD
- 16.62%
- 1Y
- 31.41%
- 3Y*
- 12.06%
- 5Y*
- 2.76%
- 10Y*
- 9.40%
- ALL TIME*
- 8.81%
NCLEX
- 1D
- -1.13%
- 1M
- 0.20%
- 6M
- 0.08%
- YTD
- 0.00%
- 1Y
- -2.29%
- 3Y*
- 0.57%
- 5Y*
- -0.61%
- 10Y*
- 7.50%
- ALL TIME*
- 9.15%
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 |
HSLYX vs. NCLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSLYX Hartford Small Cap Growth Fund | 16.62% | 6.86% | 11.36% | 18.16% | -28.82% | 3.49% | 32.45% | 37.76% | -12.65% | 20.14% |
NCLEX Nicholas Limited Edition Fund | 0.00% | -10.41% | 11.91% | 17.17% | -23.71% | 19.07% | 22.67% | 27.36% | -0.94% | 19.93% |
Correlation
The correlation between HSLYX and NCLEX is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2002 | 0.93 |
Over the past year, the correlation between HSLYX and NCLEX has dropped to 0.61 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.
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Return for Risk
HSLYX vs. NCLEX — Risk / Return Rank
HSLYX
NCLEX
HSLYX vs. NCLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Small Cap Growth Fund (HSLYX) and Nicholas Limited Edition Fund (NCLEX). 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 | NCLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | -0.26 | +2.30 |
| Martin ratioReturn relative to average drawdown | 7.43 | -0.51 | +7.94 |
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Drawdowns
HSLYX vs. NCLEX - Drawdown Comparison
The maximum HSLYX drawdown since its inception was -59.62%, which is greater than NCLEX's maximum drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for HSLYX and NCLEX.
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Drawdown Indicators
| HSLYX | NCLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.62% | -48.68% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -20.88% | +7.50% |
Max Drawdown (3Y)Largest decline over 3 years | -31.16% | -28.50% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -28.50% | -11.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.64% | -35.79% | -4.85% |
Current DrawdownCurrent decline from peak | -6.48% | -16.34% | +9.86% |
Average DrawdownAverage peak-to-trough decline | -12.59% | -8.32% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 10.65% | -6.96% |
Volatility
HSLYX vs. NCLEX - Volatility Comparison
Hartford Small Cap Growth Fund (HSLYX) has a higher volatility of 6.30% compared to Nicholas Limited Edition Fund (NCLEX) at 4.95%. This indicates that HSLYX's price experiences larger fluctuations and is considered to be riskier than NCLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSLYX | NCLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 4.95% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 17.55% | 12.80% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 17.31% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.00% | 19.62% | +4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.00% | 19.22% | +4.78% |
HSLYX vs. NCLEX - Expense Ratio Comparison
HSLYX has a 0.87% expense ratio, which is higher than NCLEX's 0.85% expense ratio.
Dividends
HSLYX vs. NCLEX - Dividend Comparison
HSLYX's dividend yield for the trailing twelve months is around 6.35%, less than NCLEX's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSLYX Hartford Small Cap Growth Fund | 6.35% | 7.41% | 12.15% | 2.89% | 0.00% | 20.41% | 6.23% | 2.68% | 28.57% | 4.51% | 0.58% | 8.29% |
NCLEX Nicholas Limited Edition Fund | 7.53% | 7.53% | 2.51% | 2.43% | 6.22% | 16.44% | 5.10% | 5.66% | 10.72% | 7.97% | 10.68% | 8.05% |
Frequently Asked Questions
HSLYX and NCLEX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSLYX has higher volatility (6.30%) compared to NCLEX (4.95%). In terms of maximum drawdown, HSLYX dropped -59.62% vs NCLEX's -48.68%.
HSLYX currently has the higher Sharpe Ratio (1.23 vs -0.32), 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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