HWDIX vs. DFGFX

Last updated Jun 4, 2026

HWDIX (The Hartford World Bond Fund) and DFGFX (DFA Two Year Global Fixed Income Portfolio) are both Global Bonds funds. Over the past 10 years, HWDIX returned 1.78%/yr vs 1.81%/yr for DFGFX. At a 0.22 correlation, their price movements are largely independent. HWDIX charges 0.71%/yr vs 0.16%/yr for DFGFX.

Performance

HWDIX vs. DFGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford World Bond Fund (HWDIX) and DFA Two Year Global Fixed Income Portfolio (DFGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HWDIX achieves a 0.70% return, which is significantly lower than DFGFX's 1.60% return. Both investments have delivered pretty close results over the past 10 years, with HWDIX having a 1.78% annualized return and DFGFX not far ahead at 1.81%.

HWDIX

• 1D: 0.00%
• 1M: 0.50%
• YTD: 0.70%
• 6M: 1.04%
• 1Y: 2.93%
• 3Y*: 3.41%
• 5Y*: 1.16%
• 10Y*: 1.78%

DFGFX

• 1D: 0.00%
• 1M: 0.51%
• YTD: 1.60%
• 6M: 1.90%
• 1Y: 2.64%
• 3Y*: 4.29%
• 5Y*: 2.30%
• 10Y*: 1.81%

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

HWDIX vs. DFGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HWDIX The Hartford World Bond Fund	0.70%	4.05%	2.13%	4.23%	-3.83%	-0.96%	1.79%	3.96%	4.05%	2.54%
DFGFX DFA Two Year Global Fixed Income Portfolio	1.60%	2.89%	5.36%	4.95%	-2.62%	-0.37%	0.88%	2.87%	1.91%	0.93%

Correlation

The correlation between HWDIX and DFGFX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jun 1, 2011	0.22

The correlation between HWDIX and DFGFX shifts across timeframes, from 0.07 (3 years) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HWDIX vs. DFGFX — Risk / Return Rank

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

HWDIX

HWDIX Risk / Return Rank: 13
HWDIX Sharpe Ratio Rank: 14
HWDIX Sortino Ratio Rank: 14
HWDIX Omega Ratio Rank: 17
HWDIX Calmar Ratio Rank: 10
HWDIX Martin Ratio Rank: 12

DFGFX

DFGFX Risk / Return Rank: 40
DFGFX Sharpe Ratio Rank: 34
DFGFX Sortino Ratio Rank: 19
DFGFX Omega Ratio Rank: 98
DFGFX Calmar Ratio Rank: 26
DFGFX Martin Ratio Rank: 23

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.

HWDIX vs. DFGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford World Bond Fund (HWDIX) and DFA Two Year Global Fixed Income Portfolio (DFGFX). 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.

	HWDIX	DFGFX	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.69	-0.64
Sortino ratio Return per unit of downside risk	1.51	1.84	-0.33
Omega ratio Gain probability vs. loss probability	1.22	2.36	-1.14
Calmar ratio Return relative to maximum drawdown	0.99	1.89	-0.90
Martin ratio Return relative to average drawdown	3.47	5.81	-2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HWDIX vs. DFGFX - Sharpe Ratio Comparison

The current HWDIX Sharpe Ratio is 1.05, which is lower than the DFGFX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of HWDIX and DFGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HWDIX	DFGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.69	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.28	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	1.34	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	2.29	-1.39

Drawdowns

HWDIX vs. DFGFX - Drawdown Comparison

The maximum HWDIX drawdown since its inception was -8.33%, which is greater than DFGFX's maximum drawdown of -4.00%. Use the drawdown chart below to compare losses from any high point for HWDIX and DFGFX.

Drawdown Indicators

	HWDIX	DFGFX	Difference
Max Drawdown Largest peak-to-trough decline	-8.33%	-4.00%	-4.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-1.41%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-3.12%	-2.12%	-1.00%
Max Drawdown (5Y) Largest decline over 5 years	-8.16%	-4.00%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-8.33%	-4.00%	-4.33%
Current Drawdown Current decline from peak	-0.69%	0.00%	-0.69%
Average Drawdown Average peak-to-trough decline	-1.24%	-0.23%	-1.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.46%	+0.36%

Volatility

HWDIX vs. DFGFX - Volatility Comparison

The Hartford World Bond Fund (HWDIX) has a higher volatility of 0.77% compared to DFA Two Year Global Fixed Income Portfolio (DFGFX) at 0.28%. This indicates that HWDIX's price experiences larger fluctuations and is considered to be riskier than DFGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HWDIX	DFGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.28%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	0.52%	+1.81%
Volatility (1Y) Calculated over the trailing 1-year period	2.72%	1.58%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	1.81%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.64%	1.36%	+1.28%

HWDIX vs. DFGFX - Expense Ratio Comparison

HWDIX has a 0.71% expense ratio, which is higher than DFGFX's 0.16% expense ratio.

Dividends

HWDIX vs. DFGFX - Dividend Comparison

HWDIX's dividend yield for the trailing twelve months is around 4.42%, more than DFGFX's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFGFX DFA Two Year Global Fixed Income Portfolio	3.10%	2.67%	4.77%	3.19%	1.17%	0.23%	0.57%	2.24%	2.21%	1.54%	0.65%	0.02%
HWDIX The Hartford World Bond Fund	4.42%	4.45%	2.93%	3.12%	0.22%	1.71%	0.82%	3.06%	4.31%	0.01%	0.28%	3.61%

Frequently Asked Questions

Can I hold both HWDIX and DFGFX in my portfolio?

HWDIX and DFGFX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HWDIX or DFGFX?

HWDIX has higher volatility (0.77%) compared to DFGFX (0.28%). In terms of maximum drawdown, HWDIX dropped -8.33% vs DFGFX's -4.00%.

Which has better risk-adjusted returns?

DFGFX currently has the higher Sharpe Ratio (1.69 vs 1.05), 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.