IHGIX vs. GSPAX

Last updated Jun 4, 2026

IHGIX (Hartford Dividend and Growth Fund Class A) and GSPAX (Goldman Sachs U.S. Equity Dividend and Premium Fund Class A) are both Dividend funds. Both are actively managed. Over the past 10 years, IHGIX returned 12.89%/yr vs 12.69%/yr for GSPAX. Their correlation of 0.93 suggests significant overlap in exposure. IHGIX charges 0.96%/yr vs 1.01%/yr for GSPAX.

Performance

IHGIX vs. GSPAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Dividend and Growth Fund Class A (IHGIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IHGIX achieves a 8.85% return, which is significantly lower than GSPAX's 10.39% return. Both investments have delivered pretty close results over the past 10 years, with IHGIX having a 12.89% annualized return and GSPAX not far behind at 12.69%.

IHGIX

• 1D: 0.16%
• 1M: 4.03%
• YTD: 8.85%
• 6M: 9.80%
• 1Y: 24.10%
• 3Y*: 15.96%
• 5Y*: 10.53%
• 10Y*: 12.89%

GSPAX

• 1D: 0.15%
• 1M: 4.80%
• YTD: 10.39%
• 6M: 10.76%
• 1Y: 24.52%
• 3Y*: 20.59%
• 5Y*: 12.89%
• 10Y*: 12.69%

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

IHGIX vs. GSPAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHGIX Hartford Dividend and Growth Fund Class A	8.85%	16.86%	12.19%	13.81%	-8.88%	30.97%	7.64%	31.61%	-5.72%	17.91%
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A	10.39%	13.27%	29.10%	21.09%	-15.36%	22.39%	13.66%	24.67%	-6.63%	14.84%

Correlation

The correlation between IHGIX and GSPAX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006	0.93

The correlation between IHGIX and GSPAX shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IHGIX vs. GSPAX — Risk / Return Rank

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

IHGIX

IHGIX Risk / Return Rank: 61
IHGIX Sharpe Ratio Rank: 60
IHGIX Sortino Ratio Rank: 57
IHGIX Omega Ratio Rank: 54
IHGIX Calmar Ratio Rank: 63
IHGIX Martin Ratio Rank: 68

GSPAX

GSPAX Risk / Return Rank: 75
GSPAX Sharpe Ratio Rank: 77
GSPAX Sortino Ratio Rank: 72
GSPAX Omega Ratio Rank: 75
GSPAX Calmar Ratio Rank: 69
GSPAX Martin Ratio Rank: 85

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.

IHGIX vs. GSPAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Dividend and Growth Fund Class A (IHGIX) and Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX). 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.

	IHGIX	GSPAX	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.56	-0.27
Sortino ratio: Return per unit of downside risk	3.21	3.55	-0.34
Omega ratio: Gain probability vs. loss probability	1.41	1.49	-0.08
Calmar ratio: Return relative to maximum drawdown	3.06	3.19	-0.13
Martin ratio: Return relative to average drawdown	13.21	16.15	-2.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IHGIX vs. GSPAX - Sharpe Ratio Comparison

The current IHGIX Sharpe Ratio is 2.29, which is comparable to the GSPAX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of IHGIX and GSPAX, 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

	IHGIX	GSPAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.56	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.81	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.75	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.52	+0.04

Drawdowns

IHGIX vs. GSPAX - Drawdown Comparison

The maximum IHGIX drawdown since its inception was -51.07%, roughly equal to the maximum GSPAX drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for IHGIX and GSPAX.

Drawdown Indicators

	IHGIX	GSPAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.07%	-52.07%	+1.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-7.92%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-13.77%	-20.51%	+6.74%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-22.39%	+3.42%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-32.71%	-2.28%
Current Drawdown Current decline from peak	-0.27%	0.00%	-0.27%
Average Drawdown Average peak-to-trough decline	-6.04%	-6.17%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.56%	+0.29%

Volatility

IHGIX vs. GSPAX - Volatility Comparison

Hartford Dividend and Growth Fund Class A (IHGIX) has a higher volatility of 2.64% compared to Goldman Sachs U.S. Equity Dividend and Premium Fund Class A (GSPAX) at 1.98%. This indicates that IHGIX's price experiences larger fluctuations and is considered to be riskier than GSPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IHGIX	GSPAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.64%	1.98%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	7.73%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	9.85%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	16.01%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	16.89%	-0.27%

IHGIX vs. GSPAX - Expense Ratio Comparison

IHGIX has a 0.96% expense ratio, which is lower than GSPAX's 1.01% expense ratio.

Dividends

IHGIX vs. GSPAX - Dividend Comparison

IHGIX's dividend yield for the trailing twelve months is around 11.57%, more than GSPAX's 5.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSPAX Goldman Sachs U.S. Equity Dividend and Premium Fund Class A	5.68%	6.05%	12.41%	6.14%	6.12%	5.67%	6.81%	6.47%	7.50%	5.73%	5.25%	5.86%
IHGIX Hartford Dividend and Growth Fund Class A	11.57%	12.63%	10.77%	1.65%	5.99%	5.71%	3.43%	7.07%	12.61%	11.64%	4.67%	10.64%

Frequently Asked Questions

Can I hold both IHGIX and GSPAX in my portfolio?

IHGIX and GSPAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IHGIX or GSPAX?

IHGIX has higher volatility (2.64%) compared to GSPAX (1.98%). In terms of maximum drawdown, IHGIX dropped -51.07% vs GSPAX's -52.07%.

Which has better risk-adjusted returns?

GSPAX currently has the higher Sharpe Ratio (2.56 vs 2.29), 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.