IHGIX vs. HBLYX

Last updated Jul 15, 2026

IHGIX (Hartford Dividend and Growth Fund Class A) and HBLYX (The Hartford Balanced Income Fund) are both mutual funds - IHGIX is a Dividend fund actively managed by Hartford, while HBLYX is a Diversified Portfolio fund managed by Hartford. Over the past 10 years, IHGIX returned 12.79%/yr vs 6.50%/yr for HBLYX. Their correlation of 0.88 suggests significant overlap in exposure. IHGIX charges 0.96%/yr vs 0.64%/yr for HBLYX.

Performance

IHGIX vs. HBLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Dividend and Growth Fund Class A (IHGIX) 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, IHGIX achieves a 10.78% return, which is significantly higher than HBLYX's 3.36% return. Over the past 10 years, IHGIX has outperformed HBLYX with an annualized return of 12.79%, while HBLYX has yielded a comparatively lower 6.50% annualized return.

IHGIX

• 1D: 0.03%
• 1M: 1.85%
• 6M: 8.60%
• YTD: 10.78%
• 1Y: 21.86%
• 3Y*: 15.59%
• 5Y*: 10.80%
• 10Y*: 12.79%

HBLYX

• 1D: -0.13%
• 1M: -0.09%
• 6M: 2.11%
• YTD: 3.36%
• 1Y: 8.57%
• 3Y*: 9.04%
• 5Y*: 4.81%
• 10Y*: 6.50%

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

IHGIX vs. HBLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IHGIX Hartford Dividend and Growth Fund Class A	10.78%	16.86%	12.19%	13.81%	-8.88%	30.97%	7.64%	31.61%	-5.72%	17.91%
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 IHGIX and HBLYX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 31, 2006	0.88

The correlation between IHGIX and HBLYX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

IHGIX vs. HBLYX — Risk / Return Rank

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

IHGIX

IHGIX Risk / Return Rank: 79
IHGIX Sharpe Ratio Rank: 79
IHGIX Sortino Ratio Rank: 77
IHGIX Omega Ratio Rank: 75
IHGIX Calmar Ratio Rank: 77
IHGIX Martin Ratio Rank: 85

HBLYX

HBLYX Risk / Return Rank: 38
HBLYX Sharpe Ratio Rank: 44
HBLYX Sortino Ratio Rank: 43
HBLYX Omega Ratio Rank: 43
HBLYX Calmar Ratio Rank: 29
HBLYX Martin Ratio Rank: 33

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. HBLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Dividend and Growth Fund Class A (IHGIX) 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.

	IHGIX	HBLYX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.46	+0.56
Sortino ratio: Return per unit of downside risk	2.83	2.09	+0.74
Omega ratio: Gain probability vs. loss probability	1.36	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	2.77	1.55	+1.22
Martin ratio: Return relative to average drawdown	12.03	5.64	+6.39

IHGIX vs. HBLYX - Sharpe Ratio Comparison

The current IHGIX Sharpe Ratio is 2.02, which is higher than the HBLYX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of IHGIX 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

IHGIX vs. HBLYX - Drawdown Comparison

The maximum IHGIX drawdown since its inception was -51.07%, which is greater than HBLYX's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for IHGIX and HBLYX.

Drawdown Indicators

	IHGIX	HBLYX	Difference
Max Drawdown Largest peak-to-trough decline	-51.07%	-31.36%	-19.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-5.59%	-2.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.77%	-7.71%	-6.06%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-15.92%	-3.05%
Max Drawdown (10Y) Largest decline over 10 years	-34.99%	-23.19%	-11.80%
Current Drawdown Current decline from peak	-0.55%	-0.61%	+0.06%
Average Drawdown Average peak-to-trough decline	-6.02%	-3.08%	-2.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.54%	+0.30%

Volatility

IHGIX vs. HBLYX - Volatility Comparison

Hartford Dividend and Growth Fund Class A (IHGIX) has a higher volatility of 2.79% compared to The Hartford Balanced Income Fund (HBLYX) at 1.64%. This indicates that IHGIX'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

	IHGIX	HBLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	1.64%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	4.62%	+3.67%
Volatility (1Y) Calculated over the trailing 1-year period	10.98%	5.94%	+5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	7.98%	+6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	8.37%	+8.19%

IHGIX vs. HBLYX - Expense Ratio Comparison

IHGIX has a 0.96% expense ratio, which is higher than HBLYX's 0.64% expense ratio.

Dividends

IHGIX vs. HBLYX - Dividend Comparison

IHGIX's dividend yield for the trailing twelve months is around 11.34%, more 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%
IHGIX Hartford Dividend and Growth Fund Class A	11.34%	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 HBLYX in my portfolio?

IHGIX and HBLYX have a correlation of 0.84, 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 HBLYX?

IHGIX has higher volatility (2.79%) compared to HBLYX (1.64%). In terms of maximum drawdown, IHGIX dropped -51.07% vs HBLYX's -31.36%.

Which has better risk-adjusted returns?

IHGIX currently has the higher Sharpe Ratio (2.02 vs 1.46), 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.