ITHAX vs. HBLYX

Last updated Jun 4, 2026

ITHAX (Hartford Capital Appreciation Fund Class A) and HBLYX (The Hartford Balanced Income Fund) are both mutual funds - ITHAX is a Large Cap Growth Equities fund actively managed by Hartford, while HBLYX is a Diversified Portfolio fund managed by Hartford. Over the past 10 years, ITHAX returned 12.61%/yr vs 6.77%/yr for HBLYX. Their correlation of 0.81 suggests significant overlap in exposure. ITHAX charges 1.05%/yr vs 0.64%/yr for HBLYX.

Performance

ITHAX vs. HBLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Capital Appreciation Fund Class A (ITHAX) 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, ITHAX achieves a 9.96% return, which is significantly higher than HBLYX's 2.70% return. Over the past 10 years, ITHAX has outperformed HBLYX with an annualized return of 12.61%, while HBLYX has yielded a comparatively lower 6.77% annualized return.

ITHAX

• 1D: 0.33%
• 1M: 5.89%
• YTD: 9.96%
• 6M: 9.50%
• 1Y: 23.33%
• 3Y*: 17.09%
• 5Y*: 8.87%
• 10Y*: 12.61%

HBLYX

• 1D: 0.20%
• 1M: 1.20%
• YTD: 2.70%
• 6M: 2.90%
• 1Y: 10.40%
• 3Y*: 9.67%
• 5Y*: 4.77%
• 10Y*: 6.77%

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

ITHAX vs. HBLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITHAX Hartford Capital Appreciation Fund Class A	9.96%	10.37%	20.73%	18.95%	-17.83%	15.30%	20.74%	36.59%	-5.22%	21.40%
HBLYX The Hartford Balanced Income Fund	2.70%	10.03%	9.00%	7.95%	-8.18%	10.01%	7.73%	19.36%	-4.82%	11.78%

Correlation

The correlation between ITHAX and HBLYX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 1, 2006	0.81

The correlation between ITHAX and HBLYX shifts across timeframes, from 0.64 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ITHAX vs. HBLYX — Risk / Return Rank

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

ITHAX

ITHAX Risk / Return Rank: 44
ITHAX Sharpe Ratio Rank: 45
ITHAX Sortino Ratio Rank: 42
ITHAX Omega Ratio Rank: 44
ITHAX Calmar Ratio Rank: 39
ITHAX Martin Ratio Rank: 51

HBLYX

HBLYX Risk / Return Rank: 36
HBLYX Sharpe Ratio Rank: 41
HBLYX Sortino Ratio Rank: 39
HBLYX Omega Ratio Rank: 42
HBLYX Calmar Ratio Rank: 27
HBLYX Martin Ratio Rank: 31

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.

ITHAX vs. HBLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Capital Appreciation Fund Class A (ITHAX) 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.

	ITHAX	HBLYX	Difference
Sharpe ratio Return per unit of total volatility	1.98	1.86	+0.13
Sortino ratio Return per unit of downside risk	2.74	2.63	+0.11
Omega ratio Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio Return relative to maximum drawdown	2.38	1.93	+0.45
Martin ratio Return relative to average drawdown	10.52	7.14	+3.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITHAX vs. HBLYX - Sharpe Ratio Comparison

The current ITHAX Sharpe Ratio is 1.98, which is comparable to the HBLYX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of ITHAX 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.

Sharpe Ratios by Period

	ITHAX	HBLYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.86	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.60	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.81	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.82	-0.25

Drawdowns

ITHAX vs. HBLYX - Drawdown Comparison

The maximum ITHAX drawdown since its inception was -63.22%, which is greater than HBLYX's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for ITHAX and HBLYX.

Drawdown Indicators

	ITHAX	HBLYX	Difference
Max Drawdown Largest peak-to-trough decline	-63.22%	-31.36%	-31.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-5.59%	-4.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.76%	-7.71%	-12.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.63%	-15.92%	-10.71%
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	-23.19%	-13.14%
Current Drawdown Current decline from peak	0.00%	-1.24%	+1.24%
Average Drawdown Average peak-to-trough decline	-12.17%	-3.10%	-9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.51%	+0.78%

Volatility

ITHAX vs. HBLYX - Volatility Comparison

Hartford Capital Appreciation Fund Class A (ITHAX) has a higher volatility of 2.83% compared to The Hartford Balanced Income Fund (HBLYX) at 1.62%. This indicates that ITHAX'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

	ITHAX	HBLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	1.62%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	9.19%	4.50%	+4.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	5.83%	+6.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	7.96%	+8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	8.39%	+9.67%

ITHAX vs. HBLYX - Expense Ratio Comparison

ITHAX has a 1.05% expense ratio, which is higher than HBLYX's 0.64% expense ratio.

Dividends

ITHAX vs. HBLYX - Dividend Comparison

ITHAX's dividend yield for the trailing twelve months is around 6.43%, less than HBLYX's 6.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HBLYX The Hartford Balanced Income Fund	6.79%	6.97%	9.70%	3.44%	6.90%	7.00%	2.83%	3.49%	7.25%	5.58%	3.89%	4.54%
ITHAX Hartford Capital Appreciation Fund Class A	6.43%	7.07%	10.79%	0.53%	6.06%	16.17%	4.97%	9.24%	19.02%	14.85%	0.41%	9.39%

Frequently Asked Questions

Can I hold both ITHAX and HBLYX in my portfolio?

ITHAX and HBLYX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ITHAX or HBLYX?

ITHAX has higher volatility (2.83%) compared to HBLYX (1.62%). In terms of maximum drawdown, ITHAX dropped -63.22% vs HBLYX's -31.36%.

Which has better risk-adjusted returns?

ITHAX currently has the higher Sharpe Ratio (1.98 vs 1.86), 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.