JVAL vs. HDGYX

Last updated Aug 2, 2026

JVAL (JPMorgan U.S. Value Factor ETF) and HDGYX (The Hartford Dividend and Growth Fund) are both Large Cap Value Equities funds. Over the past 5 years, JVAL returned 12.24%/yr vs 11.16%/yr for HDGYX. Their correlation of 0.87 means they have usually moved in the same direction. JVAL charges 0.12%/yr vs 0.69%/yr for HDGYX.

Performance

JVAL vs. HDGYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Value Factor ETF (JVAL) and The Hartford Dividend and Growth Fund (HDGYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVAL achieves a 18.47% return, which is significantly higher than HDGYX's 12.49% return.

JVAL

• 1D: 0.06%
• 1M: -0.17%
• 6M: 14.51%
• YTD: 18.47%
• 1Y: 33.23%
• 3Y*: 18.29%
• 5Y*: 12.24%
• 10Y*: —
• ALL TIME*: 12.81%

HDGYX

• 1D: 1.11%
• 1M: 1.23%
• 6M: 10.22%
• YTD: 12.49%
• 1Y: 27.39%
• 3Y*: 15.46%
• 5Y*: 11.16%
• 10Y*: 13.29%
• ALL TIME*: 10.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HDGYX The Hartford Dividend and Growth Fund	$0.00	$0.00	$0.00
JVAL JPMorgan U.S. Value Factor ETF	$2.02M	$2.38M	$3.19M

JVAL vs. HDGYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVAL JPMorgan U.S. Value Factor ETF	18.47%	16.16%	14.53%	19.48%	-11.58%	31.31%	6.43%	28.37%	-8.94%	5.24%
HDGYX The Hartford Dividend and Growth Fund	12.49%	17.15%	12.41%	14.11%	-8.62%	31.32%	8.03%	31.88%	-5.44%	3.35%

Correlation

The correlation between JVAL and HDGYX is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.87

The correlation between JVAL and HDGYX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

JVAL vs. HDGYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JVAL

JVAL Risk / Return Rank: 89
JVAL Sharpe Ratio Rank: 89
JVAL Sortino Ratio Rank: 88
JVAL Omega Ratio Rank: 86
JVAL Calmar Ratio Rank: 89
JVAL Martin Ratio Rank: 90

HDGYX

HDGYX Risk / Return Rank: 88
HDGYX Sharpe Ratio Rank: 90
HDGYX Sortino Ratio Rank: 86
HDGYX Omega Ratio Rank: 83
HDGYX Calmar Ratio Rank: 88
HDGYX Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JVAL vs. HDGYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Value Factor ETF (JVAL) and The Hartford Dividend and Growth Fund (HDGYX). 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.

	JVAL	HDGYX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.25	-0.08
Sortino ratio: Return per unit of downside risk	2.99	3.14	-0.15
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio: Return relative to maximum drawdown	3.73	3.11	+0.62
Martin ratio: Return relative to average drawdown	14.48	13.75	+0.73

JVAL vs. HDGYX - Sharpe Ratio Comparison

The current JVAL Sharpe Ratio is 2.17, which is comparable to the HDGYX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of JVAL and HDGYX, 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

JVAL vs. HDGYX - Drawdown Comparison

The maximum JVAL drawdown since its inception was -40.42%, smaller than the maximum HDGYX drawdown of -50.78%. Use the drawdown chart below to compare losses from any high point for JVAL and HDGYX.

Drawdown Indicators

	JVAL	HDGYX	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-50.78%	+10.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-8.00%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-13.70%	-6.37%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-18.79%	-3.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-1.57%	-0.22%	-1.35%
Average Drawdown Average peak-to-trough decline	-5.23%	-5.79%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.82%	+0.36%

Volatility

JVAL vs. HDGYX - Volatility Comparison

JPMorgan U.S. Value Factor ETF (JVAL) and The Hartford Dividend and Growth Fund (HDGYX) have volatilities of 3.18% and 3.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVAL	HDGYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.04%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	11.12%	8.30%	+2.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	11.07%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	13.99%	+3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	16.55%	+3.21%

JVAL vs. HDGYX - Expense Ratio Comparison

JVAL has a 0.12% expense ratio, which is lower than HDGYX's 0.69% expense ratio.

Dividends

JVAL vs. HDGYX - Dividend Comparison

JVAL's dividend yield for the trailing twelve months is around 1.65%, less than HDGYX's 10.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDGYX The Hartford Dividend and Growth Fund	10.91%	12.31%	10.61%	1.82%	6.08%	5.80%	3.61%	7.15%	12.64%	11.68%	4.92%	10.83%
JVAL JPMorgan U.S. Value Factor ETF	1.65%	2.08%	2.21%	2.43%	2.46%	1.88%	2.55%	2.58%	2.61%	0.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JVAL and HDGYX in my portfolio?

JVAL and HDGYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVAL or HDGYX?

JVAL has higher volatility (3.18%) compared to HDGYX (3.04%). In terms of maximum drawdown, JVAL dropped -40.42% vs HDGYX's -50.78%.

Which has better risk-adjusted returns?

HDGYX currently has the higher Sharpe Ratio (2.25 vs 2.17), 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.