MDLOX vs. HRLYX
MDLOX (BlackRock Global Allocation Fund) and HRLYX (Hartford Real Asset Fund) are both Global Allocation funds. Over the past 10 years, MDLOX returned 8.60%/yr vs 7.16%/yr for HRLYX. A 0.77 correlation means they provide meaningful diversification when combined. MDLOX charges 1.11%/yr vs 0.90%/yr for HRLYX.
Performance
MDLOX vs. HRLYX - Performance Comparison
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Returns By Period
In the year-to-date period, MDLOX achieves a 8.22% return, which is significantly lower than HRLYX's 9.75% return. Over the past 10 years, MDLOX has outperformed HRLYX with an annualized return of 8.60%, while HRLYX has yielded a comparatively lower 7.16% annualized return.
MDLOX
- 1D
- -0.41%
- 1M
- 1.91%
- YTD
- 8.22%
- 6M
- 7.74%
- 1Y
- 19.34%
- 3Y*
- 14.36%
- 5Y*
- 5.91%
- 10Y*
- 8.60%
HRLYX
- 1D
- -0.09%
- 1M
- -3.38%
- YTD
- 9.75%
- 6M
- 9.75%
- 1Y
- 18.50%
- 3Y*
- 10.69%
- 5Y*
- 7.87%
- 10Y*
- 7.16%
MDLOX vs. HRLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDLOX BlackRock Global Allocation Fund | 8.22% | 19.38% | 9.00% | 12.35% | -16.08% | 6.40% | 24.62% | 17.23% | -7.66% | 13.30% |
HRLYX Hartford Real Asset Fund | 9.75% | 21.89% | -5.41% | 7.44% | 0.72% | 21.58% | -1.13% | 12.34% | -10.11% | 9.57% |
Correlation
The correlation between MDLOX and HRLYX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2010 | 0.77 |
Over the past year, the correlation between MDLOX and HRLYX has dropped to 0.42 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
MDLOX vs. HRLYX — Risk / Return Rank
MDLOX
HRLYX
MDLOX vs. HRLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Global Allocation Fund (MDLOX) and Hartford Real Asset Fund (HRLYX). 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.
| MDLOX | HRLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 4.28 | -1.85 |
| Martin ratioReturn relative to average drawdown | 10.28 | 20.14 | -9.86 |
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Drawdowns
MDLOX vs. HRLYX - Drawdown Comparison
The maximum MDLOX drawdown since its inception was -32.96%, smaller than the maximum HRLYX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for MDLOX and HRLYX.
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Drawdown Indicators
| MDLOX | HRLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.96% | -45.58% | +12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -4.34% | -3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -11.17% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -16.86% | -6.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.89% | -36.82% | +13.93% |
Current DrawdownCurrent decline from peak | -0.55% | -4.34% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -14.34% | +9.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.92% | +1.04% |
Volatility
MDLOX vs. HRLYX - Volatility Comparison
BlackRock Global Allocation Fund (MDLOX) has a higher volatility of 4.05% compared to Hartford Real Asset Fund (HRLYX) at 2.03%. This indicates that MDLOX's price experiences larger fluctuations and is considered to be riskier than HRLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDLOX | HRLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.03% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 5.48% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.22% | 6.99% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 10.81% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 12.70% | -1.94% |
MDLOX vs. HRLYX - Expense Ratio Comparison
MDLOX has a 1.11% expense ratio, which is higher than HRLYX's 0.90% expense ratio.
Dividends
MDLOX vs. HRLYX - Dividend Comparison
MDLOX's dividend yield for the trailing twelve months is around 8.38%, more than HRLYX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRLYX Hartford Real Asset Fund | 3.60% | 3.95% | 0.00% | 4.36% | 4.79% | 19.52% | 3.10% | 3.11% | 2.49% | 3.62% | 0.76% | 1.33% |
MDLOX BlackRock Global Allocation Fund | 8.38% | 9.07% | 7.50% | 1.15% | 5.98% | 10.11% | 10.01% | 5.44% | 5.21% | 4.56% | 1.81% | 9.49% |
Frequently Asked Questions
MDLOX and HRLYX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDLOX has higher volatility (4.05%) compared to HRLYX (2.03%). In terms of maximum drawdown, MDLOX dropped -32.96% vs HRLYX's -45.58%.
HRLYX currently has the higher Sharpe Ratio (2.66 vs 1.97), 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.
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