QVGIX vs. HRLYX
QVGIX (Invesco Global Allocation Fund) and HRLYX (Hartford Real Asset Fund) are both Global Allocation funds. Over the past 10 years, QVGIX returned 6.54%/yr vs 7.29%/yr for HRLYX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. QVGIX charges 1.15%/yr vs 0.90%/yr for HRLYX.
Performance
QVGIX vs. HRLYX - Performance Comparison
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Returns By Period
In the year-to-date period, QVGIX achieves a 8.11% return, which is significantly lower than HRLYX's 14.42% return. Over the past 10 years, QVGIX has underperformed HRLYX with an annualized return of 6.54%, while HRLYX has yielded a comparatively higher 7.29% annualized return.
QVGIX
- 1D
- -0.18%
- 1M
- -0.27%
- 6M
- 4.93%
- YTD
- 8.11%
- 1Y
- 14.68%
- 3Y*
- 10.14%
- 5Y*
- 4.80%
- 10Y*
- 6.54%
- ALL TIME*
- 6.76%
HRLYX
- 1D
- -0.36%
- 1M
- 4.45%
- 6M
- 9.32%
- YTD
- 14.42%
- 1Y
- 23.94%
- 3Y*
- 10.61%
- 5Y*
- 8.48%
- 10Y*
- 7.29%
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
QVGIX vs. HRLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVGIX Invesco Global Allocation Fund | 8.11% | 13.68% | 5.63% | 15.63% | -17.60% | 10.45% | 14.42% | 16.35% | -9.74% | 14.83% |
HRLYX Hartford Real Asset Fund | 14.42% | 21.89% | -5.41% | 7.44% | 0.72% | 21.58% | -1.13% | 12.34% | -10.11% | 9.57% |
Correlation
The correlation between QVGIX and HRLYX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.70 |
Over the past year, the correlation between QVGIX and HRLYX has dropped to 0.32 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
QVGIX vs. HRLYX — Risk / Return Rank
QVGIX
HRLYX
QVGIX vs. HRLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Allocation Fund (QVGIX) 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.
| QVGIX | HRLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.65 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 4.43 | -2.06 |
| Martin ratioReturn relative to average drawdown | 9.77 | 17.16 | -7.39 |
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Drawdowns
QVGIX vs. HRLYX - Drawdown Comparison
The maximum QVGIX drawdown since its inception was -22.91%, smaller than the maximum HRLYX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for QVGIX and HRLYX.
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Drawdown Indicators
| QVGIX | HRLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -45.58% | +22.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -5.42% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -8.96% | -11.17% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -16.86% | -6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | -36.82% | +13.91% |
Current DrawdownCurrent decline from peak | -0.85% | -0.36% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -14.26% | +10.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.40% | +0.21% |
Volatility
QVGIX vs. HRLYX - Volatility Comparison
The current volatility for Invesco Global Allocation Fund (QVGIX) is 2.15%, while Hartford Real Asset Fund (HRLYX) has a volatility of 2.33%. This indicates that QVGIX experiences smaller price fluctuations and is considered to be less risky 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
| QVGIX | HRLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.15% | 2.33% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 5.75% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.57% | 7.14% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 10.77% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.94% | 12.60% | -1.66% |
QVGIX vs. HRLYX - Expense Ratio Comparison
QVGIX has a 1.15% expense ratio, which is higher than HRLYX's 0.90% expense ratio.
Dividends
QVGIX vs. HRLYX - Dividend Comparison
QVGIX's dividend yield for the trailing twelve months is around 6.28%, more than HRLYX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRLYX Hartford Real Asset Fund | 3.45% | 3.95% | 0.00% | 4.36% | 4.79% | 19.52% | 3.10% | 3.11% | 2.49% | 3.62% | 0.76% | 1.33% |
QVGIX Invesco Global Allocation Fund | 6.28% | 6.79% | 0.93% | 2.27% | 6.10% | 14.15% | 0.00% | 0.00% | 9.56% | 0.13% | 3.34% | 1.77% |
Frequently Asked Questions
QVGIX and HRLYX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRLYX has higher volatility (2.33%) compared to QVGIX (2.15%). In terms of maximum drawdown, QVGIX dropped -22.91% vs HRLYX's -45.58%.
HRLYX currently has the higher Sharpe Ratio (3.38 vs 1.72), 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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