SCIEX vs. HLMIX

Last updated Jun 23, 2026

SCIEX (Hartford Schroders International Stock Fund Class I) and HLMIX (Harding Loevner International Equity Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, SCIEX returned 10.62%/yr vs 9.90%/yr for HLMIX. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

SCIEX vs. HLMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders International Stock Fund Class I (SCIEX) and Harding Loevner International Equity Portfolio (HLMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCIEX achieves a 8.97% return, which is significantly lower than HLMIX's 15.35% return. Over the past 10 years, SCIEX has outperformed HLMIX with an annualized return of 10.62%, while HLMIX has yielded a comparatively lower 9.90% annualized return.

SCIEX

• 1D: 1.38%
• 1M: 3.15%
• YTD: 8.97%
• 6M: 9.77%
• 1Y: 20.60%
• 3Y*: 14.01%
• 5Y*: 7.28%
• 10Y*: 10.62%

HLMIX

• 1D: 1.39%
• 1M: 3.19%
• YTD: 15.35%
• 6M: 16.04%
• 1Y: 32.23%
• 3Y*: 15.11%
• 5Y*: 7.15%
• 10Y*: 9.90%

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

SCIEX vs. HLMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCIEX Hartford Schroders International Stock Fund Class I	8.97%	25.98%	5.89%	17.02%	-18.76%	11.38%	24.91%	25.18%	-12.38%	29.69%
HLMIX Harding Loevner International Equity Portfolio	15.35%	27.63%	1.18%	15.10%	-20.21%	8.49%	20.33%	25.22%	-13.96%	29.91%

Correlation

The correlation between SCIEX and HLMIX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.91

The correlation between SCIEX and HLMIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

SCIEX vs. HLMIX — Risk / Return Rank

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

SCIEX

SCIEX Risk / Return Rank: 22
SCIEX Sharpe Ratio Rank: 21
SCIEX Sortino Ratio Rank: 21
SCIEX Omega Ratio Rank: 22
SCIEX Calmar Ratio Rank: 22
SCIEX Martin Ratio Rank: 26

HLMIX

HLMIX Risk / Return Rank: 57
HLMIX Sharpe Ratio Rank: 56
HLMIX Sortino Ratio Rank: 52
HLMIX Omega Ratio Rank: 52
HLMIX Calmar Ratio Rank: 65
HLMIX Martin Ratio Rank: 60

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.

SCIEX vs. HLMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders International Stock Fund Class I (SCIEX) and Harding Loevner International Equity Portfolio (HLMIX). 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.

	SCIEX	HLMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.03	-0.80
Sortino ratio: Return per unit of downside risk	1.79	2.79	-1.00
Omega ratio: Gain probability vs. loss probability	1.23	1.36	-0.13
Calmar ratio: Return relative to maximum drawdown	1.60	2.96	-1.35
Martin ratio: Return relative to average drawdown	5.72	11.24	-5.52

SCIEX vs. HLMIX - Sharpe Ratio Comparison

The current SCIEX Sharpe Ratio is 1.24, which is lower than the HLMIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of SCIEX and HLMIX, 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

SCIEX vs. HLMIX - Drawdown Comparison

The maximum SCIEX drawdown since its inception was -60.26%, roughly equal to the maximum HLMIX drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for SCIEX and HLMIX.

Drawdown Indicators

	SCIEX	HLMIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.26%	-58.03%	-2.23%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-10.44%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-13.98%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-33.07%	-32.76%	-0.31%
Max Drawdown (10Y) Largest decline over 10 years	-33.07%	-32.76%	-0.31%
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-12.33%	-12.68%	+0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.74%	+0.68%

Volatility

SCIEX vs. HLMIX - Volatility Comparison

Hartford Schroders International Stock Fund Class I (SCIEX) and Harding Loevner International Equity Portfolio (HLMIX) have volatilities of 5.62% and 5.75%, 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

	SCIEX	HLMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	5.75%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	13.02%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	15.18%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	16.07%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.13%	16.52%	+0.61%

SCIEX vs. HLMIX - Expense Ratio Comparison

Both SCIEX and HLMIX have an expense ratio of 0.79%.

Dividends

SCIEX vs. HLMIX - Dividend Comparison

SCIEX's dividend yield for the trailing twelve months is around 2.51%, less than HLMIX's 12.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HLMIX Harding Loevner International Equity Portfolio	12.95%	14.94%	7.14%	3.79%	2.51%	2.48%	0.75%	1.59%	1.50%	1.64%	0.98%	1.02%
SCIEX Hartford Schroders International Stock Fund Class I	2.51%	2.74%	0.00%	1.27%	1.37%	1.95%	0.32%	1.22%	8.64%	1.18%	1.77%	1.24%

Frequently Asked Questions

Can I hold both SCIEX and HLMIX in my portfolio?

With a correlation of 0.93, SCIEX and HLMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCIEX or HLMIX?

HLMIX has higher volatility (5.75%) compared to SCIEX (5.62%). In terms of maximum drawdown, SCIEX dropped -60.26% vs HLMIX's -58.03%.

Which has better risk-adjusted returns?

HLMIX currently has the higher Sharpe Ratio (2.03 vs 1.24), 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.