SMDIX vs. HBLYX

Last updated Jun 4, 2026

SMDIX (Hartford Schroders US MidCap Opportunities Fund) and HBLYX (The Hartford Balanced Income Fund) are both mutual funds - SMDIX is a Mid Cap Blend Equities fund managed by Hartford, while HBLYX is a Diversified Portfolio fund managed by Hartford. Over the past 10 years, SMDIX returned 10.81%/yr vs 6.77%/yr for HBLYX. A 0.80 correlation means they provide meaningful diversification when combined. SMDIX charges 0.89%/yr vs 0.64%/yr for HBLYX.

Performance

SMDIX vs. HBLYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders US MidCap Opportunities Fund (SMDIX) 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, SMDIX achieves a 15.46% return, which is significantly higher than HBLYX's 2.70% return. Over the past 10 years, SMDIX has outperformed HBLYX with an annualized return of 10.81%, while HBLYX has yielded a comparatively lower 6.77% annualized return.

SMDIX

• 1D: 1.15%
• 1M: 3.44%
• YTD: 15.46%
• 6M: 16.00%
• 1Y: 27.47%
• 3Y*: 15.80%
• 5Y*: 9.02%
• 10Y*: 10.81%

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)

SMDIX vs. HBLYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMDIX Hartford Schroders US MidCap Opportunities Fund	15.46%	7.45%	15.41%	12.69%	-12.44%	26.06%	9.17%	28.05%	-11.03%	15.58%
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 SMDIX and HBLYX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 1, 2006	0.80

The correlation between SMDIX and HBLYX has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.

Return for Risk

SMDIX vs. HBLYX — Risk / Return Rank

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

SMDIX

SMDIX Risk / Return Rank: 61
SMDIX Sharpe Ratio Rank: 50
SMDIX Sortino Ratio Rank: 47
SMDIX Omega Ratio Rank: 45
SMDIX Calmar Ratio Rank: 82
SMDIX Martin Ratio Rank: 79

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.

SMDIX vs. HBLYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders US MidCap Opportunities Fund (SMDIX) 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.

	SMDIX	HBLYX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.86	+0.23
Sortino ratio: Return per unit of downside risk	2.91	2.63	+0.28
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	3.85	1.93	+1.91
Martin ratio: Return relative to average drawdown	14.90	7.14	+7.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMDIX vs. HBLYX - Sharpe Ratio Comparison

The current SMDIX Sharpe Ratio is 2.09, which is comparable to the HBLYX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SMDIX 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

	SMDIX	HBLYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.86	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.60	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.81	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.82	-0.29

Drawdowns

SMDIX vs. HBLYX - Drawdown Comparison

The maximum SMDIX drawdown since its inception was -48.26%, which is greater than HBLYX's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for SMDIX and HBLYX.

Drawdown Indicators

	SMDIX	HBLYX	Difference
Max Drawdown Largest peak-to-trough decline	-48.26%	-31.36%	-16.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-5.59%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-7.71%	-12.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.87%	-15.92%	-4.95%
Max Drawdown (10Y) Largest decline over 10 years	-40.70%	-23.19%	-17.51%
Current Drawdown Current decline from peak	0.00%	-1.24%	+1.24%
Average Drawdown Average peak-to-trough decline	-6.46%	-3.10%	-3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.51%	+0.40%

Volatility

SMDIX vs. HBLYX - Volatility Comparison

Hartford Schroders US MidCap Opportunities Fund (SMDIX) has a higher volatility of 3.20% compared to The Hartford Balanced Income Fund (HBLYX) at 1.62%. This indicates that SMDIX'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

	SMDIX	HBLYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	1.62%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	4.50%	+5.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	5.83%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	7.96%	+8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	8.39%	+9.58%

SMDIX vs. HBLYX - Expense Ratio Comparison

SMDIX has a 0.89% expense ratio, which is higher than HBLYX's 0.64% expense ratio.

Dividends

SMDIX vs. HBLYX - Dividend Comparison

SMDIX's dividend yield for the trailing twelve months is around 8.54%, more 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%
SMDIX Hartford Schroders US MidCap Opportunities Fund	8.54%	9.86%	8.53%	1.69%	3.28%	15.04%	0.32%	0.91%	2.45%	1.51%	1.72%	11.55%

Frequently Asked Questions

Can I hold both SMDIX and HBLYX in my portfolio?

SMDIX and HBLYX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMDIX or HBLYX?

SMDIX has higher volatility (3.20%) compared to HBLYX (1.62%). In terms of maximum drawdown, SMDIX dropped -48.26% vs HBLYX's -31.36%.

Which has better risk-adjusted returns?

SMDIX currently has the higher Sharpe Ratio (2.09 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.