SMDIX vs. HEQFX

Last updated Jun 4, 2026

SMDIX (Hartford Schroders US MidCap Opportunities Fund) and HEQFX (Monteagle Opportunity Equity Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, SMDIX returned 10.81%/yr vs 9.58%/yr for HEQFX. Their correlation of 0.92 suggests significant overlap in exposure. SMDIX charges 0.89%/yr vs 1.71%/yr for HEQFX.

Performance

SMDIX vs. HEQFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders US MidCap Opportunities Fund (SMDIX) and Monteagle Opportunity Equity Fund (HEQFX). 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 HEQFX's 9.66% return. Over the past 10 years, SMDIX has outperformed HEQFX with an annualized return of 10.81%, while HEQFX has yielded a comparatively lower 9.58% 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%

HEQFX

• 1D: 0.59%
• 1M: 1.79%
• YTD: 9.66%
• 6M: 10.35%
• 1Y: 21.46%
• 3Y*: 13.19%
• 5Y*: 7.79%
• 10Y*: 9.58%

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

SMDIX vs. HEQFX - 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%
HEQFX Monteagle Opportunity Equity Fund	9.66%	9.63%	7.69%	13.38%	-5.43%	20.00%	12.46%	25.07%	-11.61%	10.48%

Correlation

The correlation between SMDIX and HEQFX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 4, 2006	0.92

The correlation between SMDIX and HEQFX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

Return for Risk

SMDIX vs. HEQFX — 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

HEQFX

HEQFX Risk / Return Rank: 40
HEQFX Sharpe Ratio Rank: 32
HEQFX Sortino Ratio Rank: 33
HEQFX Omega Ratio Rank: 31
HEQFX Calmar Ratio Rank: 58
HEQFX Martin Ratio Rank: 44

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. HEQFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders US MidCap Opportunities Fund (SMDIX) and Monteagle Opportunity Equity Fund (HEQFX). 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	HEQFX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.63	+0.46
Sortino ratio: Return per unit of downside risk	2.91	2.43	+0.49
Omega ratio: Gain probability vs. loss probability	1.36	1.29	+0.07
Calmar ratio: Return relative to maximum drawdown	3.85	2.93	+0.92
Martin ratio: Return relative to average drawdown	14.90	9.23	+5.67
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. HEQFX - Sharpe Ratio Comparison

The current SMDIX Sharpe Ratio is 2.09, which is comparable to the HEQFX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of SMDIX and HEQFX, 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	HEQFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.63	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.00	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.00	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.00	+0.52

Drawdowns

SMDIX vs. HEQFX - Drawdown Comparison

The maximum SMDIX drawdown since its inception was -48.26%, smaller than the maximum HEQFX drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for SMDIX and HEQFX.

Drawdown Indicators

	SMDIX	HEQFX	Difference
Max Drawdown Largest peak-to-trough decline	-48.26%	-99.11%	+50.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.40%	-7.72%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	-20.25%	-99.11%	+78.86%
Max Drawdown (5Y) Largest decline over 5 years	-20.87%	-99.11%	+78.24%
Max Drawdown (10Y) Largest decline over 10 years	-40.70%	-99.11%	+58.41%
Current Drawdown Current decline from peak	0.00%	-98.76%	+98.76%
Average Drawdown Average peak-to-trough decline	-6.46%	-10.96%	+4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.44%	-0.53%

Volatility

SMDIX vs. HEQFX - Volatility Comparison

Hartford Schroders US MidCap Opportunities Fund (SMDIX) and Monteagle Opportunity Equity Fund (HEQFX) have volatilities of 3.20% and 3.20%, 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

	SMDIX	HEQFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	3.20%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	9.59%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.63%	13.89%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	4,122.31%	-4,106.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	2,914.93%	-2,896.96%

SMDIX vs. HEQFX - Expense Ratio Comparison

SMDIX has a 0.89% expense ratio, which is lower than HEQFX's 1.71% expense ratio.

Dividends

SMDIX vs. HEQFX - Dividend Comparison

SMDIX's dividend yield for the trailing twelve months is around 8.54%, less than HEQFX's 9.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HEQFX Monteagle Opportunity Equity Fund	9.96%	10.97%	4.78%	30.44%	6.65%	27.15%	0.68%	7.39%	7.07%	10.68%	12.44%	62.20%
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 HEQFX in my portfolio?

SMDIX and HEQFX have a correlation of 0.88, 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 HEQFX?

HEQFX has higher volatility (3.20%) compared to SMDIX (3.20%). In terms of maximum drawdown, SMDIX dropped -48.26% vs HEQFX's -99.11%.

Which has better risk-adjusted returns?

SMDIX currently has the higher Sharpe Ratio (2.09 vs 1.63), 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.