The Hartford Correlations

HBLIX Fund

USD 14.55 0.06 0.41%

The current 90-days correlation between Hartford Balanced and Voya High Yield is 0.39 (i.e., Weak diversification). The correlation of The Hartford is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

The Hartford Correlation With Market

Very weak diversification

The correlation between The Hartford Balanced and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Balanced and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hartford Balanced. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with The Mutual Fund

0.63	HHHCX	Hartford Schroders	Pair Corr
0.62	HHHFX	Hartford Schroders	Pair Corr
0.63	HHHRX	Hartford Schroders	Pair Corr
0.62	HHHSX	Hartford Schroders	Pair Corr
0.62	HHHYX	Hartford Schroders	Pair Corr
0.65	HHMCX	The Hartford Municipal	Pair Corr
0.76	HIABX	Hartford Total Return	Pair Corr
0.69	HIACX	Hartford Capital App	Pair Corr
0.89	HIADX	Hartford Dividend And	Pair Corr
0.87	HIBSX	Hartford Stock Hls	Pair Corr
0.75	HIAHX	Hartford Healthcare Hls	Pair Corr
0.65	HIASX	Hartford Small Pany	Pair Corr
0.7	HIBCX	Hartford Capital App	Pair Corr
0.61	HILAX	Hartford Interna	Pair Corr

Moving against The Mutual Fund

0.49	HGOAX	Hartford Growth	Pair Corr
0.44	HGOFX	Hartford Growth	Pair Corr
0.44	HGOVX	Hartford Growth	Pair Corr
0.43	HGOIX	Hartford Growth	Pair Corr
0.43	HGORX	Hartford Growth	Pair Corr
0.43	HGOSX	Hartford Growth	Pair Corr
0.43	HGOTX	Hartford Growth Oppo	Pair Corr
0.43	HGOYX	Hartford Growth	Pair Corr
0.43	HGOCX	Hartford Growth	Pair Corr

Related Correlations Analysis

	IPIMX	CYBAX	JDHYX	LSYFX	FHTIX	JYHRX	TIYRX
IPIMX		0.99	0.98	0.96	0.98	0.94	0.99	IPIMX
CYBAX	0.99		0.98	0.94	0.99	0.94	0.99	CYBAX
JDHYX	0.98	0.98		0.94	0.97	0.93	0.97	JDHYX
LSYFX	0.96	0.94	0.94		0.94	0.91	0.96	LSYFX
FHTIX	0.98	0.99	0.97	0.94		0.94	0.98	FHTIX
JYHRX	0.94	0.94	0.93	0.91	0.94		0.95	JYHRX
TIYRX	0.99	0.99	0.97	0.96	0.98	0.95		TIYRX
	IPIMX	CYBAX	JDHYX	LSYFX	FHTIX	JYHRX	TIYRX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze The Hartford's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IPIMX	0.14	0.02	(0.30)	1.07	(0.19)	0.35	(0.23)	1.15
CYBAX	0.12	0.01	(0.42)	0.37	(0.14)	0.37	(0.24)	0.97
JDHYX	0.15	0.01	(0.26)	0.38	(0.22)	0.27	(0.41)	1.37
LSYFX	0.14	0.02	(0.28)	0.39	(0.23)	0.52	(0.20)	1.43
FHTIX	0.16	0.02	(0.23)	0.46	(0.27)	0.47	(0.31)	1.10
JYHRX	0.13	0.01	(0.31)	0.25	(0.19)	0.31	(0.30)	1.07
TIYRX	0.14	0.02	(0.27)	0.49	(0.20)	0.46	(0.23)	1.14

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