The Hartford Correlations

HQISX Fund

USD 22.81 0.14 0.61%

The current 90-days correlation between Hartford Equity and Invesco Developing Markets is 0.31 (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

Almost no diversification

The correlation between The Hartford Equity and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Equity 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 Equity. 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 state.

Moving together with The Mutual Fund

0.94	HGOVX	Hartford Growth	Pair Corr
0.94	HGOCX	Hartford Growth	Pair Corr
0.94	HQIAX	Hartford Equity	Pair Corr
0.93	HSCYX	Hartford Small	Pair Corr
0.94	VVIAX	Vanguard Value Index	Pair Corr
0.91	DOXGX	Dodge Cox Stock	Pair Corr
0.96	AFMFX	American Mutual	Pair Corr
0.91	FFMMX	American Funds American	Pair Corr
0.91	FFFMX	American Funds American	Pair Corr
0.96	AMRMX	American Mutual	Pair Corr
0.91	AMFFX	American Mutual	Pair Corr
0.9	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.99	VIVAX	Vanguard Value Index	Pair Corr
0.85	FTCAX	Templeton Strained Bond	Pair Corr
0.79	PYAIX	Payden Absolute Return	Pair Corr
0.79	PYARX	Payden Absolute Return	Pair Corr
0.85	BCAAX	Brandywineglobal C	Pair Corr
0.92	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.94	AXP	American Express Sell-off Trend	Pair Corr
0.88	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.82	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Moving against The Mutual Fund

0.92	USPSX	Profunds Ultrashort	Pair Corr
0.92	USPIX	Profunds Ultrashort	Pair Corr
0.65	HIAHX	Hartford Healthcare Hls	Pair Corr
0.65	HBGHX	Hartford Healthcare Hls	Pair Corr
0.65	HGHYX	The Hartford Healthcare	Pair Corr
0.51	HLDTX	Hartford Emerging	Pair Corr
0.96	UIPIX	Ultrashort Mid Cap	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.58	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.54	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	GTDYX	DPFFX	MFEIX	HBLIX	AIIYX
GTDYX		0.27	-0.05	0.33	0.77	GTDYX
DPFFX	0.27		-0.69	0.08	0.66	DPFFX
MFEIX	-0.05	-0.69		0.56	-0.47	MFEIX
HBLIX	0.33	0.08	0.56		0.17	HBLIX
AIIYX	0.77	0.66	-0.47	0.17		AIIYX
	GTDYX	DPFFX	MFEIX	HBLIX	AIIYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AIIYX	+ 0.77	GTDYX
AIIYX	+ 0.66	DPFFX
HBLIX	+ 0.56	MFEIX
HBLIX	+ 0.33	GTDYX
DPFFX	+ 0.27	GTDYX
AIIYX	+ 0.17	HBLIX

High negative correlations

MFEIX	- 0.69	DPFFX
AIIYX	- 0.47	MFEIX
MFEIX	- 0.05	GTDYX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GTDYX	0.66	(0.06)	0.00	(0.07)	0.00	0.00	1.86	(1.54)	4.14
DPFFX	0.22	(0.01)	(0.37)	(0.22)	0.26	(0.29)	0.39	(0.52)	1.31
MFEIX	0.66	0.12	0.00	(2.88)	0.91	(0.63)	1.39	(1.87)	4.95
HBLIX	0.26	(0.01)	(0.27)	0.09	0.24	(0.28)	0.53	(0.40)	1.52
AIIYX	0.63	(0.14)	0.00	(0.12)	0.00	0.00	1.04	(1.79)	4.11

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