Hartford Schroders Correlations

SMDRX Fund

USD 22.19 0.01 0.04%

The current 90-days correlation between Hartford Schroders and Hartford Schroders Smallmid is 1.0 (i.e., No risk reduction). The correlation of Hartford Schroders 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.

Hartford Schroders Correlation With Market

Significant diversification

The correlation between Hartford Schroders Smallmid and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford Schroders Smallmid and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Hartford Schroders Smallmid. 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 metropolitan statistical area.

Moving together with Hartford Mutual Fund

0.99	VIMAX	Vanguard Mid Cap	Pair Corr
0.99	VIMSX	Vanguard Mid Cap	Pair Corr
0.99	VMCPX	Vanguard Mid Cap	Pair Corr
0.99	VMCIX	Vanguard Mid Cap	Pair Corr
0.99	VEXAX	Vanguard Extended Market	Pair Corr
0.99	VEMPX	Vanguard Extended Market	Pair Corr
0.89	VIEIX	Vanguard Extended Market	Pair Corr
0.99	VSEMX	Vanguard Extended Market	Pair Corr
0.99	VEXMX	Vanguard Extended Market	Pair Corr
0.89	FSMAX	Fidelity Extended Market	Pair Corr
0.77	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.91	RYVLX	Nasdaq 100 2x	Pair Corr
0.85	RYVYX	Nasdaq 100 2x	Pair Corr
0.91	UOPIX	Ultra Nasdaq 100	Pair Corr
0.91	RYCCX	Nasdaq 100 2x	Pair Corr
0.91	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.98	INPIX	Internet Ultrasector	Pair Corr
0.98	INPSX	Internet Ultrasector	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.72	WMT	Walmart Aggressive Push	Pair Corr
0.61	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.77	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Hartford Mutual Fund

0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.32	TGLDX	Tocqueville Gold	Pair Corr

Related Correlations Analysis

	SMDIX	HFDTX	HFDRX	HFDYX	SMDVX
SMDIX		0.89	1.0	0.89	0.89	SMDIX
HFDTX	0.89		0.89	1.0	1.0	HFDTX
HFDRX	1.0	0.89		0.89	0.89	HFDRX
HFDYX	0.89	1.0	0.89		1.0	HFDYX
SMDVX	0.89	1.0	0.89	1.0		SMDVX
	SMDIX	HFDTX	HFDRX	HFDYX	SMDVX

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Schroders 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 Hartford Schroders' 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
SMDIX	0.55	0.13	0.02	1.91	0.55	(0.59)	1.12	(1.12)	3.61
HFDTX	0.56	0.05	0.02	0.18	0.56	(0.59)	1.13	(1.10)	3.56
HFDRX	0.55	0.13	0.02	1.87	0.56	(0.59)	1.11	(1.10)	3.58
HFDYX	0.55	0.05	0.02	0.18	0.54	(0.57)	1.12	(1.12)	3.56
SMDVX	0.55	0.05	0.02	0.18	0.59	(0.58)	1.13	(1.16)	3.60

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