Hartford Dividend Correlations

HDGIX Fund

USD 38.04 0.10 0.26%

The current 90-days correlation between Hartford Dividend and Vanguard Developed Markets is 0.55 (i.e., Very weak diversification). The correlation of Hartford Dividend 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 Dividend Correlation With Market

Almost no diversification

The correlation between The Hartford Dividend and DJI is 0.92 (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 Dividend 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 Dividend. 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 Hartford Mutual Fund

0.92	HGOFX	Hartford Growth	Pair Corr
0.92	HGOIX	Hartford Growth	Pair Corr
0.92	HGORX	Hartford Growth	Pair Corr
0.92	HGOSX	Hartford Growth	Pair Corr
0.92	HGOTX	Hartford Growth Oppo	Pair Corr
0.92	HGOVX	Hartford Growth	Pair Corr
0.92	HGOYX	Hartford Growth	Pair Corr
0.92	HGOAX	Hartford Growth	Pair Corr
0.92	HGOCX	Hartford Growth	Pair Corr
0.61	HGXFX	Hartford Global Impact	Pair Corr
0.61	HGXVX	Hartford Global Impact	Pair Corr
0.96	HIACX	Hartford Capital App	Pair Corr
1.0	HIADX	Hartford Dividend And	Pair Corr
0.96	HIAGX	Hartford Disciplined	Pair Corr
0.9	HIASX	Hartford Small Pany	Pair Corr
0.96	HIBCX	Hartford Capital App	Pair Corr
0.92	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against Hartford Mutual Fund

0.63	HIABX	Hartford Total Return	Pair Corr
0.57	HIAHX	Hartford Healthcare Hls	Pair Corr
0.49	HIPCX	The Hartford Inflation	Pair Corr
0.47	HIPAX	The Hartford Inflation	Pair Corr
0.39	HILCX	Hartford Interna	Pair Corr
0.38	HILAX	Hartford Interna	Pair Corr
0.38	HILRX	Hartford Interna	Pair Corr

Related Correlations Analysis

	VTMNX	SMQFX	REMVX	EMSLX	AMTOX	DBELX	GAGPX
VTMNX		0.41	0.61	0.54	0.36	0.91	0.59	VTMNX
SMQFX	0.41		0.95	0.96	0.89	0.27	0.95	SMQFX
REMVX	0.61	0.95		0.97	0.79	0.46	0.99	REMVX
EMSLX	0.54	0.96	0.97		0.8	0.42	0.97	EMSLX
AMTOX	0.36	0.89	0.79	0.8		0.28	0.78	AMTOX
DBELX	0.91	0.27	0.46	0.42	0.28		0.41	DBELX
GAGPX	0.59	0.95	0.99	0.97	0.78	0.41		GAGPX
	VTMNX	SMQFX	REMVX	EMSLX	AMTOX	DBELX	GAGPX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford Dividend 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 Dividend'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
VTMNX	0.64	(0.12)	0.00	(0.12)	0.00	0.00	1.19	(1.55)	3.94
SMQFX	0.59	(0.04)	(0.15)	0.00	0.76	(0.60)	1.27	(1.33)	3.52
REMVX	0.85	(0.07)	0.00	(0.05)	0.00	0.00	1.74	(2.04)	6.85
EMSLX	0.75	(0.09)	0.00	(0.28)	0.00	0.00	1.76	(2.14)	6.36
AMTOX	0.46	(0.01)	(0.14)	0.11	0.54	(0.53)	1.00	(1.08)	2.38
DBELX	0.33	(0.05)	0.00	(1.19)	0.00	0.00	0.56	(0.67)	1.87
GAGPX	0.69	(0.08)	0.00	(0.07)	0.00	0.00	1.43	(1.84)	5.18

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