The Hartford Correlations

HWDFX Fund

USD 10.20 0.01 0.1%

The current 90-days correlation between Hartford World and Pace Large Growth is 0.12 (i.e., Average 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

Good diversification

The correlation between The Hartford World and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford World 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 World. 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 census.

Moving together with The Mutual Fund

0.88	FGBRX	Templeton Global Bond	Pair Corr
0.89	FBNRX	Templeton Global Bond	Pair Corr
0.98	RCWBX	Capital World Bond	Pair Corr
0.98	CCWFX	Capital World Bond	Pair Corr
0.98	CCWCX	Capital World Bond	Pair Corr
0.98	RCWEX	Capital World Bond	Pair Corr
0.98	CCWEX	Capital World Bond	Pair Corr
0.98	RCWCX	Capital World Bond	Pair Corr
0.98	RCWGX	Capital World Bond	Pair Corr
0.98	RCWFX	Capital World Bond	Pair Corr
0.68	BRUFX	Bruce Fund Bruce	Pair Corr
0.62	SPGSX	State Street Premier	Pair Corr
0.82	KF	Korea Closed	Pair Corr

Moving against The Mutual Fund

0.72

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	PLAAX	PRUFX	GETFX	HIGCX	NEAIX	AUERX	CHASX
PLAAX		0.98	0.98	0.98	0.98	0.96	0.99	PLAAX
PRUFX	0.98		0.99	0.97	0.99	0.96	0.98	PRUFX
GETFX	0.98	0.99		0.98	0.99	0.97	0.98	GETFX
HIGCX	0.98	0.97	0.98		0.97	0.96	0.99	HIGCX
NEAIX	0.98	0.99	0.99	0.97		0.97	0.98	NEAIX
AUERX	0.96	0.96	0.97	0.96	0.97		0.97	AUERX
CHASX	0.99	0.98	0.98	0.99	0.98	0.97		CHASX
	PLAAX	PRUFX	GETFX	HIGCX	NEAIX	AUERX	CHASX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
PLAAX	0.63	0.29	0.06	(1.43)	0.36	(0.74)	1.94	(0.89)	4.32
PRUFX	0.77	0.15	0.17	0.37	0.39	(0.96)	2.40	(1.15)	5.41
GETFX	0.45	0.08	0.01	0.32	0.19	(0.54)	1.50	(0.82)	3.26
HIGCX	0.53	0.22	(0.01)	(1.41)	0.39	(0.63)	1.49	(0.82)	3.96
NEAIX	1.03	0.27	0.25	0.45	0.57	(1.21)	3.02	(2.10)	6.61
AUERX	0.62	0.15	0.06	0.53	0.30	(0.73)	1.48	(1.13)	3.03
CHASX	0.69	0.36	0.13	(1.56)	0.23	(0.85)	2.04	(1.22)	4.14

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC