Hartford International Correlations

HDVSX Fund

USD 12.21 0.02 0.16%

The current 90-days correlation between Hartford International and Sit Government Securities is 0.25 (i.e., Modest diversification). The correlation of Hartford International 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 International Correlation With Market

Significant diversification

The correlation between Hartford International Equity and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hartford International 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 Hartford International 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 Hartford Mutual Fund

0.9	HHHCX	Hartford Schroders	Pair Corr
0.89	HHHFX	Hartford Schroders	Pair Corr
0.89	HHHRX	Hartford Schroders	Pair Corr
0.89	HHHSX	Hartford Schroders	Pair Corr
0.89	HHHTX	Hartford Schroders	Pair Corr
0.89	HHHYX	Hartford Schroders	Pair Corr
0.79	HIABX	Hartford Total Return	Pair Corr
0.63	HIBSX	Hartford Stock Hls	Pair Corr
0.86	HIAHX	Hartford Healthcare Hls	Pair Corr
0.86	HIAOX	Hartford International	Pair Corr
0.93	HILAX	Hartford International	Pair Corr

Moving against Hartford Mutual Fund

0.69	HGOFX	Hartford Growth	Pair Corr
0.69	HGOSX	Hartford Growth	Pair Corr
0.69	HGOTX	Hartford Growth Oppo	Pair Corr
0.69	HGOVX	Hartford Growth	Pair Corr
0.69	HGOYX	Hartford Growth	Pair Corr
0.68	HGOIX	Hartford Growth	Pair Corr
0.68	HGORX	Hartford Growth	Pair Corr
0.68	HGOAX	Hartford Growth	Pair Corr
0.68	HGOCX	Hartford Growth	Pair Corr
0.55	HIAGX	Hartford Disciplined	Pair Corr
0.45	HIACX	Hartford Capital App	Pair Corr
0.52	HIMCX	Hartford Midcap Hls	Pair Corr
0.47	HIASX	Hartford Small Pany	Pair Corr
0.46	HIBCX	Hartford Capital App	Pair Corr

Related Correlations Analysis

	SNGYX	FISAX	SMAAX	SWGXX	PYUSX	ICAXX	DACGX	SIGVX
SNGYX		0.73	0.86	-0.78	0.98	0.0	0.95	-0.44	SNGYX
FISAX	0.73		0.66	-0.6	0.78	0.0	0.69	0.09	FISAX
SMAAX	0.86	0.66		-0.63	0.83	0.0	0.81	-0.13	SMAAX
SWGXX	-0.78	-0.6	-0.63		-0.79	0.0	-0.73	0.54	SWGXX
PYUSX	0.98	0.78	0.83	-0.79		0.0	0.93	-0.42	PYUSX
ICAXX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ICAXX
DACGX	0.95	0.69	0.81	-0.73	0.93	0.0		-0.42	DACGX
SIGVX	-0.44	0.09	-0.13	0.54	-0.42	0.0	-0.42		SIGVX
	SNGYX	FISAX	SMAAX	SWGXX	PYUSX	ICAXX	DACGX	SIGVX

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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

PYUSX	+ 0.98	SNGYX
DACGX	+ 0.95	SNGYX
DACGX	+ 0.93	PYUSX
SMAAX	+ 0.86	SNGYX
PYUSX	+ 0.83	SMAAX
DACGX	+ 0.81	SMAAX

High negative correlations

PYUSX	- 0.79	SWGXX
SWGXX	- 0.78	SNGYX
DACGX	- 0.73	SWGXX
SWGXX	- 0.63	SMAAX
SWGXX	- 0.6	FISAX
SIGVX	- 0.44	SNGYX

Risk-Adjusted Indicators

There is a big difference between Hartford Mutual Fund performing well and Hartford International 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 International'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
SNGYX	0.17	(0.05)	0.00	(1.60)	0.00	0.29	(0.29)	1.17
FISAX	0.06	(0.02)	0.00	(1.16)	0.00	0.13	(0.13)	0.66
SMAAX	0.15	(0.04)	0.00	(1.17)	0.00	0.20	(0.39)	1.39
SWGXX	0.03	0.01	0.00	(0.27)	0.00	0.00	0.00	1.01
PYUSX	0.11	(0.03)	0.00	(1.23)	0.00	0.21	(0.21)	0.64
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DACGX	0.21	(0.06)	0.00	(2.68)	0.00	0.32	(0.48)	1.20
SIGVX	0.04	0.00	(0.30)	(0.68)	(0.16)	0.10	(0.10)	0.51

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