BRW vs. HSNIX
BRW (Saba Capital Income & Opportunities Fund) and HSNIX (The Hartford Strategic Income Fund) are both Multisector Bonds funds. Over the past 5 years, BRW returned 6.41%/yr vs 2.10%/yr for HSNIX. At a 0.16 correlation, their price movements are largely independent. BRW charges 1.71%/yr vs 0.64%/yr for HSNIX.
Performance
BRW vs. HSNIX - Performance Comparison
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Returns By Period
In the year-to-date period, BRW achieves a 0.83% return, which is significantly lower than HSNIX's 1.32% return.
BRW
- 1D
- -0.30%
- 1M
- -2.31%
- YTD
- 0.83%
- 6M
- 1.70%
- 1Y
- -3.55%
- 3Y*
- 9.33%
- 5Y*
- 6.41%
- 10Y*
- —
HSNIX
- 1D
- 0.38%
- 1M
- 0.78%
- YTD
- 1.32%
- 6M
- 1.20%
- 1Y
- 6.75%
- 3Y*
- 7.06%
- 5Y*
- 2.10%
- 10Y*
- 4.51%
BRW vs. HSNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 0.83% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
HSNIX The Hartford Strategic Income Fund | 1.32% | 8.00% | 6.81% | 9.40% | -12.77% | 0.58% |
Correlation
The correlation between BRW and HSNIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.16 |
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Return for Risk
BRW vs. HSNIX — Risk / Return Rank
BRW
HSNIX
BRW vs. HSNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Saba Capital Income & Opportunities Fund (BRW) and The Hartford Strategic Income Fund (HSNIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BRW | HSNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.40 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.06 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.35 | 8.53 | -8.88 |
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Drawdowns
BRW vs. HSNIX - Drawdown Comparison
The maximum BRW drawdown since its inception was -17.74%, smaller than the maximum HSNIX drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for BRW and HSNIX.
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Drawdown Indicators
| BRW | HSNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -23.39% | +5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -17.74% | -3.35% | -14.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -5.13% | -12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -19.44% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.44% | — |
Current DrawdownCurrent decline from peak | -11.15% | -0.13% | -11.02% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -3.12% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.21% | 0.81% | +9.40% |
Volatility
BRW vs. HSNIX - Volatility Comparison
Saba Capital Income & Opportunities Fund (BRW) has a higher volatility of 4.39% compared to The Hartford Strategic Income Fund (HSNIX) at 1.06%. This indicates that BRW's price experiences larger fluctuations and is considered to be riskier than HSNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRW | HSNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 1.06% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 2.73% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 3.42% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.94% | 4.74% | +8.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 4.59% | +8.31% |
BRW vs. HSNIX - Expense Ratio Comparison
BRW has a 1.71% expense ratio, which is higher than HSNIX's 0.64% expense ratio.
Dividends
BRW vs. HSNIX - Dividend Comparison
BRW's dividend yield for the trailing twelve months is around 15.54%, more than HSNIX's 6.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.54% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HSNIX The Hartford Strategic Income Fund | 6.21% | 5.29% | 5.31% | 5.87% | 4.73% | 4.40% | 4.09% | 4.32% | 6.82% | 6.21% | 5.00% | 4.65% |
Frequently Asked Questions
BRW and HSNIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.39%) compared to HSNIX (1.06%). In terms of maximum drawdown, BRW dropped -17.74% vs HSNIX's -23.39%.
HSNIX currently has the higher Sharpe Ratio (2.03 vs -0.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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