CFICX vs. HFSI
CFICX (Calvert Income Fund) and HFSI (Hartford Strategic Income ETF) are both funds - CFICX is a Corporate Bonds fund managed by Calvert Research and Management, while HFSI is a Multisector Bonds fund actively managed by Hartford. Over the past 3 years, CFICX returned 6.00%/yr vs 8.18%/yr for HFSI. Their correlation of 0.81 suggests significant overlap in exposure. CFICX charges 0.92%/yr vs 0.49%/yr for HFSI.
Performance
CFICX vs. HFSI - Performance Comparison
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Returns By Period
In the year-to-date period, CFICX achieves a 0.45% return, which is significantly lower than HFSI's 1.47% return.
CFICX
- 1D
- 0.13%
- 1M
- 0.97%
- YTD
- 0.45%
- 6M
- 0.99%
- 1Y
- 5.59%
- 3Y*
- 6.00%
- 5Y*
- 0.74%
- 10Y*
- 2.96%
HFSI
- 1D
- -0.32%
- 1M
- 0.84%
- YTD
- 1.47%
- 6M
- 1.57%
- 1Y
- 7.69%
- 3Y*
- 8.18%
- 5Y*
- —
- 10Y*
- —
CFICX vs. HFSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | 0.45% | 8.94% | 4.11% | 7.61% | -16.07% | -0.86% |
HFSI Hartford Strategic Income ETF | 1.47% | 9.56% | 7.91% | 9.91% | -12.60% | -1.24% |
Correlation
The correlation between CFICX and HFSI is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.81 |
The correlation between CFICX and HFSI has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
CFICX vs. HFSI — Risk / Return Rank
CFICX
HFSI
CFICX vs. HFSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Income Fund (CFICX) and Hartford Strategic Income ETF (HFSI). 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.
| CFICX | HFSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.52 | -0.68 |
| Martin ratioReturn relative to average drawdown | 5.89 | 10.09 | -4.20 |
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Drawdowns
CFICX vs. HFSI - Drawdown Comparison
The maximum CFICX drawdown since its inception was -21.28%, which is greater than HFSI's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for CFICX and HFSI.
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Drawdown Indicators
| CFICX | HFSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.28% | -19.34% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.08% | -3.06% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -5.11% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.28% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.35% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -5.66% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.76% | +0.20% |
Volatility
CFICX vs. HFSI - Volatility Comparison
Calvert Income Fund (CFICX) has a higher volatility of 1.33% compared to Hartford Strategic Income ETF (HFSI) at 1.04%. This indicates that CFICX's price experiences larger fluctuations and is considered to be riskier than HFSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFICX | HFSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.04% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 2.64% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.58% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 4.96% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.22% | 4.96% | +0.26% |
CFICX vs. HFSI - Expense Ratio Comparison
CFICX has a 0.92% expense ratio, which is higher than HFSI's 0.49% expense ratio.
Dividends
CFICX vs. HFSI - Dividend Comparison
CFICX's dividend yield for the trailing twelve months is around 4.75%, less than HFSI's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFICX Calvert Income Fund | 4.75% | 4.86% | 4.91% | 4.05% | 3.22% | 2.70% | 2.96% | 3.25% | 3.60% | 2.96% | 3.23% | 2.87% |
HFSI Hartford Strategic Income ETF | 5.54% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CFICX and HFSI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFICX has higher volatility (1.33%) compared to HFSI (1.04%). In terms of maximum drawdown, CFICX dropped -21.28% vs HFSI's -19.34%.
HFSI currently has the higher Sharpe Ratio (2.16 vs 1.54), 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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