EMHC vs. HFSI
EMHC (SPDR Bloomberg Emerging Markets USD Bond ETF) and HFSI (Hartford Strategic Income ETF) are both exchange-traded funds - EMHC is a Emerging Markets Bonds fund tracking the Bloomberg Emerging USD Bond Core Index - Benchmark TR Net, while HFSI is a Multisector Bonds fund actively managed by Hartford. EMHC is passively managed, while HFSI is actively managed. Over the past 3 years, EMHC returned 8.74%/yr vs 8.37%/yr for HFSI. A 0.74 correlation means they provide meaningful diversification when combined. EMHC charges 0.23%/yr vs 0.49%/yr for HFSI.
Performance
EMHC vs. HFSI - Performance Comparison
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Returns By Period
In the year-to-date period, EMHC achieves a 1.57% return, which is significantly higher than HFSI's 1.38% return.
EMHC
- 1D
- -0.32%
- 1M
- 1.13%
- YTD
- 1.57%
- 6M
- 1.74%
- 1Y
- 11.54%
- 3Y*
- 8.74%
- 5Y*
- 1.55%
- 10Y*
- —
HFSI
- 1D
- -0.20%
- 1M
- 0.87%
- YTD
- 1.38%
- 6M
- 1.51%
- 1Y
- 8.47%
- 3Y*
- 8.37%
- 5Y*
- —
- 10Y*
- —
EMHC vs. HFSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 1.57% | 14.07% | 3.52% | 10.06% | -17.75% | -1.78% |
HFSI Hartford Strategic Income ETF | 1.38% | 9.56% | 7.91% | 9.91% | -12.60% | -1.57% |
Correlation
The correlation between EMHC and HFSI is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.74 |
The correlation between EMHC and HFSI has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
EMHC vs. HFSI — Risk / Return Rank
EMHC
HFSI
EMHC vs. HFSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) 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.
| EMHC | HFSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.78 | -0.13 |
| Martin ratioReturn relative to average drawdown | 11.09 | 11.13 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMHC | HFSI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.37 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.55 | -0.33 |
Drawdowns
EMHC vs. HFSI - Drawdown Comparison
The maximum EMHC drawdown since its inception was -28.03%, which is greater than HFSI's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for EMHC and HFSI.
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Drawdown Indicators
| EMHC | HFSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -19.34% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.37% | -3.06% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -5.11% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.20% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -5.72% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.76% | +0.28% |
Volatility
EMHC vs. HFSI - Volatility Comparison
SPDR Bloomberg Emerging Markets USD Bond ETF (EMHC) has a higher volatility of 1.89% compared to Hartford Strategic Income ETF (HFSI) at 1.13%. This indicates that EMHC'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
| EMHC | HFSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.89% | 1.13% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 2.52% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 3.58% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.06% | 4.97% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 4.97% | +3.99% |
EMHC vs. HFSI - Expense Ratio Comparison
EMHC has a 0.23% expense ratio, which is lower than HFSI's 0.49% expense ratio.
Dividends
EMHC vs. HFSI - Dividend Comparison
EMHC's dividend yield for the trailing twelve months is around 6.11%, more than HFSI's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMHC SPDR Bloomberg Emerging Markets USD Bond ETF | 6.11% | 6.16% | 5.95% | 5.12% | 5.11% | 2.97% |
HFSI Hartford Strategic Income ETF | 5.54% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% |
Frequently Asked Questions
EMHC and HFSI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMHC has higher volatility (1.89%) compared to HFSI (1.13%). In terms of maximum drawdown, EMHC dropped -28.03% vs HFSI's -19.34%.
On 3-year performance, EMHC leads with 8.74% vs 8.37% for HFSI. On fees, EMHC is cheaper at 0.23% per year. On volatility, HFSI has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMHC has performed better with a 8.74% return vs 8.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMHC is cheaper with a 0.23% expense ratio, compared with 0.49% for HFSI.
EMHC has the higher dividend yield at 6.11%, compared with 5.54% for HFSI.
EMHC is categorized as Emerging Markets Bonds, while HFSI is Multisector Bonds. They also come from different issuers: State Street and Hartford. Their fees differ too: 0.23% for EMHC and 0.49% for HFSI.
HFSI currently has the higher Sharpe Ratio (2.37 vs 2.14), 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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