FSIGX vs. HSDAX

Last updated Jun 4, 2026

FSIGX (Fidelity Series Investment Grade Bond Fund) and HSDAX (Hartford Short Duration Fund) are both mutual funds - FSIGX is a fund fund managed by Fidelity, while HSDAX is a Short-Term Bond fund managed by Hartford. Over the past 10 years, FSIGX returned 2.40%/yr vs 2.59%/yr for HSDAX. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

FSIGX vs. HSDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Investment Grade Bond Fund (FSIGX) and Hartford Short Duration Fund (HSDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSIGX achieves a 0.57% return, which is significantly lower than HSDAX's 0.92% return. Over the past 10 years, FSIGX has underperformed HSDAX with an annualized return of 2.40%, while HSDAX has yielded a comparatively higher 2.59% annualized return.

FSIGX

• 1D: 0.10%
• 1M: 0.47%
• YTD: 0.57%
• 6M: 0.33%
• 1Y: 5.60%
• 3Y*: 4.63%
• 5Y*: 0.68%
• 10Y*: 2.40%

HSDAX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 0.92%
• 6M: 1.28%
• 1Y: 4.57%
• 3Y*: 5.37%
• 5Y*: 2.46%
• 10Y*: 2.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSIGX vs. HSDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSIGX Fidelity Series Investment Grade Bond Fund	0.57%	7.65%	1.79%	6.82%	-13.30%	-0.67%	9.71%	9.75%	-0.15%	4.39%
HSDAX Hartford Short Duration Fund	0.92%	6.10%	5.03%	6.14%	-5.04%	-0.05%	3.80%	6.08%	0.36%	2.18%

Correlation

The correlation between FSIGX and HSDAX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 16, 2008	0.64

The correlation between FSIGX and HSDAX shifts across timeframes, from 0.64 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FSIGX vs. HSDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSIGX

FSIGX Risk / Return Rank: 23
FSIGX Sharpe Ratio Rank: 23
FSIGX Sortino Ratio Rank: 25
FSIGX Omega Ratio Rank: 22
FSIGX Calmar Ratio Rank: 25
FSIGX Martin Ratio Rank: 21

HSDAX

HSDAX Risk / Return Rank: 82
HSDAX Sharpe Ratio Rank: 66
HSDAX Sortino Ratio Rank: 93
HSDAX Omega Ratio Rank: 89
HSDAX Calmar Ratio Rank: 77
HSDAX Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSIGX vs. HSDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Bond Fund (FSIGX) and Hartford Short Duration Fund (HSDAX). 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.

	FSIGX	HSDAX	Difference
Sharpe ratio Return per unit of total volatility	1.39	2.38	-0.99
Sortino ratio Return per unit of downside risk	2.08	4.71	-2.62
Omega ratio Gain probability vs. loss probability	1.25	1.63	-0.38
Calmar ratio Return relative to maximum drawdown	1.88	3.48	-1.60
Martin ratio Return relative to average drawdown	5.53	15.79	-10.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSIGX vs. HSDAX - Sharpe Ratio Comparison

The current FSIGX Sharpe Ratio is 1.39, which is lower than the HSDAX Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of FSIGX and HSDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSIGX	HSDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	2.38	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	1.12	-1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	1.15	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	1.30	-0.43

Drawdowns

FSIGX vs. HSDAX - Drawdown Comparison

The maximum FSIGX drawdown since its inception was -18.22%, which is greater than HSDAX's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for FSIGX and HSDAX.

Drawdown Indicators

	FSIGX	HSDAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.22%	-10.19%	-8.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.99%	-1.32%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-6.11%	-1.32%	-4.79%
Max Drawdown (5Y) Largest decline over 5 years	-18.22%	-7.63%	-10.59%
Max Drawdown (10Y) Largest decline over 10 years	-18.22%	-10.19%	-8.03%
Current Drawdown Current decline from peak	-1.46%	-0.10%	-1.36%
Average Drawdown Average peak-to-trough decline	-2.69%	-0.68%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.29%	+0.72%

Volatility

FSIGX vs. HSDAX - Volatility Comparison

Fidelity Series Investment Grade Bond Fund (FSIGX) has a higher volatility of 1.39% compared to Hartford Short Duration Fund (HSDAX) at 0.64%. This indicates that FSIGX's price experiences larger fluctuations and is considered to be riskier than HSDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSIGX	HSDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	0.64%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	1.47%	+1.38%
Volatility (1Y) Calculated over the trailing 1-year period	4.07%	1.93%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.07%	2.20%	+3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	2.27%	+2.76%

Dividends

FSIGX vs. HSDAX - Dividend Comparison

FSIGX's dividend yield for the trailing twelve months is around 4.28%, less than HSDAX's 4.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSIGX Fidelity Series Investment Grade Bond Fund	4.28%	4.24%	4.01%	4.00%	2.37%	1.88%	6.32%	3.09%	3.20%	2.86%	4.32%	3.07%
HSDAX Hartford Short Duration Fund	4.38%	4.26%	3.43%	2.71%	2.03%	1.36%	2.08%	2.60%	2.55%	2.27%	1.74%	1.67%

Frequently Asked Questions

Can I hold both FSIGX and HSDAX in my portfolio?

FSIGX and HSDAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSIGX or HSDAX?

FSIGX has higher volatility (1.39%) compared to HSDAX (0.64%). In terms of maximum drawdown, FSIGX dropped -18.22% vs HSDAX's -10.19%.

Which has better risk-adjusted returns?

HSDAX currently has the higher Sharpe Ratio (2.38 vs 1.39), 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.