HCRB vs. BIV
HCRB (Hartford Core Bond ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both Intermediate Core Bond funds. HCRB is actively managed, while BIV is passively managed. Over the past 5 years, HCRB returned -0.36%/yr vs -0.27%/yr for BIV. Their correlation of 0.95 means they have usually moved in the same direction. HCRB charges 0.29%/yr vs 0.03%/yr for BIV.
Performance
HCRB vs. BIV - Performance Comparison
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Returns By Period
In the year-to-date period, HCRB achieves a -0.61% return, which is significantly higher than BIV's -0.93% return.
HCRB
- 1D
- -0.36%
- 1M
- -1.27%
- 6M
- -1.00%
- YTD
- -0.61%
- 1Y
- 1.92%
- 3Y*
- 4.35%
- 5Y*
- -0.36%
- 10Y*
- —
- ALL TIME*
- 0.65%
BIV
- 1D
- -0.20%
- 1M
- -1.16%
- 6M
- -0.92%
- YTD
- -0.93%
- 1Y
- 1.39%
- 3Y*
- 4.39%
- 5Y*
- -0.27%
- 10Y*
- 1.66%
- ALL TIME*
- 3.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $97.77M | $127.86M | $122.72M | |
| $906.80K | $757.94K | $1.28M |
HCRB vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HCRB Hartford Core Bond ETF | -0.61% | 7.06% | 2.23% | 6.98% | -14.61% | -1.79% | 6.87% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.93% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 7.15% |
Correlation
The correlation between HCRB and BIV is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2020 | 0.95 |
The correlation between HCRB and BIV has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
HCRB vs. BIV — Risk / Return Rank
HCRB
BIV
HCRB vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Bond ETF (HCRB) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| HCRB | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.10 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.77 | +0.23 |
| Martin ratioReturn relative to average drawdown | 2.50 | 1.84 | +0.66 |
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Drawdowns
HCRB vs. BIV - Drawdown Comparison
The maximum HCRB drawdown since its inception was -19.90%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for HCRB and BIV.
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Drawdown Indicators
| HCRB | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -18.95% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -3.18% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.17% | -5.21% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -19.40% | -18.74% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.95% | — |
Current DrawdownCurrent decline from peak | -2.63% | -2.71% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.38% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.32% | -0.20% |
Volatility
HCRB vs. BIV - Volatility Comparison
Hartford Core Bond ETF (HCRB) has a higher volatility of 1.14% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.07%. This indicates that HCRB's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCRB | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.07% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.17% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.02% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 6.40% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 5.50% | +0.41% |
HCRB vs. BIV - Expense Ratio Comparison
HCRB has a 0.29% expense ratio, which is higher than BIV's 0.03% expense ratio.
Dividends
HCRB vs. BIV - Dividend Comparison
HCRB's dividend yield for the trailing twelve months is around 4.28%, which matches BIV's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 3.93% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
HCRB Hartford Core Bond ETF | 4.28% | 4.12% | 4.15% | 3.39% | 2.18% | 1.47% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, HCRB and BIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
HCRB has higher volatility (1.14%) compared to BIV (1.07%). In terms of maximum drawdown, HCRB dropped -19.90% vs BIV's -18.95%.
On 5-year performance, BIV leads with -0.27% vs -0.36% for HCRB. On fees, BIV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIV has performed better with a -0.27% return vs -0.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.29% for HCRB.
HCRB has the higher dividend yield at 4.28%, compared with 3.93% for BIV.
They also come from different issuers: Hartford and Vanguard. Their fees differ too: 0.29% for HCRB and 0.03% for BIV.
HCRB currently has the higher Sharpe Ratio (0.75 vs 0.61), 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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