HCRB vs. HSRT

Last updated Jun 3, 2026

HCRB (Hartford Core Bond ETF) and HSRT (Hartford AAA CLO ETF) are both exchange-traded funds - HCRB is a Intermediate Core Bond fund actively managed by Hartford, while HSRT is a CLO fund tracking the JP Morgan CLOIE AAA Index. HCRB is actively managed, while HSRT is passively managed. At a 0.36 correlation, their price movements are largely independent. HCRB charges 0.29%/yr vs 0.24%/yr for HSRT.

Performance

HCRB vs. HSRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Core Bond ETF (HCRB) and Hartford AAA CLO ETF (HSRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HCRB

• 1D: -0.03%
• 1M: 0.19%
• YTD: 0.41%
• 6M: 0.45%
• 1Y: 5.49%
• 3Y*: 4.50%
• 5Y*: 0.25%
• 10Y*: —

HSRT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HCRB vs. HSRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HCRB Hartford Core Bond ETF	0.41%	7.06%	2.23%	6.98%	-14.61%	-1.79%	6.78%
HSRT Hartford AAA CLO ETF	0.00%	0.60%	6.44%	7.52%	-4.40%	0.58%	3.00%

Correlation

The correlation between HCRB and HSRT is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 21, 2020	0.36

The correlation between HCRB and HSRT shifts across timeframes, from 0.21 (3 years) to 0.39 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HCRB vs. HSRT — Risk / Return Rank

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

HCRB

HCRB Risk / Return Rank: 39
HCRB Sharpe Ratio Rank: 41
HCRB Sortino Ratio Rank: 42
HCRB Omega Ratio Rank: 39
HCRB Calmar Ratio Rank: 37
HCRB Martin Ratio Rank: 35

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.

HCRB vs. HSRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Core Bond ETF (HCRB) and Hartford AAA CLO ETF (HSRT). 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.

	HCRB	HSRT	Difference
Sharpe ratio Return per unit of total volatility	1.45	—	—
Sortino ratio Return per unit of downside risk	2.16	—	—
Omega ratio Gain probability vs. loss probability	1.26	—	—
Calmar ratio Return relative to maximum drawdown	1.85	—	—
Martin ratio Return relative to average drawdown	5.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HCRB	HSRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	—	—

Drawdowns

Drawdown Indicators

	HCRB	HSRT	Difference
Max Drawdown Largest peak-to-trough decline	-19.90%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.42%	—	—
Current Drawdown Current decline from peak	-1.63%	—	—
Average Drawdown Average peak-to-trough decline	-7.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	—	—

Volatility

Volatility by Period

	HCRB	HSRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.96%	—	—

HCRB vs. HSRT - Expense Ratio Comparison

HCRB has a 0.29% expense ratio, which is higher than HSRT's 0.24% expense ratio.

Dividends

HCRB vs. HSRT - Dividend Comparison

HCRB's dividend yield for the trailing twelve months is around 4.18%, while HSRT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HCRB Hartford Core Bond ETF	4.18%	4.12%	4.15%	3.39%	2.18%	1.47%	1.81%	0.00%	0.00%
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%

Frequently Asked Questions

Can I hold both HCRB and HSRT in my portfolio?

HCRB and HSRT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HCRB or HSRT?

On fees, HSRT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HCRB or HSRT?

HSRT is cheaper with a 0.24% expense ratio, compared with 0.29% for HCRB.

Which ETF pays a higher dividend yield, HCRB or HSRT?

HCRB has the higher dividend yield at 4.18%, compared with 0.00% for HSRT.

What is the main difference between HCRB and HSRT?

HCRB is categorized as Intermediate Core Bond, while HSRT is CLO. Their fees differ too: 0.29% for HCRB and 0.24% for HSRT.