HCRB vs. IAGG
HCRB (Hartford Core Bond ETF) and IAGG (iShares Core International Aggregate Bond ETF) are both exchange-traded funds - HCRB is a Intermediate Core Bond fund actively managed by Hartford, while IAGG is a Global Bonds fund tracking the Bloomberg Global Aggregate ex USD 10% Issuer Capped (Hedged) Index. HCRB is actively managed, while IAGG is passively managed. Over the past 5 years, HCRB returned 0.25%/yr vs 1.11%/yr for IAGG. A 0.77 correlation means they provide meaningful diversification when combined. HCRB charges 0.29%/yr vs 0.07%/yr for IAGG.
Performance
HCRB vs. IAGG - Performance Comparison
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Returns By Period
In the year-to-date period, HCRB achieves a 0.41% return, which is significantly lower than IAGG's 0.92% return.
HCRB
- 1D
- -0.03%
- 1M
- 0.19%
- YTD
- 0.41%
- 6M
- 0.45%
- 1Y
- 5.49%
- 3Y*
- 4.50%
- 5Y*
- 0.25%
- 10Y*
- —
IAGG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.92%
- 6M
- 0.72%
- 1Y
- 2.30%
- 3Y*
- 4.59%
- 5Y*
- 1.11%
- 10Y*
- 2.17%
HCRB vs. IAGG - 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% |
IAGG iShares Core International Aggregate Bond ETF | 0.92% | 3.26% | 4.51% | 8.49% | -10.86% | -1.87% | 2.33% |
Correlation
The correlation between HCRB and IAGG 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2020 | 0.77 |
The correlation between HCRB and IAGG has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
HCRB vs. IAGG — Risk / Return Rank
HCRB
IAGG
HCRB vs. IAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Bond ETF (HCRB) and iShares Core International Aggregate Bond ETF (IAGG). 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 | IAGG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.81 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.16 | 1.19 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.15 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.00 | +0.86 |
Martin ratioReturn relative to average drawdown | 5.66 | 2.99 | +2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HCRB | IAGG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.81 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.25 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.62 | -0.48 |
Drawdowns
HCRB vs. IAGG - Drawdown Comparison
The maximum HCRB drawdown since its inception was -19.90%, which is greater than IAGG's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for HCRB and IAGG.
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Drawdown Indicators
| HCRB | IAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -13.88% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.32% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -2.32% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -13.57% | -5.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.88% | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.98% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -2.85% | -4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.77% | +0.15% |
Volatility
HCRB vs. IAGG - Volatility Comparison
Hartford Core Bond ETF (HCRB) has a higher volatility of 1.30% compared to iShares Core International Aggregate Bond ETF (IAGG) at 1.18%. This indicates that HCRB's price experiences larger fluctuations and is considered to be riskier than IAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HCRB | IAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 1.18% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.40% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 2.84% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 4.51% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.96% | 4.05% | +1.91% |
HCRB vs. IAGG - Expense Ratio Comparison
HCRB has a 0.29% expense ratio, which is higher than IAGG's 0.07% expense ratio.
Dividends
HCRB vs. IAGG - Dividend Comparison
HCRB's dividend yield for the trailing twelve months is around 4.18%, more than IAGG's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCRB Hartford Core Bond ETF | 4.18% | 4.12% | 4.15% | 3.39% | 2.18% | 1.47% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IAGG iShares Core International Aggregate Bond ETF | 3.66% | 3.08% | 4.28% | 3.55% | 2.27% | 1.16% | 1.95% | 2.82% | 3.02% | 1.74% | 1.56% | 0.13% |
Frequently Asked Questions
HCRB and IAGG 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.
HCRB has higher volatility (1.30%) compared to IAGG (1.18%). In terms of maximum drawdown, HCRB dropped -19.90% vs IAGG's -13.88%.
On 5-year performance, IAGG leads with 1.11% vs 0.25% for HCRB. On fees, IAGG is cheaper at 0.07% per year. On volatility, IAGG has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IAGG has performed better with a 1.11% return vs 0.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAGG is cheaper with a 0.07% expense ratio, compared with 0.29% for HCRB.
HCRB has the higher dividend yield at 4.18%, compared with 3.66% for IAGG.
HCRB is categorized as Intermediate Core Bond, while IAGG is Global Bonds. They also come from different issuers: Hartford and iShares. Their fees differ too: 0.29% for HCRB and 0.07% for IAGG.
HCRB currently has the higher Sharpe Ratio (1.45 vs 0.81), 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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