Correlation
The correlation between HCRB and NEAR is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HCRB vs. NEAR
Compare and contrast key facts about Hartford Core Bond ETF (HCRB) and iShares Short Maturity Bond ETF (NEAR).
HCRB and NEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCRB is an actively managed fund by The Hartford. It was launched on Feb 19, 2020. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HCRB or NEAR.
Performance
HCRB vs. NEAR - Performance Comparison
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Key characteristics
HCRB:
0.86
NEAR:
3.05
HCRB:
1.11
NEAR:
4.39
HCRB:
1.13
NEAR:
1.67
HCRB:
0.33
NEAR:
5.29
HCRB:
1.84
NEAR:
20.02
HCRB:
2.15%
NEAR:
0.31%
HCRB:
5.25%
NEAR:
2.06%
HCRB:
-19.90%
NEAR:
-9.61%
HCRB:
-7.27%
NEAR:
-0.43%
Returns By Period
In the year-to-date period, HCRB achieves a 1.34% return, which is significantly lower than NEAR's 2.04% return.
HCRB
1.34%
-0.74%
1.12%
4.35%
1.52%
-0.87%
N/A
NEAR
2.04%
0.12%
2.73%
6.20%
5.25%
3.42%
2.48%
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HCRB vs. NEAR - Expense Ratio Comparison
HCRB has a 0.29% expense ratio, which is higher than NEAR's 0.25% expense ratio.
Risk-Adjusted Performance
HCRB vs. NEAR — Risk-Adjusted Performance Rank
HCRB
NEAR
HCRB vs. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Core Bond ETF (HCRB) and iShares Short Maturity Bond ETF (NEAR). 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.
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Dividends
HCRB vs. NEAR - Dividend Comparison
HCRB's dividend yield for the trailing twelve months is around 4.28%, less than NEAR's 4.90% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCRB Hartford Core Bond ETF | 4.28% | 4.15% | 3.39% | 2.18% | 1.47% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 4.90% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% |
Drawdowns
HCRB vs. NEAR - Drawdown Comparison
The maximum HCRB drawdown since its inception was -19.90%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for HCRB and NEAR.
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Volatility
HCRB vs. NEAR - Volatility Comparison
Hartford Core Bond ETF (HCRB) has a higher volatility of 1.44% compared to iShares Short Maturity Bond ETF (NEAR) at 0.67%. This indicates that HCRB's price experiences larger fluctuations and is considered to be riskier than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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