HFHIX vs. FRA
Compare and contrast key facts about Hartford Floating Rate High Income Fund (HFHIX) and BlackRock Floating Rate Income Strategies Fund Inc (FRA).
HFHIX is managed by Hartford. It was launched on Sep 29, 2011. FRA is managed by BlackRock. It was launched on Oct 29, 2003.
Performance
HFHIX vs. FRA - Performance Comparison
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HFHIX vs. FRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFHIX Hartford Floating Rate High Income Fund | -1.29% | 7.69% | 6.61% | 9.35% | -4.54% | 4.21% | 1.04% | 9.28% | -0.31% | 5.62% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | -3.38% | -3.75% | 21.56% | 25.46% | -10.59% | 17.81% | -2.38% | 20.82% | -8.27% | 0.76% |
Returns By Period
In the year-to-date period, HFHIX achieves a -1.29% return, which is significantly higher than FRA's -3.38% return. Over the past 10 years, HFHIX has underperformed FRA with an annualized return of 4.82%, while FRA has yielded a comparatively higher 6.61% annualized return.
HFHIX
- 1D
- 0.00%
- 1M
- -1.37%
- YTD
- -1.29%
- 6M
- 0.27%
- 1Y
- 5.00%
- 3Y*
- 6.52%
- 5Y*
- 3.93%
- 10Y*
- 4.82%
FRA
- 1D
- 3.86%
- 1M
- -0.13%
- YTD
- -3.38%
- 6M
- -9.61%
- 1Y
- -3.81%
- 3Y*
- 10.06%
- 5Y*
- 6.51%
- 10Y*
- 6.61%
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HFHIX vs. FRA - Expense Ratio Comparison
HFHIX has a 0.80% expense ratio, which is lower than FRA's 2.17% expense ratio.
Return for Risk
HFHIX vs. FRA — Risk / Return Rank
HFHIX
FRA
HFHIX vs. FRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate High Income Fund (HFHIX) and BlackRock Floating Rate Income Strategies Fund Inc (FRA). 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.
| HFHIX | FRA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | -0.27 | +2.14 |
Sortino ratioReturn per unit of downside risk | 2.96 | -0.26 | +3.23 |
Omega ratioGain probability vs. loss probability | 1.69 | 0.96 | +0.73 |
Calmar ratioReturn relative to maximum drawdown | 2.97 | -0.23 | +3.20 |
Martin ratioReturn relative to average drawdown | 9.83 | -0.55 | +10.38 |
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
| HFHIX | FRA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | -0.27 | +2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.36 | 0.51 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.43 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.31 | +0.93 |
Correlation
The correlation between HFHIX and FRA is 0.21, 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.
Dividends
HFHIX vs. FRA - Dividend Comparison
HFHIX's dividend yield for the trailing twelve months is around 6.74%, less than FRA's 13.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFHIX Hartford Floating Rate High Income Fund | 6.74% | 6.70% | 6.73% | 6.60% | 5.21% | 3.30% | 3.86% | 4.75% | 6.55% | 4.24% | 5.01% | 5.58% |
FRA BlackRock Floating Rate Income Strategies Fund Inc | 13.49% | 12.62% | 10.81% | 10.44% | 6.88% | 5.96% | 7.61% | 6.44% | 6.90% | 5.31% | 5.65% | 6.17% |
Drawdowns
HFHIX vs. FRA - Drawdown Comparison
The maximum HFHIX drawdown since its inception was -23.31%, smaller than the maximum FRA drawdown of -51.43%. Use the drawdown chart below to compare losses from any high point for HFHIX and FRA.
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Drawdown Indicators
| HFHIX | FRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -51.43% | +28.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.85% | -15.47% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -8.21% | -18.77% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -42.80% | +19.49% |
Current DrawdownCurrent decline from peak | -1.85% | -11.62% | +9.77% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -7.19% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 6.44% | -5.88% |
Volatility
HFHIX vs. FRA - Volatility Comparison
The current volatility for Hartford Floating Rate High Income Fund (HFHIX) is 0.49%, while BlackRock Floating Rate Income Strategies Fund Inc (FRA) has a volatility of 5.65%. This indicates that HFHIX experiences smaller price fluctuations and is considered to be less risky than FRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFHIX | FRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 5.65% | -5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 8.21% | -6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 14.30% | -11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 12.78% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 15.49% | -11.31% |