HFLYX vs. CAPIX
HFLYX (Hartford Floating Rate Fund) and CAPIX (Calamos Aksia Alternative Credit and Income Fund Class I) are both Bank Loan funds. Over the past year, HFLYX returned 4.35% vs 7.19% for CAPIX. At a 0.14 correlation, their price movements are largely independent. HFLYX charges 0.74%/yr vs 1.25%/yr for CAPIX.
Performance
HFLYX vs. CAPIX - Performance Comparison
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Returns By Period
In the year-to-date period, HFLYX achieves a 1.11% return, which is significantly lower than CAPIX's 2.38% return.
HFLYX
- 1D
- 0.00%
- 1M
- 0.51%
- YTD
- 1.11%
- 6M
- 1.83%
- 1Y
- 4.35%
- 3Y*
- 5.79%
- 5Y*
- 3.95%
- 10Y*
- 4.30%
CAPIX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 2.38%
- 6M
- 2.67%
- 1Y
- 7.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HFLYX vs. CAPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HFLYX Hartford Floating Rate Fund | 1.11% | 4.79% | 6.50% | 3.07% |
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 2.38% | 7.43% | 8.60% | 3.02% |
Correlation
The correlation between HFLYX and CAPIX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 14, 2023 | 0.14 |
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Return for Risk
HFLYX vs. CAPIX — Risk / Return Rank
HFLYX
CAPIX
HFLYX vs. CAPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Floating Rate Fund (HFLYX) and Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX). 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.
| HFLYX | CAPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 2.92 | -1.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 7.99 | -5.68 |
| Martin ratioReturn relative to average drawdown | 7.12 | 31.62 | -24.50 |
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Drawdowns
HFLYX vs. CAPIX - Drawdown Comparison
The maximum HFLYX drawdown since its inception was -33.12%, which is greater than CAPIX's maximum drawdown of -1.96%. Use the drawdown chart below to compare losses from any high point for HFLYX and CAPIX.
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Drawdown Indicators
| HFLYX | CAPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -1.96% | -31.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -0.94% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.47% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -0.26% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.23% | +0.40% |
Volatility
HFLYX vs. CAPIX - Volatility Comparison
Hartford Floating Rate Fund (HFLYX) has a higher volatility of 0.73% compared to Calamos Aksia Alternative Credit and Income Fund Class I (CAPIX) at 0.37%. This indicates that HFLYX's price experiences larger fluctuations and is considered to be riskier than CAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFLYX | CAPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.37% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 1.54% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 1.70% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 2.55% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.09% | 2.55% | +1.54% |
HFLYX vs. CAPIX - Expense Ratio Comparison
HFLYX has a 0.74% expense ratio, which is lower than CAPIX's 1.25% expense ratio.
Dividends
HFLYX vs. CAPIX - Dividend Comparison
HFLYX's dividend yield for the trailing twelve months is around 7.71%, less than CAPIX's 8.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPIX Calamos Aksia Alternative Credit and Income Fund Class I | 8.66% | 7.18% | 4.42% | 1.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HFLYX Hartford Floating Rate Fund | 7.71% | 7.23% | 6.68% | 7.20% | 5.18% | 3.22% | 3.68% | 4.68% | 6.17% | 4.23% | 4.34% | 4.72% |
Frequently Asked Questions
HFLYX and CAPIX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFLYX has higher volatility (0.73%) compared to CAPIX (0.37%). In terms of maximum drawdown, HFLYX dropped -33.12% vs CAPIX's -1.96%.
CAPIX currently has the higher Sharpe Ratio (4.41 vs 1.64), 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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