HFSI vs. FBND
HFSI (Hartford Strategic Income ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - HFSI is a Multisector Bonds fund actively managed by Hartford, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, HFSI returned 8.37%/yr vs 4.70%/yr for FBND. Their correlation of 0.82 suggests significant overlap in exposure. HFSI charges 0.49%/yr vs 0.36%/yr for FBND.
Performance
HFSI vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, HFSI achieves a 1.38% return, which is significantly higher than FBND's 0.50% return.
HFSI
- 1D
- -0.20%
- 1M
- 0.87%
- YTD
- 1.38%
- 6M
- 1.51%
- 1Y
- 8.47%
- 3Y*
- 8.37%
- 5Y*
- —
- 10Y*
- —
FBND
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.50%
- 6M
- 0.30%
- 1Y
- 5.59%
- 3Y*
- 4.70%
- 5Y*
- 0.83%
- 10Y*
- 2.56%
HFSI vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 1.38% | 9.56% | 7.91% | 9.91% | -12.60% | -1.57% |
FBND Fidelity Total Bond ETF | 0.50% | 7.57% | 2.13% | 6.81% | -12.54% | -0.90% |
Correlation
The correlation between HFSI and FBND is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.82 |
The correlation between HFSI and FBND has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
HFSI vs. FBND — Risk / Return Rank
HFSI
FBND
HFSI vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Strategic Income ETF (HFSI) and Fidelity Total Bond ETF (FBND). 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.
| HFSI | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.25 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.11 | +0.67 |
| Martin ratioReturn relative to average drawdown | 11.13 | 6.37 | +4.76 |
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
| HFSI | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.46 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.44 | +0.10 |
Drawdowns
HFSI vs. FBND - Drawdown Comparison
The maximum HFSI drawdown since its inception was -19.34%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for HFSI and FBND.
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Drawdown Indicators
| HFSI | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -17.25% | -2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.66% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -5.94% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -0.20% | -1.43% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -3.35% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.88% | -0.12% |
Volatility
HFSI vs. FBND - Volatility Comparison
The current volatility for Hartford Strategic Income ETF (HFSI) is 1.13%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.27%. This indicates that HFSI experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFSI | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.27% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.73% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 3.86% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 5.92% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 6.10% | -1.13% |
HFSI vs. FBND - Expense Ratio Comparison
HFSI has a 0.49% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
HFSI vs. FBND - Dividend Comparison
HFSI's dividend yield for the trailing twelve months is around 5.54%, more than FBND's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.70% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
HFSI Hartford Strategic Income ETF | 5.54% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HFSI and FBND have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.27%) compared to HFSI (1.13%). In terms of maximum drawdown, HFSI dropped -19.34% vs FBND's -17.25%.
On 3-year performance, HFSI leads with 8.37% vs 4.70% for FBND. On fees, FBND is cheaper at 0.36% per year. On volatility, HFSI has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HFSI has performed better with a 8.37% return vs 4.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.49% for HFSI.
HFSI has the higher dividend yield at 5.54%, compared with 4.70% for FBND.
HFSI is categorized as Multisector Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Hartford and Fidelity. Their fees differ too: 0.49% for HFSI and 0.36% for FBND.
HFSI currently has the higher Sharpe Ratio (2.37 vs 1.46), 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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