HFSI vs. GHYB
HFSI (Hartford Strategic Income ETF) and GHYB (Goldman Sachs Access High Yield Corporate Bond ETF) are both exchange-traded funds - HFSI is a Multisector Bonds fund actively managed by Hartford, while GHYB is a High Yield Bonds fund tracking the FTSE Goldman Sachs High Yield Corporate Bond Index. HFSI is actively managed, while GHYB is passively managed. Over the past 3 years, HFSI returned 8.37%/yr vs 8.55%/yr for GHYB. A 0.60 correlation means they provide meaningful diversification when combined. HFSI charges 0.49%/yr vs 0.34%/yr for GHYB.
Performance
HFSI vs. GHYB - 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 GHYB's 1.16% return.
HFSI
- 1D
- -0.20%
- 1M
- 0.87%
- YTD
- 1.38%
- 6M
- 1.51%
- 1Y
- 8.47%
- 3Y*
- 8.37%
- 5Y*
- —
- 10Y*
- —
GHYB
- 1D
- -0.36%
- 1M
- 0.33%
- YTD
- 1.16%
- 6M
- 1.43%
- 1Y
- 6.91%
- 3Y*
- 8.55%
- 5Y*
- 3.99%
- 10Y*
- —
HFSI vs. GHYB - 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% |
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 1.16% | 9.38% | 7.76% | 12.13% | -11.02% | 0.18% |
Correlation
The correlation between HFSI and GHYB is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.60 |
The correlation between HFSI and GHYB has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
HFSI vs. GHYB — Risk / Return Rank
HFSI
GHYB
HFSI vs. GHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Strategic Income ETF (HFSI) and Goldman Sachs Access High Yield Corporate Bond ETF (GHYB). 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 | GHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.59 | +0.18 |
| Martin ratioReturn relative to average drawdown | 11.13 | 11.87 | -0.74 |
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 | GHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.98 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.55 | 0.00 |
Drawdowns
HFSI vs. GHYB - Drawdown Comparison
The maximum HFSI drawdown since its inception was -19.34%, smaller than the maximum GHYB drawdown of -21.48%. Use the drawdown chart below to compare losses from any high point for HFSI and GHYB.
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Drawdown Indicators
| HFSI | GHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -21.48% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.67% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -4.66% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.08% | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.36% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -2.57% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.58% | +0.18% |
Volatility
HFSI vs. GHYB - Volatility Comparison
Hartford Strategic Income ETF (HFSI) and Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) have volatilities of 1.13% and 1.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFSI | GHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.08% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 2.72% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 3.51% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 7.69% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.97% | 8.28% | -3.31% |
HFSI vs. GHYB - Expense Ratio Comparison
HFSI has a 0.49% expense ratio, which is higher than GHYB's 0.34% expense ratio.
Dividends
HFSI vs. GHYB - Dividend Comparison
HFSI's dividend yield for the trailing twelve months is around 5.54%, less than GHYB's 6.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GHYB Goldman Sachs Access High Yield Corporate Bond ETF | 6.81% | 7.00% | 6.65% | 6.20% | 5.67% | 4.46% | 4.75% | 5.57% | 5.68% | 1.45% |
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% |
Frequently Asked Questions
HFSI and GHYB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HFSI has higher volatility (1.13%) compared to GHYB (1.08%). In terms of maximum drawdown, HFSI dropped -19.34% vs GHYB's -21.48%.
On 3-year performance, GHYB leads with 8.55% vs 8.37% for HFSI. On fees, GHYB is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GHYB has performed better with a 8.55% return vs 8.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GHYB is cheaper with a 0.34% expense ratio, compared with 0.49% for HFSI.
GHYB has the higher dividend yield at 6.81%, compared with 5.54% for HFSI.
HFSI is categorized as Multisector Bonds, while GHYB is High Yield Bonds. They also come from different issuers: Hartford and Goldman Sachs. Their fees differ too: 0.49% for HFSI and 0.34% for GHYB.
HFSI currently has the higher Sharpe Ratio (2.37 vs 1.98), 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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