HFSI vs. TSI
HFSI (Hartford Strategic Income ETF) and TSI (TCW Strategic Income Fund Inc.) are both Multisector Bonds funds. Over the past 3 years, HFSI returned 7.99%/yr vs 5.99%/yr for TSI. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
HFSI vs. TSI - Performance Comparison
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Returns By Period
In the year-to-date period, HFSI achieves a 1.08% return, which is significantly higher than TSI's -7.62% return.
HFSI
- 1D
- 0.26%
- 1M
- -0.50%
- 6M
- 0.57%
- YTD
- 1.08%
- 1Y
- 4.70%
- 3Y*
- 7.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.61%
TSI
- 1D
- -0.68%
- 1M
- -1.60%
- 6M
- -6.32%
- YTD
- -7.62%
- 1Y
- -3.50%
- 3Y*
- 5.99%
- 5Y*
- 1.75%
- 10Y*
- 4.79%
- ALL TIME*
- 9.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.57M | $12.84M | $8.48M | |
| $605.00K | $596.77K | $548.55K |
HFSI vs. TSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 1.08% | 9.56% | 7.91% | 9.91% | -12.60% | -1.24% |
TSI TCW Strategic Income Fund Inc. | -7.62% | 9.72% | 13.45% | 7.13% | -14.33% | 3.56% |
Correlation
The correlation between HFSI and TSI is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.27 |
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Return for Risk
HFSI vs. TSI — Risk / Return Rank
HFSI
TSI
HFSI vs. TSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Strategic Income ETF (HFSI) and TCW Strategic Income Fund Inc. (TSI). 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.
| HFSI | TSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.93 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | -0.42 | +1.96 |
| Martin ratioReturn relative to average drawdown | 5.96 | -0.82 | +6.78 |
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Drawdowns
HFSI vs. TSI - Drawdown Comparison
The maximum HFSI drawdown since its inception was -19.34%, smaller than the maximum TSI drawdown of -60.35%. Use the drawdown chart below to compare losses from any high point for HFSI and TSI.
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Drawdown Indicators
| HFSI | TSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.34% | -60.35% | +41.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -8.30% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.37% | -8.30% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.00% | — |
Current DrawdownCurrent decline from peak | -0.82% | -7.65% | +6.83% |
Average DrawdownAverage peak-to-trough decline | -5.54% | -7.69% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 4.28% | -3.49% |
Volatility
HFSI vs. TSI - Volatility Comparison
The current volatility for Hartford Strategic Income ETF (HFSI) is 0.91%, while TCW Strategic Income Fund Inc. (TSI) has a volatility of 2.30%. This indicates that HFSI experiences smaller price fluctuations and is considered to be less risky than TSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFSI | TSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.30% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 7.19% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 8.44% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 10.84% | -5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 14.04% | -9.12% |
Dividends
HFSI vs. TSI - Dividend Comparison
HFSI's dividend yield for the trailing twelve months is around 5.61%, less than TSI's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 5.61% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSI TCW Strategic Income Fund Inc. | 8.50% | 6.58% | 8.00% | 7.73% | 7.00% | 6.36% | 4.83% | 7.39% | 7.07% | 5.36% | 5.21% | 4.08% |
Frequently Asked Questions
HFSI and TSI have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.30%) compared to HFSI (0.91%). In terms of maximum drawdown, HFSI dropped -19.34% vs TSI's -60.35%.
HFSI currently has the higher Sharpe Ratio (1.39 vs -0.42), 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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