HFSI vs. TSI

Last updated Jun 4, 2026

HFSI (Hartford Strategic Income ETF) and TSI (TCW Strategic Income Fund Inc.) are both Multisector Bonds funds. Over the past 3 years, HFSI returned 8.37%/yr vs 6.73%/yr for TSI. At a 0.28 correlation, their price movements are largely independent.

Performance

HFSI vs. TSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Strategic Income ETF (HFSI) and TCW Strategic Income Fund Inc. (TSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFSI achieves a 1.38% return, which is significantly higher than TSI's -6.08% return.

HFSI

• 1D: -0.20%
• 1M: 0.87%
• YTD: 1.38%
• 6M: 1.51%
• 1Y: 8.47%
• 3Y*: 8.37%
• 5Y*: —
• 10Y*: —

TSI

• 1D: -0.11%
• 1M: -0.04%
• YTD: -6.08%
• 6M: -3.17%
• 1Y: -0.59%
• 3Y*: 6.73%
• 5Y*: 2.14%
• 10Y*: 5.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HFSI vs. TSI - 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%
TSI TCW Strategic Income Fund Inc.	-6.08%	9.72%	13.45%	7.13%	-14.33%	2.95%

Correlation

The correlation between HFSI and TSI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.28

Return for Risk

HFSI vs. TSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFSI

HFSI Risk / Return Rank: 68
HFSI Sharpe Ratio Rank: 71
HFSI Sortino Ratio Rank: 78
HFSI Omega Ratio Rank: 76
HFSI Calmar Ratio Rank: 55
HFSI Martin Ratio Rank: 61

TSI

TSI Risk / Return Rank: 2
TSI Sharpe Ratio Rank: 2
TSI Sortino Ratio Rank: 2
TSI Omega Ratio Rank: 2
TSI Calmar Ratio Rank: 2
TSI Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HFSI	TSI	Difference
Sharpe ratio: Return per unit of total volatility	2.37	-0.07	+2.45
Sortino ratio: Return per unit of downside risk	3.57	-0.04	+3.61
Omega ratio: Gain probability vs. loss probability	1.46	0.99	+0.47
Calmar ratio: Return relative to maximum drawdown	2.78	-0.07	+2.85
Martin ratio: Return relative to average drawdown	11.13	-0.18	+11.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFSI vs. TSI - Sharpe Ratio Comparison

The current HFSI Sharpe Ratio is 2.37, which is higher than the TSI Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of HFSI and TSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFSI	TSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	-0.07	+2.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.47	+0.08

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.

Drawdown Indicators

	HFSI	TSI	Difference
Max Drawdown Largest 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	-5.11%	-8.30%	+3.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.00%	—
Current Drawdown Current decline from peak	-0.20%	-6.11%	+5.91%
Average Drawdown Average peak-to-trough decline	-5.72%	-7.69%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	3.31%	-2.55%

Volatility

HFSI vs. TSI - Volatility Comparison

The current volatility for Hartford Strategic Income ETF (HFSI) is 1.13%, while TCW Strategic Income Fund Inc. (TSI) has a volatility of 1.85%. 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.

Volatility by Period

	HFSI	TSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	1.85%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	2.52%	7.32%	-4.80%
Volatility (1Y) Calculated over the trailing 1-year period	3.58%	8.41%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.97%	10.92%	-5.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.97%	14.04%	-9.07%

Dividends

HFSI vs. TSI - Dividend Comparison

HFSI's dividend yield for the trailing twelve months is around 5.54%, less than TSI's 8.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TSI TCW Strategic Income Fund Inc.	8.44%	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

Can I hold both HFSI and TSI in my portfolio?

HFSI and TSI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFSI or TSI?

TSI has higher volatility (1.85%) compared to HFSI (1.13%). In terms of maximum drawdown, HFSI dropped -19.34% vs TSI's -60.35%.

Which has better risk-adjusted returns?

HFSI currently has the higher Sharpe Ratio (2.37 vs -0.07), 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.