HHMIX vs. HSNIX
HHMIX (Hartford Municipal Opportunities Fund) and HSNIX (The Hartford Strategic Income Fund) are both mutual funds - HHMIX is a Municipal Bonds fund managed by Hartford, while HSNIX is a Multisector Bonds fund managed by Hartford. Over the past 10 years, HHMIX returned 2.08%/yr vs 4.08%/yr for HSNIX. Their 0.37 correlation means their historical movements had little consistent relationship. HHMIX charges 0.44%/yr vs 0.64%/yr for HSNIX.
Performance
HHMIX vs. HSNIX - Performance Comparison
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Returns By Period
In the year-to-date period, HHMIX achieves a 0.18% return, which is significantly higher than HSNIX's 0.04% return. Over the past 10 years, HHMIX has underperformed HSNIX with an annualized return of 2.08%, while HSNIX has yielded a comparatively higher 4.08% annualized return.
HHMIX
- 1D
- -0.24%
- 1M
- -1.66%
- 6M
- -0.81%
- YTD
- 0.18%
- 1Y
- 3.83%
- 3Y*
- 3.59%
- 5Y*
- 0.73%
- 10Y*
- 2.08%
- ALL TIME*
- 2.52%
HSNIX
- 1D
- -0.01%
- 1M
- -0.64%
- 6M
- -0.57%
- YTD
- 0.04%
- 1Y
- 3.69%
- 3Y*
- 6.49%
- 5Y*
- 1.77%
- 10Y*
- 4.08%
- ALL TIME*
- 4.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HHMIX vs. HSNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 0.18% | 5.70% | 2.14% | 5.92% | -8.97% | 1.73% | 4.66% | 7.89% | 1.35% | 5.74% |
HSNIX The Hartford Strategic Income Fund | 0.04% | 8.00% | 6.81% | 9.40% | -12.77% | 0.17% | 12.54% | 11.94% | -1.57% | 8.92% |
Correlation
The correlation between HHMIX and HSNIX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.37 |
The correlation between HHMIX and HSNIX shifts across timeframes, from 0.37 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HHMIX vs. HSNIX — Risk / Return Rank
HHMIX
HSNIX
HHMIX vs. HSNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities Fund (HHMIX) and The Hartford Strategic Income Fund (HSNIX). 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.
| HHMIX | HSNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.26 | +0.35 |
| Martin ratioReturn relative to average drawdown | 4.74 | 4.85 | -0.11 |
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Drawdowns
HHMIX vs. HSNIX - Drawdown Comparison
The maximum HHMIX drawdown since its inception was -30.49%, which is greater than HSNIX's maximum drawdown of -23.39%. Use the drawdown chart below to compare losses from any high point for HHMIX and HSNIX.
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Drawdown Indicators
| HHMIX | HSNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -23.39% | -7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -3.35% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -5.13% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -13.76% | -19.44% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -13.76% | -19.44% | +5.68% |
Current DrawdownCurrent decline from peak | -2.02% | -1.39% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -3.11% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.87% | +0.08% |
Volatility
HHMIX vs. HSNIX - Volatility Comparison
Hartford Municipal Opportunities Fund (HHMIX) and The Hartford Strategic Income Fund (HSNIX) have volatilities of 0.82% and 0.84%, 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
| HHMIX | HSNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.84% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 2.78% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 3.39% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 4.75% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 4.58% | -1.00% |
HHMIX vs. HSNIX - Expense Ratio Comparison
HHMIX has a 0.44% expense ratio, which is lower than HSNIX's 0.64% expense ratio.
Dividends
HHMIX vs. HSNIX - Dividend Comparison
HHMIX's dividend yield for the trailing twelve months is around 3.19%, less than HSNIX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HHMIX Hartford Municipal Opportunities Fund | 3.19% | 4.40% | 2.72% | 2.41% | 2.28% | 1.72% | 2.17% | 2.83% | 2.86% | 2.98% | 2.77% | 3.04% |
HSNIX The Hartford Strategic Income Fund | 5.80% | 5.29% | 5.31% | 5.87% | 4.73% | 4.40% | 4.09% | 4.32% | 6.82% | 6.21% | 5.00% | 4.65% |
Frequently Asked Questions
HHMIX and HSNIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSNIX has higher volatility (0.84%) compared to HHMIX (0.82%). In terms of maximum drawdown, HHMIX dropped -30.49% vs HSNIX's -23.39%.
HHMIX currently has the higher Sharpe Ratio (1.81 vs 1.25), 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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