HIABX vs. SMTRX

Last updated Jun 24, 2026

HIABX (Hartford Total Return Bond HLS Fund) and SMTRX (ALPS/Smith Total Return Bond Fund) are both Intermediate Core-Plus Bond funds. Their correlation of 0.91 suggests significant overlap in exposure. HIABX charges 0.50%/yr vs 0.99%/yr for SMTRX.

Performance

HIABX vs. SMTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Total Return Bond HLS Fund (HIABX) and ALPS/Smith Total Return Bond Fund (SMTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HIABX

• 1D: -0.31%
• 1M: 0.73%
• YTD: 0.42%
• 6M: 0.52%
• 1Y: 4.74%
• 3Y*: 4.61%
• 5Y*: 0.33%
• 10Y*: 1.25%

SMTRX

• 1D: -0.31%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIABX vs. SMTRX - Yearly Performance Comparison

	2026 (YTD)
HIABX Hartford Total Return Bond HLS Fund	0.31%
SMTRX ALPS/Smith Total Return Bond Fund	0.00%

Correlation

The correlation between HIABX and SMTRX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.91

Return for Risk

HIABX vs. SMTRX — Risk / Return Rank

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

HIABX

HIABX Risk / Return Rank: 25
HIABX Sharpe Ratio Rank: 24
HIABX Sortino Ratio Rank: 26
HIABX Omega Ratio Rank: 23
HIABX Calmar Ratio Rank: 27
HIABX Martin Ratio Rank: 23

SMTRX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HIABX vs. SMTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Total Return Bond HLS Fund (HIABX) and ALPS/Smith Total Return Bond Fund (SMTRX). 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.

	HIABX	SMTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.80	—	—
Martin ratio: Return relative to average drawdown	5.26	—	—

Drawdowns

HIABX vs. SMTRX - Drawdown Comparison

The maximum HIABX drawdown since its inception was -91.15%, which is greater than SMTRX's maximum drawdown of -0.62%. Use the drawdown chart below to compare losses from any high point for HIABX and SMTRX.

Drawdown Indicators

	HIABX	SMTRX	Difference
Max Drawdown Largest peak-to-trough decline	-91.15%	-0.62%	-90.53%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-6.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-21.48%	—	—
Current Drawdown Current decline from peak	-2.56%	-0.31%	-2.25%
Average Drawdown Average peak-to-trough decline	-23.76%	-0.18%	-23.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	—	—

Volatility

Volatility by Period

	HIABX	SMTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	3.64%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.91%	3.64%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.33%	3.64%	+1.69%

HIABX vs. SMTRX - Expense Ratio Comparison

HIABX has a 0.50% expense ratio, which is lower than SMTRX's 0.99% expense ratio.

Dividends

HIABX vs. SMTRX - Dividend Comparison

HIABX's dividend yield for the trailing twelve months is around 5.56%, more than SMTRX's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HIABX Hartford Total Return Bond HLS Fund	5.56%	5.59%	3.71%	3.42%	4.63%	5.14%	0.23%	3.96%	0.37%	3.00%	0.40%
SMTRX ALPS/Smith Total Return Bond Fund	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIABX and SMTRX in my portfolio?

With a correlation of 0.91, HIABX and SMTRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.