HIABX vs. SSASX

Last updated Jun 4, 2026

HIABX (Hartford Total Return Bond HLS Fund) and SSASX (State Street Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, HIABX returned 0.47%/yr vs -0.64%/yr for SSASX. Their correlation of 0.94 suggests significant overlap in exposure. HIABX charges 0.50%/yr vs 0.20%/yr for SSASX.

Performance

HIABX vs. SSASX - Performance Comparison

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

Returns By Period

HIABX

• 1D: 0.00%
• 1M: 0.52%
• YTD: 0.42%
• 6M: 0.31%
• 1Y: 5.83%
• 3Y*: 4.72%
• 5Y*: 0.47%
• 10Y*: 1.29%

SSASX

• 1D: 0.00%
• 1M: 0.35%
• YTD: -0.00%
• 6M: -0.08%
• 1Y: 5.12%
• 3Y*: 2.95%
• 5Y*: -0.64%
• 10Y*: —

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

HIABX vs. SSASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HIABX Hartford Total Return Bond HLS Fund	0.42%	7.29%	2.34%	6.97%	-14.21%	1.26%
SSASX State Street Income Fund	-0.00%	7.49%	-0.95%	4.83%	-13.74%	0.59%

Correlation

The correlation between HIABX and SSASX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.94

The correlation between HIABX and SSASX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

HIABX vs. SSASX — Risk / Return Rank

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

HIABX

HIABX Risk / Return Rank: 28
HIABX Sharpe Ratio Rank: 27
HIABX Sortino Ratio Rank: 29
HIABX Omega Ratio Rank: 27
HIABX Calmar Ratio Rank: 32
HIABX Martin Ratio Rank: 27

SSASX

SSASX Risk / Return Rank: 18
SSASX Sharpe Ratio Rank: 18
SSASX Sortino Ratio Rank: 19
SSASX Omega Ratio Rank: 17
SSASX Calmar Ratio Rank: 17
SSASX Martin Ratio Rank: 16

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. SSASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Total Return Bond HLS Fund (HIABX) and State Street Income Fund (SSASX). 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.

	HIABX	SSASX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	1.22	+0.28
Sortino ratio: Return per unit of downside risk	2.25	1.83	+0.43
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.11	1.50	+0.61
Martin ratio: Return relative to average drawdown	6.50	4.51	+1.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIABX vs. SSASX - Sharpe Ratio Comparison

The current HIABX Sharpe Ratio is 1.50, which is comparable to the SSASX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of HIABX and SSASX, 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

	HIABX	SSASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.22	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	-0.10	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	-0.10	+0.13

Drawdowns

HIABX vs. SSASX - Drawdown Comparison

The maximum HIABX drawdown since its inception was -91.15%, which is greater than SSASX's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for HIABX and SSASX.

Drawdown Indicators

	HIABX	SSASX	Difference
Max Drawdown Largest peak-to-trough decline	-91.15%	-19.65%	-71.50%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-3.42%	+0.65%
Max Drawdown (3Y) Largest decline over 3 years	-6.53%	-7.97%	+1.44%
Max Drawdown (5Y) Largest decline over 5 years	-19.40%	-19.65%	+0.25%
Max Drawdown (10Y) Largest decline over 10 years	-21.48%	—	—
Current Drawdown Current decline from peak	-2.56%	-5.26%	+2.70%
Average Drawdown Average peak-to-trough decline	-24.49%	-9.68%	-14.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.14%	-0.24%

Volatility

HIABX vs. SSASX - Volatility Comparison

Hartford Total Return Bond HLS Fund (HIABX) and State Street Income Fund (SSASX) have volatilities of 1.43% and 1.46%, 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.

Volatility by Period

	HIABX	SSASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.46%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.82%	2.96%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.91%	4.22%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.90%	6.49%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.32%	6.49%	-1.17%

HIABX vs. SSASX - Expense Ratio Comparison

HIABX has a 0.50% expense ratio, which is higher than SSASX's 0.20% expense ratio.

Dividends

HIABX vs. SSASX - Dividend Comparison

HIABX's dividend yield for the trailing twelve months is around 5.56%, more than SSASX's 4.00% 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%
SSASX State Street Income Fund	4.00%	4.01%	2.76%	2.86%	2.48%	3.77%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIABX and SSASX in my portfolio?

HIABX and SSASX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIABX or SSASX?

SSASX has higher volatility (1.46%) compared to HIABX (1.43%). In terms of maximum drawdown, HIABX dropped -91.15% vs SSASX's -19.65%.

Which has better risk-adjusted returns?

HIABX currently has the higher Sharpe Ratio (1.50 vs 1.22), 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.