HSDAX vs. PFIIX
HSDAX (Hartford Short Duration Fund) and PFIIX (PIMCO Low Duration Income Fund) are both Short-Term Bond funds. Over the past 10 years, HSDAX returned 2.57%/yr vs 4.86%/yr for PFIIX. At a 0.25 correlation, their price movements are largely independent. HSDAX charges 0.79%/yr vs 0.50%/yr for PFIIX.
Performance
HSDAX vs. PFIIX - Performance Comparison
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Returns By Period
In the year-to-date period, HSDAX achieves a 0.72% return, which is significantly lower than PFIIX's 1.46% return. Over the past 10 years, HSDAX has underperformed PFIIX with an annualized return of 2.57%, while PFIIX has yielded a comparatively higher 4.86% annualized return.
HSDAX
- 1D
- 0.10%
- 1M
- 0.27%
- YTD
- 0.72%
- 6M
- 1.08%
- 1Y
- 4.14%
- 3Y*
- 5.33%
- 5Y*
- 2.46%
- 10Y*
- 2.57%
PFIIX
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 1.46%
- 6M
- 1.81%
- 1Y
- 7.25%
- 3Y*
- 7.40%
- 5Y*
- 4.13%
- 10Y*
- 4.86%
HSDAX vs. PFIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSDAX Hartford Short Duration Fund | 0.72% | 6.10% | 5.03% | 6.14% | -5.04% | -0.05% | 3.80% | 6.08% | 0.36% | 2.18% |
PFIIX PIMCO Low Duration Income Fund | 1.46% | 9.56% | 6.58% | 7.78% | -5.29% | 2.38% | 4.84% | 6.72% | 1.56% | 6.05% |
Correlation
The correlation between HSDAX and PFIIX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2004 | 0.25 |
Over the past year, HSDAX and PFIIX have become more correlated (0.72) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
HSDAX vs. PFIIX — Risk / Return Rank
HSDAX
PFIIX
HSDAX vs. PFIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Short Duration Fund (HSDAX) and PIMCO Low Duration Income Fund (PFIIX). 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.
| HSDAX | PFIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.63 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.39 | -0.15 |
| Martin ratioReturn relative to average drawdown | 14.48 | 14.46 | +0.03 |
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Drawdowns
HSDAX vs. PFIIX - Drawdown Comparison
The maximum HSDAX drawdown since its inception was -10.19%, smaller than the maximum PFIIX drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for HSDAX and PFIIX.
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Drawdown Indicators
| HSDAX | PFIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -28.35% | +18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -2.16% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -2.23% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -8.84% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -10.19% | -11.72% | +1.53% |
Current DrawdownCurrent decline from peak | -0.31% | -0.24% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -2.60% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 0.50% | -0.21% |
Volatility
HSDAX vs. PFIIX - Volatility Comparison
The current volatility for Hartford Short Duration Fund (HSDAX) is 0.70%, while PIMCO Low Duration Income Fund (PFIIX) has a volatility of 0.87%. This indicates that HSDAX experiences smaller price fluctuations and is considered to be less risky than PFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSDAX | PFIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.87% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.23% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 2.77% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.21% | 3.18% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.27% | 3.16% | -0.89% |
HSDAX vs. PFIIX - Expense Ratio Comparison
HSDAX has a 0.79% expense ratio, which is higher than PFIIX's 0.50% expense ratio.
Dividends
HSDAX vs. PFIIX - Dividend Comparison
HSDAX's dividend yield for the trailing twelve months is around 4.39%, less than PFIIX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSDAX Hartford Short Duration Fund | 4.39% | 4.26% | 3.43% | 2.71% | 2.03% | 1.36% | 2.08% | 2.60% | 2.55% | 2.27% | 1.74% | 1.67% |
PFIIX PIMCO Low Duration Income Fund | 5.27% | 5.49% | 5.37% | 4.97% | 5.35% | 3.06% | 3.44% | 4.74% | 3.22% | 3.13% | 3.75% | 5.36% |
Frequently Asked Questions
HSDAX and PFIIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIIX has higher volatility (0.87%) compared to HSDAX (0.70%). In terms of maximum drawdown, HSDAX dropped -10.19% vs PFIIX's -28.35%.
PFIIX currently has the higher Sharpe Ratio (2.64 vs 2.19), 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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