HSDAX vs. SPMO
Compare and contrast key facts about Hartford Short Duration Fund (HSDAX) and Invesco S&P 500 Momentum ETF (SPMO).
HSDAX is managed by Hartford. It was launched on Oct 31, 2002. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
HSDAX vs. SPMO - Performance Comparison
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HSDAX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSDAX Hartford Short Duration Fund | -0.50% | 6.10% | 5.03% | 6.14% | -5.04% | -0.05% | 3.80% | 6.08% | 0.36% | 2.18% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, HSDAX achieves a -0.50% return, which is significantly higher than SPMO's -5.78% return. Over the past 10 years, HSDAX has underperformed SPMO with an annualized return of 2.53%, while SPMO has yielded a comparatively higher 17.16% annualized return.
HSDAX
- 1D
- 0.10%
- 1M
- -1.22%
- YTD
- -0.50%
- 6M
- 0.57%
- 1Y
- 4.05%
- 3Y*
- 4.98%
- 5Y*
- 2.27%
- 10Y*
- 2.53%
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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HSDAX vs. SPMO - Expense Ratio Comparison
HSDAX has a 0.79% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
HSDAX vs. SPMO — Risk / Return Rank
HSDAX
SPMO
HSDAX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Short Duration Fund (HSDAX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| HSDAX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 0.98 | +1.32 |
Sortino ratioReturn per unit of downside risk | 4.24 | 1.51 | +2.74 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.22 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.79 | +1.65 |
Martin ratioReturn relative to average drawdown | 15.14 | 6.36 | +8.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HSDAX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 0.98 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.06 | 0.91 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.86 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.85 | +0.43 |
Correlation
The correlation between HSDAX and SPMO is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
HSDAX vs. SPMO - Dividend Comparison
HSDAX's dividend yield for the trailing twelve months is around 4.00%, more than SPMO's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSDAX Hartford Short Duration Fund | 4.00% | 4.26% | 3.43% | 2.71% | 2.03% | 1.36% | 2.08% | 2.60% | 2.55% | 2.27% | 1.74% | 1.67% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
HSDAX vs. SPMO - Drawdown Comparison
The maximum HSDAX drawdown since its inception was -10.19%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for HSDAX and SPMO.
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Drawdown Indicators
| HSDAX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -30.95% | +20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -12.70% | +11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -22.74% | +15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -10.19% | -30.95% | +20.76% |
Current DrawdownCurrent decline from peak | -1.22% | -9.24% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -0.68% | -4.66% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 3.57% | -3.27% |
Volatility
HSDAX vs. SPMO - Volatility Comparison
The current volatility for Hartford Short Duration Fund (HSDAX) is 0.55%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.82%. This indicates that HSDAX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSDAX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 6.82% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 12.62% | -11.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 22.68% | -20.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.15% | 19.06% | -16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.25% | 20.08% | -17.83% |