HSNIX vs. BRW
HSNIX (The Hartford Strategic Income Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, HSNIX returned 1.77%/yr vs 7.19%/yr for BRW. Their 0.16 correlation means their historical movements had little consistent relationship. HSNIX charges 0.64%/yr vs 1.71%/yr for BRW.
Performance
HSNIX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, HSNIX achieves a 0.04% return, which is significantly lower than BRW's 3.06% return.
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%
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.37M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
HSNIX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HSNIX The Hartford Strategic Income Fund | 0.04% | 8.00% | 6.81% | 9.40% | -12.77% | 0.58% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between HSNIX and BRW is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.16 |
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Return for Risk
HSNIX vs. BRW — Risk / Return Rank
HSNIX
BRW
HSNIX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and Saba Capital Income & Opportunities Fund (BRW). 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.
| HSNIX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.90 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.48 | +1.74 |
| Martin ratioReturn relative to average drawdown | 4.85 | -0.80 | +5.65 |
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Drawdowns
HSNIX vs. BRW - Drawdown Comparison
The maximum HSNIX drawdown since its inception was -23.39%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for HSNIX and BRW.
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Drawdown Indicators
| HSNIX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -17.74% | -5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -17.74% | +14.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -17.74% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -17.74% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -19.44% | — | — |
Current DrawdownCurrent decline from peak | -1.39% | -9.19% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -4.10% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 10.60% | -9.73% |
Volatility
HSNIX vs. BRW - Volatility Comparison
The current volatility for The Hartford Strategic Income Fund (HSNIX) is 0.84%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that HSNIX experiences smaller price fluctuations and is considered to be less risky than BRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSNIX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 4.03% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 8.85% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 13.66% | -10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 13.01% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 12.90% | -8.32% |
HSNIX vs. BRW - Expense Ratio Comparison
HSNIX has a 0.64% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
HSNIX vs. BRW - Dividend Comparison
HSNIX's dividend yield for the trailing twelve months is around 5.80%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
HSNIX and BRW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.03%) compared to HSNIX (0.84%). In terms of maximum drawdown, HSNIX dropped -23.39% vs BRW's -17.74%.
HSNIX currently has the higher Sharpe Ratio (1.25 vs -0.62), 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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