HSNIX vs. FADMX
Compare and contrast key facts about The Hartford Strategic Income Fund (HSNIX) and Fidelity Strategic Income Fund (FADMX).
HSNIX is managed by Hartford Mutual Funds. It was launched on May 30, 2007. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HSNIX or FADMX.
Key characteristics
| HSNIX | FADMX | |
|---|---|---|
| YTD Return | 7.90% | 7.08% |
| 1Y Return | 15.18% | 13.51% |
| 3Y Return (Ann) | 0.50% | 0.59% |
| 5Y Return (Ann) | 3.09% | 2.57% |
| Sharpe Ratio | 3.26 | 3.20 |
| Sortino Ratio | 5.03 | 5.12 |
| Omega Ratio | 1.68 | 1.65 |
| Calmar Ratio | 1.15 | 1.28 |
| Martin Ratio | 19.44 | 19.39 |
| Ulcer Index | 0.76% | 0.63% |
| Daily Std Dev | 4.51% | 3.96% |
| Max Drawdown | -23.16% | -16.68% |
| Current Drawdown | -1.25% | -0.50% |
Correlation
The correlation between HSNIX and FADMX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HSNIX vs. FADMX - Performance Comparison
In the year-to-date period, HSNIX achieves a 7.90% return, which is significantly higher than FADMX's 7.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HSNIX vs. FADMX - Expense Ratio Comparison
HSNIX has a 0.64% expense ratio, which is lower than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
HSNIX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and Fidelity Strategic Income Fund (FADMX). 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.
Dividends
HSNIX vs. FADMX - Dividend Comparison
HSNIX's dividend yield for the trailing twelve months is around 6.42%, more than FADMX's 4.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSNIX The Hartford Strategic Income Fund | 6.42% | 6.34% | 4.71% | 3.26% | 3.04% | 4.32% | 6.83% | 6.21% | 5.02% | 4.66% | 4.19% | 4.49% |
FADMX Fidelity Strategic Income Fund | 4.31% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HSNIX vs. FADMX - Drawdown Comparison
The maximum HSNIX drawdown since its inception was -23.16%, which is greater than FADMX's maximum drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for HSNIX and FADMX. For additional features, visit the drawdowns tool.
Volatility
HSNIX vs. FADMX - Volatility Comparison
The Hartford Strategic Income Fund (HSNIX) has a higher volatility of 1.03% compared to Fidelity Strategic Income Fund (FADMX) at 0.88%. This indicates that HSNIX's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.