HSNIX vs. FFRHX
HSNIX (The Hartford Strategic Income Fund) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - HSNIX is a Multisector Bonds fund managed by Hartford, while FFRHX is a Bank Loan fund actively managed by Fidelity. Over the past 10 years, HSNIX returned 4.47%/yr vs 4.98%/yr for FFRHX. At a 0.32 correlation, their price movements are largely independent. HSNIX charges 0.64%/yr vs 0.67%/yr for FFRHX.
Performance
HSNIX vs. FFRHX - Performance Comparison
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Returns By Period
In the year-to-date period, HSNIX achieves a 0.94% return, which is significantly lower than FFRHX's 1.71% return. Over the past 10 years, HSNIX has underperformed FFRHX with an annualized return of 4.47%, while FFRHX has yielded a comparatively higher 4.98% annualized return.
HSNIX
- 1D
- -0.25%
- 1M
- 0.78%
- YTD
- 0.94%
- 6M
- 1.07%
- 1Y
- 6.88%
- 3Y*
- 6.93%
- 5Y*
- 2.02%
- 10Y*
- 4.47%
FFRHX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.71%
- 6M
- 2.32%
- 1Y
- 5.89%
- 3Y*
- 7.20%
- 5Y*
- 5.40%
- 10Y*
- 4.98%
HSNIX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSNIX The Hartford Strategic Income Fund | 0.94% | 8.00% | 6.81% | 9.40% | -12.77% | 0.17% | 12.54% | 11.94% | -1.57% | 8.92% |
FFRHX Fidelity Floating Rate High Income Fund | 1.71% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between HSNIX and FFRHX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.32 |
Over the past year, the correlation between HSNIX and FFRHX has dropped to 0.12 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
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Return for Risk
HSNIX vs. FFRHX — Risk / Return Rank
HSNIX
FFRHX
HSNIX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and Fidelity Floating Rate High Income Fund (FFRHX). 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 | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.87 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 4.97 | -2.82 |
| Martin ratioReturn relative to average drawdown | 8.88 | 17.06 | -8.18 |
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Drawdowns
HSNIX vs. FFRHX - Drawdown Comparison
The maximum HSNIX drawdown since its inception was -23.39%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for HSNIX and FFRHX.
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Drawdown Indicators
| HSNIX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -22.20% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -1.19% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -3.29% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -5.90% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -19.44% | -22.20% | +2.76% |
Current DrawdownCurrent decline from peak | -0.50% | -0.44% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -1.15% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.35% | +0.46% |
Volatility
HSNIX vs. FFRHX - Volatility Comparison
The Hartford Strategic Income Fund (HSNIX) has a higher volatility of 1.01% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that HSNIX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSNIX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.66% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 1.63% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.41% | 2.37% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 2.88% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.59% | 4.14% | +0.45% |
HSNIX vs. FFRHX - Expense Ratio Comparison
HSNIX has a 0.64% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Dividends
HSNIX vs. FFRHX - Dividend Comparison
HSNIX's dividend yield for the trailing twelve months is around 6.23%, less than FFRHX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
HSNIX The Hartford Strategic Income Fund | 6.23% | 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 FFRHX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSNIX has higher volatility (1.01%) compared to FFRHX (0.66%). In terms of maximum drawdown, HSNIX dropped -23.39% vs FFRHX's -22.20%.
FFRHX currently has the higher Sharpe Ratio (2.50 vs 2.11), 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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