HSNIX vs. HFLYX
HSNIX (The Hartford Strategic Income Fund) and HFLYX (Hartford Floating Rate Fund) are both mutual funds - HSNIX is a Multisector Bonds fund managed by Hartford, while HFLYX is a Bank Loan fund managed by Hartford. Over the past 10 years, HSNIX returned 4.08%/yr vs 4.18%/yr for HFLYX. Their 0.34 correlation means their historical movements had little consistent relationship. HSNIX charges 0.64%/yr vs 0.74%/yr for HFLYX.
Performance
HSNIX vs. HFLYX - 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 HFLYX's 1.43% return. Both investments have delivered pretty close results over the past 10 years, with HSNIX having a 4.08% annualized return and HFLYX not far ahead at 4.18%.
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%
HFLYX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.64%
- YTD
- 1.43%
- 1Y
- 2.77%
- 3Y*
- 5.19%
- 5Y*
- 4.02%
- 10Y*
- 4.18%
- ALL TIME*
- 4.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HSNIX vs. HFLYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HSNIX The Hartford Strategic Income Fund | 0.04% | 8.00% | 6.81% | 9.40% | -12.77% | 0.17% | 12.54% | 11.94% | -1.57% | 8.92% |
HFLYX Hartford Floating Rate Fund | 1.43% | 4.79% | 6.50% | 9.79% | -3.40% | 4.02% | 1.32% | 8.56% | -0.62% | 4.94% |
Correlation
The correlation between HSNIX and HFLYX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | 0.34 |
The correlation between HSNIX and HFLYX shifts across timeframes, from 0.17 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HSNIX vs. HFLYX — Risk / Return Rank
HSNIX
HFLYX
HSNIX vs. HFLYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and Hartford Floating Rate Fund (HFLYX). 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 | HFLYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.75 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.85 | 5.35 | -0.50 |
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Drawdowns
HSNIX vs. HFLYX - Drawdown Comparison
The maximum HSNIX drawdown since its inception was -23.39%, smaller than the maximum HFLYX drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for HSNIX and HFLYX.
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Drawdown Indicators
| HSNIX | HFLYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.39% | -33.12% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -1.95% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.13% | -3.42% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.44% | -7.48% | -11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -19.44% | -22.42% | +2.98% |
Current DrawdownCurrent decline from peak | -1.39% | -0.14% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -2.05% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.64% | +0.23% |
Volatility
HSNIX vs. HFLYX - Volatility Comparison
The Hartford Strategic Income Fund (HSNIX) has a higher volatility of 0.84% compared to Hartford Floating Rate Fund (HFLYX) at 0.31%. This indicates that HSNIX's price experiences larger fluctuations and is considered to be riskier than HFLYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSNIX | HFLYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 0.31% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.06% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 2.73% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.75% | 3.00% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 4.09% | +0.49% |
HSNIX vs. HFLYX - Expense Ratio Comparison
HSNIX has a 0.64% expense ratio, which is lower than HFLYX's 0.74% expense ratio.
Dividends
HSNIX vs. HFLYX - Dividend Comparison
HSNIX's dividend yield for the trailing twelve months is around 5.80%, less than HFLYX's 7.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFLYX Hartford Floating Rate Fund | 7.08% | 7.23% | 6.68% | 7.20% | 5.18% | 3.22% | 3.68% | 4.68% | 6.17% | 4.23% | 4.34% | 4.72% |
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 HFLYX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HSNIX has higher volatility (0.84%) compared to HFLYX (0.31%). In terms of maximum drawdown, HSNIX dropped -23.39% vs HFLYX's -33.12%.
HFLYX currently has the higher Sharpe Ratio (1.25 vs 1.25), 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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