HSNIX vs. SEMNX

Last updated Jun 24, 2026

HSNIX (The Hartford Strategic Income Fund) and SEMNX (Hartford Schroders Emerging Markets Equity Fund Class I) are both mutual funds - HSNIX is a Multisector Bonds fund managed by Hartford, while SEMNX is a Emerging Markets Equities fund managed by Hartford. Over the past 10 years, HSNIX returned 4.47%/yr vs 12.46%/yr for SEMNX. At a 0.24 correlation, their price movements are largely independent. HSNIX charges 0.64%/yr vs 1.23%/yr for SEMNX.

Performance

HSNIX vs. SEMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Hartford Strategic Income Fund (HSNIX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSNIX achieves a 0.94% return, which is significantly lower than SEMNX's 36.34% return. Over the past 10 years, HSNIX has underperformed SEMNX with an annualized return of 4.47%, while SEMNX has yielded a comparatively higher 12.46% 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%

SEMNX

• 1D: 0.48%
• 1M: 8.46%
• YTD: 36.34%
• 6M: 38.20%
• 1Y: 72.84%
• 3Y*: 28.21%
• 5Y*: 9.42%
• 10Y*: 12.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HSNIX vs. SEMNX - 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%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	36.34%	40.36%	7.56%	8.80%	-22.30%	-5.11%	23.58%	22.12%	-15.57%	40.87%

Correlation

The correlation between HSNIX and SEMNX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 31, 2007	0.24

The correlation between HSNIX and SEMNX shifts across timeframes, from 0.24 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HSNIX vs. SEMNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HSNIX

HSNIX Risk / Return Rank: 55
HSNIX Sharpe Ratio Rank: 61
HSNIX Sortino Ratio Rank: 65
HSNIX Omega Ratio Rank: 68
HSNIX Calmar Ratio Rank: 35
HSNIX Martin Ratio Rank: 45

SEMNX

SEMNX Risk / Return Rank: 91
SEMNX Sharpe Ratio Rank: 96
SEMNX Sortino Ratio Rank: 85
SEMNX Omega Ratio Rank: 89
SEMNX Calmar Ratio Rank: 93
SEMNX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HSNIX vs. SEMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Hartford Strategic Income Fund (HSNIX) and Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX). 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	SEMNX	Difference
Sharpe ratio: Return per unit of total volatility	2.11	3.21	-1.11
Sortino ratio: Return per unit of downside risk	3.06	3.74	-0.68
Omega ratio: Gain probability vs. loss probability	1.42	1.59	-0.18
Calmar ratio: Return relative to maximum drawdown	2.14	4.95	-2.81
Martin ratio: Return relative to average drawdown	8.88	18.87	-9.99

HSNIX vs. SEMNX - Sharpe Ratio Comparison

The current HSNIX Sharpe Ratio is 2.11, which is lower than the SEMNX Sharpe Ratio of 3.21. The chart below compares the historical Sharpe Ratios of HSNIX and SEMNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HSNIX vs. SEMNX - Drawdown Comparison

The maximum HSNIX drawdown since its inception was -23.39%, smaller than the maximum SEMNX drawdown of -65.10%. Use the drawdown chart below to compare losses from any high point for HSNIX and SEMNX.

Drawdown Indicators

	HSNIX	SEMNX	Difference
Max Drawdown Largest peak-to-trough decline	-23.39%	-65.10%	+41.71%
Max Drawdown (1Y) Largest decline over 1 year	-3.35%	-14.80%	+11.45%
Max Drawdown (3Y) Largest decline over 3 years	-5.13%	-16.67%	+11.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.44%	-39.49%	+20.05%
Max Drawdown (10Y) Largest decline over 10 years	-19.44%	-42.47%	+23.03%
Current Drawdown Current decline from peak	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-3.12%	-17.22%	+14.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	3.88%	-3.07%

Volatility

HSNIX vs. SEMNX - Volatility Comparison

The current volatility for The Hartford Strategic Income Fund (HSNIX) is 1.01%, while Hartford Schroders Emerging Markets Equity Fund Class I (SEMNX) has a volatility of 12.31%. This indicates that HSNIX experiences smaller price fluctuations and is considered to be less risky than SEMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSNIX	SEMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.01%	12.31%	-11.30%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	20.43%	-17.72%
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	22.85%	-19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.73%	18.83%	-14.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.59%	18.95%	-14.36%

HSNIX vs. SEMNX - Expense Ratio Comparison

HSNIX has a 0.64% expense ratio, which is lower than SEMNX's 1.23% expense ratio.

Dividends

HSNIX vs. SEMNX - Dividend Comparison

HSNIX's dividend yield for the trailing twelve months is around 6.23%, more than SEMNX's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SEMNX Hartford Schroders Emerging Markets Equity Fund Class I	1.16%	1.58%	1.16%	1.33%	1.86%	1.21%	0.77%	2.17%	1.22%	0.82%	0.94%	0.94%

Frequently Asked Questions

Can I hold both HSNIX and SEMNX in my portfolio?

HSNIX and SEMNX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSNIX or SEMNX?

SEMNX has higher volatility (12.31%) compared to HSNIX (1.01%). In terms of maximum drawdown, HSNIX dropped -23.39% vs SEMNX's -65.10%.

Which has better risk-adjusted returns?

SEMNX currently has the higher Sharpe Ratio (3.21 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.