HSRT vs. VMAX

Last updated Jun 4, 2026

HSRT (Hartford AAA CLO ETF) and VMAX (Hartford US Value ETF) are both exchange-traded funds - HSRT is a CLO fund tracking the JP Morgan CLOIE AAA Index, while VMAX is a Large Cap Value Equities fund actively managed by Hartford. HSRT is passively managed, while VMAX is actively managed. At a 0.05 correlation, their price movements are largely independent. HSRT charges 0.24%/yr vs 0.29%/yr for VMAX.

Performance

HSRT vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford AAA CLO ETF (HSRT) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HSRT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VMAX

• 1D: -0.50%
• 1M: 2.11%
• YTD: 12.22%
• 6M: 13.50%
• 1Y: 27.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSRT vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HSRT Hartford AAA CLO ETF	0.00%	0.60%	6.44%	1.34%
VMAX Hartford US Value ETF	12.22%	15.65%	15.89%	6.98%

Correlation

The correlation between HSRT and VMAX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.05

Return for Risk

HSRT vs. VMAX — Risk / Return Rank

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

VMAX

VMAX Risk / Return Rank: 75
VMAX Sharpe Ratio Rank: 67
VMAX Sortino Ratio Rank: 67
VMAX Omega Ratio Rank: 65
VMAX Calmar Ratio Rank: 90
VMAX Martin Ratio Rank: 88

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.

HSRT vs. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford AAA CLO ETF (HSRT) and Hartford US Value ETF (VMAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	HSRT	VMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.37	—

Drawdowns

Drawdown Indicators

	HSRT	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.05%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.93%	—
Current Drawdown Current decline from peak	—	-0.50%	—
Average Drawdown Average peak-to-trough decline	—	-2.57%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.40%	—

Volatility

Volatility by Period

	HSRT	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.22%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.45%	—

HSRT vs. VMAX - Expense Ratio Comparison

HSRT has a 0.24% expense ratio, which is lower than VMAX's 0.29% expense ratio.

Dividends

HSRT vs. VMAX - Dividend Comparison

HSRT has not paid dividends to shareholders, while VMAX's dividend yield for the trailing twelve months is around 1.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%
VMAX Hartford US Value ETF	1.91%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HSRT and VMAX in my portfolio?

HSRT and VMAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSRT or VMAX?

On fees, HSRT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSRT or VMAX?

HSRT is cheaper with a 0.24% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, HSRT or VMAX?

VMAX has the higher dividend yield at 1.91%, compared with 0.00% for HSRT.

What is the main difference between HSRT and VMAX?

HSRT is categorized as CLO, while VMAX is Large Cap Value Equities. Their fees differ too: 0.24% for HSRT and 0.29% for VMAX.