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HTAB vs. BKAG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

HTAB vs. BKAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Schroders Tax-Aware Bond ETF (HTAB) and BNY Mellon Core Bond ETF (BKAG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HTAB achieves a 1.59% return, which is significantly higher than BKAG's 0.41% return.


HTAB

1D
0.10%
1M
0.57%
YTD
1.59%
6M
1.70%
1Y
6.71%
3Y*
3.35%
5Y*
0.71%
10Y*

BKAG

1D
0.12%
1M
0.25%
YTD
0.41%
6M
0.45%
1Y
4.67%
3Y*
4.00%
5Y*
0.09%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

HTAB vs. BKAG - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
HTAB
Hartford Schroders Tax-Aware Bond ETF
1.59%2.86%1.52%7.16%-8.33%-0.12%5.31%
BKAG
BNY Mellon Core Bond ETF
0.41%7.23%1.17%5.67%-13.29%-1.46%2.15%

Correlation

The correlation between HTAB and BKAG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2020

0.67

The correlation between HTAB and BKAG shifts across timeframes, from 0.65 (1 year) to 0.76 (3 years), reflecting how their relationship changes across market environments.

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Return for Risk

HTAB vs. BKAG — Risk / Return Rank

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

HTAB
HTAB Risk / Return Rank: 5050
Overall Rank
HTAB Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
HTAB Sortino Ratio Rank: 5252
Sortino Ratio Rank
HTAB Omega Ratio Rank: 5353
Omega Ratio Rank
HTAB Calmar Ratio Rank: 4949
Calmar Ratio Rank
HTAB Martin Ratio Rank: 4747
Martin Ratio Rank

BKAG
BKAG Risk / Return Rank: 3434
Overall Rank
BKAG Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
BKAG Sortino Ratio Rank: 3434
Sortino Ratio Rank
BKAG Omega Ratio Rank: 3232
Omega Ratio Rank
BKAG Calmar Ratio Rank: 3636
Calmar Ratio Rank
BKAG Martin Ratio Rank: 3434
Martin Ratio Rank
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.

HTAB vs. BKAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Tax-Aware Bond ETF (HTAB) and BNY Mellon Core Bond ETF (BKAG). 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.


HTABBKAGDifference
Sharpe ratioReturn per unit of total volatility

+0.46

Sortino ratioReturn per unit of downside risk

+0.72

Omega ratioGain probability vs. loss probability

1.32

1.21

+0.11

Calmar ratioReturn relative to maximum drawdown

2.37

1.70

+0.66

Martin ratioReturn relative to average drawdown

7.48

5.02

+2.46

HTAB vs. BKAG - Sharpe Ratio Comparison

The current HTAB Sharpe Ratio is 1.68, which is higher than the BKAG Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of HTAB and BKAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


HTABBKAGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

1.22

+0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.12

0.02

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.01

+0.43

Drawdowns

HTAB vs. BKAG - Drawdown Comparison

The maximum HTAB drawdown since its inception was -14.76%, smaller than the maximum BKAG drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for HTAB and BKAG.


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Drawdown Indicators


HTABBKAGDifference

Max Drawdown

Largest peak-to-trough decline

-14.76%

-18.53%

+3.77%

Max Drawdown (1Y)

Largest decline over 1 year

-2.85%

-2.76%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-8.42%

-6.04%

-2.38%

Max Drawdown (5Y)

Largest decline over 5 years

-14.76%

-18.00%

+3.24%

Current Drawdown

Current decline from peak

-0.76%

-2.20%

+1.44%

Average Drawdown

Average peak-to-trough decline

-2.89%

-7.12%

+4.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.90%

0.94%

-0.04%

Volatility

HTAB vs. BKAG - Volatility Comparison

Hartford Schroders Tax-Aware Bond ETF (HTAB) and BNY Mellon Core Bond ETF (BKAG) have volatilities of 1.24% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


HTABBKAGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.24%

1.21%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

2.80%

2.74%

+0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

4.02%

3.88%

+0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.74%

6.01%

-0.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.17%

5.55%

-0.38%

HTAB vs. BKAG - Expense Ratio Comparison

HTAB has a 0.39% expense ratio, which is higher than BKAG's 0.00% expense ratio.


Dividends

HTAB vs. BKAG - Dividend Comparison

HTAB's dividend yield for the trailing twelve months is around 3.83%, less than BKAG's 4.23% yield.


PositionTTM20252024202320222021202020192018
BKAG
BNY Mellon Core Bond ETF
4.23%4.17%4.26%3.33%2.49%1.55%1.16%0.00%0.00%
HTAB
Hartford Schroders Tax-Aware Bond ETF
3.83%3.88%3.57%3.21%2.26%2.18%1.64%2.77%1.61%

Frequently Asked Questions


HTAB and BKAG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HTAB has higher volatility (1.24%) compared to BKAG (1.21%). In terms of maximum drawdown, HTAB dropped -14.76% vs BKAG's -18.53%.

On 5-year performance, HTAB leads with 0.71% vs 0.09% for BKAG. On fees, BKAG is cheaper at 0.00% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, HTAB has performed better with a 0.71% return vs 0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BKAG is cheaper with a 0.00% expense ratio, compared with 0.39% for HTAB.

BKAG has the higher dividend yield at 4.23%, compared with 3.83% for HTAB.

HTAB is categorized as Intermediate Core Bond, while BKAG is Total Bond Market. They also come from different issuers: Hartford and BNY Mellon. Their fees differ too: 0.39% for HTAB and 0.00% for BKAG.

HTAB currently has the higher Sharpe Ratio (1.68 vs 1.22), 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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