HTAB vs. VMAX

Last updated Jun 4, 2026

HTAB (Hartford Schroders Tax-Aware Bond ETF) and VMAX (Hartford US Value ETF) are both exchange-traded funds - HTAB is a Intermediate Core Bond fund actively managed by Hartford, while VMAX is a Large Cap Value Equities fund actively managed by Hartford. Both are actively managed. Over the past year, HTAB returned 6.89% vs 27.28% for VMAX. At a 0.16 correlation, their price movements are largely independent. HTAB charges 0.39%/yr vs 0.29%/yr for VMAX.

Performance

HTAB vs. VMAX - Performance Comparison

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

Returns By Period

In the year-to-date period, HTAB achieves a 1.48% return, which is significantly lower than VMAX's 12.22% return.

HTAB

• 1D: -0.05%
• 1M: 0.66%
• YTD: 1.48%
• 6M: 1.64%
• 1Y: 6.89%
• 3Y*: 3.43%
• 5Y*: 0.69%
• 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)

HTAB vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HTAB Hartford Schroders Tax-Aware Bond ETF	1.48%	2.86%	1.52%	2.26%
VMAX Hartford US Value ETF	12.22%	15.65%	15.89%	6.98%

Correlation

The correlation between HTAB and VMAX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.16

Return for Risk

HTAB vs. VMAX — Risk / Return Rank

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

HTAB

HTAB Risk / Return Rank: 51
HTAB Sharpe Ratio Rank: 50
HTAB Sortino Ratio Rank: 53
HTAB Omega Ratio Rank: 53
HTAB Calmar Ratio Rank: 49
HTAB Martin Ratio Rank: 47

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.

HTAB vs. VMAX - Risk-Adjusted Trends Comparison

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

	HTAB	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.25	-0.53
Sortino ratio: Return per unit of downside risk	2.56	3.07	-0.51
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.43	5.56	-3.13
Martin ratio: Return relative to average drawdown	7.68	19.55	-11.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTAB vs. VMAX - Sharpe Ratio Comparison

The current HTAB Sharpe Ratio is 1.72, which is comparable to the VMAX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of HTAB and VMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HTAB	VMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	2.25	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	1.37	-0.94

Drawdowns

HTAB vs. VMAX - Drawdown Comparison

The maximum HTAB drawdown since its inception was -14.76%, smaller than the maximum VMAX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for HTAB and VMAX.

Drawdown Indicators

	HTAB	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-14.76%	-19.05%	+4.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	-4.93%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-8.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.76%	—	—
Current Drawdown Current decline from peak	-0.86%	-0.50%	-0.36%
Average Drawdown Average peak-to-trough decline	-2.89%	-2.57%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.40%	-0.50%

Volatility

HTAB vs. VMAX - Volatility Comparison

The current volatility for Hartford Schroders Tax-Aware Bond ETF (HTAB) is 1.25%, while Hartford US Value ETF (VMAX) has a volatility of 2.55%. This indicates that HTAB experiences smaller price fluctuations and is considered to be less risky than VMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTAB	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	2.55%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	8.71%	-5.91%
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	12.22%	-8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.74%	15.45%	-9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	15.45%	-10.28%

HTAB vs. VMAX - Expense Ratio Comparison

HTAB has a 0.39% expense ratio, which is higher than VMAX's 0.29% expense ratio.

Dividends

HTAB vs. VMAX - Dividend Comparison

HTAB's dividend yield for the trailing twelve months is around 3.83%, more than VMAX's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
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 HTAB and VMAX in my portfolio?

HTAB and VMAX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTAB or VMAX?

VMAX has higher volatility (2.55%) compared to HTAB (1.25%). In terms of maximum drawdown, HTAB dropped -14.76% vs VMAX's -19.05%.

Which ETF is better, HTAB or VMAX?

On 1-year performance, VMAX leads with 27.28% vs 6.89% for HTAB. On fees, VMAX is cheaper at 0.29% per year. On volatility, HTAB has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HTAB or VMAX?

Over the 1-year period, VMAX has performed better with a 27.28% return vs 6.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HTAB or VMAX?

VMAX is cheaper with a 0.29% expense ratio, compared with 0.39% for HTAB.

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

HTAB has the higher dividend yield at 3.83%, compared with 1.91% for VMAX.

What is the main difference between HTAB and VMAX?

HTAB is categorized as Intermediate Core Bond, while VMAX is Large Cap Value Equities. Their fees differ too: 0.39% for HTAB and 0.29% for VMAX.

Which has better risk-adjusted returns?

VMAX currently has the higher Sharpe Ratio (2.25 vs 1.72), 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.