HTRB vs. PAIIX

Last updated Jun 4, 2026

HTRB (Hartford Total Return Bond ETF) and PAIIX (PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)) are both funds - HTRB is a Intermediate Core-Plus Bond fund actively managed by Hartford, while PAIIX is a Global Bonds fund managed by PIMCO. Over the past 5 years, HTRB returned 0.40%/yr vs 2.14%/yr for PAIIX. A 0.58 correlation means they provide meaningful diversification when combined. HTRB charges 0.29%/yr vs 0.90%/yr for PAIIX.

Performance

HTRB vs. PAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Total Return Bond ETF (HTRB) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTRB achieves a 0.26% return, which is significantly higher than PAIIX's -0.60% return.

HTRB

• 1D: -0.24%
• 1M: 0.29%
• YTD: 0.26%
• 6M: 0.10%
• 1Y: 5.77%
• 3Y*: 4.63%
• 5Y*: 0.40%
• 10Y*: —

PAIIX

• 1D: 0.10%
• 1M: 1.12%
• YTD: -0.60%
• 6M: -0.80%
• 1Y: 4.73%
• 3Y*: 5.44%
• 5Y*: 2.14%
• 10Y*: 2.90%

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

HTRB vs. PAIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTRB Hartford Total Return Bond ETF	0.26%	7.38%	2.35%	7.15%	-14.36%	-0.80%	8.87%	10.39%	-0.88%	1.02%
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)	-0.60%	8.23%	4.02%	6.63%	-6.00%	-0.84%	6.95%	6.40%	-0.80%	0.64%

Correlation

The correlation between HTRB and PAIIX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Sep 29, 2017	0.58

The correlation between HTRB and PAIIX shifts across timeframes, from 0.58 (all time) to 0.73 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HTRB vs. PAIIX — Risk / Return Rank

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

HTRB

HTRB Risk / Return Rank: 42
HTRB Sharpe Ratio Rank: 43
HTRB Sortino Ratio Rank: 45
HTRB Omega Ratio Rank: 42
HTRB Calmar Ratio Rank: 41
HTRB Martin Ratio Rank: 39

PAIIX

PAIIX Risk / Return Rank: 16
PAIIX Sharpe Ratio Rank: 17
PAIIX Sortino Ratio Rank: 17
PAIIX Omega Ratio Rank: 20
PAIIX Calmar Ratio Rank: 12
PAIIX Martin Ratio Rank: 12

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.

HTRB vs. PAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Total Return Bond ETF (HTRB) and PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX). 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.

	HTRB	PAIIX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.17	+0.34
Sortino ratio: Return per unit of downside risk	2.26	1.72	+0.54
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.03
Calmar ratio: Return relative to maximum drawdown	2.06	1.12	+0.93
Martin ratio: Return relative to average drawdown	6.09	3.70	+2.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HTRB vs. PAIIX - Sharpe Ratio Comparison

The current HTRB Sharpe Ratio is 1.51, which is comparable to the PAIIX Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of HTRB and PAIIX, 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

	HTRB	PAIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	1.17	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.63	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.10	-0.70

Drawdowns

HTRB vs. PAIIX - Drawdown Comparison

The maximum HTRB drawdown since its inception was -19.48%, which is greater than PAIIX's maximum drawdown of -13.59%. Use the drawdown chart below to compare losses from any high point for HTRB and PAIIX.

Drawdown Indicators

	HTRB	PAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-13.59%	-5.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-4.25%	+1.43%
Max Drawdown (3Y) Largest decline over 3 years	-6.52%	-4.25%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-19.48%	-9.83%	-9.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.44%	—
Current Drawdown Current decline from peak	-1.55%	-1.52%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.81%	-1.99%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.29%	-0.34%

Volatility

HTRB vs. PAIIX - Volatility Comparison

The current volatility for Hartford Total Return Bond ETF (HTRB) is 1.28%, while PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (PAIIX) has a volatility of 1.47%. This indicates that HTRB experiences smaller price fluctuations and is considered to be less risky than PAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTRB	PAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.47%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	2.73%	3.58%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	4.09%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.12%	3.42%	+2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.57%	3.01%	+2.56%

HTRB vs. PAIIX - Expense Ratio Comparison

HTRB has a 0.29% expense ratio, which is lower than PAIIX's 0.90% expense ratio.

Dividends

HTRB vs. PAIIX - Dividend Comparison

HTRB's dividend yield for the trailing twelve months is around 4.63%, less than PAIIX's 4.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HTRB Hartford Total Return Bond ETF	4.63%	4.66%	4.45%	3.87%	3.08%	4.22%	4.79%	6.30%	2.37%	0.96%	0.00%	0.00%
PAIIX PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged)	4.69%	4.44%	3.72%	2.05%	7.25%	2.59%	1.90%	3.75%	1.78%	2.73%	2.23%	5.44%

Frequently Asked Questions

Can I hold both HTRB and PAIIX in my portfolio?

HTRB and PAIIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTRB or PAIIX?

PAIIX has higher volatility (1.47%) compared to HTRB (1.28%). In terms of maximum drawdown, HTRB dropped -19.48% vs PAIIX's -13.59%.

Which has better risk-adjusted returns?

HTRB currently has the higher Sharpe Ratio (1.51 vs 1.17), 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.