PYLD vs. HFSI

Last updated Jun 4, 2026

PYLD (PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund) and HFSI (Hartford Strategic Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, PYLD returned 7.40% vs 8.47% for HFSI. Their correlation of 0.85 suggests significant overlap in exposure. PYLD charges 0.55%/yr vs 0.49%/yr for HFSI.

Performance

PYLD vs. HFSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and Hartford Strategic Income ETF (HFSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PYLD achieves a 0.95% return, which is significantly lower than HFSI's 1.38% return.

PYLD

• 1D: -0.23%
• 1M: 0.53%
• YTD: 0.95%
• 6M: 1.31%
• 1Y: 7.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HFSI

• 1D: -0.20%
• 1M: 0.87%
• YTD: 1.38%
• 6M: 1.51%
• 1Y: 8.47%
• 3Y*: 8.37%
• 5Y*: —
• 10Y*: —

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

PYLD vs. HFSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	0.95%	9.57%	7.69%	5.60%
HFSI Hartford Strategic Income ETF	1.38%	9.56%	7.91%	5.66%

Correlation

The correlation between PYLD and HFSI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 23, 2023	0.85

The correlation between PYLD and HFSI has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

Return for Risk

PYLD vs. HFSI — Risk / Return Rank

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

PYLD

PYLD Risk / Return Rank: 66
PYLD Sharpe Ratio Rank: 72
PYLD Sortino Ratio Rank: 78
PYLD Omega Ratio Rank: 79
PYLD Calmar Ratio Rank: 45
PYLD Martin Ratio Rank: 58

HFSI

HFSI Risk / Return Rank: 68
HFSI Sharpe Ratio Rank: 71
HFSI Sortino Ratio Rank: 78
HFSI Omega Ratio Rank: 76
HFSI Calmar Ratio Rank: 55
HFSI Martin Ratio Rank: 61

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.

PYLD vs. HFSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) and Hartford Strategic Income ETF (HFSI). 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.

	PYLD	HFSI	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.37	+0.04
Sortino ratio: Return per unit of downside risk	3.56	3.57	-0.01
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.02
Calmar ratio: Return relative to maximum drawdown	2.29	2.78	-0.49
Martin ratio: Return relative to average drawdown	10.44	11.13	-0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYLD vs. HFSI - Sharpe Ratio Comparison

The current PYLD Sharpe Ratio is 2.42, which is comparable to the HFSI Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of PYLD and HFSI, 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

	PYLD	HFSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.37	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	2.04	0.55	+1.50

Drawdowns

PYLD vs. HFSI - Drawdown Comparison

The maximum PYLD drawdown since its inception was -4.52%, smaller than the maximum HFSI drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for PYLD and HFSI.

Drawdown Indicators

	PYLD	HFSI	Difference
Max Drawdown Largest peak-to-trough decline	-4.52%	-19.34%	+14.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.25%	-3.06%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.11%	—
Current Drawdown Current decline from peak	-0.44%	-0.20%	-0.24%
Average Drawdown Average peak-to-trough decline	-0.65%	-5.72%	+5.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.71%	0.76%	-0.05%

Volatility

PYLD vs. HFSI - Volatility Comparison

PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) has a higher volatility of 1.24% compared to Hartford Strategic Income ETF (HFSI) at 1.13%. This indicates that PYLD's price experiences larger fluctuations and is considered to be riskier than HFSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYLD	HFSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.13%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.50%	2.52%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.08%	3.58%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.99%	4.97%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.99%	4.97%	-0.98%

PYLD vs. HFSI - Expense Ratio Comparison

PYLD has a 0.55% expense ratio, which is higher than HFSI's 0.49% expense ratio.

Dividends

PYLD vs. HFSI - Dividend Comparison

PYLD's dividend yield for the trailing twelve months is around 6.30%, more than HFSI's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021
HFSI Hartford Strategic Income ETF	5.54%	5.67%	6.51%	5.77%	4.87%	0.71%
PYLD PIMCO ETF Trust - PIMCO Multisector Bond Active Exchange-Traded Fund	6.30%	6.21%	6.40%	2.72%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PYLD and HFSI in my portfolio?

PYLD and HFSI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PYLD or HFSI?

PYLD has higher volatility (1.24%) compared to HFSI (1.13%). In terms of maximum drawdown, PYLD dropped -4.52% vs HFSI's -19.34%.

Which ETF is better, PYLD or HFSI?

On 1-year performance, HFSI leads with 8.47% vs 7.40% for PYLD. On fees, HFSI is cheaper at 0.49% per year. On volatility, HFSI has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PYLD or HFSI?

Over the 1-year period, HFSI has performed better with a 8.47% return vs 7.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PYLD or HFSI?

HFSI is cheaper with a 0.49% expense ratio, compared with 0.55% for PYLD.

Which ETF pays a higher dividend yield, PYLD or HFSI?

PYLD has the higher dividend yield at 6.30%, compared with 5.54% for HFSI.

What is the main difference between PYLD and HFSI?

They also come from different issuers: PIMCO and Hartford. Their fees differ too: 0.55% for PYLD and 0.49% for HFSI.

Which has better risk-adjusted returns?

PYLD currently has the higher Sharpe Ratio (2.42 vs 2.37), 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.