STWTX vs. PRCIX
STWTX (Hartford Schroders Tax-Aware Bond Fund) and PRCIX (T. Rowe Price New Income Fund) are both Intermediate Core Bond funds. Over the past 10 years, STWTX returned 1.77%/yr vs 1.60%/yr for PRCIX. A 0.61 correlation means they provide meaningful diversification when combined. STWTX charges 0.49%/yr vs 0.44%/yr for PRCIX.
Performance
STWTX vs. PRCIX - Performance Comparison
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Returns By Period
In the year-to-date period, STWTX achieves a 1.28% return, which is significantly higher than PRCIX's 0.13% return. Over the past 10 years, STWTX has outperformed PRCIX with an annualized return of 1.77%, while PRCIX has yielded a comparatively lower 1.60% annualized return.
STWTX
- 1D
- 0.10%
- 1M
- 1.61%
- YTD
- 1.28%
- 6M
- 1.43%
- 1Y
- 6.70%
- 3Y*
- 2.54%
- 5Y*
- 0.32%
- 10Y*
- 1.77%
PRCIX
- 1D
- 0.25%
- 1M
- 1.00%
- YTD
- 0.13%
- 6M
- 1.02%
- 1Y
- 6.21%
- 3Y*
- 4.78%
- 5Y*
- 0.09%
- 10Y*
- 1.60%
STWTX vs. PRCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STWTX Hartford Schroders Tax-Aware Bond Fund | 1.28% | 1.67% | 1.33% | 6.86% | -8.46% | 0.01% | 6.01% | 7.59% | 0.34% | 4.13% |
PRCIX T. Rowe Price New Income Fund | 0.13% | 8.74% | 2.50% | 5.31% | -14.87% | -0.54% | 5.77% | 9.28% | -0.62% | 4.01% |
Correlation
The correlation between STWTX and PRCIX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | 0.61 |
The correlation between STWTX and PRCIX has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
STWTX vs. PRCIX — Risk / Return Rank
STWTX
PRCIX
STWTX vs. PRCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Tax-Aware Bond Fund (STWTX) and T. Rowe Price New Income Fund (PRCIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| STWTX | PRCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.29 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.07 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.08 | 5.90 | +0.17 |
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Drawdowns
STWTX vs. PRCIX - Drawdown Comparison
The maximum STWTX drawdown since its inception was -14.44%, smaller than the maximum PRCIX drawdown of -22.34%. Use the drawdown chart below to compare losses from any high point for STWTX and PRCIX.
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Drawdown Indicators
| STWTX | PRCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.44% | -22.34% | +7.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.02% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -8.66% | -6.00% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.44% | -19.65% | +5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -14.44% | -19.65% | +5.21% |
Current DrawdownCurrent decline from peak | -0.98% | -1.42% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -4.40% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.05% | +0.05% |
Volatility
STWTX vs. PRCIX - Volatility Comparison
The current volatility for Hartford Schroders Tax-Aware Bond Fund (STWTX) is 0.73%, while T. Rowe Price New Income Fund (PRCIX) has a volatility of 1.32%. This indicates that STWTX experiences smaller price fluctuations and is considered to be less risky than PRCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STWTX | PRCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 1.32% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 3.00% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.94% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 5.97% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 4.96% | -1.03% |
STWTX vs. PRCIX - Expense Ratio Comparison
STWTX has a 0.49% expense ratio, which is higher than PRCIX's 0.44% expense ratio.
Dividends
STWTX vs. PRCIX - Dividend Comparison
STWTX's dividend yield for the trailing twelve months is around 3.41%, less than PRCIX's 5.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRCIX T. Rowe Price New Income Fund | 5.95% | 5.94% | 5.65% | 4.37% | 1.80% | 2.65% | 3.33% | 2.88% | 3.03% | 2.66% | 2.56% | 2.55% |
STWTX Hartford Schroders Tax-Aware Bond Fund | 3.41% | 2.90% | 3.20% | 3.01% | 2.20% | 2.61% | 2.90% | 4.34% | 3.47% | 2.03% | 2.85% | 2.91% |
Frequently Asked Questions
STWTX and PRCIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRCIX has higher volatility (1.32%) compared to STWTX (0.73%). In terms of maximum drawdown, STWTX dropped -14.44% vs PRCIX's -22.34%.
STWTX currently has the higher Sharpe Ratio (2.09 vs 1.58), 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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