TSI vs. HFSI
TSI (TCW Strategic Income Fund Inc.) and HFSI (Hartford Strategic Income ETF) are both Multisector Bonds funds. Over the past 3 years, TSI returned 6.15%/yr vs 7.81%/yr for HFSI. Their 0.27 correlation means their historical movements had little consistent relationship.
Performance
TSI vs. HFSI - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -6.99% return, which is significantly lower than HFSI's 0.81% return.
TSI
- 1D
- 0.68%
- 1M
- -0.93%
- 6M
- -5.87%
- YTD
- -6.99%
- 1Y
- -2.84%
- 3Y*
- 6.15%
- 5Y*
- 1.78%
- 10Y*
- 4.84%
- ALL TIME*
- 9.37%
HFSI
- 1D
- -0.17%
- 1M
- -0.76%
- 6M
- 0.16%
- YTD
- 0.81%
- 1Y
- 4.43%
- 3Y*
- 7.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.74M | $13.01M | $8.34M | |
| $578.11K | $579.83K | $538.15K |
TSI vs. HFSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -6.99% | 9.72% | 13.45% | 7.13% | -14.33% | 3.56% |
HFSI Hartford Strategic Income ETF | 0.81% | 9.56% | 7.91% | 9.91% | -12.60% | -1.24% |
Correlation
The correlation between TSI and HFSI is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.27 |
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Return for Risk
TSI vs. HFSI — Risk / Return Rank
TSI
HFSI
TSI vs. HFSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TCW Strategic Income Fund Inc. (TSI) 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.
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.
| TSI | HFSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.27 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.64 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.67 | 6.35 | -7.02 |
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Drawdowns
TSI vs. HFSI - Drawdown Comparison
The maximum TSI drawdown since its inception was -60.35%, which is greater than HFSI's maximum drawdown of -19.34%. Use the drawdown chart below to compare losses from any high point for TSI and HFSI.
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Drawdown Indicators
| TSI | HFSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -19.34% | -41.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.30% | -3.06% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -4.37% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.00% | — | — |
Current DrawdownCurrent decline from peak | -7.02% | -1.08% | -5.94% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.55% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 0.79% | +3.46% |
Volatility
TSI vs. HFSI - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 2.22% compared to Hartford Strategic Income ETF (HFSI) at 0.86%. This indicates that TSI'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.
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Volatility by Period
| TSI | HFSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 0.86% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 2.72% | +4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 3.42% | +4.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.83% | 4.92% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 4.92% | +9.11% |
Dividends
TSI vs. HFSI - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 8.45%, more than HFSI's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 5.62% | 5.67% | 6.51% | 5.77% | 4.87% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSI TCW Strategic Income Fund Inc. | 8.45% | 6.58% | 8.00% | 7.73% | 7.00% | 6.36% | 4.83% | 7.39% | 7.07% | 5.36% | 5.21% | 4.08% |
Frequently Asked Questions
TSI and HFSI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.22%) compared to HFSI (0.86%). In terms of maximum drawdown, TSI dropped -60.35% vs HFSI's -19.34%.
HFSI currently has the higher Sharpe Ratio (1.47 vs -0.34), 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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