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 6.94%/yr vs 7.84%/yr for HFSI. At a 0.27 correlation, their price movements are largely independent.
Performance
TSI vs. HFSI - Performance Comparison
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Returns By Period
In the year-to-date period, TSI achieves a -6.33% return, which is significantly lower than HFSI's 1.15% return.
TSI
- 1D
- 0.67%
- 1M
- -0.48%
- 6M
- -5.56%
- YTD
- -6.33%
- 1Y
- -1.55%
- 3Y*
- 6.94%
- 5Y*
- 1.99%
- 10Y*
- 4.93%
HFSI
- 1D
- -0.30%
- 1M
- -0.26%
- 6M
- 0.74%
- YTD
- 1.15%
- 1Y
- 6.24%
- 3Y*
- 7.84%
- 5Y*
- —
- 10Y*
- —
TSI vs. HFSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -6.33% | 9.72% | 13.45% | 7.13% | -14.33% | 3.56% |
HFSI Hartford Strategic Income ETF | 1.15% | 9.56% | 7.91% | 9.91% | -12.60% | -1.24% |
Correlation
The correlation between TSI and HFSI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 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 | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.05 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.45 | 8.20 | -8.66 |
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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% | -5.11% | -3.19% |
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 | -6.36% | -0.75% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.60% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 0.76% | +3.11% |
Volatility
TSI vs. HFSI - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 2.08% compared to Hartford Strategic Income ETF (HFSI) at 0.96%. 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 | 2.08% | 0.96% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 2.67% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.35% | 3.44% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 4.94% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 4.94% | +9.09% |
Dividends
TSI vs. HFSI - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 7.70%, more than HFSI's 5.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 5.59% | 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. | 7.70% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (2.08%) compared to HFSI (0.96%). In terms of maximum drawdown, TSI dropped -60.35% vs HFSI's -19.34%.
HFSI currently has the higher Sharpe Ratio (1.83 vs -0.21), 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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