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 8.18%/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 -6.53% return, which is significantly lower than HFSI's 1.47% return.
TSI
- 1D
- 0.22%
- 1M
- -0.26%
- YTD
- -6.53%
- 6M
- -4.22%
- 1Y
- -0.26%
- 3Y*
- 6.94%
- 5Y*
- 2.14%
- 10Y*
- 5.05%
HFSI
- 1D
- -0.32%
- 1M
- 0.84%
- YTD
- 1.47%
- 6M
- 1.57%
- 1Y
- 7.69%
- 3Y*
- 8.18%
- 5Y*
- —
- 10Y*
- —
TSI vs. HFSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSI TCW Strategic Income Fund Inc. | -6.53% | 9.72% | 13.45% | 7.13% | -14.33% | 3.56% |
HFSI Hartford Strategic Income ETF | 1.47% | 9.56% | 7.91% | 9.91% | -12.60% | -1.24% |
Correlation
The correlation between TSI and HFSI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
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 | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.52 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.07 | 10.09 | -10.16 |
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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 | -6.57% | -0.35% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -5.66% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 0.76% | +2.83% |
Volatility
TSI vs. HFSI - Volatility Comparison
TCW Strategic Income Fund Inc. (TSI) has a higher volatility of 1.45% compared to Hartford Strategic Income ETF (HFSI) at 1.04%. 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 | 1.45% | 1.04% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 2.64% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 3.58% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 4.96% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.03% | 4.96% | +9.07% |
Dividends
TSI vs. HFSI - Dividend Comparison
TSI's dividend yield for the trailing twelve months is around 9.17%, more than HFSI's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFSI Hartford Strategic Income ETF | 5.54% | 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. | 9.17% | 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 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSI has higher volatility (1.45%) compared to HFSI (1.04%). In terms of maximum drawdown, TSI dropped -60.35% vs HFSI's -19.34%.
HFSI currently has the higher Sharpe Ratio (2.16 vs -0.03), 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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