VMAX vs. HSRT

Last updated Apr 1, 2026

Compare and contrast key facts about Hartford US Value ETF (VMAX) and Hartford AAA CLO ETF (HSRT).

VMAX and HSRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMAX is an actively managed fund by Hartford. It was launched on Dec 5, 2023. HSRT is a passively managed fund by Hartford that tracks the performance of the JP Morgan CLOIE AAA Index. It was launched on May 30, 2018.

Performance

VMAX vs. HSRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford US Value ETF (VMAX) and Hartford AAA CLO ETF (HSRT). The values are adjusted to include any dividend payments, if applicable.

VMAX vs. HSRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VMAX Hartford US Value ETF	3.79%	15.65%	15.89%	6.98%
HSRT Hartford AAA CLO ETF	0.00%	0.60%	6.44%	1.34%

Returns By Period

VMAX

• 1D: 1.83%
• 1M: -1.87%
• YTD: 3.79%
• 6M: 7.09%
• 1Y: 19.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSRT

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VMAX vs. HSRT - Expense Ratio Comparison

VMAX has a 0.29% expense ratio, which is higher than HSRT's 0.24% expense ratio.

VMAX

Hartford US Value ETF

HSRT

Hartford AAA CLO ETF

Return for Risk

VMAX vs. HSRT — Risk / Return Rank

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

VMAX

VMAX Risk / Return Rank: 64
VMAX Sharpe Ratio Rank: 61
VMAX Sortino Ratio Rank: 60
VMAX Omega Ratio Rank: 64
VMAX Calmar Ratio Rank: 62
VMAX Martin Ratio Rank: 73

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.

VMAX vs. HSRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) and Hartford AAA CLO ETF (HSRT). 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.

	VMAX	HSRT	Difference
Sharpe ratio Return per unit of total volatility	1.07	—	—
Sortino ratio Return per unit of downside risk	1.53	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.55	—	—
Martin ratio Return relative to average drawdown	7.49	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VMAX	HSRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	—	—

Correlation

The correlation between VMAX and HSRT is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VMAX vs. HSRT - Dividend Comparison

VMAX's dividend yield for the trailing twelve months is around 2.06%, while HSRT has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VMAX Hartford US Value ETF	2.06%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%

Drawdowns

Drawdown Indicators

	VMAX	HSRT	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	—	—
Current Drawdown Current decline from peak	-2.36%	—	—
Average Drawdown Average peak-to-trough decline	-2.72%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	—	—

Volatility

Volatility by Period

	VMAX	HSRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.81%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	—	—