VMAX vs. HSRT

Last updated Jun 4, 2026

VMAX (Hartford US Value ETF) and HSRT (Hartford AAA CLO ETF) are both exchange-traded funds - VMAX is a Large Cap Value Equities fund actively managed by Hartford, while HSRT is a CLO fund tracking the JP Morgan CLOIE AAA Index. VMAX is actively managed, while HSRT is passively managed. At a 0.05 correlation, their price movements are largely independent. VMAX charges 0.29%/yr vs 0.24%/yr for HSRT.

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.

Returns By Period

VMAX

• 1D: -0.50%
• 1M: 2.11%
• YTD: 12.22%
• 6M: 13.50%
• 1Y: 27.28%
• 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 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VMAX Hartford US Value ETF	12.22%	15.65%	15.89%	6.98%
HSRT Hartford AAA CLO ETF	0.00%	0.60%	6.44%	1.34%

Correlation

The correlation between VMAX and HSRT is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.05

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: 75
VMAX Sharpe Ratio Rank: 67
VMAX Sortino Ratio Rank: 67
VMAX Omega Ratio Rank: 65
VMAX Calmar Ratio Rank: 90
VMAX Martin Ratio Rank: 88

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	2.25	—	—
Sortino ratio: Return per unit of downside risk	3.07	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	5.56	—	—
Martin ratio: Return relative to average drawdown	19.55	—	—
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	2.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	—	—

Drawdowns

Drawdown Indicators

	VMAX	HSRT	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	—	—
Current Drawdown Current decline from peak	-0.50%	—	—
Average Drawdown Average peak-to-trough decline	-2.57%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	—	—

Volatility

Volatility by Period

	VMAX	HSRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	—	—

VMAX vs. HSRT - Expense Ratio Comparison

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

Dividends

VMAX vs. HSRT - Dividend Comparison

VMAX's dividend yield for the trailing twelve months is around 1.91%, while HSRT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSRT Hartford AAA CLO ETF	0.00%	1.29%	6.37%	3.98%	2.67%	2.23%	2.88%	3.50%	1.62%
VMAX Hartford US Value ETF	1.91%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VMAX and HSRT in my portfolio?

VMAX and HSRT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VMAX or HSRT?

On fees, HSRT is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMAX or HSRT?

HSRT is cheaper with a 0.24% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, VMAX or HSRT?

VMAX has the higher dividend yield at 1.91%, compared with 0.00% for HSRT.

What is the main difference between VMAX and HSRT?

VMAX is categorized as Large Cap Value Equities, while HSRT is CLO. Their fees differ too: 0.29% for VMAX and 0.24% for HSRT.