CARY vs HFSI
Angel Oak Income ETF vs Hartford Strategic Income ETF
Which is better, CARY or HFSI?
Each has led over a different period.
HFSI has a lower expense ratio. CARY led over 1Y and 3Y, HFSI over the full window. The two have moved almost in lockstep, correlation 0.90.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CARY | HFSI |
|---|---|---|
| Expense Ratio | 0.79% | 0.49%Best |
| AUM | $1.4B | $1.2B |
| Dividend Yield | 5.99% | 5.47% |
| Holdings | 818 | 2,432 |
| YTD Return | +0.90%Best | -5.30% |
| 1Y Return | +2.06%Best | -5.11% |
| 3Y Return (annualized) | +6.62%Best | +6.44% |
| 5Y Return (annualized) | - | +1.31% |
| Volatility (annualized) | 2.9%Best | 5.7% |
| Max Drawdown | -2.3%Best | -6.6% |
| $10,000 over 3.9 years | $12,751 | $12,845Best |
| Fund Family | Angel Oak Capital Advisors | Hartford Funds |
| Category | Fixed Income | Fixed Income |
| Style | Diversified Sectoral Bond | Diversified Sectoral Bond |
| Inception | Nov 7, 2022 | Sep 21, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 8, 2022 to Oct 14, 2026 (3.9 years).
CARY vs HFSI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
CARY vs HFSI Performance
Angel Oak Income ETF (CARY) is an ETF from Angel Oak Capital Advisors and Hartford Strategic Income ETF (HFSI) is an ETF from Hartford Funds. Over the past year CARY returned +2.06% while HFSI returned -5.11%. Year to date, CARY is up 0.90% versus a loss of 5.30% for HFSI.
Over three years, CARY compounded at +6.62% per year against +6.44% for HFSI. Across the full 4-year window we track, HFSI has the edge at +6.63% annualized vs +6.43%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HFSI has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 2.9% for CARY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.3% for CARY and -6.6% for HFSI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CARY charges 0.79% per year while HFSI charges 0.49%. On a $10,000 position that is $79 vs $49 annually, a gap of $30 per year that compounds over a long holding period. On income, CARY currently yields 5.99% against 5.47% for HFSI.
Holdings Overlap
We hold position weights for 241 holdings in CARY and 303 in HFSI, totalling 20.8% and 54.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 7 positions appear in both.
7 positions in common, counted across the 241 positions we hold weights for in CARY and 303 in HFSI, against full books of 818 and 2,432.
Top Shared Holdings
| Stock | Weight in CARY | Weight in HFSI | Difference |
|---|---|---|---|
| GSYCN 6.875 02/15/31Goeasy Ltd 144A Feb 15, 2031 6.88 | 0.12% | 0.30% | 0.18% |
| DTV 10 02/15/31 144ADirectv Fin Llc/Coinc Sr Secured 144A 02/31 10 | 0.21% | 0.02% | 0.19% |
| VISANT 8.375 12/01/3Champ Acquisit 8.375% 12/01/31 | 0.13% | 0.04% | 0.09% |
| ACHC 7.375 03/15/33 | 0.12% | 0.04% | 0.08% |
| TRIVIU 12.25 01/15/3Trivium Packaging Finance Bv 144A 12.25% Jan 15, 2031 | 0.05% | 0.02% | 0.03% |
| MSC 2014-150E AMorgan Stanley Capital I Trust 2014-150E 3.912 09-09-2032 | 0.05% | 0.01% | 0.04% |
| SSTRT 2025-A DSecuritized Term Auto Receivables Trust 6.75 07/25/2031 | 0.03% | 0.00% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of CARY and HFSI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CARY or HFSI?
CARY has an expense ratio of 0.79% while HFSI charges 0.49%. HFSI is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, CARY or HFSI?
Over the past year CARY returned +2.06% vs -5.11% for HFSI, so CARY leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.43% vs +6.63% for HFSI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CARY or HFSI?
HFSI has been the more volatile fund at 5.7% annualized versus 2.9% for CARY. Worst drawdown: CARY -2.3% vs HFSI -6.6%.
Should I hold both CARY and HFSI?
CARY and HFSI have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, CARY or HFSI?
CARY yields 5.99% while HFSI yields 5.47%, so CARY currently pays the higher dividend yield.
Is HFSI better than CARY?
HFSI has a lower expense ratio. CARY led over 1Y and 3Y, HFSI over the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.