Hartford Municipal Opportunities ETF (HMOP) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HMOP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HMOP
HMOP charges 0.29% annually. There are 82 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | HMOP vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | HMOP vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | HMOP vs FMUN | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | HMOP vs TAXT | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | HMOP vs TAXS |
Best Risk-Adjusted Alternatives to HMOP
HMOP has a PortfoliosLab risk / return rank of 57. There are 80 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | HMOP vs MYMF | |
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | HMOP vs MYMG | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | HMOP vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | HMOP vs GUMI | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.36B | Mar 2015 | HMOP vs MEAR |
Top Performing HMOP Alternatives (YTD)
HMOP is at 0.45% YTD. There are 96 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 2.90%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 2.90% | 4.54M | May 2023 | HMOP vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.46% | 30.60M | Sep 2019 | HMOP vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.45% | 28.01M | Dec 2025 | HMOP vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.42% | 142.95M | Jun 2013 | HMOP vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.17% | 26.19M | Nov 2025 | HMOP vs THYM |
Lowest Volatility Alternatives to HMOP
HMOP has 2.68% 1-year volatility. There are 68 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.95M | Sep 2025 | HMOP vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.65% | 8.74M | Sep 2024 | HMOP vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | HMOP vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | HMOP vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | HMOP vs MYMG |
Lowest Drawdown Alternatives to HMOP
HMOP has a 1-year max drawdown of -2.70%. There are 63 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | HMOP vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | HMOP vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | HMOP vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | HMOP vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | HMOP vs IBMO |
Other ETFs from Hartford
The 10 most viewed Hartford ETFs shown here include HFSI, ROUS, RODM and span 8 categories. AUM among these funds goes as high as $2B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Hartford Strategic Income ETF | Multisector Bonds | 52 | 1.08% | 1.07B | Sep 2021 | HMOP vs HFSI | |
| Hartford Multifactor US Equity ETF | Large Cap Growth Equities | 92 | 17.13% | 705.83M | Feb 2015 | HMOP vs ROUS | |
| Hartford Multifactor Developed Markets (ex-US) ETF | Foreign Large Cap Equities | 91 | 14.35% | 1.63B | Feb 2015 | HMOP vs RODM | |
| Hartford US Value ETF | Large Cap Value Equities | 94 | 18.73% | 49.18M | Dec 2023 | HMOP vs VMAX | |
| Hartford Multifactor Emerging Markets ETF | Emerging Markets Equities | 79 | 18.83% | 106.24M | Feb 2015 | HMOP vs ROAM | |
| Hartford Schroders Tax-Aware Bond ETF | Intermediate Core Bond | 52 | 0.59% | 288.21M | Apr 2018 | HMOP vs HTAB | |
| Hartford Core Bond ETF | Intermediate Core Bond | 23 | -0.44% | 398.57M | Feb 2020 | HMOP vs HCRB | |
| Hartford Multifactor Small Cap ETF | Small Cap Blend Equities | 94 | 21.44% | 61.48M | Mar 2015 | HMOP vs ROSC | |
| Hartford Total Return Bond ETF | Intermediate Core-Plus Bond | 26 | -0.39% | 2.21B | Sep 2017 | HMOP vs HTRB | |
| Hartford Large Cap Growth ETF | Large Cap Growth Equities | 27 | 5.49% | 200.91M | Nov 2021 | HMOP vs HFGO |
Often Compared With HMOP
Investors most often compare HMOP with MMIT, FMB, MUNI. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare HMOP with Any Fund or Stock
Compare HMOP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HMOP with funds that move differently
Hartford Municipal Opportunities ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HMOP.
Explore HMOP Diversifiers