Global X Active Canadian Municipal Bond ETF (HMP.TO) Alternatives

ETF · Currency in CAD · Last updated Jun 6, 2026

Global X Active Canadian Municipal Bond ETF (HMP) is an actively managed fixed income ETF that seeks to provide a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars. The fund is sub-advised by Fiera Capital Corporation, which uses independent credit analysis to select municipal issuers offering attractive yields with low default risk. HMP pays monthly distributions and was originally launched as a Horizons ETF before being rebranded to Global X.

Global X Active Canadian Municipal Bond ETF (HMP.TO) 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 HMP.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

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Diversifiers

Pair HMP.TO with funds that move differently

Global X Active Canadian Municipal Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HMP.TO.

Explore HMP.TO Diversifiers