CSHP vs. HMOP
CSHP (iShares Enhanced Short-Term Bond Active ETF) and HMOP (Hartford Municipal Opportunities ETF) are both exchange-traded funds - CSHP is a Ultrashort Bond fund actively managed by iShares, while HMOP is a Municipal Bonds fund actively managed by Hartford. Both are actively managed. Over the past year, CSHP returned 4.19% vs 4.22% for HMOP. Their -0.15 correlation means they have often moved in opposite directions in the past. CSHP charges 0.20%/yr vs 0.29%/yr for HMOP.
Performance
CSHP vs. HMOP - Performance Comparison
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Returns By Period
In the year-to-date period, CSHP achieves a 2.53% return, which is significantly higher than HMOP's 0.45% return.
CSHP
- 1D
- 0.15%
- 1M
- 0.50%
- 6M
- 2.23%
- YTD
- 2.53%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.37%
HMOP
- 1D
- -0.06%
- 1M
- -1.53%
- 6M
- -0.66%
- YTD
- 0.45%
- 1Y
- 4.22%
- 3Y*
- 4.03%
- 5Y*
- 1.00%
- 10Y*
- —
- ALL TIME*
- 2.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.42M | $7.30M | $2.63M | |
| $2.82M | $2.90M | $2.81M |
CSHP vs. HMOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 2.53% | 4.10% | 2.24% |
HMOP Hartford Municipal Opportunities ETF | 0.45% | 4.70% | 0.93% |
Correlation
The correlation between CSHP and HMOP is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024 | -0.15 |
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Return for Risk
CSHP vs. HMOP — Risk / Return Rank
CSHP
HMOP
CSHP vs. HMOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Short-Term Bond Active ETF (CSHP) and Hartford Municipal Opportunities ETF (HMOP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSHP | HMOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +4.37 | ||
| Omega ratioGain probability vs. loss probability | 2.79 | 1.31 | +1.48 |
| Calmar ratioReturn relative to maximum drawdown | 10.90 | 1.57 | +9.33 |
| Martin ratioReturn relative to average drawdown | 68.37 | 4.63 | +63.74 |
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Drawdowns
CSHP vs. HMOP - Drawdown Comparison
The maximum CSHP drawdown since its inception was -0.39%, smaller than the maximum HMOP drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for CSHP and HMOP.
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Drawdown Indicators
| CSHP | HMOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.39% | -13.12% | +12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -2.70% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.04% | — |
Current DrawdownCurrent decline from peak | -0.12% | -1.83% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -2.44% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.91% | -0.85% |
Volatility
CSHP vs. HMOP - Volatility Comparison
iShares Enhanced Short-Term Bond Active ETF (CSHP) has a higher volatility of 1.11% compared to Hartford Municipal Opportunities ETF (HMOP) at 0.80%. This indicates that CSHP's price experiences larger fluctuations and is considered to be riskier than HMOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSHP | HMOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 0.80% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 2.05% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 2.68% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 3.89% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 4.24% | -3.38% |
CSHP vs. HMOP - Expense Ratio Comparison
CSHP has a 0.20% expense ratio, which is lower than HMOP's 0.29% expense ratio.
Dividends
CSHP vs. HMOP - Dividend Comparison
CSHP's dividend yield for the trailing twelve months is around 4.10%, more than HMOP's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CSHP iShares Enhanced Short-Term Bond Active ETF | 4.10% | 5.39% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMOP Hartford Municipal Opportunities ETF | 3.55% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% |
Frequently Asked Questions
CSHP and HMOP have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSHP has higher volatility (1.11%) compared to HMOP (0.80%). In terms of maximum drawdown, CSHP dropped -0.39% vs HMOP's -13.12%.
On 1-year performance, HMOP leads with 4.22% vs 4.19% for CSHP. On fees, CSHP is cheaper at 0.20% per year. On volatility, HMOP has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HMOP has performed better with a 4.22% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CSHP is cheaper with a 0.20% expense ratio, compared with 0.29% for HMOP.
CSHP has the higher dividend yield at 4.10%, compared with 3.55% for HMOP.
CSHP is categorized as Ultrashort Bond, while HMOP is Municipal Bonds. They also come from different issuers: iShares and Hartford. Their fees differ too: 0.20% for CSHP and 0.29% for HMOP.
CSHP currently has the higher Sharpe Ratio (3.67 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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