FMB vs. HMOP
Compare and contrast key facts about First Trust Managed Municipal ETF (FMB) and Hartford Municipal Opportunities ETF (HMOP).
FMB and HMOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014. HMOP is an actively managed fund by Hartford. It was launched on Dec 13, 2017.
Performance
FMB vs. HMOP - Performance Comparison
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FMB vs. HMOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | -0.03% | 3.73% | 1.94% | 6.31% | -9.91% | 2.43% | 4.44% | 8.25% | 0.89% | 0.21% |
HMOP Hartford Municipal Opportunities ETF | -0.10% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
Returns By Period
In the year-to-date period, FMB achieves a -0.03% return, which is significantly higher than HMOP's -0.10% return.
FMB
- 1D
- 0.16%
- 1M
- -2.26%
- YTD
- -0.03%
- 6M
- 1.70%
- 1Y
- 4.05%
- 3Y*
- 3.14%
- 5Y*
- 0.70%
- 10Y*
- 2.30%
HMOP
- 1D
- 0.18%
- 1M
- -2.38%
- YTD
- -0.10%
- 6M
- 1.17%
- 1Y
- 4.35%
- 3Y*
- 3.81%
- 5Y*
- 1.32%
- 10Y*
- —
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FMB vs. HMOP - Expense Ratio Comparison
FMB has a 0.50% expense ratio, which is higher than HMOP's 0.29% expense ratio.
Return for Risk
FMB vs. HMOP — Risk / Return Rank
FMB
HMOP
FMB vs. HMOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Managed Municipal ETF (FMB) 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.
| FMB | HMOP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.17 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.53 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.47 | -0.29 |
Martin ratioReturn relative to average drawdown | 3.23 | 4.83 | -1.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMB | HMOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.17 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.34 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.60 | +0.04 |
Correlation
The correlation between FMB and HMOP is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FMB vs. HMOP - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 3.48%, which matches HMOP's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 3.48% | 3.37% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% |
HMOP Hartford Municipal Opportunities ETF | 3.51% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% | 0.00% | 0.00% | 0.00% |
Drawdowns
FMB vs. HMOP - Drawdown Comparison
The maximum FMB drawdown since its inception was -14.16%, which is greater than HMOP's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for FMB and HMOP.
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Drawdown Indicators
| FMB | HMOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -13.12% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -3.10% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -13.12% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -14.16% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.38% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.49% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.94% | +0.35% |
Volatility
FMB vs. HMOP - Volatility Comparison
First Trust Managed Municipal ETF (FMB) has a higher volatility of 1.31% compared to Hartford Municipal Opportunities ETF (HMOP) at 1.08%. This indicates that FMB'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
| FMB | HMOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.08% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 1.78% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.73% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.69% | 3.85% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.29% | +0.26% |