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 The Hartford. It was launched on Dec 13, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMB or HMOP.
Correlation
The correlation between FMB and HMOP is 0.63, 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.
Performance
FMB vs. HMOP - Performance Comparison
Key characteristics
FMB:
0.84
HMOP:
1.06
FMB:
1.16
HMOP:
1.50
FMB:
1.15
HMOP:
1.19
FMB:
0.51
HMOP:
1.09
FMB:
3.15
HMOP:
4.45
FMB:
0.92%
HMOP:
0.83%
FMB:
3.44%
HMOP:
3.46%
FMB:
-14.16%
HMOP:
-13.12%
FMB:
-2.13%
HMOP:
-0.64%
Returns By Period
In the year-to-date period, FMB achieves a 0.75% return, which is significantly lower than HMOP's 0.81% return.
FMB
0.75%
0.81%
0.87%
2.79%
0.52%
2.59%
HMOP
0.81%
0.96%
1.17%
3.51%
1.21%
N/A
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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.
Risk-Adjusted Performance
FMB vs. HMOP — Risk-Adjusted Performance Rank
FMB
HMOP
FMB vs. HMOP - Risk-Adjusted Performance 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.
Dividends
FMB vs. HMOP - Dividend Comparison
FMB's dividend yield for the trailing twelve months is around 2.95%, less than HMOP's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMB First Trust Managed Municipal ETF | 2.95% | 3.22% | 2.99% | 2.47% | 1.96% | 2.19% | 2.48% | 2.59% | 2.49% | 2.93% | 3.07% | 1.70% |
HMOP Hartford Municipal Opportunities ETF | 3.22% | 3.23% | 2.92% | 2.12% | 1.67% | 5.26% | 2.88% | 2.27% | 0.00% | 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. For additional features, visit the drawdowns tool.
Volatility
FMB vs. HMOP - Volatility Comparison
First Trust Managed Municipal ETF (FMB) has a higher volatility of 1.05% compared to Hartford Municipal Opportunities ETF (HMOP) at 0.95%. 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.