HMOP vs. AMUN
HMOP (Hartford Municipal Opportunities ETF) and AMUN (abrdn Ultra Short Municipal Income Active ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. HMOP charges 0.29%/yr vs 0.25%/yr for AMUN.
Performance
HMOP vs. AMUN - Performance Comparison
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Returns By Period
In the year-to-date period, HMOP achieves a 1.37% return, which is significantly higher than AMUN's 1.25% return.
HMOP
- 1D
- -0.31%
- 1M
- 0.84%
- YTD
- 1.37%
- 6M
- 1.52%
- 1Y
- 5.59%
- 3Y*
- 4.21%
- 5Y*
- 1.32%
- 10Y*
- —
AMUN
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.25%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HMOP vs. AMUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 1.37% | 0.55% |
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.25% | 0.14% |
Correlation
The correlation between HMOP and AMUN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 20, 2025 | 0.18 |
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Return for Risk
HMOP vs. AMUN — Risk / Return Rank
HMOP
AMUN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HMOP vs. AMUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and abrdn Ultra Short Municipal Income Active ETF (AMUN). 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.
| HMOP | AMUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | — | — |
| Martin ratioReturn relative to average drawdown | 6.58 | — | — |
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Drawdowns
HMOP vs. AMUN - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, which is greater than AMUN's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for HMOP and AMUN.
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Drawdown Indicators
| HMOP | AMUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -0.61% | -12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | 0.00% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -0.08% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | — | — |
Volatility
HMOP vs. AMUN - Volatility Comparison
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Volatility by Period
| HMOP | AMUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 0.98% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 0.98% | +2.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 0.98% | +3.27% |
HMOP vs. AMUN - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than AMUN's 0.25% expense ratio.
Dividends
HMOP vs. AMUN - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.46%, more than AMUN's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.88% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HMOP Hartford Municipal Opportunities ETF | 3.46% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% |
Frequently Asked Questions
HMOP and AMUN have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMUN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMUN is cheaper with a 0.25% expense ratio, compared with 0.29% for HMOP.
HMOP has the higher dividend yield at 3.46%, compared with 1.88% for AMUN.
They also come from different issuers: Hartford and abrdn. Their fees differ too: 0.29% for HMOP and 0.25% for AMUN.
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