HMOP vs. CGMU
Compare and contrast key facts about Hartford Municipal Opportunities ETF (HMOP) and Capital Group Municipal Income ETF (CGMU).
HMOP and CGMU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMOP is an actively managed fund by Hartford. It was launched on Dec 13, 2017. CGMU is an actively managed fund by Capital Group. It was launched on Oct 25, 2022.
Performance
HMOP vs. CGMU - Performance Comparison
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HMOP vs. CGMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | -0.10% | 4.70% | 2.52% | 6.83% | 4.74% |
CGMU Capital Group Municipal Income ETF | -0.02% | 5.19% | 2.64% | 6.76% | 4.53% |
Returns By Period
In the year-to-date period, HMOP achieves a -0.10% return, which is significantly lower than CGMU's -0.02% return.
HMOP
- 1D
- 0.18%
- 1M
- -2.38%
- YTD
- -0.10%
- 6M
- 1.17%
- 1Y
- 4.35%
- 3Y*
- 3.81%
- 5Y*
- 1.32%
- 10Y*
- —
CGMU
- 1D
- 0.11%
- 1M
- -2.27%
- YTD
- -0.02%
- 6M
- 1.20%
- 1Y
- 4.71%
- 3Y*
- 3.94%
- 5Y*
- —
- 10Y*
- —
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HMOP vs. CGMU - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than CGMU's 0.27% expense ratio.
Return for Risk
HMOP vs. CGMU — Risk / Return Rank
HMOP
CGMU
HMOP vs. CGMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Capital Group Municipal Income ETF (CGMU). 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.
| HMOP | CGMU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 1.45 | -0.28 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.86 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.73 | -0.27 |
Martin ratioReturn relative to average drawdown | 4.83 | 5.83 | -1.00 |
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
| HMOP | CGMU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.45 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.60 | -0.99 |
Correlation
The correlation between HMOP and CGMU is 0.66, 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
HMOP vs. CGMU - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.51%, more than CGMU's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.51% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% |
CGMU Capital Group Municipal Income ETF | 3.38% | 3.32% | 3.21% | 3.08% | 0.49% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMOP vs. CGMU - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, which is greater than CGMU's maximum drawdown of -4.11%. Use the drawdown chart below to compare losses from any high point for HMOP and CGMU.
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Drawdown Indicators
| HMOP | CGMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -4.11% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.86% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -2.27% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -0.81% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.85% | +0.09% |
Volatility
HMOP vs. CGMU - Volatility Comparison
Hartford Municipal Opportunities ETF (HMOP) and Capital Group Municipal Income ETF (CGMU) have volatilities of 1.08% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMOP | CGMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.11% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.70% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 3.27% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 3.53% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 3.53% | +0.76% |