HMOP vs. FMB
Compare and contrast key facts about Hartford Municipal Opportunities ETF (HMOP) and First Trust Managed Municipal ETF (FMB).
HMOP and FMB 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 The Hartford. It was launched on Dec 13, 2017. FMB is an actively managed fund by First Trust. It was launched on May 13, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMOP or FMB.
Correlation
The correlation between HMOP and FMB 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.
Performance
HMOP vs. FMB - Performance Comparison
Key characteristics
HMOP:
1.02
FMB:
0.85
HMOP:
1.46
FMB:
1.18
HMOP:
1.18
FMB:
1.15
HMOP:
1.09
FMB:
0.54
HMOP:
4.25
FMB:
3.22
HMOP:
0.86%
FMB:
0.95%
HMOP:
3.61%
FMB:
3.63%
HMOP:
-13.12%
FMB:
-14.16%
HMOP:
-0.63%
FMB:
-2.21%
Returns By Period
In the year-to-date period, HMOP achieves a 0.99% return, which is significantly higher than FMB's 0.67% return.
HMOP
0.99%
-0.04%
0.28%
3.72%
2.36%
N/A
FMB
0.67%
-0.43%
-0.08%
2.92%
2.06%
2.49%
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HMOP vs. FMB - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is lower than FMB's 0.50% expense ratio.
Risk-Adjusted Performance
HMOP vs. FMB — Risk-Adjusted Performance Rank
HMOP
FMB
HMOP vs. FMB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and First Trust Managed Municipal ETF (FMB). 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
HMOP vs. FMB - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.26%, which matches FMB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.26% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
FMB First Trust Managed Municipal ETF | 3.26% | 3.22% | 2.98% | 2.47% | 1.96% | 2.19% | 2.47% | 2.58% | 2.49% | 2.93% | 3.07% | 1.70% |
Drawdowns
HMOP vs. FMB - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum FMB drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for HMOP and FMB. For additional features, visit the drawdowns tool.
Volatility
HMOP vs. FMB - Volatility Comparison
Hartford Municipal Opportunities ETF (HMOP) and First Trust Managed Municipal ETF (FMB) have volatilities of 1.23% and 1.25%, 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.