PortfoliosLab logo
HMOP vs. FMB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HMOP and FMB is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

HMOP vs. FMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Municipal Opportunities ETF (HMOP) and First Trust Managed Municipal ETF (FMB). The values are adjusted to include any dividend payments, if applicable.

10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
17.11%
12.58%
HMOP
FMB

Key characteristics

Sharpe Ratio

HMOP:

0.49

FMB:

0.20

Sortino Ratio

HMOP:

0.66

FMB:

0.29

Omega Ratio

HMOP:

1.09

FMB:

1.04

Calmar Ratio

HMOP:

0.56

FMB:

0.16

Martin Ratio

HMOP:

1.87

FMB:

0.71

Ulcer Index

HMOP:

1.11%

FMB:

1.28%

Daily Std Dev

HMOP:

4.29%

FMB:

4.42%

Max Drawdown

HMOP:

-13.12%

FMB:

-14.16%

Current Drawdown

HMOP:

-2.42%

FMB:

-4.34%

Returns By Period

In the year-to-date period, HMOP achieves a -0.83% return, which is significantly higher than FMB's -1.52% return.


HMOP

YTD

-0.83%

1M

-0.28%

6M

-0.60%

1Y

2.19%

5Y*

1.90%

10Y*

N/A

FMB

YTD

-1.52%

1M

-0.69%

6M

-1.25%

1Y

1.21%

5Y*

1.40%

10Y*

2.26%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HMOP vs. FMB - Expense Ratio Comparison

HMOP has a 0.29% expense ratio, which is lower than FMB's 0.50% expense ratio.


Expense ratio chart for FMB: current value is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FMB: 0.50%
Expense ratio chart for HMOP: current value is 0.29%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
HMOP: 0.29%

Risk-Adjusted Performance

HMOP vs. FMB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HMOP
The Risk-Adjusted Performance Rank of HMOP is 5757
Overall Rank
The Sharpe Ratio Rank of HMOP is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of HMOP is 5050
Sortino Ratio Rank
The Omega Ratio Rank of HMOP is 5151
Omega Ratio Rank
The Calmar Ratio Rank of HMOP is 6767
Calmar Ratio Rank
The Martin Ratio Rank of HMOP is 5959
Martin Ratio Rank

FMB
The Risk-Adjusted Performance Rank of FMB is 3434
Overall Rank
The Sharpe Ratio Rank of FMB is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of FMB is 3030
Sortino Ratio Rank
The Omega Ratio Rank of FMB is 3131
Omega Ratio Rank
The Calmar Ratio Rank of FMB is 3737
Calmar Ratio Rank
The Martin Ratio Rank of FMB is 3838
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for HMOP, currently valued at 0.49, compared to the broader market-1.000.001.002.003.004.00
HMOP: 0.49
FMB: 0.20
The chart of Sortino ratio for HMOP, currently valued at 0.66, compared to the broader market-2.000.002.004.006.008.00
HMOP: 0.66
FMB: 0.29
The chart of Omega ratio for HMOP, currently valued at 1.09, compared to the broader market0.501.001.502.00
HMOP: 1.09
FMB: 1.04
The chart of Calmar ratio for HMOP, currently valued at 0.56, compared to the broader market0.002.004.006.008.0010.0012.00
HMOP: 0.56
FMB: 0.16
The chart of Martin ratio for HMOP, currently valued at 1.87, compared to the broader market0.0020.0040.0060.00
HMOP: 1.87
FMB: 0.71

The current HMOP Sharpe Ratio is 0.49, which is higher than the FMB Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of HMOP and FMB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
0.49
0.20
HMOP
FMB

Dividends

HMOP vs. FMB - Dividend Comparison

HMOP's dividend yield for the trailing twelve months is around 3.06%, less than FMB's 3.35% yield.


TTM20242023202220212020201920182017201620152014
HMOP
Hartford Municipal Opportunities ETF
3.06%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
3.35%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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-2.42%
-4.34%
HMOP
FMB

Volatility

HMOP vs. FMB - Volatility Comparison

The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 2.70%, while First Trust Managed Municipal ETF (FMB) has a volatility of 2.89%. This indicates that HMOP experiences smaller price fluctuations and is considered to be less risky than FMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%NovemberDecember2025FebruaryMarchApril
2.70%
2.89%
HMOP
FMB