HMOP vs. IBMN
HMOP (Hartford Municipal Opportunities ETF) and IBMN (iShares iBonds Dec 2025 Term Muni Bond ETF) are both Municipal Bonds funds. HMOP is actively managed, while IBMN is passively managed. Over the past 5 years, HMOP returned 1.40%/yr vs 0.47%/yr for IBMN. At a 0.42 correlation, their price movements are largely independent. HMOP charges 0.29%/yr vs 0.18%/yr for IBMN.
Performance
HMOP vs. IBMN - Performance Comparison
Loading charts...
Returns By Period
HMOP
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.60%
- 6M
- 1.88%
- 1Y
- 6.92%
- 3Y*
- 4.61%
- 5Y*
- 1.40%
- 10Y*
- —
IBMN
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 1.20%
- 3Y*
- 2.44%
- 5Y*
- 0.47%
- 10Y*
- —
HMOP vs. IBMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 1.60% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 2.07% |
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF | 0.00% | 2.49% | 2.33% | 2.42% | -4.43% | -0.41% | 4.83% | 6.87% | 2.91% |
Correlation
The correlation between HMOP and IBMN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018 | 0.42 |
Over the past year, the correlation between HMOP and IBMN has dropped to 0.11 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HMOP vs. IBMN — Risk / Return Rank
HMOP
IBMN
HMOP vs. IBMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN). 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 | IBMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.66 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 6.02 | -3.44 |
| Martin ratioReturn relative to average drawdown | 8.36 | 24.21 | -15.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HMOP | IBMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.12 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.28 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.58 | +0.06 |
Drawdowns
HMOP vs. IBMN - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, which is greater than IBMN's maximum drawdown of -12.40%. Use the drawdown chart below to compare losses from any high point for HMOP and IBMN.
Loading charts...
Drawdown Indicators
| HMOP | IBMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -12.40% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -0.25% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -1.10% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -7.36% | -5.76% |
Current DrawdownCurrent decline from peak | -0.71% | -0.05% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -1.81% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.10% | +0.73% |
Volatility
HMOP vs. IBMN - Volatility Comparison
Hartford Municipal Opportunities ETF (HMOP) has a higher volatility of 0.77% compared to iShares iBonds Dec 2025 Term Muni Bond ETF (IBMN) at 0.00%. This indicates that HMOP's price experiences larger fluctuations and is considered to be riskier than IBMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HMOP | IBMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.00% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 0.50% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 0.71% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 1.80% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 3.89% | +0.37% |
HMOP vs. IBMN - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than IBMN's 0.18% expense ratio.
Dividends
HMOP vs. IBMN - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.45%, more than IBMN's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.45% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% |
IBMN iShares iBonds Dec 2025 Term Muni Bond ETF | 1.14% | 2.03% | 2.03% | 1.72% | 0.97% | 0.70% | 1.11% | 1.65% | 0.23% |
Frequently Asked Questions
HMOP and IBMN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMOP has higher volatility (0.77%) compared to IBMN (0.00%). In terms of maximum drawdown, HMOP dropped -13.12% vs IBMN's -12.40%.
On 5-year performance, HMOP leads with 1.40% vs 0.47% for IBMN. On fees, IBMN is cheaper at 0.18% per year. On volatility, IBMN has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HMOP has performed better with a 1.40% return vs 0.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMN is cheaper with a 0.18% expense ratio, compared with 0.29% for HMOP.
HMOP has the higher dividend yield at 3.45%, compared with 1.14% for IBMN.
They also come from different issuers: Hartford and iShares. Their fees differ too: 0.29% for HMOP and 0.18% for IBMN.
HMOP currently has the higher Sharpe Ratio (2.56 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HMOP and IBMN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer