HMOP vs. MUNI
Compare and contrast key facts about Hartford Municipal Opportunities ETF (HMOP) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
HMOP and MUNI 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. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMOP or MUNI.
Correlation
The correlation between HMOP and MUNI is 0.59, 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. MUNI - Performance Comparison
Key characteristics
HMOP:
0.59
MUNI:
0.37
HMOP:
0.85
MUNI:
0.52
HMOP:
1.10
MUNI:
1.07
HMOP:
0.59
MUNI:
0.48
HMOP:
2.92
MUNI:
1.45
HMOP:
0.71%
MUNI:
0.80%
HMOP:
3.48%
MUNI:
3.16%
HMOP:
-13.12%
MUNI:
-11.15%
HMOP:
-1.88%
MUNI:
-1.80%
Returns By Period
HMOP
0.00%
-1.48%
1.30%
2.06%
1.39%
N/A
MUNI
0.00%
-1.39%
1.15%
1.16%
1.22%
2.09%
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. MUNI - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is lower than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
HMOP vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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. MUNI - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 2.78%, less than MUNI's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 2.78% | 2.92% | 2.12% | 1.67% | 5.26% | 2.88% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.23% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
HMOP vs. MUNI - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for HMOP and MUNI. For additional features, visit the drawdowns tool.
Volatility
HMOP vs. MUNI - Volatility Comparison
Hartford Municipal Opportunities ETF (HMOP) has a higher volatility of 1.24% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.00%. This indicates that HMOP's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.