HMOP vs. NSIOX
Compare and contrast key facts about Hartford Municipal Opportunities ETF (HMOP) and Nuveen Strategic Municipal Opportunities Fund (NSIOX).
HMOP is an actively managed fund by Hartford. It was launched on Dec 13, 2017. NSIOX is managed by Nuveen. It was launched on Dec 15, 2014.
Performance
HMOP vs. NSIOX - Performance Comparison
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HMOP vs. NSIOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | -0.10% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | -0.66% | 3.19% | 4.61% | 7.17% | -13.81% | 5.21% | 6.82% | 10.07% | 3.31% | 0.28% |
Returns By Period
In the year-to-date period, HMOP achieves a -0.10% return, which is significantly higher than NSIOX's -0.66% return.
HMOP
- 1D
- 0.18%
- 1M
- -2.38%
- YTD
- -0.10%
- 6M
- 1.17%
- 1Y
- 4.35%
- 3Y*
- 3.81%
- 5Y*
- 1.32%
- 10Y*
- —
NSIOX
- 1D
- 0.21%
- 1M
- -2.71%
- YTD
- -0.66%
- 6M
- 0.60%
- 1Y
- 2.41%
- 3Y*
- 3.79%
- 5Y*
- 0.65%
- 10Y*
- 3.07%
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HMOP vs. NSIOX - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is lower than NSIOX's 0.56% expense ratio.
Return for Risk
HMOP vs. NSIOX — Risk / Return Rank
HMOP
NSIOX
HMOP vs. NSIOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Nuveen Strategic Municipal Opportunities Fund (NSIOX). 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 | NSIOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.58 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.53 | 0.79 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.58 | +0.89 |
Martin ratioReturn relative to average drawdown | 4.83 | 1.64 | +3.19 |
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 | NSIOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.58 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.15 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.74 | -0.14 |
Correlation
The correlation between HMOP and NSIOX is 0.58, 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. NSIOX - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.51%, less than NSIOX's 4.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.51% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% | 0.00% | 0.00% | 0.00% |
NSIOX Nuveen Strategic Municipal Opportunities Fund | 4.25% | 4.53% | 3.91% | 3.85% | 4.20% | 4.25% | 2.88% | 3.25% | 3.12% | 3.22% | 4.09% | 2.48% |
Drawdowns
HMOP vs. NSIOX - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum NSIOX drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for HMOP and NSIOX.
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Drawdown Indicators
| HMOP | NSIOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -18.38% | +5.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -5.20% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -18.38% | +5.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -2.38% | -2.71% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -3.61% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.83% | -0.89% |
Volatility
HMOP vs. NSIOX - Volatility Comparison
Hartford Municipal Opportunities ETF (HMOP) and Nuveen Strategic Municipal Opportunities Fund (NSIOX) have volatilities of 1.08% and 1.04%, 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 | NSIOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.04% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 1.82% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 5.21% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.85% | 4.47% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.29% | 4.68% | -0.39% |