HMOP vs. RODM
HMOP (Hartford Municipal Opportunities ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both exchange-traded funds - HMOP is a Municipal Bonds fund actively managed by Hartford, while RODM is a Foreign Large Cap Equities fund tracking the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. HMOP is actively managed, while RODM is passively managed. Over the past 5 years, HMOP returned 1.40%/yr vs 9.57%/yr for RODM. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.29% expense ratio.
Performance
HMOP vs. RODM - Performance Comparison
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Returns By Period
In the year-to-date period, HMOP achieves a 1.60% return, which is significantly lower than RODM's 10.99% return.
HMOP
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.60%
- 6M
- 1.88%
- 1Y
- 6.92%
- 3Y*
- 4.61%
- 5Y*
- 1.40%
- 10Y*
- —
RODM
- 1D
- -0.22%
- 1M
- 1.13%
- YTD
- 10.99%
- 6M
- 14.14%
- 1Y
- 25.48%
- 3Y*
- 20.42%
- 5Y*
- 9.57%
- 10Y*
- 8.89%
HMOP vs. RODM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 1.60% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 10.99% | 34.42% | 8.02% | 15.76% | -14.54% | 11.11% | -0.62% | 17.15% | -9.97% | 1.93% |
Correlation
The correlation between HMOP and RODM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.09 |
The correlation between HMOP and RODM shifts across timeframes, from 0.09 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HMOP vs. RODM — Risk / Return Rank
HMOP
RODM
HMOP vs. RODM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). 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 | RODM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.44 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.60 | -1.03 |
| Martin ratioReturn relative to average drawdown | 8.36 | 14.50 | -6.14 |
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 | RODM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.39 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.72 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.52 | +0.13 |
Drawdowns
HMOP vs. RODM - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for HMOP and RODM.
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Drawdown Indicators
| HMOP | RODM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -35.98% | +22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -7.10% | +4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -10.58% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -28.85% | +15.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.98% | — |
Current DrawdownCurrent decline from peak | -0.71% | -1.42% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -6.38% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.76% | -0.93% |
Volatility
HMOP vs. RODM - Volatility Comparison
The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 0.77%, while Hartford Multifactor Developed Markets (ex-US) ETF (RODM) has a volatility of 3.12%. This indicates that HMOP experiences smaller price fluctuations and is considered to be less risky than RODM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMOP | RODM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 3.12% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 8.41% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 10.74% | -8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 13.43% | -9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 15.24% | -10.98% |
HMOP vs. RODM - Expense Ratio Comparison
Both HMOP and RODM have an expense ratio of 0.29%.
Dividends
HMOP vs. RODM - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.45%, more than RODM's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.45% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% | 0.00% | 0.00% | 0.00% |
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 2.80% | 3.11% | 4.09% | 4.42% | 3.81% | 4.41% | 2.82% | 2.82% | 2.03% | 2.24% | 3.19% | 2.60% |
Frequently Asked Questions
HMOP and RODM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RODM has higher volatility (3.12%) compared to HMOP (0.77%). In terms of maximum drawdown, HMOP dropped -13.12% vs RODM's -35.98%.
On 5-year performance, RODM leads with 9.57% vs 1.40% for HMOP. Both ETFs have the same 0.29% expense ratio. On volatility, HMOP has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RODM has performed better with a 9.57% return vs 1.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HMOP and RODM have the same expense ratio: 0.29% per year.
HMOP has the higher dividend yield at 3.45%, compared with 2.80% for RODM.
HMOP is categorized as Municipal Bonds, while RODM is Foreign Large Cap Equities.
HMOP currently has the higher Sharpe Ratio (2.56 vs 2.39), 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.
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