HMOP vs. ROUS
HMOP (Hartford Municipal Opportunities ETF) and ROUS (Hartford Multifactor US Equity ETF) are both exchange-traded funds - HMOP is a Municipal Bonds fund actively managed by Hartford, while ROUS is a Large Cap Growth Equities fund tracking the Hartford Multi-factor Large Cap Index. HMOP is actively managed, while ROUS is passively managed. Over the past 5 years, HMOP returned 1.40%/yr vs 12.84%/yr for ROUS. At a 0.07 correlation, their price movements are largely independent. HMOP charges 0.29%/yr vs 0.19%/yr for ROUS.
Performance
HMOP vs. ROUS - 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 ROUS's 16.55% return.
HMOP
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.60%
- 6M
- 1.88%
- 1Y
- 6.92%
- 3Y*
- 4.61%
- 5Y*
- 1.40%
- 10Y*
- —
ROUS
- 1D
- 0.01%
- 1M
- 6.18%
- YTD
- 16.55%
- 6M
- 16.75%
- 1Y
- 29.42%
- 3Y*
- 20.87%
- 5Y*
- 12.84%
- 10Y*
- 13.01%
HMOP vs. ROUS - 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% |
ROUS Hartford Multifactor US Equity ETF | 16.55% | 15.21% | 17.61% | 15.05% | -9.65% | 27.33% | 6.61% | 23.94% | -9.59% | 2.07% |
Correlation
The correlation between HMOP and ROUS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.07 |
Over the past year, HMOP and ROUS have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
HMOP vs. ROUS — Risk / Return Rank
HMOP
ROUS
HMOP vs. ROUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Hartford Multifactor US Equity ETF (ROUS). 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 | ROUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.46 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 4.95 | -2.38 |
| Martin ratioReturn relative to average drawdown | 8.36 | 20.38 | -12.02 |
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 | ROUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 2.60 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.90 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.67 | -0.03 |
Drawdowns
HMOP vs. ROUS - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum ROUS drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for HMOP and ROUS.
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Drawdown Indicators
| HMOP | ROUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -35.51% | +22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -5.97% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -15.81% | +11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -18.91% | +5.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.51% | — |
Current DrawdownCurrent decline from peak | -0.71% | 0.00% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -4.24% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.45% | -0.62% |
Volatility
HMOP vs. ROUS - Volatility Comparison
The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 0.77%, while Hartford Multifactor US Equity ETF (ROUS) has a volatility of 2.54%. This indicates that HMOP experiences smaller price fluctuations and is considered to be less risky than ROUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMOP | ROUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 2.54% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 8.50% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.71% | 11.37% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 14.38% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 16.96% | -12.70% |
HMOP vs. ROUS - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than ROUS's 0.19% expense ratio.
Dividends
HMOP vs. ROUS - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.45%, more than ROUS's 1.32% 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% |
ROUS Hartford Multifactor US Equity ETF | 1.32% | 1.52% | 1.62% | 1.91% | 1.88% | 1.38% | 2.01% | 2.12% | 1.89% | 1.54% | 1.97% | 1.62% |
Frequently Asked Questions
HMOP and ROUS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROUS has higher volatility (2.54%) compared to HMOP (0.77%). In terms of maximum drawdown, HMOP dropped -13.12% vs ROUS's -35.51%.
On 5-year performance, ROUS leads with 12.84% vs 1.40% for HMOP. On fees, ROUS is cheaper at 0.19% per year. 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, ROUS has performed better with a 12.84% return vs 1.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROUS is cheaper with a 0.19% expense ratio, compared with 0.29% for HMOP.
HMOP has the higher dividend yield at 3.45%, compared with 1.32% for ROUS.
HMOP is categorized as Municipal Bonds, while ROUS is Large Cap Growth Equities. Their fees differ too: 0.29% for HMOP and 0.19% for ROUS.
ROUS currently has the higher Sharpe Ratio (2.60 vs 2.56), 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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