HMOP vs. VCIT
Compare and contrast key facts about Hartford Municipal Opportunities ETF (HMOP) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
HMOP and VCIT 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. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMOP or VCIT.
Correlation
The correlation between HMOP and VCIT is 0.51, 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. VCIT - Performance Comparison
Key characteristics
HMOP:
0.74
VCIT:
0.70
HMOP:
1.05
VCIT:
1.01
HMOP:
1.13
VCIT:
1.12
HMOP:
0.73
VCIT:
0.35
HMOP:
3.59
VCIT:
2.39
HMOP:
0.71%
VCIT:
1.58%
HMOP:
3.46%
VCIT:
5.35%
HMOP:
-13.12%
VCIT:
-20.56%
HMOP:
-1.51%
VCIT:
-5.16%
Returns By Period
In the year-to-date period, HMOP achieves a -0.08% return, which is significantly lower than VCIT's 0.02% return.
HMOP
-0.08%
-1.06%
1.37%
2.44%
1.42%
N/A
VCIT
0.02%
-1.43%
2.47%
3.92%
0.72%
2.64%
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HMOP vs. VCIT - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Risk-Adjusted Performance
HMOP vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.23%, less than VCIT's 4.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.23% | 3.23% | 2.92% | 2.12% | 1.67% | 5.26% | 2.88% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.43% | 4.43% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% |
Drawdowns
HMOP vs. VCIT - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for HMOP and VCIT. For additional features, visit the drawdowns tool.
Volatility
HMOP vs. VCIT - Volatility Comparison
The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 1.22%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.47%. This indicates that HMOP experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.