HMOP vs. VCIT
HMOP (Hartford Municipal Opportunities ETF) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both exchange-traded funds - HMOP is a Municipal Bonds fund actively managed by Hartford, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. HMOP is actively managed, while VCIT is passively managed. Over the past 5 years, HMOP returned 1.40%/yr vs 1.14%/yr for VCIT. A 0.51 correlation means they provide meaningful diversification when combined. HMOP charges 0.29%/yr vs 0.03%/yr for VCIT.
Performance
HMOP vs. VCIT - Performance Comparison
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Returns By Period
In the year-to-date period, HMOP achieves a 1.68% return, which is significantly higher than VCIT's 0.22% return.
HMOP
- 1D
- 0.36%
- 1M
- 1.15%
- YTD
- 1.68%
- 6M
- 1.82%
- 1Y
- 6.16%
- 3Y*
- 4.32%
- 5Y*
- 1.40%
- 10Y*
- —
VCIT
- 1D
- -0.23%
- 1M
- 0.50%
- YTD
- 0.22%
- 6M
- 0.37%
- 1Y
- 5.37%
- 3Y*
- 6.06%
- 5Y*
- 1.14%
- 10Y*
- 2.86%
HMOP vs. VCIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 1.68% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.22% | 9.34% | 3.20% | 8.98% | -13.98% | -1.77% | 9.46% | 14.10% | -1.74% | -0.07% |
Correlation
The correlation between HMOP and VCIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2017 | 0.51 |
The correlation between HMOP and VCIT shifts across timeframes, from 0.45 (1 year) to 0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HMOP vs. VCIT — Risk / Return Rank
HMOP
VCIT
HMOP vs. VCIT - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HMOP | VCIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.82 | +0.47 |
| Martin ratioReturn relative to average drawdown | 7.28 | 5.78 | +1.49 |
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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.
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Drawdown Indicators
| HMOP | VCIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -20.56% | +7.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -2.96% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -6.11% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -20.56% | +7.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.56% | — |
Current DrawdownCurrent decline from peak | -0.64% | -1.32% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -3.15% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.93% | -0.08% |
Volatility
HMOP vs. VCIT - Volatility Comparison
The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 0.74%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.23%. 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.
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Volatility by Period
| HMOP | VCIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.23% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 3.18% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 4.11% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 6.62% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.25% | 6.29% | -2.04% |
HMOP vs. VCIT - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than VCIT's 0.03% expense ratio.
Dividends
HMOP vs. VCIT - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.45%, less than VCIT's 4.80% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.80% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
HMOP and VCIT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCIT has higher volatility (1.23%) compared to HMOP (0.74%). In terms of maximum drawdown, HMOP dropped -13.12% vs VCIT's -20.56%.
On 5-year performance, HMOP leads with 1.40% vs 1.14% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, HMOP has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HMOP has performed better with a 1.40% return vs 1.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.29% for HMOP.
VCIT has the higher dividend yield at 4.80%, compared with 3.45% for HMOP.
HMOP is categorized as Municipal Bonds, while VCIT is Corporate Bonds. They also come from different issuers: Hartford and Vanguard. Their fees differ too: 0.29% for HMOP and 0.03% for VCIT.
HMOP currently has the higher Sharpe Ratio (2.36 vs 1.31), 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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