HMOP vs. VONG
HMOP (Hartford Municipal Opportunities ETF) and VONG (Vanguard Russell 1000 Growth ETF) are both exchange-traded funds - HMOP is a Municipal Bonds fund actively managed by Hartford, while VONG is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. HMOP is actively managed, while VONG is passively managed. Over the past 5 years, HMOP returned 1.41%/yr vs 15.98%/yr for VONG. At a 0.08 correlation, their price movements are largely independent. HMOP charges 0.29%/yr vs 0.06%/yr for VONG.
Performance
HMOP vs. VONG - Performance Comparison
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Returns By Period
In the year-to-date period, HMOP achieves a 1.52% return, which is significantly lower than VONG's 8.61% return.
HMOP
- 1D
- 0.18%
- 1M
- 0.58%
- YTD
- 1.52%
- 6M
- 1.90%
- 1Y
- 6.87%
- 3Y*
- 4.58%
- 5Y*
- 1.41%
- 10Y*
- —
VONG
- 1D
- -0.35%
- 1M
- 6.89%
- YTD
- 8.61%
- 6M
- 7.89%
- 1Y
- 28.25%
- 3Y*
- 25.48%
- 5Y*
- 15.98%
- 10Y*
- 18.77%
HMOP vs. VONG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 1.52% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
VONG Vanguard Russell 1000 Growth ETF | 8.61% | 18.45% | 33.20% | 42.67% | -29.18% | 27.60% | 38.30% | 36.06% | -1.53% | 0.59% |
Correlation
The correlation between HMOP and VONG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.08 |
The correlation between HMOP and VONG shifts across timeframes, from 0.08 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HMOP vs. VONG — Risk / Return Rank
HMOP
VONG
HMOP vs. VONG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Municipal Opportunities ETF (HMOP) and Vanguard Russell 1000 Growth ETF (VONG). 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 | VONG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 1.85 | +0.69 |
Sortino ratioReturn per unit of downside risk | 3.79 | 2.50 | +1.29 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.32 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.79 | +0.65 |
Martin ratioReturn relative to average drawdown | 7.95 | 6.02 | +1.93 |
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 | VONG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 1.85 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.75 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.90 | -0.26 |
Drawdowns
HMOP vs. VONG - Drawdown Comparison
The maximum HMOP drawdown since its inception was -13.12%, smaller than the maximum VONG drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for HMOP and VONG.
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Drawdown Indicators
| HMOP | VONG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -32.72% | +19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -16.23% | +13.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -23.27% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -13.12% | -32.72% | +19.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.72% | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.35% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -4.88% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 4.83% | -4.00% |
Volatility
HMOP vs. VONG - Volatility Comparison
The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 0.78%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 3.23%. This indicates that HMOP experiences smaller price fluctuations and is considered to be less risky than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMOP | VONG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 3.23% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 11.53% | -9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.73% | 15.32% | -12.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 21.33% | -17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 20.87% | -16.61% |
HMOP vs. VONG - Expense Ratio Comparison
HMOP has a 0.29% expense ratio, which is higher than VONG's 0.06% expense ratio.
Dividends
HMOP vs. VONG - Dividend Comparison
HMOP's dividend yield for the trailing twelve months is around 3.46%, more than VONG's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.46% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% | 0.00% | 0.00% | 0.00% |
VONG Vanguard Russell 1000 Growth ETF | 0.42% | 0.45% | 0.55% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% |
Frequently Asked Questions
HMOP and VONG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VONG has higher volatility (3.23%) compared to HMOP (0.78%). In terms of maximum drawdown, HMOP dropped -13.12% vs VONG's -32.72%.
On 5-year performance, VONG leads with 15.98% vs 1.41% for HMOP. On fees, VONG is cheaper at 0.06% per year. On volatility, HMOP has been the lower-risk option at 0.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VONG has performed better with a 15.98% return vs 1.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONG is cheaper with a 0.06% expense ratio, compared with 0.29% for HMOP.
HMOP has the higher dividend yield at 3.46%, compared with 0.42% for VONG.
HMOP is categorized as Municipal Bonds, while VONG is Large Cap Growth Equities. They also come from different issuers: Hartford and Vanguard. Their fees differ too: 0.29% for HMOP and 0.06% for VONG.
HMOP currently has the higher Sharpe Ratio (2.54 vs 1.85), 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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