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HMOP vs. VONG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HMOP and VONG is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.1

Performance

HMOP vs. VONG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Municipal Opportunities ETF (HMOP) and Vanguard Russell 1000 Growth ETF (VONG). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember
1.00%
8.59%
HMOP
VONG

Key characteristics

Sharpe Ratio

HMOP:

0.59

VONG:

1.95

Sortino Ratio

HMOP:

0.85

VONG:

2.55

Omega Ratio

HMOP:

1.10

VONG:

1.35

Calmar Ratio

HMOP:

0.59

VONG:

2.58

Martin Ratio

HMOP:

2.92

VONG:

10.08

Ulcer Index

HMOP:

0.71%

VONG:

3.36%

Daily Std Dev

HMOP:

3.48%

VONG:

17.35%

Max Drawdown

HMOP:

-13.12%

VONG:

-32.72%

Current Drawdown

HMOP:

-1.88%

VONG:

-3.22%

Returns By Period


HMOP

YTD

0.00%

1M

-1.48%

6M

1.30%

1Y

2.06%

5Y*

1.39%

10Y*

N/A

VONG

YTD

34.38%

1M

1.73%

6M

10.38%

1Y

34.38%

5Y*

19.15%

10Y*

16.82%

*Annualized

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HMOP vs. VONG - Expense Ratio Comparison

HMOP has a 0.29% expense ratio, which is higher than VONG's 0.08% expense ratio.


HMOP
Hartford Municipal Opportunities ETF
Expense ratio chart for HMOP: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%
Expense ratio chart for VONG: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

HMOP vs. VONG - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for HMOP, currently valued at 0.59, compared to the broader market0.002.004.000.591.98
The chart of Sortino ratio for HMOP, currently valued at 0.85, compared to the broader market-2.000.002.004.006.008.0010.000.852.59
The chart of Omega ratio for HMOP, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.36
The chart of Calmar ratio for HMOP, currently valued at 0.59, compared to the broader market0.005.0010.0015.000.592.62
The chart of Martin ratio for HMOP, currently valued at 2.92, compared to the broader market0.0020.0040.0060.0080.00100.002.9210.26
HMOP
VONG

The current HMOP Sharpe Ratio is 0.59, which is lower than the VONG Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of HMOP and VONG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00AugustSeptemberOctoberNovemberDecember
0.59
1.98
HMOP
VONG

Dividends

HMOP vs. VONG - Dividend Comparison

HMOP's dividend yield for the trailing twelve months is around 2.78%, more than VONG's 0.55% yield.


TTM2023202220212020201920182017201620152014
HMOP
Hartford Municipal Opportunities ETF
2.78%2.92%2.12%1.67%5.26%2.88%2.27%0.00%0.00%0.00%0.00%
VONG
Vanguard Russell 1000 Growth ETF
0.55%0.71%0.98%0.58%0.77%1.03%1.18%1.19%1.48%1.47%1.43%

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. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember
-1.88%
-3.22%
HMOP
VONG

Volatility

HMOP vs. VONG - Volatility Comparison

The current volatility for Hartford Municipal Opportunities ETF (HMOP) is 1.24%, while Vanguard Russell 1000 Growth ETF (VONG) has a volatility of 5.43%. 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.


0.00%2.00%4.00%6.00%8.00%AugustSeptemberOctoberNovemberDecember
1.24%
5.43%
HMOP
VONG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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