HTAB vs. HMOP
HTAB (Hartford Schroders Tax-Aware Bond ETF) and HMOP (Hartford Municipal Opportunities ETF) are both exchange-traded funds - HTAB is a Intermediate Core Bond fund actively managed by Hartford, while HMOP is a Municipal Bonds fund actively managed by Hartford. Both are actively managed. Over the past 5 years, HTAB returned 0.81%/yr vs 1.42%/yr for HMOP. A 0.60 correlation means they provide meaningful diversification when combined. HTAB charges 0.39%/yr vs 0.29%/yr for HMOP.
Performance
HTAB vs. HMOP - Performance Comparison
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Returns By Period
In the year-to-date period, HTAB achieves a 1.88% return, which is significantly higher than HMOP's 1.77% return.
HTAB
- 1D
- -0.08%
- 1M
- 1.16%
- YTD
- 1.88%
- 6M
- 1.57%
- 1Y
- 6.56%
- 3Y*
- 3.24%
- 5Y*
- 0.81%
- 10Y*
- —
HMOP
- 1D
- 0.01%
- 1M
- 0.87%
- YTD
- 1.77%
- 6M
- 1.84%
- 1Y
- 6.06%
- 3Y*
- 4.31%
- 5Y*
- 1.42%
- 10Y*
- —
HTAB vs. HMOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HTAB Hartford Schroders Tax-Aware Bond ETF | 1.88% | 2.86% | 1.52% | 7.16% | -8.33% | -0.12% | 5.41% | 7.86% | 1.43% |
HMOP Hartford Municipal Opportunities ETF | 1.77% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 2.40% |
Correlation
The correlation between HTAB and HMOP is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | 0.60 |
The correlation between HTAB and HMOP shifts across timeframes, from 0.56 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTAB vs. HMOP — Risk / Return Rank
HTAB
HMOP
HTAB vs. HMOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Schroders Tax-Aware Bond ETF (HTAB) and Hartford Municipal Opportunities ETF (HMOP). 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.
| HTAB | HMOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.47 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.25 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.18 | 7.13 | +0.05 |
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Drawdowns
HTAB vs. HMOP - Drawdown Comparison
The maximum HTAB drawdown since its inception was -14.76%, which is greater than HMOP's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for HTAB and HMOP.
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Drawdown Indicators
| HTAB | HMOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.76% | -13.12% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.70% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -8.42% | -4.81% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -13.12% | -1.64% |
Current DrawdownCurrent decline from peak | -0.47% | -0.55% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -2.46% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.85% | +0.07% |
Volatility
HTAB vs. HMOP - Volatility Comparison
Hartford Schroders Tax-Aware Bond ETF (HTAB) and Hartford Municipal Opportunities ETF (HMOP) have volatilities of 0.82% and 0.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTAB | HMOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.82% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 1.89% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 2.66% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.74% | 3.87% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 4.25% | +0.90% |
HTAB vs. HMOP - Expense Ratio Comparison
HTAB has a 0.39% expense ratio, which is higher than HMOP's 0.29% expense ratio.
Dividends
HTAB vs. HMOP - Dividend Comparison
HTAB's dividend yield for the trailing twelve months is around 3.82%, more than HMOP's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
HMOP Hartford Municipal Opportunities ETF | 3.45% | 3.40% | 3.22% | 2.92% | 2.12% | 1.67% | 5.26% | 2.87% | 2.27% |
HTAB Hartford Schroders Tax-Aware Bond ETF | 3.82% | 3.88% | 3.57% | 3.21% | 2.26% | 2.18% | 1.64% | 2.77% | 1.61% |
Frequently Asked Questions
HTAB and HMOP have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMOP has higher volatility (0.82%) compared to HTAB (0.82%). In terms of maximum drawdown, HTAB dropped -14.76% vs HMOP's -13.12%.
On 5-year performance, HMOP leads with 1.42% vs 0.81% for HTAB. On fees, HMOP is cheaper at 0.29% per year. Their volatility is very similar. 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 1.42% return vs 0.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HMOP is cheaper with a 0.29% expense ratio, compared with 0.39% for HTAB.
HTAB has the higher dividend yield at 3.82%, compared with 3.45% for HMOP.
HTAB is categorized as Intermediate Core Bond, while HMOP is Municipal Bonds. Their fees differ too: 0.39% for HTAB and 0.29% for HMOP.
HMOP currently has the higher Sharpe Ratio (2.29 vs 1.68), 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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