HTRB vs. HMOP
HTRB (Hartford Total Return Bond ETF) and HMOP (Hartford Municipal Opportunities ETF) are both exchange-traded funds - HTRB is a Intermediate Core-Plus 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, HTRB returned 0.40%/yr vs 1.40%/yr for HMOP. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.
Performance
HTRB vs. HMOP - Performance Comparison
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Returns By Period
In the year-to-date period, HTRB achieves a 0.26% return, which is significantly lower than HMOP's 1.60% return.
HTRB
- 1D
- -0.24%
- 1M
- 0.29%
- YTD
- 0.26%
- 6M
- 0.10%
- 1Y
- 5.77%
- 3Y*
- 4.63%
- 5Y*
- 0.40%
- 10Y*
- —
HMOP
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.60%
- 6M
- 1.88%
- 1Y
- 6.92%
- 3Y*
- 4.61%
- 5Y*
- 1.40%
- 10Y*
- —
HTRB vs. HMOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTRB Hartford Total Return Bond ETF | 0.26% | 7.38% | 2.35% | 7.15% | -14.36% | -0.80% | 8.87% | 10.39% | -0.88% | 0.75% |
HMOP Hartford Municipal Opportunities ETF | 1.60% | 4.70% | 2.52% | 6.83% | -8.37% | 1.80% | 5.52% | 7.77% | 1.59% | 0.05% |
Correlation
The correlation between HTRB and HMOP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.51 |
The correlation between HTRB and HMOP shifts across timeframes, from 0.50 (1 year) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTRB vs. HMOP — Risk / Return Rank
HTRB
HMOP
HTRB vs. HMOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Total Return Bond ETF (HTRB) 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.
| HTRB | HMOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.53 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.57 | -0.52 |
| Martin ratioReturn relative to average drawdown | 6.09 | 8.36 | -2.26 |
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
| HTRB | HMOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.56 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.36 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.64 | -0.25 |
Drawdowns
HTRB vs. HMOP - Drawdown Comparison
The maximum HTRB drawdown since its inception was -19.48%, which is greater than HMOP's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for HTRB and HMOP.
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Drawdown Indicators
| HTRB | HMOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -13.12% | -6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.70% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -6.52% | -4.81% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | -13.12% | -6.36% |
Current DrawdownCurrent decline from peak | -1.55% | -0.71% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.47% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.83% | +0.12% |
Volatility
HTRB vs. HMOP - Volatility Comparison
Hartford Total Return Bond ETF (HTRB) has a higher volatility of 1.28% compared to Hartford Municipal Opportunities ETF (HMOP) at 0.77%. This indicates that HTRB's price experiences larger fluctuations and is considered to be riskier than HMOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTRB | HMOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.77% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 1.78% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 2.71% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 3.86% | +2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 4.26% | +1.31% |
HTRB vs. HMOP - Expense Ratio Comparison
Both HTRB and HMOP have an expense ratio of 0.29%.
Dividends
HTRB vs. HMOP - Dividend Comparison
HTRB's dividend yield for the trailing twelve months is around 4.63%, more than HMOP's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
HTRB Hartford Total Return Bond ETF | 4.63% | 4.66% | 4.45% | 3.87% | 3.08% | 4.22% | 4.79% | 6.30% | 2.37% | 0.96% |
Frequently Asked Questions
HTRB and HMOP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HTRB has higher volatility (1.28%) compared to HMOP (0.77%). In terms of maximum drawdown, HTRB dropped -19.48% vs HMOP's -13.12%.
On 5-year performance, HMOP leads with 1.40% vs 0.40% for HTRB. Both ETFs have the same 0.29% expense ratio. On volatility, HMOP has been the lower-risk option at 0.77%. 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 0.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HTRB and HMOP have the same expense ratio: 0.29% per year.
HTRB has the higher dividend yield at 4.63%, compared with 3.45% for HMOP.
HTRB is categorized as Intermediate Core-Plus Bond, while HMOP is Municipal Bonds.
HMOP currently has the higher Sharpe Ratio (2.56 vs 1.51), 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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