MMIT vs. HMOP
Compare and contrast key facts about IQ MacKay Municipal Intermediate ETF (MMIT) and Hartford Municipal Opportunities ETF (HMOP).
MMIT and HMOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MMIT is an actively managed fund by New York Life. It was launched on Oct 18, 2017. HMOP is an actively managed fund by The Hartford. It was launched on Dec 13, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMIT or HMOP.
Correlation
The correlation between MMIT and HMOP is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MMIT vs. HMOP - Performance Comparison
Key characteristics
MMIT:
0.86
HMOP:
1.06
MMIT:
1.21
HMOP:
1.50
MMIT:
1.16
HMOP:
1.19
MMIT:
0.71
HMOP:
1.09
MMIT:
3.38
HMOP:
4.45
MMIT:
0.83%
HMOP:
0.83%
MMIT:
3.26%
HMOP:
3.46%
MMIT:
-12.28%
HMOP:
-13.12%
MMIT:
-0.72%
HMOP:
-0.64%
Returns By Period
In the year-to-date period, MMIT achieves a 1.00% return, which is significantly higher than HMOP's 0.81% return.
MMIT
1.00%
0.79%
0.84%
2.96%
1.05%
N/A
HMOP
0.81%
0.96%
1.17%
3.51%
1.21%
N/A
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MMIT vs. HMOP - Expense Ratio Comparison
MMIT has a 0.31% expense ratio, which is higher than HMOP's 0.29% expense ratio.
Risk-Adjusted Performance
MMIT vs. HMOP — Risk-Adjusted Performance Rank
MMIT
HMOP
MMIT vs. HMOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ MacKay Municipal Intermediate ETF (MMIT) 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.
Dividends
MMIT vs. HMOP - Dividend Comparison
MMIT's dividend yield for the trailing twelve months is around 3.71%, more than HMOP's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
MMIT IQ MacKay Municipal Intermediate ETF | 3.71% | 3.77% | 3.46% | 2.30% | 1.81% | 2.60% | 4.14% | 2.47% | 0.00% |
HMOP Hartford Municipal Opportunities ETF | 3.22% | 3.23% | 2.92% | 2.12% | 1.67% | 5.26% | 2.88% | 2.27% | 0.00% |
Drawdowns
MMIT vs. HMOP - Drawdown Comparison
The maximum MMIT drawdown since its inception was -12.28%, smaller than the maximum HMOP drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for MMIT and HMOP. For additional features, visit the drawdowns tool.
Volatility
MMIT vs. HMOP - Volatility Comparison
IQ MacKay Municipal Intermediate ETF (MMIT) and Hartford Municipal Opportunities ETF (HMOP) have volatilities of 0.92% and 0.95%, 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.