ROUS vs. HMOP
ROUS (Hartford Multifactor US Equity ETF) and HMOP (Hartford Municipal Opportunities ETF) are both exchange-traded funds - ROUS is a Large Cap Growth Equities fund tracking the Hartford Multi-factor Large Cap Index, while HMOP is a Municipal Bonds fund actively managed by Hartford. ROUS is passively managed, while HMOP is actively managed. Over the past 5 years, ROUS returned 12.84%/yr vs 1.40%/yr for HMOP. At a 0.07 correlation, their price movements are largely independent. ROUS charges 0.19%/yr vs 0.29%/yr for HMOP.
Performance
ROUS vs. HMOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ROUS achieves a 16.55% return, which is significantly higher than HMOP's 1.60% return.
ROUS
- 1D
- 0.01%
- 1M
- 6.18%
- YTD
- 16.55%
- 6M
- 16.75%
- 1Y
- 29.42%
- 3Y*
- 20.87%
- 5Y*
- 12.84%
- 10Y*
- 13.01%
HMOP
- 1D
- 0.08%
- 1M
- 0.76%
- YTD
- 1.60%
- 6M
- 1.88%
- 1Y
- 6.92%
- 3Y*
- 4.61%
- 5Y*
- 1.40%
- 10Y*
- —
ROUS vs. HMOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROUS Hartford Multifactor US Equity ETF | 16.55% | 15.21% | 17.61% | 15.05% | -9.65% | 27.33% | 6.61% | 23.94% | -9.59% | 2.07% |
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 ROUS and HMOP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2017 | 0.07 |
Over the past year, ROUS and HMOP have become more correlated (0.28) than their long-term average of 0.07, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ROUS vs. HMOP — Risk / Return Rank
ROUS
HMOP
ROUS vs. HMOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor US Equity ETF (ROUS) 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.
| ROUS | HMOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.53 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 2.57 | +2.38 |
| Martin ratioReturn relative to average drawdown | 20.38 | 8.36 | +12.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ROUS | HMOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.56 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.36 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.64 | +0.03 |
Drawdowns
ROUS vs. HMOP - Drawdown Comparison
The maximum ROUS drawdown since its inception was -35.51%, which is greater than HMOP's maximum drawdown of -13.12%. Use the drawdown chart below to compare losses from any high point for ROUS and HMOP.
Loading charts...
Drawdown Indicators
| ROUS | HMOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -13.12% | -22.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -2.70% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -4.81% | -11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.91% | -13.12% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.71% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -2.47% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.83% | +0.62% |
Volatility
ROUS vs. HMOP - Volatility Comparison
Hartford Multifactor US Equity ETF (ROUS) has a higher volatility of 2.54% compared to Hartford Municipal Opportunities ETF (HMOP) at 0.77%. This indicates that ROUS'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.
Loading charts...
Volatility by Period
| ROUS | HMOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.77% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 1.78% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 2.71% | +8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 3.86% | +10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 4.26% | +12.70% |
ROUS vs. HMOP - Expense Ratio Comparison
ROUS has a 0.19% expense ratio, which is lower than HMOP's 0.29% expense ratio.
Dividends
ROUS vs. HMOP - Dividend Comparison
ROUS's dividend yield for the trailing twelve months is around 1.32%, less than HMOP's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ROUS Hartford Multifactor US Equity ETF | 1.32% | 1.52% | 1.62% | 1.91% | 1.88% | 1.38% | 2.01% | 2.12% | 1.89% | 1.54% | 1.97% | 1.62% |
Frequently Asked Questions
ROUS and HMOP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROUS has higher volatility (2.54%) compared to HMOP (0.77%). In terms of maximum drawdown, ROUS dropped -35.51% vs HMOP's -13.12%.
On 5-year performance, ROUS leads with 12.84% vs 1.40% for HMOP. On fees, ROUS is cheaper at 0.19% per year. 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, ROUS has performed better with a 12.84% return vs 1.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROUS is cheaper with a 0.19% expense ratio, compared with 0.29% for HMOP.
HMOP has the higher dividend yield at 3.45%, compared with 1.32% for ROUS.
ROUS is categorized as Large Cap Growth Equities, while HMOP is Municipal Bonds. Their fees differ too: 0.19% for ROUS and 0.29% for HMOP.
ROUS currently has the higher Sharpe Ratio (2.60 vs 2.56), 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.
Find the right allocation for ROUS and HMOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer