DSM vs HMOP
BNY Mellon Strategic Municipal Bond Fund Inc vs Hartford Municipal Opportunities ETF
Which is better, DSM or HMOP?
Each has led over a different period.
HMOP has a lower expense ratio. DSM led over 3Y, HMOP over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DSM | HMOP |
|---|---|---|
| Expense Ratio | 1.09% | 0.29%Best |
| AUM | $335M | $806M |
| Dividend Yield | 5.50% | 4.03% |
| Holdings | 233 | 1,265 |
| YTD Return | -13.99% | -2.38%Best |
| 1Y Return | -10.44% | -1.49%Best |
| 3Y Return (annualized) | +5.32%Best | +3.89% |
| 5Y Return (annualized) | -4.62% | +0.67%Best |
| Volatility (annualized) | 14.4% | 5.3%Best |
| Max Drawdown | -38.8% | -13.6%Best |
| $10,000 over 5 years | $7,894 | $10,340Best |
| Fund Family | BNY Mellon Investment Management | Hartford Funds |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 22, 1989 | Dec 13, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 14, 2017 to Oct 14, 2026 (8.8 years).
DSM vs HMOP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.8 years both funds cover.
DSM vs HMOP Performance
BNY Mellon Strategic Municipal Bond Fund Inc (DSM) is an ETF from BNY Mellon Investment Management and Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds. Over the past year DSM returned -10.44% while HMOP returned -1.49%. Year to date, DSM is down 13.99% versus a loss of 2.38% for HMOP.
Over three years, DSM compounded at +5.32% per year against +3.89% for HMOP; over five years the annualized figures are -4.62% and +0.67% respectively. Across the full 9-year window we track, HMOP has the edge at +0.94% annualized vs -2.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DSM has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 5.3% for HMOP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.8% for DSM and -13.6% for HMOP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DSM charges 1.09% per year while HMOP charges 0.29%. On a $10,000 position that is $109 vs $29 annually, a gap of $80 per year that compounds over a long holding period. On income, DSM currently yields 5.50% against 4.03% for HMOP.
Holdings Overlap
We hold position weights for 101 holdings in DSM and 313 in HMOP, totalling 41.1% and 35.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 18 positions appear in both.
The two holdings books were reported 64 days apart, DSM as of Jul 31, 2026 and HMOP as of Oct 3, 2026, so some of the difference between them is the time between the two reports rather than the funds.
18 positions in common, counted across the 101 positions we hold weights for in DSM and 313 in HMOP, against full books of 233 and 1,265.
Top Shared Holdings
| Stock | Weight in DSM | Weight in HMOP | Difference |
|---|---|---|---|
| AL SEEPWR 05/01/2055Southeast Energy Authority A Cooperative District 5 05/01/2055 | 1.33% | 0.51% | 0.82% |
| OH BUCGEN 5 06/01/20Buckeye Tobacco Settlement Financing Auth Oh Ref-Senior-Class 2-Ser B-2 5.000 Jun 01 55 | 1.69% | 0.11% | 1.58% |
| NH NFADEV 5.25 06/01National Fin Auth Lease Revenu Regd B/E Bam 5.25000000 | 0.43% | 0.62% | 0.19% |
| AK NRTFAC 4 06/01/20Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Senior Series 2021A Class 1 | 0.68% | 0.15% | 0.53% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.56% | 0.23% | 0.33% |
| VA VASDEV 5 12/31/20Vasdev 5.000 12/31/52 | 0.67% | 0.04% | 0.63% |
| IL STSGEN 4 01/01/20Sales Tax Securitization Corp Il 4 2039-01-01 | 0.53% | 0.09% | 0.44% |
| WI PUBGEN 5.25 11/15Public Finance Authority, Kahala Nui Project | 0.28% | 0.23% | 0.05% |
| UT MCRDEV 0 06/01/20Mida Cormont Public Infrastructure District 0 06/01/2055 | 0.45% | 0.05% | 0.40% |
| SC SCSUTL 4 12/01/20South Carolina St Public Svc A 4 12/01/2055 | 0.43% | 0.06% | 0.37% |
You are not choosing between two funds in isolation.
Whichever of DSM and HMOP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSM or HMOP?
DSM has an expense ratio of 1.09% while HMOP charges 0.29%. HMOP is the cheaper option, by $80 a year on a $10,000 investment.
Which performed better, DSM or HMOP?
Over the past year DSM returned -10.44% vs -1.49% for HMOP, so HMOP leads on 1-year performance. Over the longest common window we track (9 years), DSM annualized -2.74% vs +0.94% for HMOP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSM or HMOP?
DSM has been the more volatile fund at 14.4% annualized versus 5.3% for HMOP. Worst drawdown: DSM -38.8% vs HMOP -13.6%.
Should I hold both DSM and HMOP?
DSM and HMOP have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DSM or HMOP?
DSM yields 5.50% while HMOP yields 4.03%, so DSM currently pays the higher dividend yield.
Is HMOP better than DSM?
HMOP has a lower expense ratio. DSM led over 3Y, HMOP over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.