FMUB vs HMOP
Fidelity Municipal Bond Opportunities ETF vs Hartford Municipal Opportunities ETF
Which is better, FMUB or HMOP?
Nearly the same fund. HMOP costs less.
HMOP has a lower expense ratio. FMUB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98.
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 | FMUB | HMOP |
|---|---|---|
| Expense Ratio | 0.30% | 0.29%Best |
| AUM | $246M | $806M |
| Dividend Yield | 3.76% | 4.03% |
| Holdings | 605 | 1,265 |
| YTD Return | -2.14%Best | -2.38% |
| 1Y Return | -1.26%Best | -1.49% |
| 3Y Return (annualized) | - | +3.89% |
| 5Y Return (annualized) | - | +0.67% |
| Volatility (annualized) | 4.5%Best | 4.8% |
| Max Drawdown | -6.1% | -6.0%Best |
| $10,000 over 1.5 years | $10,501Best | $10,295 |
| Fund Family | Fidelity Investments (US) | Hartford Funds |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Apr 7, 2025 | Dec 13, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 7, 2025 to Oct 14, 2026 (1.5 years).
FMUB 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 1.5 years both funds cover.
FMUB vs HMOP Performance
Fidelity Municipal Bond Opportunities ETF (FMUB) is an ETF from Fidelity Investments (US) and Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds. Over the past year FMUB returned -1.26% while HMOP returned -1.49%. Year to date, FMUB is down 2.14% versus a loss of 2.38% for HMOP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HMOP has been the more volatile fund, with annualized monthly volatility of 4.8% compared with 4.5% for FMUB. 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 -6.1% for FMUB and -6.0% 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FMUB charges 0.30% per year while HMOP charges 0.29%. On a $10,000 position that is $30 vs $29 annually, a gap of $1 per year that compounds over a long holding period. On income, FMUB currently yields 3.76% against 4.03% for HMOP.
Holdings Overlap
We hold position weights for 353 holdings in FMUB and 313 in HMOP, totalling 34.6% 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, 27 positions appear in both.
27 positions in common, counted across the 353 positions we hold weights for in FMUB and 313 in HMOP, against full books of 605 and 1,265.
Top Shared Holdings
| Stock | Weight in FMUB | Weight in HMOP | Difference |
|---|---|---|---|
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/27 | 0.01% | 0.57% | 0.56% |
| UT MMVDEV 6 06/15/20Mida Mountain Village Public Infrastructure District, Utah, Subordinate Tax Allocation Revenue Bonds, Series 2024-2 6 06/15/2054 | 0.20% | 0.37% | 0.17% |
| AL BBEUTL 02/01/2053Black Belt Energy Gas Dist Al Bbeutl 02/53 Adjustable Var | 0.26% | 0.23% | 0.03% |
| DC METAPT 5 10/01/20Met Washington Dc Arpts Auth A Metapt 10/35 Fixed 5 | 0.42% | 0.06% | 0.36% |
| WA WASHSG 5 07/01/20Washington St Hsg Fin Commn Nonprofit Rev 5.0% 01-Jul-2045 | 0.06% | 0.36% | 0.30% |
| AL SEEPWR 03/01/2055Southeast Energy Authority A Cooperative District 5.25 03/01/2055 | 0.12% | 0.23% | 0.11% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.11% | 0.23% | 0.12% |
| GA MAIUTL 06/01/2055Main Str Nat Var 06/55 | 0.20% | 0.13% | 0.07% |
| GA MAIUTL 07/01/2053Main Str Nat Var 07/53 | 0.10% | 0.22% | 0.12% |
| IL CHIWTR 5 11/01/20City Of Chicago Il Waterworks Revenue Agm 5.0% 11-01-37 | 0.20% | 0.07% | 0.13% |
You are not choosing between two funds in isolation.
Whichever of FMUB 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, FMUB or HMOP?
FMUB has an expense ratio of 0.30% while HMOP charges 0.29%. HMOP is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FMUB or HMOP?
Over the past year FMUB returned -1.26% vs -1.49% for HMOP, so FMUB leads on 1-year performance. Over the longest common window we track (2 years), FMUB annualized +3.31% vs +1.96% for HMOP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FMUB or HMOP?
HMOP has been the more volatile fund at 4.8% annualized versus 4.5% for FMUB. Worst drawdown: FMUB -6.1% vs HMOP -6.0%.
Should I hold both FMUB and HMOP?
FMUB and HMOP have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FMUB or HMOP?
FMUB yields 3.76% while HMOP yields 4.03%, so HMOP currently pays the higher dividend yield.
Is HMOP better than FMUB?
HMOP has a lower expense ratio. FMUB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.