HMOP vs JHMU
Hartford Municipal Opportunities ETF vs John Hancock Dynamic Municipal Bond ETF
Which is better, HMOP or JHMU?
Nearly the same fund. HMOP costs less.
HMOP has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99.
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 | HMOP | JHMU |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.39% |
| AUM | $806M | $53M |
| Dividend Yield | 4.03% | 4.06% |
| Holdings | 1,265 | 424 |
| YTD Return | -2.38% | -2.25%Best |
| 1Y Return | -1.49% | -0.91%Best |
| 3Y Return (annualized) | +3.89% | +4.83%Best |
| 5Y Return (annualized) | +0.67% | - |
| Volatility (annualized) | 4.3%Best | 4.5% |
| Max Drawdown | -6.0%Best | -6.2% |
| $10,000 over 2.9 years | $11,236 | $11,466Best |
| Fund Family | Hartford Funds | John Hancock Investment Management |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Nov 1, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
HMOP vs JHMU 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 2.9 years both funds cover.
HMOP vs JHMU Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management. Over the past year HMOP returned -1.49% while JHMU returned -0.91%. Year to date, HMOP is down 2.38% versus a loss of 2.25% for JHMU.
Over three years, HMOP compounded at +3.89% per year against +4.83% for JHMU.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHMU has been the more volatile fund, with annualized monthly volatility of 4.5% compared with 4.3% 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 -6.0% for HMOP and -6.2% for JHMU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
HMOP charges 0.29% per year while JHMU charges 0.39%. On a $10,000 position that is $29 vs $39 annually, a gap of $10 per year that compounds over a long holding period. On income, HMOP currently yields 4.03% against 4.06% for JHMU.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 117 in JHMU, totalling 35.1% and 39.3% 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, 12 positions appear in both.
12 positions in common, counted across the 313 positions we hold weights for in HMOP and 117 in JHMU, against full books of 1,265 and 424.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in JHMU | Difference |
|---|---|---|---|
| CO STH 5 04/01/2035Sthrn Ute Indian Tribe Of Sthr Sth 04/35 Fixed 5 | 0.29% | 0.57% | 0.28% |
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/27 | 0.57% | 0.20% | 0.37% |
| PA LANMED 4 07/01/20Lancaster Pa Indl Dev Auth Regd B/E 4.00000000 | 0.03% | 0.59% | 0.56% |
| AK NRTFAC 4 06/01/20Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Senior Series 2021A Class 1 | 0.15% | 0.36% | 0.21% |
| NY NYTTRN 6 06/30/20New York St Transprtn Dev Corp Nyttrn 06/54 Fixed 6 | 0.11% | 0.36% | 0.25% |
| MA MASDEV 5 10/01/20Massachusetts Development Finance Agency Series 2020-C 5.00%, 10/01/27 | 0.04% | 0.42% | 0.38% |
| DC METAPT 5 10/01/20Met Washington Dc Arpts Auth A 5 2030-10-01 | 0.06% | 0.38% | 0.32% |
| AL SEEPWR 03/01/2055Southeast Energy Authority A Cooperative District 5.25 03/01/2055 | 0.23% | 0.18% | 0.05% |
| TX ELPMED 5 02/15/20El Paso County Hospital Distri Elpmed 02/40 Fixed 5 5 51181 2040-02-15 | 0.22% | 0.19% | 0.03% |
| FL STJMED 4 12/15/20St Johns Co Indl Dev 4 12/15/2030 | 0.04% | 0.22% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of HMOP and JHMU 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, HMOP or JHMU?
HMOP has an expense ratio of 0.29% while JHMU charges 0.39%. HMOP is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HMOP or JHMU?
Over the past year HMOP returned -1.49% vs -0.91% for JHMU, so JHMU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or JHMU?
JHMU has been the more volatile fund at 4.5% annualized versus 4.3% for HMOP. Worst drawdown: HMOP -6.0% vs JHMU -6.2%.
Should I hold both HMOP and JHMU?
HMOP and JHMU have a monthly-return correlation of 0.99, 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, HMOP or JHMU?
HMOP yields 4.03% while JHMU yields 4.06%, so JHMU currently pays the higher dividend yield.
Is JHMU better than HMOP?
HMOP has a lower expense ratio. JHMU led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.