HMOP vs KTF
Hartford Municipal Opportunities ETF vs DWS Municipal Income Trust
Which is better, HMOP or KTF?
Each has led over a different period.
HMOP led over 1Y, 5Y and the full window, KTF over 3Y.
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 | KTF |
|---|---|---|
| Expense Ratio | 0.29% | - |
| AUM | $806M | $321M |
| Dividend Yield | 4.03% | 9.36% |
| Holdings | 1,265 | 232 |
| YTD Return | -2.38%Best | -6.11% |
| 1Y Return | -1.49%Best | -5.53% |
| 3Y Return (annualized) | +3.89% | +9.12%Best |
| 5Y Return (annualized) | +0.67%Best | -1.77% |
| Volatility (annualized) | 5.3%Best | 12.5% |
| Max Drawdown | -13.6%Best | -35.4% |
| $10,000 over 5 years | $10,340Best | $9,146 |
| Fund Family | Hartford Funds | DWS |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Oct 20, 1988 |
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).
HMOP vs KTF 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.
HMOP vs KTF Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and DWS Municipal Income Trust (KTF) is an ETF from DWS. Over the past year HMOP returned -1.49% while KTF returned -5.53%. Year to date, HMOP is down 2.38% versus a loss of 6.11% for KTF.
Over three years, HMOP compounded at +3.89% per year against +9.12% for KTF; over five years the annualized figures are +0.67% and -1.77% respectively. Across the full 9-year window we track, HMOP has the edge at +0.94% annualized vs -0.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTF has been the more volatile fund, with annualized monthly volatility of 12.5% 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 -13.6% for HMOP and -35.4% for KTF. 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.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 105 in KTF, totalling 35.1% and 40.7% 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, 10 positions appear in both.
The two holdings books were reported 64 days apart, HMOP as of Oct 3, 2026 and KTF as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
10 positions in common, counted across the 313 positions we hold weights for in HMOP and 105 in KTF, against full books of 1,265 and 232.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in KTF | Difference |
|---|---|---|---|
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/46 | 0.57% | 1.01% | 0.44% |
| OH BUCGEN 5 06/01/20Buckeye Tobacco Settlement Financing Auth Oh Ref-Senior-Class 2-Ser B-2 5.000 Jun 01 55 | 0.11% | 0.62% | 0.51% |
| WI PUBTRN 6.5 06/30/Public Fin Auth Wi Toll Revenu Pubtrn 06/60 Fixed 6.5 | 0.21% | 0.21% | 0.00% |
| NY MTATRN 5 11/15/20Met Transprtn Auth Ny Revenue 11/15/2052 | 0.03% | 0.37% | 0.34% |
| IL ILSGEN 5 11/15/20Illinois St Fin Auth Revenue 5.0% 11/15/2045 | 0.02% | 0.32% | 0.30% |
| VA VASDEV 4 01/01/20Virginia Small Business Financing Authority (Elizabeth River Crossings Opco Llc) Series 2022 4.00%, | 0.12% | 0.10% | 0.02% |
| GA MAIUTL 09/01/2053Main Street Natural Gas Inc Ga Gas Supply Revenue 2053-09-01 | 0.06% | 0.15% | 0.09% |
| VA VASDEV 5 12/31/20Vasdev 5.000 12/31/52 | 0.04% | 0.14% | 0.10% |
| NY NYTTRN 6 06/30/20New York St Transprtn Dev Corp Nyttrn 06/54 Fixed 6 | 0.11% | 0.00% | 0.11% |
| AZ MARMED 5 09/01/20Maricopa Cnty Az Indl Dev Auth Hosp Revenue | 0.02% | 0.00% | 0.02% |
You are not choosing between two funds in isolation.
Whichever of HMOP and KTF 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 performed better, HMOP or KTF?
Over the past year HMOP returned -1.49% vs -5.53% for KTF, so HMOP leads on 1-year performance. Over the longest common window we track (9 years), HMOP annualized +0.94% vs -0.83% for KTF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or KTF?
KTF has been the more volatile fund at 12.5% annualized versus 5.3% for HMOP. Worst drawdown: HMOP -13.6% vs KTF -35.4%.
Should I hold both HMOP and KTF?
HMOP and KTF 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, HMOP or KTF?
HMOP yields 4.03% while KTF yields 9.36%, so KTF currently pays the higher dividend yield.
Is KTF better than HMOP?
HMOP led over 1Y, 5Y and the full window, KTF over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.