HMOP vs MINO
Hartford Municipal Opportunities ETF vs PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Which is better, HMOP or MINO?
Nearly the same fund. HMOP costs less.
HMOP has a lower expense ratio. HMOP led over 1Y, 5Y and the full window, MINO over 3Y. 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 | HMOP | MINO |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.39% |
| AUM | $806M | $850M |
| Dividend Yield | 4.03% | 4.17% |
| Holdings | 1,265 | 1,083 |
| YTD Return | -2.38%Best | -2.95% |
| 1Y Return | -1.49%Best | -2.10% |
| 3Y Return (annualized) | +3.89% | +3.99%Best |
| 5Y Return (annualized) | +0.67%Best | +0.59% |
| Volatility (annualized) | 5.9%Best | 6.8% |
| Max Drawdown | -12.8%Best | -15.2% |
| $10,000 over 5 years | $10,340Best | $10,299 |
| Fund Family | Hartford Funds | PIMCO (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Sep 8, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2021 to Oct 14, 2026 (5.1 years).
HMOP vs MINO 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 5.1 years both funds cover.
HMOP vs MINO Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US). Over the past year HMOP returned -1.49% while MINO returned -2.10%. Year to date, HMOP is down 2.38% versus a loss of 2.95% for MINO.
Over three years, HMOP compounded at +3.89% per year against +3.99% for MINO; over five years the annualized figures are +0.67% and +0.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MINO has been the more volatile fund, with annualized monthly volatility of 6.8% compared with 5.9% 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 -12.8% for HMOP and -15.2% for MINO. 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
HMOP charges 0.29% per year while MINO 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 4.17% for MINO.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 226 in MINO, totalling 35.1% and 33.7% 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, 23 positions appear in both.
23 positions in common, counted across the 313 positions we hold weights for in HMOP and 226 in MINO, against full books of 1,265 and 1,083.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in MINO | Difference |
|---|---|---|---|
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/46 | 0.57% | 0.18% | 0.39% |
| 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% | 0.64% | 0.53% |
| OH ALLMED 5 11/01/20ALLEN CNTY OH HOSP FACS REVENU ALLMED 11/41 FIXED 5 | 0.37% | 0.14% | 0.23% |
| WA WASHSG 5 07/01/20Washington St Hsg Fin Commn Nonprofit Rev 5.0% 01-Jul-2040 | 0.36% | 0.13% | 0.23% |
| AL SEEPWR 03/01/2055Southeast Energy Authority A Cooperative District 5.25 03/01/2055 | 0.23% | 0.20% | 0.03% |
| NY NYEFAC 07/01/2056New York Energy Fin Dev Corp Nyefac 07/56 Adjustable Var | 0.23% | 0.19% | 0.04% |
| PR PRCGEN 4.33 07/01Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329 | 0.29% | 0.08% | 0.21% |
| CA CCEDEV 05/01/2054California Cmnty Choice Fing A Ccedev 05/54 Adjustable Var 05-01-1954 | 0.25% | 0.11% | 0.14% |
| PA PASTRN 5 12/01/20Pennsylvania Turnpike Commission 5 12/01/2049 | 0.18% | 0.16% | 0.02% |
| NH NFAPOL 4 12/01/20National Finance Authority, New Hampshire, Pollution Control Revenue Bonds, New York State Electric & Gas Corporation Project, Refunding Series 2022A | 0.16% | 0.13% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of HMOP and MINO 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 MINO?
HMOP has an expense ratio of 0.29% while MINO charges 0.39%. HMOP is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, HMOP or MINO?
Over the past year HMOP returned -1.49% vs -2.10% for MINO, so HMOP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or MINO?
MINO has been the more volatile fund at 6.8% annualized versus 5.9% for HMOP. Worst drawdown: HMOP -12.8% vs MINO -15.2%.
Should I hold both HMOP and MINO?
HMOP and MINO 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, HMOP or MINO?
HMOP yields 4.03% while MINO yields 4.17%, so MINO currently pays the higher dividend yield.
Is MINO better than HMOP?
HMOP has a lower expense ratio. HMOP led over 1Y, 5Y and the full window, MINO over 3Y. 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.