HMOP vs RVNU
Hartford Municipal Opportunities ETF vs Xtrackers Municipal Infrastructure Revenue Bond Active ETF
Which is better, HMOP or RVNU?
HMOP has been ahead.
RVNU has a lower expense ratio. HMOP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | RVNU |
|---|---|---|
| Expense Ratio | 0.29% | 0.15%Best |
| AUM | $806M | $131M |
| Dividend Yield | 4.03% | 3.84% |
| Holdings | 1,265 | 513 |
| YTD Return | -2.38% | -2.34%Best |
| 1Y Return | -1.49%Best | -2.40% |
| 3Y Return (annualized) | +3.89%Best | +3.67% |
| 5Y Return (annualized) | +0.67%Best | -1.20% |
| Volatility (annualized) | 5.3%Best | 8.7% |
| Max Drawdown | -13.6%Best | -23.5% |
| $10,000 over 5 years | $10,340Best | $9,414 |
| Fund Family | Hartford Funds | Xtrackers ETFs |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Jun 4, 2013 |
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 RVNU 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 RVNU Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and Xtrackers Municipal Infrastructure Revenue Bond Active ETF (RVNU) is an ETF from Xtrackers ETFs. Over the past year HMOP returned -1.49% while RVNU returned -2.40%. Year to date, HMOP is down 2.38% versus a loss of 2.34% for RVNU.
Over three years, HMOP compounded at +3.89% per year against +3.67% for RVNU; over five years the annualized figures are +0.67% and -1.20% respectively. Across the full 9-year window we track, HMOP has the edge at +0.94% annualized vs +0.24%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RVNU has been the more volatile fund, with annualized monthly volatility of 8.7% 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 -23.5% for RVNU. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. 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 RVNU charges 0.15%. On a $10,000 position that is $29 vs $15 annually, a gap of $14 per year that compounds over a long holding period. On income, HMOP currently yields 4.03% against 3.84% for RVNU.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 115 in RVNU, totalling 35.1% and 35.5% 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, 8 positions appear in both.
8 positions in common, counted across the 313 positions we hold weights for in HMOP and 115 in RVNU, against full books of 1,265 and 513.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in RVNU | Difference |
|---|---|---|---|
| TX HARTRN 11/01/2050Harris County Industrial Development Corp 4.05 11/01/2050 | 0.05% | 0.72% | 0.67% |
| CA LOSUTL 5.25 07/01Los Angeles Department Of Water And Power, California, Water System Revenue Bonds, Series 2023A 5.25 07-01-2053 | 0.12% | 0.58% | 0.46% |
| TX DALAPT 5 11/01/20Dallas Fort Worth International Airport 5 11/01/2047 | 0.19% | 0.44% | 0.25% |
| CO DENAPT 5.5 11/15/Denver City & Cnty Co Arpt Rev Regd B/E Amt 5.50000000 11/15/42 | 0.26% | 0.22% | 0.04% |
| DC METAPT 5 10/01/20Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding Series 2021A. | 0.06% | 0.42% | 0.36% |
| NY MTATRN 5 11/15/20Metropolitan Transportation Authority 5 11/15/2046 | 0.03% | 0.29% | 0.26% |
| OR PTPAPT 5 07/01/20Portland (port Of), Or (portland International Airport), Series 2019 Twenty-five B, Rb | 0.07% | 0.22% | 0.15% |
| PA PASTRN 5 12/01/20Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2020b | 0.18% | 0.03% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of HMOP and RVNU 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 RVNU?
HMOP has an expense ratio of 0.29% while RVNU charges 0.15%. RVNU is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, HMOP or RVNU?
Over the past year HMOP returned -1.49% vs -2.40% for RVNU, so HMOP leads on 1-year performance. Over the longest common window we track (9 years), HMOP annualized +0.94% vs +0.24% for RVNU. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or RVNU?
RVNU has been the more volatile fund at 8.7% annualized versus 5.3% for HMOP. Worst drawdown: HMOP -13.6% vs RVNU -23.5%.
Should I hold both HMOP and RVNU?
HMOP and RVNU have a monthly-return correlation of 0.93, 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 RVNU?
HMOP yields 4.03% while RVNU yields 3.84%, so HMOP currently pays the higher dividend yield.
Is RVNU better than HMOP?
RVNU has a lower expense ratio. HMOP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.