HMOP vs SCMB
Hartford Municipal Opportunities ETF vs Schwab Municipal Bond ETF
Which is better, HMOP or SCMB?
Nearly the same fund. SCMB costs less.
SCMB has a lower expense ratio. HMOP led over 1Y, 3Y 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 | HMOP | SCMB |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $806M | $3.1B |
| Dividend Yield | 4.03% | 3.74% |
| Holdings | 1,265 | 7,278 |
| YTD Return | -2.38%Best | -3.06% |
| 1Y Return | -1.49%Best | -2.05% |
| 3Y Return (annualized) | +3.89%Best | +2.76% |
| 5Y Return (annualized) | +0.67% | - |
| Volatility (annualized) | 5.4%Best | 6.2% |
| Max Drawdown | -6.0%Best | -6.7% |
| $10,000 over 4 years | $11,475Best | $11,042 |
| Fund Family | Hartford Funds | Charles Schwab Investment Mangement |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Oct 11, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Oct 12, 2022 to Oct 14, 2026 (4 years).
HMOP vs SCMB 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 4 years both funds cover.
HMOP vs SCMB Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and Schwab Municipal Bond ETF (SCMB) is an ETF from Charles Schwab Investment Mangement. Over the past year HMOP returned -1.49% while SCMB returned -2.05%. Year to date, HMOP is down 2.38% versus a loss of 3.06% for SCMB.
Over three years, HMOP compounded at +3.89% per year against +2.76% for SCMB. Across the full 4-year window we track, HMOP has the edge at +3.50% annualized vs +2.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCMB has been the more volatile fund, with annualized monthly volatility of 6.2% compared with 5.4% 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 -6.7% for SCMB. 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 SCMB charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, HMOP currently yields 4.03% against 3.74% for SCMB.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 2,477 in SCMB, totalling 35.1% and 23.7% 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, 45 positions appear in both.
45 positions in common, counted across the 313 positions we hold weights for in HMOP and 2,477 in SCMB, against full books of 1,265 and 7,278.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in SCMB | Difference |
|---|---|---|---|
| TX HARGEN 5 11/15/20Harris Cnty Houston Tx Sports Hargen 11/33 Fixed 5 5 11/20/2024 | 0.20% | 0.00% | 0.20% |
| TX DALAPT 5 11/01/20Dallas & Fort-C-Ref 5 11/1/2031 5 2031-11-01 | 0.19% | 0.00% | 0.19% |
| TX CTXGEN 5 01/01/20Central Tex Regl Mobility Auth 5% Jan 01, 2046 | 0.18% | 0.01% | 0.17% |
| PA PASTRN 5 12/01/20Pennsylvania Turnpike Commission Revenue | 0.18% | 0.00% | 0.18% |
| CA SJHTRN 4 01/15/20San Joaquin Hills Transportation Corridor Agency | 0.15% | 0.00% | 0.15% |
| TX AUSAPT 5 11/15/20City Of Austin Airport System Revenue 5 11/15/2032 | 0.13% | 0.00% | 0.13% |
| IL ILSGEN 5 06/15/20State Of Illinois Sales Tax Revenue 5 06/15/2035 | 0.13% | 0.00% | 0.13% |
| PA PHISCD 5 09/01/20Philadelphia Pa Sch Dist Phiscd 09/35 Fixed 5 5 2035-09-01 | 0.11% | 0.02% | 0.09% |
| IN INSPWR 5 01/01/20INDIANA ST MUNI PWR AGY INSPWR 01/34 FIXED 5 5 2034-01-01 | 0.10% | 0.02% | 0.08% |
| MI DETDEV 5 07/01/20Detroit Mi Downtown Dev Auth T Detdev 07/48 Fixed 5 5% 07/01/2048 | 0.12% | 0.00% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of HMOP and SCMB 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 SCMB?
HMOP has an expense ratio of 0.29% while SCMB charges 0.03%. SCMB is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, HMOP or SCMB?
Over the past year HMOP returned -1.49% vs -2.05% for SCMB, so HMOP leads on 1-year performance. Over the longest common window we track (4 years), HMOP annualized +3.50% vs +2.51% for SCMB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or SCMB?
SCMB has been the more volatile fund at 6.2% annualized versus 5.4% for HMOP. Worst drawdown: HMOP -6.0% vs SCMB -6.7%.
Should I hold both HMOP and SCMB?
HMOP and SCMB 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 SCMB?
HMOP yields 4.03% while SCMB yields 3.74%, so HMOP currently pays the higher dividend yield.
Is SCMB better than HMOP?
SCMB has a lower expense ratio. HMOP led over 1Y, 3Y 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.