HMOP vs TAXM
Hartford Municipal Opportunities ETF vs BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
Which is better, HMOP or TAXM?
Nearly the same fund. HMOP costs less.
HMOP has a lower expense ratio. HMOP led over 1Y 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 | TAXM |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.35% |
| AUM | $806M | $40M |
| Dividend Yield | 4.03% | 3.43% |
| Holdings | 1,265 | 162 |
| YTD Return | -2.38%Best | -3.22% |
| 1Y Return | -1.49%Best | -2.42% |
| 3Y Return (annualized) | +3.89% | - |
| 5Y Return (annualized) | +0.67% | - |
| Volatility (annualized) | 4.7%Tie | 4.7%Tie |
| Max Drawdown | -6.0%Best | -6.2% |
| $10,000 over 1.6 years | $10,183Best | $10,040 |
| Fund Family | Hartford Funds | BondBloxx |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Dec 13, 2017 | Mar 13, 2025 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.6 years row, are measured over the window both funds cover: Mar 13, 2025 to Oct 14, 2026 (1.6 years).
HMOP vs TAXM 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 1.6 years both funds cover.
HMOP vs TAXM Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) is an ETF from BondBloxx. Over the past year HMOP returned -1.49% while TAXM returned -2.42%. Year to date, HMOP is down 2.38% versus a loss of 3.22% for TAXM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HMOP and TAXM have been equally volatile, both at 4.7% annualized.
The deepest peak-to-trough decline in our data was -6.0% for HMOP and -6.2% for TAXM. 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 TAXM charges 0.35%. On a $10,000 position that is $29 vs $35 annually, a gap of $6 per year that compounds over a long holding period. On income, HMOP currently yields 4.03% against 3.43% for TAXM.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 69 in TAXM, totalling 35.1% and 32.5% 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, 9 positions appear in both.
9 positions in common, counted across the 313 positions we hold weights for in HMOP and 69 in TAXM, against full books of 1,265 and 162.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in TAXM | Difference |
|---|---|---|---|
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 0.03% | 1.32% | 1.29% |
| AL SEEPWR 05/01/2055Southeast Energy Authority A Cooperative District 5 05/01/2055 | 0.51% | 0.49% | 0.02% |
| TN TNSUTL 5 02/01/20Tennessee Energy Acquisition Corp Gas Rev Ser C | 0.05% | 0.72% | 0.67% |
| MA MASDEV 5 10/01/20Massachusetts Development Finance Agency 5% 10/01/2048 | 0.04% | 0.72% | 0.68% |
| IL ILSGEN 5 08/15/20Illinois (State Of) Finance Authority (University Of Chicago Medical), Series 2022 A, Rb | 0.03% | 0.60% | 0.57% |
| MA MASDEV 5 07/01/20Massachusetts St D 5 7/55 5 | 0.01% | 0.59% | 0.58% |
| AL ESDPWR 11/01/2053Energy Southeast A Cooperative District 5.5000008 11/01/2053 | 0.30% | 0.27% | 0.03% |
| GA MAIUTL 06/01/2055Main Str Nat Var 06/55 | 0.13% | 0.07% | 0.06% |
| AL BBEUTL 12/01/2053Black Belt Energy Gas Dist Al Regd V/R B/E 5.25000000 | 0.04% | 0.12% | 0.08% |
You are not choosing between two funds in isolation.
Whichever of HMOP and TAXM 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 TAXM?
HMOP has an expense ratio of 0.29% while TAXM charges 0.35%. HMOP is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, HMOP or TAXM?
Over the past year HMOP returned -1.49% vs -2.42% for TAXM, so HMOP leads on 1-year performance. Over the longest common window we track (2 years), HMOP annualized +1.14% vs +0.25% for TAXM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or TAXM?
HMOP and TAXM have been equally volatile, both at 4.7% annualized. Worst drawdown: HMOP -6.0% vs TAXM -6.2%.
Should I hold both HMOP and TAXM?
HMOP and TAXM 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 TAXM?
HMOP yields 4.03% while TAXM yields 3.43%, so HMOP currently pays the higher dividend yield.
Is TAXM better than HMOP?
HMOP has a lower expense ratio. HMOP led over 1Y 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.