HMOP vs TXXI
Hartford Municipal Opportunities ETF vs BondBloxx IR+M Tax-Aware Intermediate Duration ETF
Which is better, HMOP or TXXI?
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 0.98.
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 | TXXI |
|---|---|---|
| Expense Ratio | 0.29%Best | 0.35% |
| AUM | $806M | $38M |
| Dividend Yield | 4.03% | 3.64% |
| Holdings | 1,265 | 164 |
| YTD Return | -2.38%Best | -2.69% |
| 1Y Return | -1.49%Best | -1.88% |
| 3Y Return (annualized) | +3.89% | - |
| 5Y Return (annualized) | +0.67% | - |
| Volatility (annualized) | 4.7% | 4.5%Best |
| Max Drawdown | -6.0% | -5.9%Best |
| $10,000 over 1.6 years | $10,183Best | $10,156 |
| 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 TXXI 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 TXXI Performance
Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) is an ETF from BondBloxx. Over the past year HMOP returned -1.49% while TXXI returned -1.88%. Year to date, HMOP is down 2.38% versus a loss of 2.69% for TXXI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HMOP has been the more volatile fund, with annualized monthly volatility of 4.7% compared with 4.5% for TXXI. 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 -5.9% for TXXI. 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 TXXI 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 3.64% for TXXI.
Holdings Overlap
We hold position weights for 313 holdings in HMOP and 86 in TXXI, totalling 35.1% and 42.8% 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.
10 positions in common, counted across the 313 positions we hold weights for in HMOP and 86 in TXXI, against full books of 1,265 and 164.
Top Shared Holdings
| Stock | Weight in HMOP | Weight in TXXI | Difference |
|---|---|---|---|
| NY MTATRN 5 11/15/20Ny Met Transprtn Auth Rev 5.00% 2050-11-15 | 0.03% | 1.27% | 1.24% |
| IL CHITRN 5 01/01/20Chicago Ill O Hare Intl Arpt Rev 5.0% 01-Jan-2041 | 0.03% | 1.05% | 1.02% |
| GA MAIUTL 12/01/2054Main Street Natural Gas Inc,5 12/01/2054 | 0.23% | 0.74% | 0.51% |
| AL SEEPWR 05/01/2055Southeast Energy Authority A Cooperative District 5 05/01/2055 | 0.51% | 0.34% | 0.17% |
| PA PASTRN 5 12/01/20Pennsylvania St Tu 5% 12/01/37 | 0.18% | 0.65% | 0.47% |
| TX DALAPT 5 11/01/20Dallas Fort Worth International Airport, Series 2024 | 0.19% | 0.55% | 0.36% |
| IL STSGEN 5 01/01/20Sales Tax Securitization Corp,5,2034-01-01 | 0.07% | 0.65% | 0.58% |
| AL BBEUTL 10/01/2055Black Belt Energy Gas District 5 10/01/2055 | 0.15% | 0.40% | 0.25% |
| NY NYCGEN 5 05/01/20New York Ny City Transitional Fin Auth Rev 5 | 0.03% | 0.47% | 0.44% |
| IL ILSGEN 5 08/15/20Illinois (State Of) Finance Authority (University Of Chicago Medical), Series 2022 A, Rb | 0.03% | 0.44% | 0.41% |
You are not choosing between two funds in isolation.
Whichever of HMOP and TXXI 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 TXXI?
HMOP has an expense ratio of 0.29% while TXXI charges 0.35%. HMOP is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, HMOP or TXXI?
Over the past year HMOP returned -1.49% vs -1.88% for TXXI, so HMOP leads on 1-year performance. Over the longest common window we track (2 years), HMOP annualized +1.14% vs +0.97% for TXXI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HMOP or TXXI?
HMOP has been the more volatile fund at 4.7% annualized versus 4.5% for TXXI. Worst drawdown: HMOP -6.0% vs TXXI -5.9%.
Should I hold both HMOP and TXXI?
HMOP and TXXI 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 TXXI?
HMOP yields 4.03% while TXXI yields 3.64%, so HMOP currently pays the higher dividend yield.
Is TXXI 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 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.