Hartford Municipal Opportunities ETF (HMOP) Performance
HMOP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.6% since Dec 31, 2025
- 1 year
- −0.1% total return
- 5 years
- +1.0% a year
- Since first price
- +2.4% a year since 2017
HMOP trailing returns vs AGG, TLT, SPY
| Period | HMOP total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.9% | −1.8% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.7% | −3.4% | −1.5% | −3.8% | +7.8% |
| YTD | −0.6% | −3.2% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.1% | −3.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +14.9%+4.7%/yr | +3.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +5.4%+1.0%/yr | −9.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionDec 14, 2017 | +22.9%+2.4%/yr | −5.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HMOP vs AGG
From Dec 14, 2017: HMOP grew to $12,287, AGG to $11,320.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HMOP returns by calendar year
7 of 8 full years positive. Best 2019 (+7.8%), worst 2022 (−8.4%). 2026 is year to date.
HMOP annual returns table
| Year | HMOP | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.6% | −6.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.7% | −3.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.5% | −2.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.8% | −4.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −8.4% | −12.6% | −13.0% | −31.2% | −18.2% |
| 2021 | +1.8% | −1.9% | −1.8% | −4.6% | +28.7% |
| 2020 | +5.5% | −11.2% | +7.5% | +18.2% | +18.3% |
| 2019 | +7.8% | −1.6% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.6% | −1.8% | +0.1% | −1.6% | −4.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HMOP largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 19, 2021 | −13.1% | Oct 25, 2022 | Aug 5, 2024 | 1.3 years | 3.0 years |
| Mar 9, 2020 | −11.2% | Mar 20, 2020 | Jul 30, 2020 | 11 days | 5 months |
| Feb 27, 2026 | −6.0% | Sep 29, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
HMOP risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +3.5% | +0.4% | +2.1% |
| Volatility (annualized) | 5.1% | 6.0% | 5.2% |
| Sharpe ratio | -0.16 | -0.51 | -0.07 |
| Sortino ratio | -0.22 | -0.66 | -0.09 |
| Best month | +5.0% | +5.0% | +5.0% |
| Worst month | −3.8% | −3.8% | −3.9% |
| Best 12 months | +10.5% | +10.5% | +10.5% |
| Worst 12 months | −2.0% | −11.7% | −11.7% |
| Positive months | 67% | 58% | 64% |
| Beta vs S&P 500 | 0.26 | 0.25 | — |
| Correlation with S&P 500 | 0.63 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HMOP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 95 | −11.7% | +3.7% | +10.5% | 82% |
| 3-year (a year) | 71 | −1.9% | +1.9% | +6.1% | 70% |
| 5-year (a year) | 47 | +0.4% | +1.5% | +2.5% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
HMOP performance overview
Hartford Municipal Opportunities ETF (HMOP) returned −0.1% over the past year and +1.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +2.4% a year, turning $10,000 into about $12,287. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −13.1%, from Jul 19, 2021 to Oct 25, 2022, and it took 1.8 years to get back to the old high. HMOP finished 7 of its 8 full calendar years with a gain; the best year was 2019 (+7.8%) and the worst 2022 (−8.4%). Volatility has been 5.2% a year.
Related: HMOP chart, HMOP dividends, HMOP bond profile. See the HMOP overview for the latest quote and fund facts.
HMOP performance FAQ
What is the HMOP return over the past year?
HMOP returned −0.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.5%.
What is the average annual return of HMOP?
HMOP has returned +1.0% a year over 5 years, +2.4% a year since December 14, 2017 (total return, distributions reinvested).
How much would $10,000 invested in HMOP be worth?
$10,000 invested in HMOP at its first recorded close on December 14, 2017 would be worth about $12,287 on October 23, 2026 with distributions reinvested.
What was the worst year for HMOP?
The worst calendar year was 2022, with a total return of −8.4%. The best was 2019 at +7.8%.
What is the biggest drawdown of HMOP?
The largest peak-to-trough decline was −13.1% between July 19, 2021 and October 25, 2022. It recovered to the old high on August 5, 2024, 1.8 years after the bottom.
How volatile is HMOP?
Over the past 3 years HMOP had an annualized volatility of 5.1% and a Sharpe ratio of -0.16 (excess return over 1–3 month T-bills per unit of risk).