FLMB vs HMOP
Franklin Municipal Green Bond ETF vs Hartford Municipal Opportunities ETF
Which is better, FLMB or HMOP?
Nearly the same fund. HMOP costs less.
HMOP has a lower expense ratio. HMOP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95.
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 | FLMB | HMOP |
|---|---|---|
| Expense Ratio | 0.30% | 0.29%Best |
| AUM | $53M | $776M |
| Dividend Yield | 4.14% | 3.86% |
| Holdings | 77 | 1,265 |
| YTD Return | -5.00% | -2.85%Best |
| 1Y Return | -4.08% | -1.90%Best |
| 3Y Return (annualized) | +3.04% | +3.58%Best |
| 5Y Return (annualized) | -0.68% | +0.57%Best |
| Volatility (annualized) | 7.0% | 5.3%Best |
| Max Drawdown | -17.9% | -13.6%Best |
| $10,000 over 5 years | $9,665 | $10,288Best |
| Fund Family | Franklin Templeton Investments (US) | Hartford Funds |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Aug 31, 2017 | Dec 13, 2017 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 18, 2017 to Oct 12, 2026 (8.8 years).
FLMB vs HMOP 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.
FLMB vs HMOP Performance
Franklin Municipal Green Bond ETF (FLMB) is an ETF from Franklin Templeton Investments (US) and Hartford Municipal Opportunities ETF (HMOP) is an ETF from Hartford Funds. Over the past year FLMB returned -4.08% while HMOP returned -1.90%. Year to date, FLMB is down 5.00% versus a loss of 2.85% for HMOP.
Over three years, FLMB compounded at +3.04% per year against +3.58% for HMOP; over five years the annualized figures are -0.68% and +0.57% respectively. Across the full 9-year window we track, HMOP has the edge at +0.89% annualized vs +0.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLMB has been the more volatile fund, with annualized monthly volatility of 7.0% 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 -17.9% for FLMB and -13.6% for HMOP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FLMB charges 0.30% per year while HMOP charges 0.29%. On a $10,000 position that is $30 vs $29 annually, a gap of $1 per year that compounds over a long holding period. On income, FLMB currently yields 4.14% against 3.86% for HMOP.
Holdings Overlap
We hold position weights for 22 holdings in FLMB and 320 in HMOP, totalling 40.5% and 38.0% 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, 3 positions appear in both.
3 positions in common, counted across the 22 positions we hold weights for in FLMB and 320 in HMOP, against full books of 77 and 1,265.
Top Shared Holdings
| Stock | Weight in FLMB | Weight in HMOP | Difference |
|---|---|---|---|
| WI UNVMED 4 04/01/20Univ Hosps Clinics Auth Wi | 1.40% | 0.03% | 1.37% |
| PR PRCGEN 5 07/01/20Puerto Rico Sales Tax Financing Corp Sa 5.000 07/01/2058 | 0.69% | 0.07% | 0.62% |
| NY MTATRN 5 11/15/20Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Clima 11/15/2032 | 0.16% | 0.03% | 0.13% |
You are not choosing between two funds in isolation.
Whichever of FLMB and HMOP 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, FLMB or HMOP?
FLMB has an expense ratio of 0.30% while HMOP charges 0.29%. HMOP is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, FLMB or HMOP?
Over the past year FLMB returned -4.08% vs -1.90% for HMOP, so HMOP leads on 1-year performance. Over the longest common window we track (9 years), FLMB annualized +0.59% vs +0.89% for HMOP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FLMB or HMOP?
FLMB has been the more volatile fund at 7.0% annualized versus 5.3% for HMOP. Worst drawdown: FLMB -17.9% vs HMOP -13.6%.
Should I hold both FLMB and HMOP?
FLMB and HMOP have a monthly-return correlation of 0.95, 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, FLMB or HMOP?
FLMB yields 4.14% while HMOP yields 3.86%, so FLMB currently pays the higher dividend yield.
Is HMOP better than FLMB?
HMOP has a lower expense ratio. HMOP led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.