FMN vs HCOM
FMN vs HCOM
Federated Hermes Premier Municipal Income Fund vs Hartford Schroders Commodity Strategy ETF
Quick Verdict
HCOM has a lower expense ratio. FMN delivered stronger 1-year returns. FMN offers more diversification with 85 holdings.
Side-by-Side Comparison
| Metric | FMN | HCOM | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.59% | |
| AUM | $16M | $9M | |
| Dividend Yield | 4.29% | 10.95% | |
| Holdings | 150 | 55 | |
| YTD Return | +3.51% | +0.71% | |
| 1Y Return | +9.90% | -4.90% | |
| 3Y Return (annualized) | +7.05% | -6.95% | |
| 5Y Return (annualized) | -2.30% | - | |
| Volatility (annualized) | 14.7% | 14.7% | |
| Max Drawdown | -53.4% | -28.8% | |
| Fund Family | Federated Hermes | Hartford Funds | |
| Category | Tax Preferred | Commodity | |
| Inception | Dec 20, 2002 | Sep 14, 2021 |
FMN vs HCOM Performance
Federated Hermes Premier Municipal Income Fund (FMN) is a ETF from Federated Hermes and Hartford Schroders Commodity Strategy ETF (HCOM) is a ETF from Hartford Funds. Over the past year FMN returned +9.90% while HCOM returned -4.90%. Year to date, FMN is up 3.51% versus a gain of 0.71% for HCOM.
Over three years, FMN compounded at +7.05% per year against -6.95% for HCOM. Across the full 4-year window we track, HCOM has the edge at +0.68% annualized vs -0.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FMN has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 14.7% for HCOM. 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 -53.4% for FMN and -28.8% for HCOM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FMN charges 0.75% per year while HCOM charges 0.59%. On a $10,000 position that is $75 vs $59 annually, a gap of $16 per year that compounds over a long holding period. On income, FMN currently yields 4.29% against 10.95% for HCOM.
Frequently Asked Questions
Which is cheaper, FMN or HCOM?
FMN has an expense ratio of 0.75% while HCOM charges 0.59%. HCOM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, FMN or HCOM?
Over the past year FMN returned +9.90% vs -4.90% for HCOM, so FMN leads on 1-year performance. Over the longest common window we track (4 years), FMN annualized -0.21% vs +0.68% for HCOM. Past performance does not guarantee future results.
Which is riskier, FMN or HCOM?
FMN has been the more volatile fund at 14.7% annualized versus 14.7% for HCOM. Worst drawdown: FMN -53.4% vs HCOM -28.8%.
Should I hold both FMN and HCOM?
FMN and HCOM have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FMN or HCOM?
FMN yields 4.29% while HCOM yields 10.95%, so HCOM currently pays the higher dividend yield.
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