HCOM vs NMI
HCOM vs NMI
Hartford Schroders Commodity Strategy ETF vs Nuveen Municipal Income Fund Inc.
Quick Verdict
HCOM has a lower expense ratio. NMI delivered stronger 1-year returns. NMI offers more diversification with 95 holdings.
Side-by-Side Comparison
| Metric | HCOM | NMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.73% | |
| AUM | $9M | - | |
| Dividend Yield | 10.95% | 4.57% | |
| Holdings | 55 | 220 | |
| YTD Return | +0.71% | +11.08% | |
| 1Y Return | -4.90% | +14.95% | |
| 3Y Return (annualized) | -6.95% | +9.79% | |
| 5Y Return (annualized) | - | +2.16% | |
| Volatility (annualized) | 14.7% | 11.0% | |
| Max Drawdown | -28.8% | -34.4% | |
| Fund Family | Hartford Funds | Nuveen | |
| Category | Commodity | Tax Preferred | |
| Inception | Sep 14, 2021 | Apr 20, 1988 |
HCOM vs NMI Performance
Hartford Schroders Commodity Strategy ETF (HCOM) is a ETF from Hartford Funds and Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen. Over the past year HCOM returned -4.90% while NMI returned +14.95%. Year to date, HCOM is up 0.71% versus a gain of 11.08% for NMI.
Over three years, HCOM compounded at -6.95% per year against +9.79% for NMI. Across the full 4-year window we track, HCOM has the edge at +0.68% annualized vs +0.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOM has been the more volatile fund, with annualized monthly volatility of 14.7% compared with 11.0% for NMI. 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 -28.8% for HCOM and -34.4% for NMI. 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 -0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HCOM charges 0.59% per year while NMI charges 0.73%. On a $10,000 position that is $59 vs $73 annually, a gap of $14 per year that compounds over a long holding period. On income, HCOM currently yields 10.95% against 4.57% for NMI.
Frequently Asked Questions
Which is cheaper, HCOM or NMI?
HCOM has an expense ratio of 0.59% while NMI charges 0.73%. HCOM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, HCOM or NMI?
Over the past year HCOM returned -4.90% vs +14.95% for NMI, so NMI leads on 1-year performance. Over the longest common window we track (4 years), HCOM annualized +0.68% vs +0.38% for NMI. Past performance does not guarantee future results.
Which is riskier, HCOM or NMI?
HCOM has been the more volatile fund at 14.7% annualized versus 11.0% for NMI. Worst drawdown: HCOM -28.8% vs NMI -34.4%.
Should I hold both HCOM and NMI?
HCOM and NMI have a monthly-return correlation of -0.07, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, HCOM or NMI?
HCOM yields 10.95% while NMI yields 4.57%, so HCOM currently pays the higher dividend yield.
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