HMOP vs IVV
Hartford Municipal Opportunities ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. HMOP offers more diversification with 622 holdings.
Side-by-Side Comparison
| Metric | HMOP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $795M | $907.0B | |
| Dividend Yield | 3.85% | 1.10% | |
| Holdings | 622 | 508 | |
| YTD Return | +0.81% | +12.28% | |
| 1Y Return | +4.48% | +20.94% | |
| 3Y Return (annualized) | +4.37% | +21.81% | |
| 5Y Return (annualized) | +1.13% | +13.05% | |
| Volatility (annualized) | 5.1% | 15.1% | |
| Max Drawdown | -13.6% | -56.5% | |
| Fund Family | Hartford Funds | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 13, 2017 | May 15, 2000 |
HMOP vs IVV Performance
Hartford Municipal Opportunities ETF (HMOP) is a ETF from Hartford Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HMOP returned +4.48% while IVV returned +20.94%. Year to date, HMOP is up 0.81% versus a gain of 12.28% for IVV.
Over three years, HMOP compounded at +4.37% per year against +21.81% for IVV; over five years the annualized figures are +1.13% and +13.05% respectively. Across the full 9-year window we track, IVV has the edge at +6.98% annualized vs +1.33%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.1% 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 -13.6% for HMOP and -56.5% for IVV. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HMOP charges 0.29% per year while IVV charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, HMOP currently yields 3.85% against 1.10% for IVV.
Holdings Overlap
HMOP and IVV share 0 holdings out of 830 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HMOP or IVV?
HMOP has an expense ratio of 0.29% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, HMOP or IVV?
Over the past year HMOP returned +4.48% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), HMOP annualized +1.33% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, HMOP or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.1% for HMOP. Worst drawdown: HMOP -13.6% vs IVV -56.5%.
Should I hold both HMOP and IVV?
HMOP and IVV have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HMOP and IVV?
HMOP and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 830 unique securities.
Which pays a higher dividend, HMOP or IVV?
HMOP yields 3.85% while IVV yields 1.10%, so HMOP currently pays the higher dividend yield.
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