HMOP vs SCHD
Hartford Municipal Opportunities ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. HMOP offers more diversification with 337 holdings.
Side-by-Side Comparison
| Metric | HMOP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.06% | |
| AUM | $786M | $103.7B | |
| Dividend Yield | 3.78% | 3.31% | |
| Holdings | 587 | 104 | |
| YTD Return | +1.22% | +24.26% | |
| 1Y Return | +5.13% | +31.38% | |
| 3Y Return (annualized) | +4.29% | +15.08% | |
| 5Y Return (annualized) | +1.20% | +9.72% | |
| Volatility (annualized) | 5.1% | 13.6% | |
| Max Drawdown | -13.6% | -33.4% | |
| Fund Family | Hartford Funds | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 13, 2017 | Oct 20, 2011 |
HMOP vs SCHD Performance
Hartford Municipal Opportunities ETF (HMOP) is a ETF from Hartford Funds and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HMOP returned +5.13% while SCHD returned +31.38%. Year to date, HMOP is up 1.22% versus a gain of 24.26% for SCHD.
Over three years, HMOP compounded at +4.29% per year against +15.08% for SCHD; over five years the annualized figures are +1.20% and +9.72% respectively. Across the full 9-year window we track, SCHD has the edge at +11.39% annualized vs +1.39%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HMOP charges 0.29% per year while SCHD charges 0.06%. On a $10,000 position that is $29 vs $6 annually, a gap of $23 per year that compounds over a long holding period. On income, HMOP currently yields 3.78% against 3.31% for SCHD.
Holdings Overlap
HMOP and SCHD share 0 holdings out of 437 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 SCHD?
HMOP has an expense ratio of 0.29% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, HMOP or SCHD?
Over the past year HMOP returned +5.13% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (9 years), HMOP annualized +1.39% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, HMOP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.1% for HMOP. Worst drawdown: HMOP -13.6% vs SCHD -33.4%.
Should I hold both HMOP and SCHD?
HMOP and SCHD have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HMOP and SCHD?
HMOP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 437 unique securities.
Which pays a higher dividend, HMOP or SCHD?
HMOP yields 3.78% while SCHD yields 3.31%, so HMOP currently pays the higher dividend yield.
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