HMOP vs VOO
Hartford Municipal Opportunities ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | HMOP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.03% | |
| AUM | $786M | $979.0B | |
| Dividend Yield | 3.78% | 1.09% | |
| Holdings | 587 | 509 | |
| YTD Return | +1.17% | +13.44% | |
| 1Y Return | +5.13% | +22.62% | |
| 3Y Return (annualized) | +4.26% | +21.47% | |
| 5Y Return (annualized) | +1.19% | +13.27% | |
| Volatility (annualized) | 5.1% | 14.1% | |
| Max Drawdown | -13.6% | -34.3% | |
| Fund Family | Hartford Funds | Vanguard (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Dec 13, 2017 | Sep 7, 2010 |
HMOP vs VOO Performance
Hartford Municipal Opportunities ETF (HMOP) is a ETF from Hartford Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year HMOP returned +5.13% while VOO returned +22.62%. Year to date, HMOP is up 1.17% versus a gain of 13.44% for VOO.
Over three years, HMOP compounded at +4.26% per year against +21.47% for VOO; over five years the annualized figures are +1.19% and +13.27% respectively. Across the full 9-year window we track, VOO has the edge at +13.55% annualized vs +1.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 3.78% against 1.09% for VOO.
Holdings Overlap
HMOP and VOO share 0 holdings out of 842 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 VOO?
HMOP has an expense ratio of 0.29% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, HMOP or VOO?
Over the past year HMOP returned +5.13% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (9 years), HMOP annualized +1.38% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, HMOP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 5.1% for HMOP. Worst drawdown: HMOP -13.6% vs VOO -34.3%.
Should I hold both HMOP and VOO?
HMOP and VOO 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 VOO?
HMOP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 842 unique securities.
Which pays a higher dividend, HMOP or VOO?
HMOP yields 3.78% while VOO yields 1.09%, so HMOP currently pays the higher dividend yield.
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