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ETFs

Hartford Municipal Opportunities ETF

HMOP
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 13 2017
Expense Ratio
0.29%
Type
US Bonds
Fund Owner
Hartford Funds
Volume (1m avg. daily)
$1,599,126
AUM
$376,225,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Delaware River P.A. 5 % Bonds 2013-01.01.28 Series 2013
2.13%
n/a
IOWA ST FIN AUTH REVENUE IASGEN 07/41 ADJUSTABLE VAR
1.65%
n/a
Arizona Indl (12 % Max) Remarketable Bonds 2019-01.02.48 Ref Phoenix Childrens Hosp 2019A Variable Rate
1.59%
n/a
CONNECTICUT ST HSG FIN AUTH HS CTSHSG 11/50 ADJUSTABLE VAR
1.51%
n/a
MASSACHUSETTS ST HLTH EDUCTN MASMED 07/27 ADJUSTABLE VAR
1.49%
n/a
W Palm Fla Util Sys Remarketable 2008-1.10.38 Var Series 2008C Var Rt
1.48%
n/a
NY City Hsg Dev Bonds 2005-15.4.35 Royal PPtys Series A Fltg Rt
1.41%
n/a
US DOLLAR
1.31%
n/a
ALVIN TX INDEP SCH DIST AVNSCD 02/36 FIXED 5
0.97%
n/a
Massach Dev Fin Agy 5 % Bonds 2016-15.07.36 Havard University Series 2016A
0.94%
Invest with HMOP

What is HMOP?

Hartford Municipal Opportunities ETF seeks to provide current income that is generally exempt from federal income taxes, and long-term total return. A municipal bond ETF that seeks to provide a diversified approach to income that is typically exempt from federal taxes and long-term total return.

ETFs related toHMOP

ETFs correlated to HMOP include SCMB, MMIN, JMUB

HMOP
Hartford Funds Exchange-Traded Trust - Hartford Municipal Opportunities ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
MMIN
IndexIQ Active ETF Trust - IQ MacKay Municipal Insured ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
MUB
BlackRock Institutional Trust Company N.A. - iShares National Muni Bond ETF
CMF
BlackRock Institutional Trust Company N.A. - iShares California Muni Bond ETF
VTEB
Vanguard Group, Inc. - Vanguard Tax-Exempt Bond ETF
ITM
VanEck ETF Trust - VanEck Intermediate Muni ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
MMIT
IndexIQ Active ETF Trust - IQ MacKay Municipal Intermediate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

HMOP is a US Bonds ETF. Hartford Municipal Opportunities ETF seeks to provide current income that is generally exempt from federal income taxes, and long-term total return. A municipal bond ETF that seeks to provide a diversified approach to income that is typically exempt from federal taxes and long-term total return.

Yes, HMOP is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HMOP is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HMOP is -0.0118%. This is the percent change in the value of HMOP over the most recent 1-month period. The 3-month return on HMOP is -0.0205%. This is the percent change in the value of HMOP over the most recent 3-month period.

The standard deviation of HMOP for the past year is 0.0442%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HMOP include HYMB, SUB, and HYD.

ETFs correlated to HMOP include SCMB, MMIN, and JMUB.

ETFs that are inversely correlated to HMOP include TBT, TMV, and TTT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.