HMOPvsMUBETF Comparison
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Hartford Municipal Opportunities ETF (HMOP) and iShares National Muni Bond ETF (MUB) belong to the same industry segment: Municipal Bonds. HMOP's top 1 sector exposures are Municipal. In contrast, MUB's top sector exposures are Municipal and Non-Corporate. HMOP is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.05% for MUB. HMOP is down -1.59% year-to-date (YTD) with +$203M in YTD flows. MUB performs worse with -2.03% YTD performance, and +$11.48B in YTD flows. Run a side-by-side ETF comparison of HMOP and MUB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HMOP vs MUB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HMOP MUB | -0.38%-0.14% | -3.06%-3.29% | -1.59%-2.03% | -0.75%-1.45% | +12.81%+6.25% | +4.07%-2.01% |
| Flows | HMOP MUB | +$52M+$6.47B | +$74M+$7.36B | +$203M+$11.48B | +$250M+$13.13B | +$460M+$16.57B | +$652M+$30.97B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HMOP MUB | +4.48%+5.07% | +2.83%+3.19% | +3.23%+3.67% | +3.26%+3.58% |
| Max drawdown | HMOP MUB | -5.25%-5.73% | -5.86%-6.40% | -5.86%-6.40% | -12.50%-11.55% |
| Max drawdown duration | HMOP MUB | 92d92d | 228d102d | 228d102d | 941d1488d |
Trading data
HMOP | MUB | |
Last sale 10/19/2026 at 1:30 PM | $37.47 | $102.34 |
| Previous close 10/16/2026 | $37.51 | $102.35 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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HMOP
is actively managed and doesn’t replicate an indexHMOP | MUB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
HMOP | MUB | |
|---|---|---|
| Last price | $37.47 | $102.34 |
| 1D performance | -0.11% | -0.01% |
| AuM | $823.92 M | $51.05 B |
| E/R | 0.29% | 0.05% |
Characteristics
HMOP | MUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Hartford Funds | iShares |
| Benchmark | - | ICE AMT-Free US National Municipal Index |
| N° of holdings | 157 | 3823 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2017 | September 7, 2007 |
| ESG | No | No |
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Exposure
Countries
HMOP
USA
28.25%
Other
71.75%
MUB
USA
56.95%
Other
43.05%
Sectors
HMOP
Municipal
28.25%
Other
71.75%
MUB
Municipal
56.94%
Other
43.06%
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Diversification
HMOP
Total weight of top 15 holdings out of 15
13.2%
MUB
Total weight of top 15 holdings out of 15
1.93%
Top 15 holdings
Data as of August 31, 2026
HMOP
US84136HCT86
2.14%
US64971WE639
1.26%
US31350AEF12
1.01%
US882725EQ35
0.96%
US20772J4Q24
0.79%
US452153PA17
0.79%
US45201YR419
0.78%
US3137HRVK27
0.75%
California Community Choice Financing Authority, 5% 1jun2036, USD (2026F)
0.74%
Energy Southeast, 5% 1nov2033, USD (2026)
0.68%
US882724QQ32
0.67%
US735371PX89
0.66%
California Community Choice Financing Authority, 5% 1dec2055, USD (2025C)
0.66%
US63607YCR99
0.66%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.65%
MUB
University of Texas, 5% 15aug2036, USD (2025B)
0.19%
US79642GTU66
0.15%
US650028ZA41
0.15%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.13%
Houston Higher Education Finance Corp., 5% 15may2034, USD (2024)
0.13%
New Jersey, 5% 1jun2028, USD
0.13%
Northwest Independent School District, 5.25% 15feb2055, USD (2025)
0.13%
Ohio State University, 5% 1jun2035, USD (2026)
0.12%
California, 5% 1sep2031, USD
0.12%
US93974EVY93
0.12%
Illinois, 5% 1nov2027, USD (2017D)
0.11%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.11%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.11%
US812643ZK32
0.11%
US44244CN944
0.11%
Frequently asked questions about HMOP and MUB
How have the HMOP and MUB ETFs performed in 2026?
As of October 15, 2026, HMOP is down -1.59% year-to-date (YTD), while MUB has lost -2.03%. That puts HMOP better performer ahead so far this year.
Which ETF is attracting more investor money: HMOP or MUB?
Year-to-date, the HMOP ETF saw +$203M in flows, compared to +$11.48B for MUB.
Which ETF is more volatile: HMOP or MUB?
Over the past year, HMOP had a volatility of 2.83%, while MUB experienced 3.19%.
Which ETF is bigger: HMOP or MUB?
As of October 15, 2026, HMOP holds $823.92 M in assets under management (AUM), while MUB manages $51.05 B.
What sectors do the HMOP and MUB ETFs invest in?
HMOP leans toward sectors like Municipal. Meanwhile, MUB focuses on Municipal.
What are the top holdings of the HMOP ETF and MUB ETF?
HMOP top holdings include US84136HCT86, US64971WE639 and US31350AEF12. MUB holds in its top three: University of Texas, 5% 15aug2036, USD (2025B), US79642GTU66 and US650028ZA41.
Which ETF is more diversified: HMOP or MUB?
HMOP holds 625 securities with 13.2% of its assets in the top 15. MUB has 6873 securities and a top 15 weight of 1.93%.
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Latest news about HMOP & MUB
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