HMOPvsSUBETF Comparison
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Hartford Municipal Opportunities ETF (HMOP) and iShares Short-Term National Muni Bond ETF (SUB) belong to the same industry segment: Municipal Bonds. HMOP's top 1 sector exposures are Municipal. In contrast, SUB's top sector exposures are Municipal and Non-Corporate. HMOP is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.07% for SUB. HMOP is down -1.59% year-to-date (YTD) with +$203M in YTD flows. SUB performs better with 0.64% YTD performance, and +$2.50B in YTD flows. Run a side-by-side ETF comparison of HMOP and SUB 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 SUB 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 SUB | -0.38%+0.09% | -3.06%-0.38% | -1.59%+0.64% | -0.75%+1.13% | +12.81%+9.28% | +4.07%+7.37% |
| Flows | HMOP SUB | +$52M+$1.05B | +$74M+$1.51B | +$203M+$2.50B | +$250M+$2.84B | +$460M+$3.82B | +$652M+$6.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HMOP SUB | +4.48%+1.90% | +2.83%+1.15% | +3.23%+1.17% | +3.26%+1.22% |
| Max drawdown | HMOP SUB | -5.25%-1.94% | -5.86%-1.94% | -5.86%-1.94% | -12.50%-3.94% |
| Max drawdown duration | HMOP SUB | 92d52d | 228d52d | 228d52d | 941d771d |
Trading data
HMOP | SUB | |
Last sale 10/19/2026 at 1:30 PM | $37.47 | $105.28 |
| Previous close 10/16/2026 | $37.51 | $105.28 |
| 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 | SUB | |
|---|---|---|
| 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 | SUB | |
|---|---|---|
| Last price | $37.47 | $105.28 |
| 1D performance | -0.11% | +0.00% |
| AuM | $823.92 M | $12.74 B |
| E/R | 0.29% | 0.07% |
Characteristics
HMOP | SUB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Hartford Funds | iShares |
| Benchmark | - | ICE Short Maturity AMT-Free US National Municipal Index |
| N° of holdings | 157 | 1169 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2017 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
HMOP
USA
28.25%
Other
71.75%
SUB
USA
46.89%
Other
53.11%
Sectors
HMOP
Municipal
28.25%
Other
71.75%
SUB
Municipal
46.88%
Other
53.12%
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Diversification
HMOP
Total weight of top 15 holdings out of 15
13.2%
SUB
Total weight of top 15 holdings out of 15
3.97%
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%
SUB
US13063EUS35
0.44%
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.36%
US64972JWP91
0.33%
New York Municipal Water Finance Authority, FRN 15jun2053, USD (2023)
0.27%
US13063EDB92
0.26%
US89602RPH20
0.25%
Empire State Development Corp., 5% 15sep2028, USD (2022A)
0.25%
US91412HWB58
0.24%
US646140JM63
0.24%
California, 5% 1nov2027, USD
0.23%
California, 5% 1apr2029, USD
0.23%
US812643H643
0.23%
US373385QU02
0.22%
City of New York, FRN 1feb2056, USD (2026)
0.22%
US207758Y563
0.20%
Frequently asked questions about HMOP and SUB
How have the HMOP and SUB ETFs performed in 2026?
As of October 15, 2026, HMOP is down -1.59% year-to-date (YTD), while SUB has returned 0.64%. That puts SUB better performer ahead so far this year.
Which ETF is attracting more investor money: HMOP or SUB?
Year-to-date, the HMOP ETF saw +$203M in flows, compared to +$2.50B for SUB.
Which ETF is more volatile: HMOP or SUB?
Over the past year, HMOP had a volatility of 2.83%, while SUB experienced 1.15%.
Which ETF is bigger: HMOP or SUB?
As of October 15, 2026, HMOP holds $823.92 M in assets under management (AUM), while SUB manages $12.74 B.
What sectors do the HMOP and SUB ETFs invest in?
HMOP leans toward sectors like Municipal. Meanwhile, SUB focuses on Municipal.
What are the top holdings of the HMOP ETF and SUB ETF?
HMOP top holdings include US84136HCT86, US64971WE639 and US31350AEF12. SUB holds in its top three: US13063EUS35, New Jersey Economic Development Authority, 5% 1mar2028, USD (2023) and US64972JWP91.
Which ETF is more diversified: HMOP or SUB?
HMOP holds 625 securities with 13.2% of its assets in the top 15. SUB has 2884 securities and a top 15 weight of 3.97%.
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Latest news about HMOP & SUB
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