FEM vs HMOP

Comparison between FIRST TRUST EMERGING MARKETS ALPHADEX FUND (FEM, ETF) and HARTFORD MUNICIPAL OPPORTUNITIES ETF (HMOP, ETF).

5-Year PerformanceFEM has outperformed HMOP, delivering a return of +6.8% compared to +1.3%

FEM vs HMOP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEM(ETF)	HMOP(ETF)
Net Assets	$765M	$765M
Expense Ratio	0.80%	0.29%
Max Drawdown	49.78%	16.09%
Sharpe Ratio	1.54	0.88
5Y Beta	0.66	0.03
5Y Dividends CAGR	4.66%	-7.54%

Net Assets

FEM

$765M

Winner

HMOP

$765M

Expense Ratio

FEM

0.80%

Winner

HMOP

0.29%

Max Drawdown

FEM

49.78%

Winner

HMOP

16.09%

Sharpe Ratio

Winner

FEM

1.54

HMOP

0.88

5Y Beta

FEM

0.66

Winner

HMOP

0.03

5Y Dividends CAGR

Winner

FEM

4.66%

HMOP

-7.54%

FEM vs HMOP - Historical Returns

Returns include dividend reinvestment.

Period	FEM	HMOP
1 month	-2.98%	+0.45%
3 months	+7.59%	+0.55%
6 months	+19.67%	+1.67%
1 year	+34.51%	+5.98%
5 years(CAGR)	+6.84%	+1.28%
10 years(CAGR)	+9.74%	+2.69%
Max(CAGR)	+3.88%	+2.69%

FEM

-2.98%

Winner

HMOP

+0.45%

Winner

FEM

+7.59%

HMOP

+0.55%

Winner

FEM

+19.67%

HMOP

+1.67%

Winner

FEM

+34.51%

HMOP

+5.98%

5Y(CAGR)

Winner

FEM

+6.84%

HMOP

+1.28%

10Y(CAGR)

Winner

FEM

+9.74%

HMOP

+2.69%

Max(CAGR)

Winner

FEM

+3.88%

HMOP

+2.69%

FEM vs HMOP - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	FEM	HMOP
2026	+15.66%	+1.29%
2025	+28.57%	+4.78%
2024	+3.92%	+2.62%
2023	+10.62%	+6.62%
2022	-15.44%	-8.27%
2021	+5.51%	+1.96%
2020	-3.18%	+5.35%
2019	+20.62%	+7.75%
2018	-16.98%	+1.57%
2017	+39.11%	+0.05%
2016	+18.71%	N/A
2015	-13.48%	N/A
2014	-8.74%	N/A
2013	-5.37%	N/A
2012	+18.21%	N/A
2011	-23.58%	N/A

FEM vs HMOP Drawdown Comparison

The maximum drawdown for FEM was -46.21%, occurring on Mar 18, 2020. Recovery took 825 trading sessions.

The maximum drawdown for HMOP was -13.12%, occurring on Oct 25, 2022. Recovery took 766 trading sessions.

The current FEM drawdown is -4.70%. The current HMOP drawdown is -0.97%.

Rank	FEM	HMOP
#1	-46.21% Jan 26, 2018 - May 7, 2021	-13.12% Jul 19, 2021 - Aug 5, 2024
#2	-41.78% Apr 27, 2011 - Aug 24, 2017	-11.23% Mar 9, 2020 - Jul 30, 2020
#3	-31.71% Sep 13, 2021 - May 17, 2024	-3.71% Feb 28, 2025 - Sep 5, 2025
#4	-18.82% May 17, 2024 - Jun 11, 2025	-2.70% Feb 27, 2026 - Mar 26, 2026
#5	-9.31% Feb 25, 2026 - Apr 9, 2026	-2.35% Dec 6, 2024 - Feb 26, 2025
#6	-8.61% Jun 2, 2021 - Sep 7, 2021	-2.02% Oct 3, 2024 - Dec 4, 2024
#7	-7.62% May 11, 2026 - Jun 10, 2026	-1.95% Feb 11, 2021 - May 28, 2021
#8	-7.06% Oct 5, 2017 - Jan 2, 2018	-1.76% Jan 25, 2018 - Dec 4, 2018
#9	-4.85% Nov 12, 2025 - Dec 23, 2025	-1.59% Aug 28, 2019 - Jan 3, 2020
#10	-4.67% Sep 20, 2017 - Oct 5, 2017	-0.88% Aug 7, 2020 - Nov 17, 2020
#11	-4.66% Jan 28, 2026 - Feb 11, 2026	-0.81% Aug 5, 2024 - Sep 5, 2024
#12	-4.53% Sep 22, 2025 - Nov 3, 2025	-0.79% Dec 18, 2017 - Jan 3, 2018
#13	-4.32% May 7, 2021 - Jun 1, 2021	-0.69% Jan 3, 2018 - Jan 25, 2018
#14	-3.00% Jun 12, 2025 - Jun 26, 2025	-0.47% Oct 27, 2025 - Nov 10, 2025
#15	-2.79% Jul 24, 2025 - Aug 6, 2025	-0.46% Sep 17, 2025 - Oct 13, 2025

Correlation

Correlation between FEM and HMOP is 0.72 which considered as a strong positive correlation - the stocks tend to move together.

0.72

-101

Dividend Comparison (2011 - 2026)

FEM vs HMOP dividend yield comparison.

Year	FEM	HMOP
2026	0.10%	1.41%
2025	3.13%	3.39%
2024	3.66%	3.22%
2023	4.96%	2.92%
2022	6.15%	2.12%
2021	4.15%	1.67%
2020	2.68%	5.26%
2019	3.31%	2.87%
2018	3.52%	2.27%
2017	2.45%	0.00%
2016	2.25%	0.00%
2015	3.61%	0.00%
2014	2.85%	0.00%
2013	2.62%	0.00%
2012	2.21%	0.00%
2011	0.92%	0.00%