HMOP vs EVSM
Comparison between HARTFORD MUNICIPAL OPPORTUNITIES ETF (HMOP, ETF) and EATON VANCE SHORT DURATION MUNICIPAL INCOME ETF (EVSM, ETF).
HMOP vs EVSM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
HMOP
$785M
EVSM
$781M
Expense Ratio
HMOP
0.29%
Winner
EVSM
0.19%
Max Drawdown
HMOP
16.09%
Winner
EVSM
2.12%
Sharpe Ratio
Winner
HMOP
0.25
EVSM
-0.93
5Y Beta
HMOP
0.03
Winner
EVSM
0.01
5Y Dividends CAGR
HMOP
-6.56%
EVSM
N/A
HMOP vs EVSM - Historical Returns
Returns include dividend reinvestment.
1M
HMOP
+0.37%
Winner
EVSM
+0.50%
3M
HMOP
+0.30%
Winner
EVSM
+0.73%
6M
HMOP
-1.23%
Winner
EVSM
+0.21%
1Y
Winner
HMOP
+4.45%
EVSM
+2.59%
5Y(CAGR)
HMOP
+1.12%
EVSM
N/A
10Y(CAGR)
HMOP
+2.57%
EVSM
N/A
Max(CAGR)
HMOP
+2.57%
Winner
EVSM
+3.36%
HMOP vs EVSM - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | HMOP | EVSM |
|---|---|---|
| 2026 | +0.78% | +1.32% |
| 2025 | +4.78% | +4.30% |
| 2024 | +2.62% | +2.52% |
| 2023 | +6.62% | N/A |
| 2022 | -8.27% | N/A |
| 2021 | +1.96% | N/A |
| 2020 | +5.35% | N/A |
| 2019 | +7.75% | N/A |
| 2018 | +1.57% | N/A |
| 2017 | +0.05% | N/A |
HMOP vs EVSM Drawdown Comparison
The maximum drawdown for HMOP was -13.12%, occurring on Oct 25, 2022. Recovery took 766 trading sessions.
The maximum drawdown for EVSM was -1.50%, occurring on Apr 11, 2025. Recovery took 40 trading sessions.
The current HMOP drawdown is -1.46%. The current EVSM drawdown is -0.11%.
| Rank | HMOP | EVSM |
|---|---|---|
| #1 | -13.12% Jul 19, 2021 - Aug 5, 2024 | -1.50% Apr 4, 2025 - Jun 3, 2025 |
| #2 | -11.23% Mar 9, 2020 - Jul 30, 2020 | -1.07% Feb 27, 2026 - Jun 5, 2026 |
| #3 | -3.71% Feb 28, 2025 - Sep 5, 2025 | -0.81% Oct 15, 2024 - Dec 4, 2024 |
| #4 | -2.70% Feb 27, 2026 - Mar 26, 2026 | -0.68% Dec 6, 2024 - Jan 27, 2025 |
| #5 | -2.35% Dec 6, 2024 - Feb 26, 2025 | -0.62% Jul 6, 2026 - Jul 24, 2026 |
| #6 | -2.02% Oct 3, 2024 - Dec 4, 2024 | -0.54% May 15, 2024 - Jun 13, 2024 |
| #7 | -1.95% Feb 11, 2021 - May 28, 2021 | -0.52% Apr 1, 2024 - May 7, 2024 |
| #8 | -1.76% Jan 25, 2018 - Dec 4, 2018 | -0.49% Feb 26, 2025 - Apr 4, 2025 |
| #9 | -1.59% Aug 28, 2019 - Jan 3, 2020 | -0.42% Jul 24, 2024 - Aug 1, 2024 |
| #10 | -0.88% Aug 7, 2020 - Nov 17, 2020 | -0.38% Feb 6, 2025 - Feb 25, 2025 |
| #11 | -0.81% Aug 5, 2024 - Sep 5, 2024 | -0.36% Jul 16, 2024 - Jul 24, 2024 |
| #12 | -0.79% Dec 18, 2017 - Jan 3, 2018 | -0.34% Aug 5, 2024 - Aug 23, 2024 |
| #13 | -0.69% Jan 3, 2018 - Jan 25, 2018 | -0.34% Sep 17, 2025 - Oct 13, 2025 |
| #14 | -0.47% Oct 27, 2025 - Nov 10, 2025 | -0.26% Oct 2, 2024 - Oct 15, 2024 |
| #15 | -0.46% Sep 17, 2025 - Oct 13, 2025 | -0.26% Nov 11, 2025 - Dec 11, 2025 |
Correlation
Correlation between HMOP and EVSM is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2018 - 2026)
HMOP vs EVSM dividend yield comparison.
| Year | HMOP | EVSM |
|---|---|---|
| 2026 | 2.04% | 1.75% |
| 2025 | 3.39% | 3.12% |
| 2024 | 3.22% | 2.99% |
| 2023 | 2.92% | 0.00% |
| 2022 | 2.12% | 0.00% |
| 2021 | 1.67% | 0.00% |
| 2020 | 5.26% | 0.00% |
| 2019 | 2.87% | 0.00% |
| 2018 | 2.27% | 0.00% |
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