HMOP vs FEM

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

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

HMOP vs FEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

HMOP

$765M

FEM

$765M

Expense Ratio

Winner

HMOP

0.29%

FEM

0.80%

Max Drawdown

Winner

HMOP

16.09%

FEM

49.78%

Sharpe Ratio

HMOP

0.88

Winner

FEM

1.54

5Y Beta

Winner

HMOP

0.03

FEM

0.66

5Y Dividends CAGR

HMOP

-7.54%

Winner

FEM

4.66%

HMOP vs FEM - Historical Returns

Returns include dividend reinvestment.

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

Winner

HMOP

+0.45%

FEM

-2.98%

HMOP

+0.55%

Winner

FEM

+7.59%

HMOP

+1.67%

Winner

FEM

+19.67%

HMOP

+5.98%

Winner

FEM

+34.51%

5Y(CAGR)

HMOP

+1.28%

Winner

FEM

+6.84%

10Y(CAGR)

HMOP

+2.69%

Winner

FEM

+9.74%

Max(CAGR)

HMOP

+2.69%

Winner

FEM

+3.88%

HMOP vs FEM - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

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

HMOP vs FEM Drawdown Comparison

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

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

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

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

Correlation

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

0.72

-101

Dividend Comparison (2011 - 2026)

HMOP vs FEM dividend yield comparison.

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