HMOP vs PFM

Comparison between HARTFORD MUNICIPAL OPPORTUNITIES ETF (HMOP, ETF) and INVESCO DIVIDEND ACHIEVERS ETF (PFM, ETF).

5-Year PerformancePFM has outperformed HMOP, delivering a return of +10.6% compared to +1.1%

HMOP vs PFM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HMOP(ETF)	PFM(ETF)
Net Assets	$783M	$779M
Expense Ratio	0.29%	0.52%
Max Drawdown	16.09%	54.71%
Sharpe Ratio	0.76	1.29
5Y Beta	0.03	0.67
P/E Ratio	N/A	25.81
Forward P/E	N/A	20.22
5Y Dividends CAGR	-8.64%	4.18%
5Y EPS CAGR	N/A	14.47%
P/S Ratio	N/A	2.51
P/B Ratio	N/A	4.70

Net Assets

Winner

HMOP

$783M

PFM

$779M

Expense Ratio

Winner

HMOP

0.29%

PFM

0.52%

Max Drawdown

Winner

HMOP

16.09%

PFM

54.71%

Sharpe Ratio

HMOP

0.76

Winner

PFM

1.29

5Y Beta

Winner

HMOP

0.03

PFM

0.67

P/E Ratio

HMOP

N/A

PFM

25.81

Forward P/E

HMOP

N/A

PFM

20.22

5Y Dividends CAGR

HMOP

-8.64%

Winner

PFM

4.18%

5Y EPS CAGR

HMOP

N/A

PFM

14.47%

P/S Ratio

HMOP

N/A

PFM

2.51

P/B Ratio

HMOP

N/A

PFM

4.70

HMOP vs PFM - Historical Returns

Returns include dividend reinvestment.

Period	HMOP	PFM
1 month	-0.58%	+1.43%
3 months	+0.04%	+4.70%
6 months	+0.50%	+6.87%
1 year	+5.78%	+16.64%
5 years(CAGR)	+1.14%	+10.62%
10 years(CAGR)	+2.63%	+11.39%
Max(CAGR)	+2.63%	+8.74%

HMOP

-0.58%

Winner

PFM

+1.43%

HMOP

+0.04%

Winner

PFM

+4.70%

HMOP

+0.50%

Winner

PFM

+6.87%

HMOP

+5.78%

Winner

PFM

+16.64%

5Y(CAGR)

HMOP

+1.14%

Winner

PFM

+10.62%

10Y(CAGR)

HMOP

+2.63%

Winner

PFM

+11.39%

Max(CAGR)

HMOP

+2.63%

Winner

PFM

+8.74%

HMOP vs PFM - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	HMOP	PFM
2026	+1.04%	+8.81%
2025	+4.78%	+14.36%
2024	+2.62%	+16.93%
2023	+6.62%	+11.52%
2022	-8.27%	-6.07%
2021	+1.96%	+24.81%
2020	+5.35%	+9.32%
2019	+7.75%	+27.28%
2018	+1.57%	-4.59%
2017	+0.05%	+17.03%
2016	N/A	+15.96%
2015	N/A	-3.12%
2014	N/A	+12.13%
2013	N/A	+22.82%
2012	N/A	+9.73%
2011	N/A	+8.29%
2010	N/A	+13.16%
2009	N/A	+7.39%
2008	N/A	-28.22%
2007	N/A	-0.21%
2006	N/A	+14.35%
2005	N/A	+1.93%

HMOP vs PFM Drawdown Comparison

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

The maximum drawdown for PFM was -53.22%, occurring on Mar 9, 2009. Recovery took 1225 trading sessions.

The current HMOP drawdown is -1.21%. The current PFM drawdown is -0.73%.

Rank	HMOP	PFM
#1	-13.12% Jul 19, 2021 - Aug 5, 2024	-53.22% Oct 9, 2007 - Aug 17, 2012
#2	-11.23% Mar 9, 2020 - Jul 30, 2020	-32.19% Feb 14, 2020 - Sep 2, 2020
#3	-3.71% Feb 28, 2025 - Sep 5, 2025	-17.82% Jan 4, 2022 - Jul 20, 2023
#4	-2.70% Feb 27, 2026 - Mar 26, 2026	-15.08% Sep 21, 2018 - Mar 21, 2019
#5	-2.35% Dec 6, 2024 - Feb 26, 2025	-14.51% Feb 19, 2025 - Jun 30, 2025
#6	-2.02% Oct 3, 2024 - Dec 4, 2024	-13.07% Dec 23, 2014 - Mar 17, 2016
#7	-1.95% Feb 11, 2021 - May 28, 2021	-10.83% Jan 26, 2018 - Sep 11, 2018
#8	-1.76% Jan 25, 2018 - Dec 4, 2018	-9.67% Jul 26, 2023 - Dec 11, 2023
#9	-1.59% Aug 28, 2019 - Jan 3, 2020	-8.41% Jun 4, 2007 - Oct 1, 2007
#10	-0.88% Aug 7, 2020 - Nov 17, 2020	-7.10% Feb 11, 2026 - Apr 30, 2026
#11	-0.81% Aug 5, 2024 - Sep 5, 2024	-6.82% Oct 12, 2020 - Nov 9, 2020
#12	-0.79% Dec 18, 2017 - Jan 3, 2018	-6.63% Dec 31, 2013 - Mar 18, 2014
#13	-0.69% Jan 3, 2018 - Jan 25, 2018	-6.40% Oct 8, 2012 - Jan 4, 2013
#14	-0.47% Oct 27, 2025 - Nov 10, 2025	-6.39% Sep 2, 2020 - Oct 12, 2020
#15	-0.46% Sep 17, 2025 - Oct 13, 2025	-5.97% May 21, 2013 - Jul 18, 2013

Correlation

Correlation between HMOP and PFM is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2005 - 2026)

HMOP vs PFM dividend yield comparison.

Year	HMOP	PFM
2026	1.73%	0.69%
2025	3.39%	1.41%
2024	3.22%	1.58%
2023	2.92%	1.86%
2022	2.12%	1.95%
2021	1.67%	1.69%
2020	5.26%	1.92%
2019	2.87%	1.94%
2018	2.27%	2.27%
2017	0.00%	1.70%
2016	0.00%	2.56%
2015	0.00%	2.36%
2014	0.00%	1.93%
2013	0.00%	1.88%
2012	0.00%	2.36%
2011	0.00%	2.17%
2010	0.00%	1.99%
2009	0.00%	1.55%
2008	0.00%	3.12%
2007	0.00%	1.97%
2006	0.00%	1.84%
2005	0.00%	0.58%