PFM vs HMOP

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

5-Year PerformancePFM has outperformed HMOP, delivering a return of +10.8% compared to +1.1%

PFM vs HMOP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PFM(ETF)	HMOP(ETF)
Net Assets	$790M	$785M
Expense Ratio	0.52%	0.29%
Max Drawdown	54.71%	16.09%
Sharpe Ratio	1.48	0.25
5Y Beta	0.67	0.03
P/E Ratio	25.06	N/A
Forward P/E	20.62	N/A
5Y Dividends CAGR	4.18%	-6.56%
5Y EPS CAGR	14.33%	N/A
P/S Ratio	2.66	N/A
P/B Ratio	4.73	N/A

Net Assets

Winner

PFM

$790M

HMOP

$785M

Expense Ratio

PFM

0.52%

Winner

HMOP

0.29%

Max Drawdown

PFM

54.71%

Winner

HMOP

16.09%

Sharpe Ratio

Winner

PFM

1.48

HMOP

0.25

5Y Beta

PFM

0.67

Winner

HMOP

0.03

P/E Ratio

PFM

25.06

HMOP

N/A

Forward P/E

PFM

20.62

HMOP

N/A

5Y Dividends CAGR

Winner

PFM

4.18%

HMOP

-6.56%

5Y EPS CAGR

PFM

14.33%

HMOP

N/A

P/S Ratio

PFM

2.66

HMOP

N/A

P/B Ratio

PFM

4.73

HMOP

N/A

PFM vs HMOP - Historical Returns

Returns include dividend reinvestment.

Period	PFM	HMOP
1 month	+2.61%	+0.37%
3 months	+5.09%	+0.30%
6 months	+8.15%	-1.23%
1 year	+18.46%	+4.45%
5 years(CAGR)	+10.81%	+1.12%
10 years(CAGR)	+11.81%	+2.57%
Max(CAGR)	+8.87%	+2.57%

Winner

PFM

+2.61%

HMOP

+0.37%

Winner

PFM

+5.09%

HMOP

+0.30%

Winner

PFM

+8.15%

HMOP

-1.23%

Winner

PFM

+18.46%

HMOP

+4.45%

5Y(CAGR)

Winner

PFM

+10.81%

HMOP

+1.12%

10Y(CAGR)

Winner

PFM

+11.81%

HMOP

+2.57%

Max(CAGR)

Winner

PFM

+8.87%

HMOP

+2.57%

PFM vs HMOP - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	PFM	HMOP
2026	+12.43%	+0.78%
2025	+14.36%	+4.78%
2024	+16.93%	+2.62%
2023	+11.52%	+6.62%
2022	-6.07%	-8.27%
2021	+24.81%	+1.96%
2020	+9.32%	+5.35%
2019	+27.28%	+7.75%
2018	-4.59%	+1.57%
2017	+17.03%	+0.05%
2016	+15.96%	N/A
2015	-3.12%	N/A
2014	+12.13%	N/A
2013	+22.82%	N/A
2012	+9.73%	N/A
2011	+8.29%	N/A
2010	+13.16%	N/A
2009	+7.39%	N/A
2008	-28.22%	N/A
2007	-0.21%	N/A
2006	+14.35%	N/A
2005	+1.93%	N/A

PFM vs HMOP Drawdown Comparison

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

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

The current PFM drawdown is -0.65%. The current HMOP drawdown is -1.46%.

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

Correlation

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

0.86

-101

Dividend Comparison (2005 - 2026)

PFM vs HMOP dividend yield comparison.

Year	PFM	HMOP
2026	0.67%	2.04%
2025	1.41%	3.39%
2024	1.58%	3.22%
2023	1.86%	2.92%
2022	1.95%	2.12%
2021	1.69%	1.67%
2020	1.92%	5.26%
2019	1.94%	2.87%
2018	2.27%	2.27%
2017	1.70%	0.00%
2016	2.56%	0.00%
2015	2.36%	0.00%
2014	1.93%	0.00%
2013	1.88%	0.00%
2012	2.36%	0.00%
2011	2.17%	0.00%
2010	1.99%	0.00%
2009	1.55%	0.00%
2008	3.12%	0.00%
2007	1.97%	0.00%
2006	1.84%	0.00%
2005	0.58%	0.00%