DFAE vs. ROAM

Last updated Jun 5, 2026

DFAE (Dimensional Emerging Core Equity Market ETF) and ROAM (Hartford Multifactor Emerging Markets ETF) are both Emerging Markets Equities funds. DFAE is actively managed, while ROAM is passively managed. Over the past 5 years, DFAE returned 8.77%/yr vs 12.18%/yr for ROAM. Their correlation of 0.94 suggests significant overlap in exposure. DFAE charges 0.35%/yr vs 0.44%/yr for ROAM.

Performance

DFAE vs. ROAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Core Equity Market ETF (DFAE) and Hartford Multifactor Emerging Markets ETF (ROAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DFAE having a 25.28% return and ROAM slightly higher at 26.11%.

DFAE

• 1D: -0.83%
• 1M: 4.78%
• YTD: 25.28%
• 6M: 27.97%
• 1Y: 49.72%
• 3Y*: 23.46%
• 5Y*: 8.77%
• 10Y*: —

ROAM

• 1D: -0.57%
• 1M: 5.70%
• YTD: 26.11%
• 6M: 27.84%
• 1Y: 49.52%
• 3Y*: 25.71%
• 5Y*: 12.18%
• 10Y*: 9.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFAE vs. ROAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DFAE Dimensional Emerging Core Equity Market ETF	25.28%	31.48%	7.68%	12.63%	-17.52%	3.53%	4.85%
ROAM Hartford Multifactor Emerging Markets ETF	26.11%	32.08%	6.21%	21.28%	-14.78%	9.32%	5.26%

Correlation

The correlation between DFAE and ROAM is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020	0.94

The correlation between DFAE and ROAM has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

DFAE vs. ROAM - Sectors Allocation Comparison

Sectors	DFAE	ROAM
Technology	34.8%	39.4%
Financial Services	17.1%	19.3%
Industrials	10.2%	5.6%
Consumer Cyclical	9.1%	7.6%
Basic Materials	7.7%	4.1%
Communication Services	6.1%	6.0%
Energy	4.2%	5.3%
Healthcare	3.5%	3.3%
Consumer Defensive	3.3%	4.8%
Utilities	2.4%	2.3%
Real Estate	1.5%	1.3%

Return for Risk

DFAE vs. ROAM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFAE

DFAE Risk / Return Rank: 79
DFAE Sharpe Ratio Rank: 82
DFAE Sortino Ratio Rank: 78
DFAE Omega Ratio Rank: 81
DFAE Calmar Ratio Rank: 78
DFAE Martin Ratio Rank: 79

ROAM

ROAM Risk / Return Rank: 90
ROAM Sharpe Ratio Rank: 93
ROAM Sortino Ratio Rank: 91
ROAM Omega Ratio Rank: 92
ROAM Calmar Ratio Rank: 88
ROAM Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFAE vs. ROAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Core Equity Market ETF (DFAE) and Hartford Multifactor Emerging Markets ETF (ROAM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DFAE	ROAM	Difference
Sharpe ratio: Return per unit of total volatility	2.63	3.33	-0.70
Sortino ratio: Return per unit of downside risk	3.43	4.31	-0.87
Omega ratio: Gain probability vs. loss probability	1.48	1.60	-0.12
Calmar ratio: Return relative to maximum drawdown	3.90	5.02	-1.12
Martin ratio: Return relative to average drawdown	15.10	18.95	-3.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DFAE vs. ROAM - Sharpe Ratio Comparison

The current DFAE Sharpe Ratio is 2.63, which is comparable to the ROAM Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of DFAE and ROAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DFAE	ROAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	3.33	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.80	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.38	+0.25

Drawdowns

DFAE vs. ROAM - Drawdown Comparison

The maximum DFAE drawdown since its inception was -32.21%, smaller than the maximum ROAM drawdown of -45.47%. Use the drawdown chart below to compare losses from any high point for DFAE and ROAM.

Drawdown Indicators

	DFAE	ROAM	Difference
Max Drawdown Largest peak-to-trough decline	-32.21%	-45.47%	+13.26%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-9.92%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.12%	-16.79%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-32.19%	-27.07%	-5.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.47%	—
Current Drawdown Current decline from peak	-2.07%	-2.16%	+0.09%
Average Drawdown Average peak-to-trough decline	-10.31%	-11.13%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.62%	+0.68%

Volatility

DFAE vs. ROAM - Volatility Comparison

Dimensional Emerging Core Equity Market ETF (DFAE) has a higher volatility of 8.00% compared to Hartford Multifactor Emerging Markets ETF (ROAM) at 6.19%. This indicates that DFAE's price experiences larger fluctuations and is considered to be riskier than ROAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DFAE	ROAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	6.19%	+1.81%
Volatility (6M) Calculated over the trailing 6-month period	16.56%	12.78%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	14.95%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	15.23%	+2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	17.87%	-0.03%

DFAE vs. ROAM - Expense Ratio Comparison

DFAE has a 0.35% expense ratio, which is lower than ROAM's 0.44% expense ratio.

Dividends

DFAE vs. ROAM - Dividend Comparison

DFAE's dividend yield for the trailing twelve months is around 1.75%, less than ROAM's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFAE Dimensional Emerging Core Equity Market ETF	1.75%	2.20%	2.35%	2.43%	2.85%	1.63%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
ROAM Hartford Multifactor Emerging Markets ETF	2.51%	3.17%	4.15%	5.40%	5.23%	4.22%	3.04%	3.55%	2.54%	1.84%	1.89%	2.25%

Frequently Asked Questions

Can I hold both DFAE and ROAM in my portfolio?

With a correlation of 0.90, DFAE and ROAM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DFAE or ROAM?

DFAE has higher volatility (8.00%) compared to ROAM (6.19%). In terms of maximum drawdown, DFAE dropped -32.21% vs ROAM's -45.47%.

Which ETF is better, DFAE or ROAM?

On 5-year performance, ROAM leads with 12.18% vs 8.77% for DFAE. On fees, DFAE is cheaper at 0.35% per year. On volatility, ROAM has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFAE or ROAM?

Over the 5-year period, ROAM has performed better with a 12.18% return vs 8.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFAE or ROAM?

DFAE is cheaper with a 0.35% expense ratio, compared with 0.44% for ROAM.

Which ETF pays a higher dividend yield, DFAE or ROAM?

ROAM has the higher dividend yield at 2.51%, compared with 1.75% for DFAE.

What is the main difference between DFAE and ROAM?

They also come from different issuers: Dimensional and Hartford. Their fees differ too: 0.35% for DFAE and 0.44% for ROAM.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (3.33 vs 2.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.