DNL vs. RODM

Last updated Jun 26, 2026

DNL (WisdomTree Global ex-U.S. Quality Dividend Growth Fund) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds - DNL tracks the WisdomTree Global ex-U.S. Quality Dividend Growth Index while RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. Both are passively managed. Over the past 10 years, DNL returned 9.82%/yr vs 9.81%/yr for RODM. A 0.80 correlation means they provide meaningful diversification when combined. DNL charges 0.58%/yr vs 0.29%/yr for RODM.

Performance

DNL vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). 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 DNL having a 10.65% return and RODM slightly higher at 10.75%. Both investments have delivered pretty close results over the past 10 years, with DNL having a 9.82% annualized return and RODM not far behind at 9.81%.

DNL

• 1D: 0.97%
• 1M: 1.75%
• YTD: 10.65%
• 6M: 10.38%
• 1Y: 17.11%
• 3Y*: 10.81%
• 5Y*: 4.06%
• 10Y*: 9.82%

RODM

• 1D: 0.72%
• 1M: -1.64%
• YTD: 10.75%
• 6M: 10.29%
• 1Y: 24.32%
• 3Y*: 20.28%
• 5Y*: 9.70%
• 10Y*: 9.81%

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

DNL vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	10.65%	17.03%	-0.61%	17.00%	-22.38%	16.14%	18.22%	36.23%	-14.76%	31.11%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	10.75%	34.42%	8.02%	15.76%	-14.54%	11.11%	-0.62%	17.15%	-9.97%	25.14%

Correlation

The correlation between DNL and RODM is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.80

The correlation between DNL and RODM shifts across timeframes, from 0.73 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

DNL vs. RODM - Sectors Allocation Comparison

Sectors	DNL	RODM
Technology	35.1%	10.5%
Consumer Cyclical	18.3%	6.0%
Industrials	15.9%	16.7%
Healthcare	10.1%	9.0%
Communication Services	6.0%	5.5%
Energy	5.8%	6.3%
Financial Services	4.0%	26.6%
Basic Materials	3.2%	6.4%
Consumer Defensive	1.1%	4.0%
Utilities	0.5%	4.8%
Real Estate	-	3.5%

Return for Risk

DNL vs. RODM — Risk / Return Rank

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

DNL

DNL Risk / Return Rank: 29
DNL Sharpe Ratio Rank: 27
DNL Sortino Ratio Rank: 27
DNL Omega Ratio Rank: 26
DNL Calmar Ratio Rank: 30
DNL Martin Ratio Rank: 35

RODM

RODM Risk / Return Rank: 79
RODM Sharpe Ratio Rank: 81
RODM Sortino Ratio Rank: 82
RODM Omega Ratio Rank: 79
RODM Calmar Ratio Rank: 76
RODM Martin Ratio Rank: 80

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.

DNL vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DNL	RODM	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.24	-1.32
Sortino ratio: Return per unit of downside risk	1.39	3.15	-1.76
Omega ratio: Gain probability vs. loss probability	1.17	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.38	3.44	-2.05
Martin ratio: Return relative to average drawdown	4.92	13.54	-8.62

DNL vs. RODM - Sharpe Ratio Comparison

The current DNL Sharpe Ratio is 0.92, which is lower than the RODM Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DNL and RODM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DNL vs. RODM - Drawdown Comparison

The maximum DNL drawdown since its inception was -44.53%, which is greater than RODM's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for DNL and RODM.

Drawdown Indicators

	DNL	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-44.53%	-35.98%	-8.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-7.10%	-5.32%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-10.58%	-9.57%
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	-28.85%	-6.00%
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	-35.98%	+1.13%
Current Drawdown Current decline from peak	-2.29%	-1.64%	-0.65%
Average Drawdown Average peak-to-trough decline	-10.14%	-6.35%	-3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	1.80%	+1.69%

Volatility

DNL vs. RODM - Volatility Comparison

WisdomTree Global ex-U.S. Quality Dividend Growth Fund (DNL) has a higher volatility of 7.16% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.29%. This indicates that DNL's price experiences larger fluctuations and is considered to be riskier than RODM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DNL	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	3.29%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	8.78%	+7.38%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	10.93%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.42%	13.45%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.60%	15.07%	+3.53%

DNL vs. RODM - Expense Ratio Comparison

DNL has a 0.58% expense ratio, which is higher than RODM's 0.29% expense ratio.

Dividends

DNL vs. RODM - Dividend Comparison

DNL's dividend yield for the trailing twelve months is around 1.31%, less than RODM's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNL WisdomTree Global ex-U.S. Quality Dividend Growth Fund	1.31%	2.06%	2.30%	1.81%	4.82%	1.38%	1.76%	1.93%	2.55%	1.86%	2.51%	1.98%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	2.88%	3.11%	4.09%	4.42%	3.81%	4.41%	2.82%	2.82%	2.03%	2.24%	3.19%	2.60%

Frequently Asked Questions

Can I hold both DNL and RODM in my portfolio?

DNL and RODM have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DNL or RODM?

DNL has higher volatility (7.16%) compared to RODM (3.29%). In terms of maximum drawdown, DNL dropped -44.53% vs RODM's -35.98%.

Which ETF is better, DNL or RODM?

On 10-year performance, DNL leads with 9.82% vs 9.81% for RODM. On fees, RODM is cheaper at 0.29% per year. On volatility, RODM has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DNL or RODM?

Over the 10-year period, DNL has performed better with a 9.82% return vs 9.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DNL or RODM?

RODM is cheaper with a 0.29% expense ratio, compared with 0.58% for DNL.

Which ETF pays a higher dividend yield, DNL or RODM?

RODM has the higher dividend yield at 2.88%, compared with 1.31% for DNL.

What is the main difference between DNL and RODM?

DNL tracks WisdomTree Global ex-U.S. Quality Dividend Growth Index, while RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. They also come from different issuers: WisdomTree and Hartford. Their fees differ too: 0.58% for DNL and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.24 vs 0.92), 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.