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FDM vs. ROSC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDM vs. ROSC

Last updated Jun 24, 2026

FDM (First Trust Dow Jones Select MicroCap Index Fund) and ROSC (Hartford Multifactor Small Cap ETF) are both Small Cap Blend Equities funds - FDM tracks the Dow Jones Select Microcap Index while ROSC tracks the ROSC-US - Hartford Multifactor Small Cap Index. Both are passively managed. Over the past 10 years, FDM returned 12.29%/yr vs 11.36%/yr for ROSC. Their correlation of 0.82 suggests significant overlap in exposure. FDM charges 0.60%/yr vs 0.34%/yr for ROSC.

Performance

FDM vs. ROSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Select MicroCap Index Fund (FDM) and Hartford Multifactor Small Cap ETF (ROSC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDM achieves a 13.86% return, which is significantly lower than ROSC's 16.64% return. Over the past 10 years, FDM has outperformed ROSC with an annualized return of 12.29%, while ROSC has yielded a comparatively lower 11.36% annualized return.

FDM

1D
0.76%
1M
4.64%
YTD
13.86%
6M
12.43%
1Y
30.56%
3Y*
19.96%
5Y*
9.37%
10Y*
12.29%

ROSC

1D
0.51%
1M
3.56%
YTD
16.64%
6M
14.85%
1Y
34.90%
3Y*
17.42%
5Y*
8.95%
10Y*
11.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FDM vs. ROSC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDM
First Trust Dow Jones Select MicroCap Index Fund		13.86%18.64%13.00%12.76%-11.61%35.08%-4.04%27.45%-13.53%8.72%
ROSC
Hartford Multifactor Small Cap ETF		16.64%10.18%7.28%18.88%-10.58%31.37%5.27%17.09%-12.38%24.49%

Correlation

The correlation between FDM and ROSC 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 (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Mar 24, 2015

0.82

The correlation between FDM and ROSC shifts across timeframes, from 0.82 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.

FDM vs. ROSC - Sectors Allocation Comparison

Sectors
FDM
ROSC

Financial Services

42.2%
18.4%

Industrials

14.9%
11.0%

Consumer Cyclical

10.4%
14.6%

Technology

6.8%
13.0%

Healthcare

6.2%
20.0%

Energy

4.6%
3.2%

Basic Materials

4.5%
2.6%

Consumer Defensive

4.5%
6.4%

Communication Services

3.3%
3.5%

Real Estate

1.4%
5.6%

Utilities

1.0%
1.9%

Financial Services

FDM
42.2%
ROSC
18.4%

Industrials

FDM
14.9%
ROSC
11.0%

Consumer Cyclical

FDM
10.4%
ROSC
14.6%

Technology

FDM
6.8%
ROSC
13.0%

Healthcare

FDM
6.2%
ROSC
20.0%

Energy

FDM
4.6%
ROSC
3.2%

Basic Materials

FDM
4.5%
ROSC
2.6%

Consumer Defensive

FDM
4.5%
ROSC
6.4%

Communication Services

FDM
3.3%
ROSC
3.5%

Real Estate

FDM
1.4%
ROSC
5.6%

Utilities

FDM
1.0%
ROSC
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Dow Jones Select MicroCap Index Fund

Hartford Multifactor Small Cap ETF

Often compared with FDM:
FDM vs. IWCFDM vs. PVIVXFDM vs. DFSCXFDM vs. JMCRXFDM vs. VBFDM vs. SPYFDM vs. SCHD
Often compared with ROSC:
ROSC vs. JEPIROSC vs. SPMOROSC vs. AVUVROSC vs. SQLVROSC vs. VBRROSC vs. SMLVROSC vs. CALF

Return for Risk

FDM vs. ROSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDM
FDM Risk / Return Rank: 5555
Overall Rank
FDM Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
FDM Sortino Ratio Rank: 5252
Sortino Ratio Rank
FDM Omega Ratio Rank: 4747
Omega Ratio Rank
FDM Calmar Ratio Rank: 7070
Calmar Ratio Rank
FDM Martin Ratio Rank: 5959
Martin Ratio Rank
ROSC
ROSC Risk / Return Rank: 7979
Overall Rank
ROSC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
ROSC Sortino Ratio Rank: 8181
Sortino Ratio Rank
ROSC Omega Ratio Rank: 7373
Omega Ratio Rank
ROSC Calmar Ratio Rank: 8686
Calmar Ratio Rank
ROSC Martin Ratio Rank: 8080
Martin Ratio Rank
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.

FDM vs. ROSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Select MicroCap Index Fund (FDM) and Hartford Multifactor Small Cap ETF (ROSC). 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.

FDMROSCDifference
Sharpe ratioReturn per unit of total volatility
1.63
2.27

-0.63

Sortino ratioReturn per unit of downside risk
2.38
3.30

-0.91

Omega ratioGain probability vs. loss probability

1.28

1.40

-0.11

Calmar ratioReturn relative to maximum drawdown

3.30

4.52

-1.22

Martin ratioReturn relative to average drawdown

9.96

14.75

-4.79

FDM vs. ROSC - Sharpe Ratio Comparison

The current FDM Sharpe Ratio is 1.63, which is comparable to the ROSC Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of FDM and ROSC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDM vs. ROSC - Drawdown Comparison

The maximum FDM drawdown since its inception was -63.45%, which is greater than ROSC's maximum drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for FDM and ROSC.

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Drawdown Indicators

FDMROSCDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-43.13%

-20.32%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-7.75%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-23.47%

-23.74%

+0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-23.74%

-23.74%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-47.76%

-43.13%

-4.63%

Current Drawdown

Current decline from peak

0.00%

-0.33%

+0.33%

Average Drawdown

Average peak-to-trough decline

-11.32%

-7.18%

-4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

2.37%

+0.71%

Volatility

FDM vs. ROSC - Volatility Comparison

First Trust Dow Jones Select MicroCap Index Fund (FDM) has a higher volatility of 4.79% compared to Hartford Multifactor Small Cap ETF (ROSC) at 3.54%. This indicates that FDM's price experiences larger fluctuations and is considered to be riskier than ROSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDMROSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

3.54%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

13.23%

10.40%

+2.83%

Volatility (1Y)

Calculated over the trailing 1-year period

18.84%

15.53%

+3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.40%

19.29%

+2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.36%

20.24%

+3.12%

FDM vs. ROSC - Expense Ratio Comparison

FDM has a 0.60% expense ratio, which is higher than ROSC's 0.34% expense ratio.

Dividends

FDM vs. ROSC - Dividend Comparison

FDM's dividend yield for the trailing twelve months is around 1.21%, less than ROSC's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
FDM
First Trust Dow Jones Select MicroCap Index Fund		1.21%1.43%1.56%1.81%1.80%1.08%1.68%1.37%1.26%0.97%1.13%1.45%
ROSC
Hartford Multifactor Small Cap ETF		1.79%2.08%2.00%2.01%1.51%2.13%1.75%3.05%2.86%2.13%2.20%2.48%

Frequently Asked Questions

FDM and ROSC have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDM has higher volatility (4.79%) compared to ROSC (3.54%). In terms of maximum drawdown, FDM dropped -63.45% vs ROSC's -43.13%.

On 10-year performance, FDM leads with 12.29% vs 11.36% for ROSC. On fees, ROSC is cheaper at 0.34% per year. On volatility, ROSC has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FDM has performed better with a 12.29% return vs 11.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ROSC is cheaper with a 0.34% expense ratio, compared with 0.60% for FDM.

ROSC has the higher dividend yield at 1.79%, compared with 1.21% for FDM.

FDM tracks Dow Jones Select Microcap Index, while ROSC tracks ROSC-US - Hartford Multifactor Small Cap Index. They also come from different issuers: First Trust and Hartford. Their fees differ too: 0.60% for FDM and 0.34% for ROSC.

ROSC currently has the higher Sharpe Ratio (2.27 vs 1.63), 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.

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