FEDM vs. RODM

Last updated Jun 24, 2026

FEDM (FlexShares ESG & Climate Developed Markets ex-US Core Index Fund) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds - FEDM tracks the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net while RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. Both are passively managed. Over the past 3 years, FEDM returned 14.16%/yr vs 20.17%/yr for RODM. Their correlation of 0.92 suggests significant overlap in exposure. FEDM charges 0.12%/yr vs 0.29%/yr for RODM.

Performance

FEDM vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEDM achieves a 5.75% return, which is significantly lower than RODM's 10.16% return.

FEDM

• 1D: -1.34%
• 1M: 0.07%
• YTD: 5.75%
• 6M: 5.44%
• 1Y: 17.29%
• 3Y*: 14.16%
• 5Y*: —
• 10Y*: —

RODM

• 1D: -0.71%
• 1M: -1.81%
• YTD: 10.16%
• 6M: 9.75%
• 1Y: 24.04%
• 3Y*: 20.17%
• 5Y*: 9.67%
• 10Y*: 9.31%

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

FEDM vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund	5.75%	26.85%	2.85%	17.39%	-15.25%	1.50%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	10.16%	34.42%	8.02%	15.76%	-14.54%	0.76%

Correlation

The correlation between FEDM and RODM is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021	0.92

The correlation between FEDM and RODM shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

FEDM vs. RODM - Sectors Allocation Comparison

Sectors	FEDM	RODM
Financial Services	27.0%	26.6%
Industrials	17.3%	16.7%
Technology	11.9%	10.5%
Healthcare	9.8%	9.0%
Consumer Defensive	6.9%	4.0%
Basic Materials	6.0%	6.4%
Consumer Cyclical	5.8%	6.0%
Energy	5.4%	6.3%
Communication Services	5.0%	5.5%
Utilities	3.3%	4.8%
Real Estate	1.7%	3.5%

Return for Risk

FEDM vs. RODM — Risk / Return Rank

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

FEDM

FEDM Risk / Return Rank: 32
FEDM Sharpe Ratio Rank: 31
FEDM Sortino Ratio Rank: 31
FEDM Omega Ratio Rank: 30
FEDM Calmar Ratio Rank: 31
FEDM Martin Ratio Rank: 36

RODM

RODM Risk / Return Rank: 74
RODM Sharpe Ratio Rank: 74
RODM Sortino Ratio Rank: 75
RODM Omega Ratio Rank: 73
RODM Calmar Ratio Rank: 72
RODM Martin Ratio Rank: 76

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.

FEDM vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) 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.

	FEDM	RODM	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.21	-1.16
Sortino ratio: Return per unit of downside risk	1.59	3.12	-1.53
Omega ratio: Gain probability vs. loss probability	1.20	1.40	-0.21
Calmar ratio: Return relative to maximum drawdown	1.46	3.40	-1.94
Martin ratio: Return relative to average drawdown	5.22	13.45	-8.23

FEDM vs. RODM - Sharpe Ratio Comparison

The current FEDM Sharpe Ratio is 1.05, which is lower than the RODM Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FEDM 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

FEDM vs. RODM - Drawdown Comparison

The maximum FEDM drawdown since its inception was -29.37%, smaller than the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for FEDM and RODM.

Drawdown Indicators

	FEDM	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-29.37%	-35.98%	+6.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-7.10%	-4.82%
Max Drawdown (3Y) Largest decline over 3 years	-14.24%	-10.58%	-3.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.98%	—
Current Drawdown Current decline from peak	-2.27%	-2.16%	-0.11%
Average Drawdown Average peak-to-trough decline	-6.93%	-6.36%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	1.79%	+1.53%

Volatility

FEDM vs. RODM - Volatility Comparison

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 4.60% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.21%. This indicates that FEDM'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

	FEDM	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	3.21%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	8.77%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	10.95%	+5.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	13.45%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	15.08%	+1.40%

FEDM vs. RODM - Expense Ratio Comparison

FEDM has a 0.12% expense ratio, which is lower than RODM's 0.29% expense ratio.

Dividends

FEDM vs. RODM - Dividend Comparison

FEDM's dividend yield for the trailing twelve months is around 3.02%, more than RODM's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund	3.02%	2.97%	2.94%	2.61%	2.53%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	2.82%	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 FEDM and RODM in my portfolio?

FEDM and RODM have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEDM or RODM?

FEDM has higher volatility (4.60%) compared to RODM (3.21%). In terms of maximum drawdown, FEDM dropped -29.37% vs RODM's -35.98%.

Which ETF is better, FEDM or RODM?

On 3-year performance, RODM leads with 20.17% vs 14.16% for FEDM. On fees, FEDM is cheaper at 0.12% per year. On volatility, RODM has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FEDM or RODM?

Over the 3-year period, RODM has performed better with a 20.17% return vs 14.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FEDM or RODM?

FEDM is cheaper with a 0.12% expense ratio, compared with 0.29% for RODM.

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

FEDM has the higher dividend yield at 3.02%, compared with 2.82% for RODM.

What is the main difference between FEDM and RODM?

FEDM tracks Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net, while RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. They also come from different issuers: FlexShares and Hartford. Their fees differ too: 0.12% for FEDM and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.21 vs 1.05), 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.