FENI vs. RODM

Last updated Jun 24, 2026

FENI (Fidelity Enhanced International ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds. FENI is actively managed, while RODM is passively managed. Over the past year, FENI returned 26.92% vs 24.04% for RODM. Their correlation of 0.90 suggests significant overlap in exposure. FENI charges 0.28%/yr vs 0.29%/yr for RODM.

Performance

FENI vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced International ETF (FENI) 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 FENI having a 10.12% return and RODM slightly higher at 10.16%.

FENI

• 1D: -2.12%
• 1M: 0.07%
• YTD: 10.12%
• 6M: 9.52%
• 1Y: 26.92%
• 3Y*: —
• 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)

FENI vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FENI Fidelity Enhanced International ETF	10.12%	37.27%	6.95%	5.75%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	10.16%	34.42%	8.02%	6.77%

Correlation

The correlation between FENI and RODM is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.90

The correlation between FENI and RODM has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.

FENI vs. RODM - Sectors Allocation Comparison

Sectors	FENI	RODM
Financial Services	24.2%	26.6%
Industrials	22.4%	16.7%
Technology	13.5%	10.5%
Healthcare	8.3%	9.0%
Consumer Cyclical	7.4%	6.0%
Consumer Defensive	6.4%	4.0%
Basic Materials	4.5%	6.4%
Energy	4.5%	6.3%
Utilities	3.8%	4.8%
Communication Services	3.7%	5.5%
Real Estate	1.4%	3.5%

Return for Risk

FENI vs. RODM — Risk / Return Rank

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

FENI

FENI Risk / Return Rank: 51
FENI Sharpe Ratio Rank: 50
FENI Sortino Ratio Rank: 50
FENI Omega Ratio Rank: 50
FENI Calmar Ratio Rank: 49
FENI Martin Ratio Rank: 53

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.

FENI vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced International ETF (FENI) 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.

	FENI	RODM	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.21	-0.53
Sortino ratio: Return per unit of downside risk	2.37	3.12	-0.75
Omega ratio: Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio: Return relative to maximum drawdown	2.35	3.40	-1.05
Martin ratio: Return relative to average drawdown	8.91	13.45	-4.55

FENI vs. RODM - Sharpe Ratio Comparison

The current FENI Sharpe Ratio is 1.67, which is comparable to the RODM Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FENI 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

FENI vs. RODM - Drawdown Comparison

The maximum FENI drawdown since its inception was -14.20%, smaller than the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for FENI and RODM.

Drawdown Indicators

	FENI	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-14.20%	-35.98%	+21.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-7.10%	-4.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.58%	—
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	-2.12%	-2.16%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.27%	-6.36%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.79%	+1.24%

Volatility

FENI vs. RODM - Volatility Comparison

Fidelity Enhanced International ETF (FENI) has a higher volatility of 5.65% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.21%. This indicates that FENI'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

	FENI	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	3.21%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	8.77%	+5.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	10.95%	+5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	13.45%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	15.08%	+0.71%

FENI vs. RODM - Expense Ratio Comparison

FENI has a 0.28% expense ratio, which is lower than RODM's 0.29% expense ratio.

Dividends

FENI vs. RODM - Dividend Comparison

FENI's dividend yield for the trailing twelve months is around 2.97%, more than RODM's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FENI Fidelity Enhanced International ETF	2.97%	2.99%	3.02%	0.00%	0.00%	0.00%	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 FENI and RODM in my portfolio?

FENI and RODM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FENI or RODM?

FENI has higher volatility (5.65%) compared to RODM (3.21%). In terms of maximum drawdown, FENI dropped -14.20% vs RODM's -35.98%.

Which ETF is better, FENI or RODM?

On 1-year performance, FENI leads with 26.92% vs 24.04% for RODM. On fees, FENI is cheaper at 0.28% 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, FENI or RODM?

Over the 1-year period, FENI has performed better with a 26.92% return vs 24.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FENI or RODM?

FENI is cheaper with a 0.28% expense ratio, compared with 0.29% for RODM.

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

FENI has the higher dividend yield at 2.97%, compared with 2.82% for RODM.

What is the main difference between FENI and RODM?

They also come from different issuers: Fidelity and Hartford. Their fees differ too: 0.28% for FENI and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.21 vs 1.67), 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.