IQDF vs. RODM

Last updated Jun 25, 2026

IQDF (FlexShares International Quality Dividend Index Fund) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds - IQDF tracks the Northern Trust International Quality Dividend Index while RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. Both are passively managed. Over the past 10 years, IQDF returned 10.06%/yr vs 9.29%/yr for RODM. Their correlation of 0.84 suggests significant overlap in exposure. IQDF charges 0.47%/yr vs 0.29%/yr for RODM.

Performance

IQDF vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares International Quality Dividend Index Fund (IQDF) 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, IQDF achieves a 13.68% return, which is significantly higher than RODM's 9.95% return. Over the past 10 years, IQDF has outperformed RODM with an annualized return of 10.06%, while RODM has yielded a comparatively lower 9.29% annualized return.

IQDF

• 1D: -0.64%
• 1M: 0.13%
• YTD: 13.68%
• 6M: 13.23%
• 1Y: 31.34%
• 3Y*: 22.30%
• 5Y*: 10.35%
• 10Y*: 10.06%

RODM

• 1D: -0.18%
• 1M: -1.99%
• YTD: 9.95%
• 6M: 9.50%
• 1Y: 22.82%
• 3Y*: 20.09%
• 5Y*: 9.54%
• 10Y*: 9.29%

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

IQDF vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQDF FlexShares International Quality Dividend Index Fund	13.68%	35.42%	6.62%	20.10%	-14.69%	10.18%	3.54%	20.96%	-17.39%	23.87%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	9.95%	34.42%	8.02%	15.76%	-14.54%	11.11%	-0.62%	17.15%	-9.97%	25.14%

Correlation

The correlation between IQDF and RODM is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.84

The correlation between IQDF and RODM has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

IQDF vs. RODM - Sectors Allocation Comparison

Sectors	IQDF	RODM
Financial Services	28.2%	26.6%
Technology	22.9%	10.5%
Industrials	11.8%	16.7%
Basic Materials	7.4%	6.4%
Consumer Cyclical	6.0%	6.0%
Consumer Defensive	4.9%	4.0%
Healthcare	4.8%	9.0%
Energy	4.2%	6.3%
Utilities	3.2%	4.8%
Communication Services	2.6%	5.5%
Real Estate	1.2%	3.5%

Return for Risk

IQDF vs. RODM — Risk / Return Rank

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

IQDF

IQDF Risk / Return Rank: 70
IQDF Sharpe Ratio Rank: 72
IQDF Sortino Ratio Rank: 67
IQDF Omega Ratio Rank: 69
IQDF Calmar Ratio Rank: 70
IQDF Martin Ratio Rank: 72

RODM

RODM Risk / Return Rank: 74
RODM Sharpe Ratio Rank: 75
RODM Sortino Ratio Rank: 76
RODM Omega Ratio Rank: 74
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.

IQDF vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares International Quality Dividend Index Fund (IQDF) 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.

	IQDF	RODM	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.10	-0.06
Sortino ratio: Return per unit of downside risk	2.73	2.98	-0.25
Omega ratio: Gain probability vs. loss probability	1.37	1.38	-0.02
Calmar ratio: Return relative to maximum drawdown	3.14	3.23	-0.09
Martin ratio: Return relative to average drawdown	11.93	12.73	-0.80

IQDF vs. RODM - Sharpe Ratio Comparison

The current IQDF Sharpe Ratio is 2.04, which is comparable to the RODM Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of IQDF 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

IQDF vs. RODM - Drawdown Comparison

The maximum IQDF drawdown since its inception was -39.83%, which is greater than RODM's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for IQDF and RODM.

Drawdown Indicators

	IQDF	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-39.83%	-35.98%	-3.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-7.10%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-13.92%	-10.58%	-3.34%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-28.85%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	-39.83%	-35.98%	-3.85%
Current Drawdown Current decline from peak	-3.30%	-2.34%	-0.96%
Average Drawdown Average peak-to-trough decline	-9.30%	-6.35%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.80%	+0.83%

Volatility

IQDF vs. RODM - Volatility Comparison

FlexShares International Quality Dividend Index Fund (IQDF) has a higher volatility of 6.69% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.21%. This indicates that IQDF'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

	IQDF	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	3.21%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	13.53%	8.76%	+4.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	10.94%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.70%	13.45%	+2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	15.07%	+1.44%

IQDF vs. RODM - Expense Ratio Comparison

IQDF has a 0.47% expense ratio, which is higher than RODM's 0.29% expense ratio.

Dividends

IQDF vs. RODM - Dividend Comparison

IQDF's dividend yield for the trailing twelve months is around 3.07%, more than RODM's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQDF FlexShares International Quality Dividend Index Fund	3.07%	3.27%	6.72%	6.06%	5.59%	4.13%	3.31%	4.46%	5.78%	3.89%	3.75%	4.27%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	2.83%	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 IQDF and RODM in my portfolio?

IQDF and RODM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQDF or RODM?

IQDF has higher volatility (6.69%) compared to RODM (3.21%). In terms of maximum drawdown, IQDF dropped -39.83% vs RODM's -35.98%.

Which ETF is better, IQDF or RODM?

On 10-year performance, IQDF leads with 10.06% vs 9.29% for RODM. On fees, RODM is cheaper at 0.29% 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, IQDF or RODM?

Over the 10-year period, IQDF has performed better with a 10.06% return vs 9.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDF or RODM?

RODM is cheaper with a 0.29% expense ratio, compared with 0.47% for IQDF.

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

IQDF has the higher dividend yield at 3.07%, compared with 2.83% for RODM.

What is the main difference between IQDF and RODM?

IQDF tracks Northern Trust International Quality Dividend Index, while RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. They also come from different issuers: Northern Trust and Hartford. Their fees differ too: 0.47% for IQDF and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.10 vs 2.04), 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.