IQDY vs. RODM

Last updated Jun 26, 2026

IQDY (FlexShares International Quality Dividend Dynamic Index Fund) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds - IQDY tracks the Northern Trust International Quality Dividend Dynamic Index while RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. Both are passively managed. Over the past 10 years, IQDY returned 12.21%/yr vs 9.81%/yr for RODM. Their correlation of 0.81 suggests significant overlap in exposure. IQDY charges 0.47%/yr vs 0.29%/yr for RODM.

Performance

IQDY vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares International Quality Dividend Dynamic Index Fund (IQDY) 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, IQDY achieves a 17.90% return, which is significantly higher than RODM's 10.75% return. Over the past 10 years, IQDY has outperformed RODM with an annualized return of 12.21%, while RODM has yielded a comparatively lower 9.81% annualized return.

IQDY

• 1D: 1.14%
• 1M: 0.62%
• YTD: 17.90%
• 6M: 17.74%
• 1Y: 38.52%
• 3Y*: 24.40%
• 5Y*: 11.82%
• 10Y*: 12.21%

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)

IQDY vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IQDY FlexShares International Quality Dividend Dynamic Index Fund	17.90%	37.44%	5.97%	23.45%	-15.78%	12.00%	9.54%	27.27%	-20.04%	24.06%
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 IQDY and RODM is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.81

The correlation between IQDY and RODM shifts across timeframes, from 0.78 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

IQDY vs. RODM - Sectors Allocation Comparison

Sectors	IQDY	RODM
Financial Services	25.5%	26.6%
Technology	21.3%	10.5%
Industrials	13.8%	16.7%
Consumer Cyclical	8.7%	6.0%
Basic Materials	7.9%	6.4%
Energy	6.6%	6.3%
Healthcare	5.3%	9.0%
Consumer Defensive	3.4%	4.0%
Communication Services	3.3%	5.5%
Utilities	3.0%	4.8%
Real Estate	1.2%	3.5%

Return for Risk

IQDY vs. RODM — Risk / Return Rank

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

IQDY

IQDY Risk / Return Rank: 80
IQDY Sharpe Ratio Rank: 82
IQDY Sortino Ratio Rank: 77
IQDY Omega Ratio Rank: 80
IQDY Calmar Ratio Rank: 81
IQDY Martin Ratio Rank: 82

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.

IQDY vs. RODM - Risk-Adjusted Trends Comparison

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

	IQDY	RODM	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.24	+0.04
Sortino ratio: Return per unit of downside risk	3.00	3.15	-0.16
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.72	3.44	+0.28
Martin ratio: Return relative to average drawdown	14.25	13.54	+0.71

IQDY vs. RODM - Sharpe Ratio Comparison

The current IQDY Sharpe Ratio is 2.27, which is comparable to the RODM Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of IQDY 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

IQDY vs. RODM - Drawdown Comparison

The maximum IQDY drawdown since its inception was -39.60%, which is greater than RODM's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for IQDY and RODM.

Drawdown Indicators

	IQDY	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-39.60%	-35.98%	-3.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-7.10%	-3.32%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	-10.58%	-4.18%
Max Drawdown (5Y) Largest decline over 5 years	-32.30%	-28.85%	-3.45%
Max Drawdown (10Y) Largest decline over 10 years	-39.60%	-35.98%	-3.62%
Current Drawdown Current decline from peak	-2.94%	-1.64%	-1.30%
Average Drawdown Average peak-to-trough decline	-9.07%	-6.35%	-2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	1.80%	+0.91%

Volatility

IQDY vs. RODM - Volatility Comparison

FlexShares International Quality Dividend Dynamic Index Fund (IQDY) has a higher volatility of 7.26% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.29%. This indicates that IQDY'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

	IQDY	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	3.29%	+3.97%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	8.78%	+6.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	10.93%	+6.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	13.45%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	15.07%	+3.16%

IQDY vs. RODM - Expense Ratio Comparison

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

Dividends

IQDY vs. RODM - Dividend Comparison

IQDY's dividend yield for the trailing twelve months is around 2.97%, more than RODM's 2.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IQDY FlexShares International Quality Dividend Dynamic Index Fund	2.97%	3.26%	6.95%	6.45%	5.52%	3.89%	2.62%	3.85%	5.97%	3.57%	3.77%	4.08%
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 IQDY and RODM in my portfolio?

IQDY and RODM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IQDY or RODM?

IQDY has higher volatility (7.26%) compared to RODM (3.29%). In terms of maximum drawdown, IQDY dropped -39.60% vs RODM's -35.98%.

Which ETF is better, IQDY or RODM?

On 10-year performance, IQDY leads with 12.21% 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, IQDY or RODM?

Over the 10-year period, IQDY has performed better with a 12.21% return vs 9.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IQDY or RODM?

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

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

IQDY has the higher dividend yield at 2.97%, compared with 2.88% for RODM.

What is the main difference between IQDY and RODM?

IQDY tracks Northern Trust International Quality Dividend Dynamic 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 IQDY and 0.29% for RODM.

Which has better risk-adjusted returns?

IQDY currently has the higher Sharpe Ratio (2.27 vs 2.24), 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.