IVAL vs. RODM

Last updated Jul 17, 2026

IVAL (Alpha Architect International Quantitative Value ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both Foreign Large Cap Equities funds. IVAL is actively managed, while RODM is passively managed. Over the past 10 years, IVAL returned 8.02%/yr vs 9.02%/yr for RODM. A 0.78 correlation means they provide meaningful diversification when combined. IVAL charges 0.39%/yr vs 0.29%/yr for RODM.

Performance

IVAL vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect International Quantitative Value ETF (IVAL) 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 stocks are quite close, with IVAL having a 12.82% return and RODM slightly lower at 12.67%. Over the past 10 years, IVAL has underperformed RODM with an annualized return of 8.02%, while RODM has yielded a comparatively higher 9.02% annualized return.

IVAL

• 1D: -0.54%
• 1M: -1.20%
• 6M: 9.49%
• YTD: 12.82%
• 1Y: 31.03%
• 3Y*: 17.47%
• 5Y*: 9.12%
• 10Y*: 8.02%

RODM

• 1D: -0.61%
• 1M: 0.80%
• 6M: 10.59%
• YTD: 12.67%
• 1Y: 24.61%
• 3Y*: 19.39%
• 5Y*: 10.22%
• 10Y*: 9.02%

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

IVAL vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVAL Alpha Architect International Quantitative Value ETF	12.82%	34.92%	-0.71%	20.61%	-10.06%	-0.22%	-4.94%	21.26%	-22.50%	31.03%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	12.67%	34.42%	8.02%	15.76%	-14.54%	11.11%	-0.62%	17.15%	-9.97%	25.14%

Correlation

The correlation between IVAL and RODM is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.78

The correlation between IVAL and RODM has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

IVAL vs. RODM - Sectors Allocation Comparison

Sectors	IVAL	RODM
Industrials	28.1%	16.2%
Consumer Cyclical	26.3%	7.1%
Basic Materials	12.0%	5.4%
Energy	9.9%	5.3%
Consumer Defensive	7.9%	7.8%
Communication Services	7.8%	5.2%
Healthcare	4.2%	10.8%
Technology	4.0%	6.8%
Financial Services	-	26.7%
Real Estate	-	3.4%
Utilities	-	4.5%

Return for Risk

IVAL vs. RODM — Risk / Return Rank

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

IVAL

IVAL Risk / Return Rank: 74
IVAL Sharpe Ratio Rank: 79
IVAL Sortino Ratio Rank: 79
IVAL Omega Ratio Rank: 76
IVAL Calmar Ratio Rank: 69
IVAL Martin Ratio Rank: 64

RODM

RODM Risk / Return Rank: 86
RODM Sharpe Ratio Rank: 88
RODM Sortino Ratio Rank: 88
RODM Omega Ratio Rank: 86
RODM Calmar Ratio Rank: 82
RODM Martin Ratio Rank: 85

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.

IVAL vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Value ETF (IVAL) 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.

	IVAL	RODM	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.28	-0.29
Sortino ratio: Return per unit of downside risk	2.84	3.25	-0.41
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.77	3.48	-0.71
Martin ratio: Return relative to average drawdown	9.02	13.67	-4.66

IVAL vs. RODM - Sharpe Ratio Comparison

The current IVAL Sharpe Ratio is 1.99, which is comparable to the RODM Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of IVAL 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

IVAL vs. RODM - Drawdown Comparison

The maximum IVAL drawdown since its inception was -46.09%, which is greater than RODM's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for IVAL and RODM.

Drawdown Indicators

	IVAL	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-46.09%	-35.98%	-10.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	-7.10%	-4.14%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-10.58%	-4.34%
Max Drawdown (5Y) Largest decline over 5 years	-28.73%	-28.85%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	-35.98%	-10.11%
Current Drawdown Current decline from peak	-3.34%	-0.61%	-2.73%
Average Drawdown Average peak-to-trough decline	-11.92%	-6.33%	-5.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	1.80%	+1.65%

Volatility

IVAL vs. RODM - Volatility Comparison

Alpha Architect International Quantitative Value ETF (IVAL) has a higher volatility of 4.33% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 2.72%. This indicates that IVAL'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

	IVAL	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	2.72%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	8.93%	+3.84%
Volatility (1Y) Calculated over the trailing 1-year period	15.66%	10.90%	+4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	13.46%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	14.97%	+3.62%

IVAL vs. RODM - Expense Ratio Comparison

IVAL has a 0.39% expense ratio, which is higher than RODM's 0.29% expense ratio.

Dividends

IVAL vs. RODM - Dividend Comparison

IVAL's dividend yield for the trailing twelve months is around 2.70%, less than RODM's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVAL Alpha Architect International Quantitative Value ETF	2.70%	2.75%	3.60%	5.15%	8.00%	3.95%	2.07%	2.51%	2.93%	1.73%	2.02%	1.86%
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 IVAL and RODM in my portfolio?

IVAL and RODM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVAL or RODM?

IVAL has higher volatility (4.33%) compared to RODM (2.72%). In terms of maximum drawdown, IVAL dropped -46.09% vs RODM's -35.98%.

Which ETF is better, IVAL or RODM?

On 10-year performance, RODM leads with 9.02% vs 8.02% for IVAL. On fees, RODM is cheaper at 0.29% per year. On volatility, RODM has been the lower-risk option at 2.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVAL or RODM?

Over the 10-year period, RODM has performed better with a 9.02% return vs 8.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVAL or RODM?

RODM is cheaper with a 0.29% expense ratio, compared with 0.39% for IVAL.

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

RODM has the higher dividend yield at 2.83%, compared with 2.70% for IVAL.

What is the main difference between IVAL and RODM?

They also come from different issuers: Alpha Architect and Hartford. Their fees differ too: 0.39% for IVAL and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.28 vs 1.99), 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.