ROAM vs. DEM

Last updated Jun 4, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and DEM (WisdomTree Emerging Markets Equity Income Fund) are both Emerging Markets Equities funds - ROAM tracks the Hartford Multifactor Emerging Markets Equity Index while DEM tracks the WisdomTree Emerging Markets Equity income Index. Both are passively managed. Over the past 10 years, ROAM returned 9.87%/yr vs 10.45%/yr for DEM. Their correlation of 0.85 suggests significant overlap in exposure. ROAM charges 0.44%/yr vs 0.63%/yr for DEM.

Performance

ROAM vs. DEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) and WisdomTree Emerging Markets Equity Income Fund (DEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROAM achieves a 26.83% return, which is significantly higher than DEM's 19.97% return. Over the past 10 years, ROAM has underperformed DEM with an annualized return of 9.87%, while DEM has yielded a comparatively higher 10.45% annualized return.

ROAM

• 1D: -1.60%
• 1M: 8.68%
• YTD: 26.83%
• 6M: 28.99%
• 1Y: 51.96%
• 3Y*: 26.00%
• 5Y*: 12.31%
• 10Y*: 9.87%

DEM

• 1D: -1.19%
• 1M: 6.63%
• YTD: 19.97%
• 6M: 20.75%
• 1Y: 32.23%
• 3Y*: 19.32%
• 5Y*: 9.57%
• 10Y*: 10.45%

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

ROAM vs. DEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROAM Hartford Multifactor Emerging Markets ETF	26.83%	32.08%	6.21%	21.28%	-14.78%	9.32%	2.24%	8.89%	-12.24%	27.69%
DEM WisdomTree Emerging Markets Equity Income Fund	19.97%	21.29%	4.46%	20.93%	-10.43%	11.49%	-5.84%	19.84%	-7.69%	26.26%

Correlation

The correlation between ROAM and DEM is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 27, 2015	0.85

The correlation between ROAM and DEM has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

ROAM vs. DEM - Sectors Allocation Comparison

Sectors	ROAM	DEM
Technology	39.4%	17.4%
Financial Services	19.3%	21.9%
Consumer Cyclical	7.6%	5.0%
Communication Services	6.0%	3.0%
Industrials	5.6%	9.5%
Energy	5.3%	6.1%
Consumer Defensive	4.8%	5.8%
Basic Materials	4.1%	3.5%
Healthcare	3.3%	0.6%
Utilities	2.3%	3.0%
Real Estate	1.3%	3.0%

Return for Risk

ROAM vs. DEM — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 91
ROAM Sharpe Ratio Rank: 93
ROAM Sortino Ratio Rank: 92
ROAM Omega Ratio Rank: 92
ROAM Calmar Ratio Rank: 89
ROAM Martin Ratio Rank: 89

DEM

DEM Risk / Return Rank: 74
DEM Sharpe Ratio Rank: 72
DEM Sortino Ratio Rank: 71
DEM Omega Ratio Rank: 71
DEM Calmar Ratio Rank: 79
DEM Martin Ratio Rank: 75

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.

ROAM vs. DEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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.

	ROAM	DEM	Difference
Sharpe ratio: Return per unit of total volatility	3.50	2.38	+1.11
Sortino ratio: Return per unit of downside risk	4.48	3.28	+1.20
Omega ratio: Gain probability vs. loss probability	1.63	1.43	+0.20
Calmar ratio: Return relative to maximum drawdown	5.27	4.10	+1.16
Martin ratio: Return relative to average drawdown	19.91	14.52	+5.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROAM vs. DEM - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 3.50, which is higher than the DEM Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of ROAM and DEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROAM	DEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	2.38	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.63	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.58	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.22	+0.16

Drawdowns

ROAM vs. DEM - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for ROAM and DEM.

Drawdown Indicators

	ROAM	DEM	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-51.85%	+6.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-7.89%	-2.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-15.64%	-1.15%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-27.18%	+0.11%
Max Drawdown (10Y) Largest decline over 10 years	-45.47%	-37.79%	-7.68%
Current Drawdown Current decline from peak	-1.60%	-1.19%	-0.41%
Average Drawdown Average peak-to-trough decline	-11.13%	-12.90%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	2.22%	+0.40%

Volatility

ROAM vs. DEM - Volatility Comparison

Hartford Multifactor Emerging Markets ETF (ROAM) has a higher volatility of 6.41% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 5.64%. This indicates that ROAM's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAM	DEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	5.64%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	11.33%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	13.59%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	15.33%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	17.96%	-0.09%

ROAM vs. DEM - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is lower than DEM's 0.63% expense ratio.

Dividends

ROAM vs. DEM - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.50%, less than DEM's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEM WisdomTree Emerging Markets Equity Income Fund	3.76%	4.88%	5.24%	5.49%	8.62%	5.87%	4.21%	4.78%	4.47%	3.67%	3.63%	5.21%
ROAM Hartford Multifactor Emerging Markets ETF	2.50%	3.17%	4.15%	5.40%	5.23%	4.22%	3.04%	3.55%	2.54%	1.84%	1.89%	2.25%

Frequently Asked Questions

Can I hold both ROAM and DEM in my portfolio?

ROAM and DEM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROAM or DEM?

ROAM has higher volatility (6.41%) compared to DEM (5.64%). In terms of maximum drawdown, ROAM dropped -45.47% vs DEM's -51.85%.

Which ETF is better, ROAM or DEM?

On 10-year performance, DEM leads with 10.45% vs 9.87% for ROAM. On fees, ROAM is cheaper at 0.44% per year. On volatility, DEM has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or DEM?

Over the 10-year period, DEM has performed better with a 10.45% return vs 9.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or DEM?

ROAM is cheaper with a 0.44% expense ratio, compared with 0.63% for DEM.

Which ETF pays a higher dividend yield, ROAM or DEM?

DEM has the higher dividend yield at 3.76%, compared with 2.50% for ROAM.

What is the main difference between ROAM and DEM?

ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while DEM tracks WisdomTree Emerging Markets Equity income Index. They also come from different issuers: Hartford and WisdomTree. Their fees differ too: 0.44% for ROAM and 0.63% for DEM.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (3.50 vs 2.38), 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.