ROAM vs. DGS
ROAM (Hartford Multifactor Emerging Markets ETF) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - ROAM is a Emerging Markets Equities fund tracking the Hartford Multifactor Emerging Markets Equity Index, while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, ROAM returned 9.87%/yr vs 9.93%/yr for DGS. Their correlation of 0.85 suggests significant overlap in exposure. ROAM charges 0.44%/yr vs 0.58%/yr for DGS.
Performance
ROAM vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, ROAM achieves a 26.83% return, which is significantly higher than DGS's 14.53% return. Both investments have delivered pretty close results over the past 10 years, with ROAM having a 9.87% annualized return and DGS not far ahead at 9.93%.
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%
DGS
- 1D
- -1.37%
- 1M
- 2.58%
- YTD
- 14.53%
- 6M
- 15.57%
- 1Y
- 27.26%
- 3Y*
- 16.17%
- 5Y*
- 7.85%
- 10Y*
- 9.93%
ROAM vs. DGS - 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% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.53% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between ROAM and DGS 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 | 0.90 |
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 DGS has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
ROAM vs. DGS — Risk / Return Rank
ROAM
DGS
ROAM vs. DGS - 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 SmallCap Dividend Fund (DGS). 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 | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.32 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 2.72 | +2.54 |
| Martin ratioReturn relative to average drawdown | 19.91 | 9.16 | +10.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ROAM | DGS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.50 | 1.76 | +1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.53 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.58 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.23 | +0.15 |
Drawdowns
ROAM vs. DGS - Drawdown Comparison
The maximum ROAM drawdown since its inception was -45.47%, smaller than the maximum DGS drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for ROAM and DGS.
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Drawdown Indicators
| ROAM | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.47% | -61.83% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.06% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.79% | -19.31% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -24.86% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | -44.08% | -1.39% |
Current DrawdownCurrent decline from peak | -1.60% | -1.40% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -11.13% | -12.59% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.98% | -0.36% |
Volatility
ROAM vs. DGS - Volatility Comparison
Hartford Multifactor Emerging Markets ETF (ROAM) has a higher volatility of 6.41% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 5.24%. This indicates that ROAM's price experiences larger fluctuations and is considered to be riskier than DGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROAM | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 5.24% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 13.03% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 15.56% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 14.87% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 17.32% | +0.55% |
ROAM vs. DGS - Expense Ratio Comparison
ROAM has a 0.44% expense ratio, which is lower than DGS's 0.58% expense ratio.
Dividends
ROAM vs. DGS - Dividend Comparison
ROAM's dividend yield for the trailing twelve months is around 2.50%, less than DGS's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.21% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
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
ROAM and DGS 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.
ROAM has higher volatility (6.41%) compared to DGS (5.24%). In terms of maximum drawdown, ROAM dropped -45.47% vs DGS's -61.83%.
On 10-year performance, DGS leads with 9.93% vs 9.87% for ROAM. On fees, ROAM is cheaper at 0.44% per year. On volatility, DGS has been the lower-risk option at 5.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGS has performed better with a 9.93% return vs 9.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ROAM is cheaper with a 0.44% expense ratio, compared with 0.58% for DGS.
DGS has the higher dividend yield at 3.21%, compared with 2.50% for ROAM.
ROAM is categorized as Emerging Markets Equities, while DGS is Emerging Markets Diversified. ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: Hartford and WisdomTree. Their fees differ too: 0.44% for ROAM and 0.58% for DGS.
ROAM currently has the higher Sharpe Ratio (3.50 vs 1.76), 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.
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