ROAM vs. EDIV

Last updated Jun 24, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both Emerging Markets Equities funds - ROAM tracks the Hartford Multifactor Emerging Markets Equity Index while EDIV tracks the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 10 years, ROAM returned 9.33%/yr vs 9.21%/yr for EDIV. Their correlation of 0.81 suggests significant overlap in exposure. ROAM charges 0.44%/yr vs 0.49%/yr for EDIV.

Performance

ROAM vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROAM achieves a 24.58% return, which is significantly higher than EDIV's 5.93% return. Both investments have delivered pretty close results over the past 10 years, with ROAM having a 9.33% annualized return and EDIV not far behind at 9.21%.

ROAM

• 1D: -3.55%
• 1M: 3.25%
• YTD: 24.58%
• 6M: 25.40%
• 1Y: 44.77%
• 3Y*: 25.04%
• 5Y*: 11.94%
• 10Y*: 9.33%

EDIV

• 1D: -1.48%
• 1M: 0.10%
• YTD: 5.93%
• 6M: 5.72%
• 1Y: 14.10%
• 3Y*: 17.91%
• 5Y*: 10.98%
• 10Y*: 9.21%

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

ROAM vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROAM Hartford Multifactor Emerging Markets ETF	24.58%	32.08%	6.21%	21.28%	-14.78%	9.32%	2.24%	8.89%	-12.24%	27.69%
EDIV SPDR S&P Emerging Markets Dividend ETF	5.93%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%

Correlation

The correlation between ROAM and EDIV is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
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	0.81

The correlation between ROAM and EDIV has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

ROAM vs. EDIV - Sectors Allocation Comparison

Sectors	ROAM	EDIV
Technology	40.0%	6.8%
Financial Services	19.9%	16.0%
Consumer Cyclical	7.4%	7.6%
Communication Services	6.0%	5.2%
Industrials	5.6%	6.4%
Energy	4.8%	3.7%
Consumer Defensive	4.7%	9.3%
Basic Materials	3.8%	0.9%
Healthcare	3.1%	0.6%
Utilities	2.2%	1.6%
Real Estate	1.3%	1.8%

Return for Risk

ROAM vs. EDIV — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 86
ROAM Sharpe Ratio Rank: 88
ROAM Sortino Ratio Rank: 83
ROAM Omega Ratio Rank: 87
ROAM Calmar Ratio Rank: 86
ROAM Martin Ratio Rank: 84

EDIV

EDIV Risk / Return Rank: 31
EDIV Sharpe Ratio Rank: 33
EDIV Sortino Ratio Rank: 32
EDIV Omega Ratio Rank: 33
EDIV Calmar Ratio Rank: 29
EDIV Martin Ratio Rank: 30

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. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	ROAM	EDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.70	1.12	+1.58
Sortino ratio: Return per unit of downside risk	3.41	1.64	+1.77
Omega ratio: Gain probability vs. loss probability	1.50	1.21	+0.29
Calmar ratio: Return relative to maximum drawdown	4.54	1.37	+3.17
Martin ratio: Return relative to average drawdown	16.16	4.08	+12.07

ROAM vs. EDIV - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 2.70, which is higher than the EDIV Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of ROAM and EDIV, 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

ROAM vs. EDIV - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for ROAM and EDIV.

Drawdown Indicators

	ROAM	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-53.36%	+7.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-10.36%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-13.84%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-28.32%	+1.25%
Max Drawdown (10Y) Largest decline over 10 years	-45.47%	-40.76%	-4.71%
Current Drawdown Current decline from peak	-3.55%	-4.51%	+0.96%
Average Drawdown Average peak-to-trough decline	-11.09%	-19.31%	+8.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.46%	-0.68%

Volatility

ROAM vs. EDIV - Volatility Comparison

Hartford Multifactor Emerging Markets ETF (ROAM) has a higher volatility of 9.09% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.81%. This indicates that ROAM's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAM	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	4.81%	+4.28%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	10.71%	+4.12%
Volatility (1Y) Calculated over the trailing 1-year period	16.66%	12.67%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	13.91%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	17.38%	+0.57%

ROAM vs. EDIV - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

ROAM vs. EDIV - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.55%, less than EDIV's 4.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.28%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%
ROAM Hartford Multifactor Emerging Markets ETF	2.55%	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 EDIV in my portfolio?

ROAM and EDIV have a correlation of 0.80, 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 EDIV?

ROAM has higher volatility (9.09%) compared to EDIV (4.81%). In terms of maximum drawdown, ROAM dropped -45.47% vs EDIV's -53.36%.

Which ETF is better, ROAM or EDIV?

On 10-year performance, ROAM leads with 9.33% vs 9.21% for EDIV. On fees, ROAM is cheaper at 0.44% per year. On volatility, EDIV has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or EDIV?

Over the 10-year period, ROAM has performed better with a 9.33% return vs 9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or EDIV?

ROAM is cheaper with a 0.44% expense ratio, compared with 0.49% for EDIV.

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

EDIV has the higher dividend yield at 4.28%, compared with 2.55% for ROAM.

What is the main difference between ROAM and EDIV?

ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. They also come from different issuers: Hartford and State Street. Their fees differ too: 0.44% for ROAM and 0.49% for EDIV.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (2.70 vs 1.12), 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.