ROAM vs. EEM
Compare and contrast key facts about Hartford Multifactor Emerging Markets ETF (ROAM) and iShares MSCI Emerging Markets ETF (EEM).
ROAM and EEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROAM is a passively managed fund by The Hartford that tracks the performance of the Hartford Multifactor Emerging Markets Equity Index. It was launched on Feb 26, 2015. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. Both ROAM and EEM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROAM or EEM.
Key characteristics
| ROAM | EEM | |
|---|---|---|
| YTD Return | 6.83% | 5.70% |
| 1Y Return | 20.85% | 11.88% |
| 3Y Return (Ann) | 3.77% | -5.27% |
| 5Y Return (Ann) | 5.45% | 2.56% |
| Sharpe Ratio | 1.54 | 0.77 |
| Daily Std Dev | 13.04% | 14.83% |
| Max Drawdown | -45.47% | -66.44% |
| Current Drawdown | 0.00% | -21.42% |
Correlation
The correlation between ROAM and EEM is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ROAM vs. EEM - Performance Comparison
In the year-to-date period, ROAM achieves a 6.83% return, which is significantly higher than EEM's 5.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ROAM vs. EEM - Expense Ratio Comparison
ROAM has a 0.44% expense ratio, which is lower than EEM's 0.68% expense ratio.
Risk-Adjusted Performance
ROAM vs. EEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and iShares MSCI Emerging Markets ETF (EEM). 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.
Dividends
ROAM vs. EEM - Dividend Comparison
ROAM's dividend yield for the trailing twelve months is around 5.06%, more than EEM's 2.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROAM Hartford Multifactor Emerging Markets ETF | 5.06% | 5.40% | 5.23% | 4.22% | 3.04% | 3.55% | 2.54% | 1.84% | 1.89% | 2.25% | 0.00% | 0.00% |
EEM iShares MSCI Emerging Markets ETF | 2.49% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.22% | 1.87% | 1.88% | 2.48% | 2.22% | 2.04% |
Drawdowns
ROAM vs. EEM - Drawdown Comparison
The maximum ROAM drawdown since its inception was -45.47%, smaller than the maximum EEM drawdown of -66.44%. Use the drawdown chart below to compare losses from any high point for ROAM and EEM. For additional features, visit the drawdowns tool.
Volatility
ROAM vs. EEM - Volatility Comparison
The current volatility for Hartford Multifactor Emerging Markets ETF (ROAM) is 3.68%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 4.76%. This indicates that ROAM experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.