ROAM vs. EQLT

Last updated Jul 17, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Emerging Markets Equities funds - ROAM tracks the Hartford Multifactor Emerging Markets Equity Index while EQLT tracks the MSCI Emerging Markets Quality Factor Select Index. Both are passively managed. Over the past year, ROAM returned 34.03% vs 43.68% for EQLT. Their correlation of 0.89 suggests significant overlap in exposure. ROAM charges 0.44%/yr vs 0.35%/yr for EQLT.

Performance

ROAM vs. EQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROAM achieves a 19.49% return, which is significantly lower than EQLT's 22.92% return.

ROAM

• 1D: -0.95%
• 1M: -5.64%
• 6M: 13.58%
• YTD: 19.49%
• 1Y: 34.03%
• 3Y*: 21.01%
• 5Y*: 11.34%
• 10Y*: 8.60%

EQLT

• 1D: -1.55%
• 1M: -7.15%
• 6M: 16.66%
• YTD: 22.92%
• 1Y: 43.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ROAM vs. EQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ROAM Hartford Multifactor Emerging Markets ETF	19.49%	32.08%	-2.88%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	22.92%	33.93%	-1.29%

Correlation

The correlation between ROAM and EQLT is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.89

The correlation between ROAM and EQLT has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

ROAM vs. EQLT - Sectors Allocation Comparison

Sectors	ROAM	EQLT
Technology	41.7%	36.1%
Financial Services	19.5%	17.4%
Communication Services	6.2%	6.3%
Industrials	6.1%	10.8%
Consumer Cyclical	5.9%	10.1%
Consumer Defensive	4.6%	3.2%
Energy	4.2%	3.7%
Basic Materials	3.6%	6.8%
Healthcare	3.2%	2.6%
Utilities	2.5%	1.9%
Real Estate	1.4%	1.2%

Return for Risk

ROAM vs. EQLT — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 77
ROAM Sharpe Ratio Rank: 79
ROAM Sortino Ratio Rank: 72
ROAM Omega Ratio Rank: 78
ROAM Calmar Ratio Rank: 82
ROAM Martin Ratio Rank: 76

EQLT

EQLT Risk / Return Rank: 76
EQLT Sharpe Ratio Rank: 74
EQLT Sortino Ratio Rank: 68
EQLT Omega Ratio Rank: 73
EQLT Calmar Ratio Rank: 84
EQLT Martin Ratio Rank: 82

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. EQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.90	+0.10
Sortino ratio: Return per unit of downside risk	2.60	2.49	+0.11
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.02
Calmar ratio: Return relative to maximum drawdown	3.45	3.66	-0.21
Martin ratio: Return relative to average drawdown	10.95	12.48	-1.52

ROAM vs. EQLT - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 2.00, which is comparable to the EQLT Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ROAM and EQLT, 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. EQLT - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, which is greater than EQLT's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for ROAM and EQLT.

Drawdown Indicators

	ROAM	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-17.38%	-28.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-12.00%	+2.08%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.47%	—	—
Current Drawdown Current decline from peak	-7.49%	-8.32%	+0.83%
Average Drawdown Average peak-to-trough decline	-11.06%	-3.69%	-7.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.51%	-0.40%

Volatility

ROAM vs. EQLT - Volatility Comparison

The current volatility for Hartford Multifactor Emerging Markets ETF (ROAM) is 6.31%, while iShares MSCI Emerging Markets Quality Factor ETF (EQLT) has a volatility of 6.94%. This indicates that ROAM experiences smaller price fluctuations and is considered to be less risky than EQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAM	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.31%	6.94%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.46%	21.04%	-5.58%
Volatility (1Y) Calculated over the trailing 1-year period	17.09%	23.11%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.69%	21.29%	-5.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	21.29%	-3.39%

ROAM vs. EQLT - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is higher than EQLT's 0.35% expense ratio.

Dividends

ROAM vs. EQLT - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.45%, less than EQLT's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.85%	3.10%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROAM Hartford Multifactor Emerging Markets ETF	2.45%	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 EQLT in my portfolio?

ROAM and EQLT have a correlation of 0.88, 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 EQLT?

EQLT has higher volatility (6.94%) compared to ROAM (6.31%). In terms of maximum drawdown, ROAM dropped -45.47% vs EQLT's -17.38%.

Which ETF is better, ROAM or EQLT?

On 1-year performance, EQLT leads with 43.68% vs 34.03% for ROAM. On fees, EQLT is cheaper at 0.35% per year. On volatility, ROAM has been the lower-risk option at 6.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or EQLT?

Over the 1-year period, EQLT has performed better with a 43.68% return vs 34.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or EQLT?

EQLT is cheaper with a 0.35% expense ratio, compared with 0.44% for ROAM.

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

EQLT has the higher dividend yield at 2.85%, compared with 2.45% for ROAM.

What is the main difference between ROAM and EQLT?

ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while EQLT tracks MSCI Emerging Markets Quality Factor Select Index. They also come from different issuers: Hartford and iShares. Their fees differ too: 0.44% for ROAM and 0.35% for EQLT.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (2.00 vs 1.90), 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.