ROAM vs. FFRHX
Compare and contrast key facts about Hartford Multifactor Emerging Markets ETF (ROAM) and Fidelity Floating Rate High Income Fund (FFRHX).
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. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ROAM or FFRHX.
Key characteristics
| ROAM | FFRHX | |
|---|---|---|
| YTD Return | 6.83% | 3.70% |
| 1Y Return | 20.85% | 11.69% |
| 3Y Return (Ann) | 3.77% | 5.90% |
| 5Y Return (Ann) | 5.45% | 5.00% |
| Sharpe Ratio | 1.54 | 4.20 |
| Daily Std Dev | 13.04% | 2.77% |
| Max Drawdown | -45.47% | -22.20% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ROAM and FFRHX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ROAM vs. FFRHX - Performance Comparison
In the year-to-date period, ROAM achieves a 6.83% return, which is significantly higher than FFRHX's 3.70% 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. FFRHX - Expense Ratio Comparison
ROAM has a 0.44% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
ROAM vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and Fidelity Floating Rate High Income Fund (FFRHX). 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. FFRHX - Dividend Comparison
ROAM's dividend yield for the trailing twelve months is around 5.06%, less than FFRHX's 8.45% 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% |
FFRHX Fidelity Floating Rate High Income Fund | 8.45% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
ROAM vs. FFRHX - Drawdown Comparison
The maximum ROAM drawdown since its inception was -45.47%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for ROAM and FFRHX. For additional features, visit the drawdowns tool.
Volatility
ROAM vs. FFRHX - Volatility Comparison
Hartford Multifactor Emerging Markets ETF (ROAM) has a higher volatility of 3.68% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 1.24%. This indicates that ROAM's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.