ROAM vs. HFGO

Last updated Jun 21, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and HFGO (Hartford Large Cap Growth ETF) are both exchange-traded funds - ROAM is a Emerging Markets Equities fund tracking the Hartford Multifactor Emerging Markets Equity Index, while HFGO is a Large Cap Growth Equities fund actively managed by Hartford. ROAM is passively managed, while HFGO is actively managed. Over the past 3 years, ROAM returned 25.22%/yr vs 24.79%/yr for HFGO. A 0.61 correlation means they provide meaningful diversification when combined. ROAM charges 0.44%/yr vs 0.60%/yr for HFGO.

Performance

ROAM vs. HFGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) and Hartford Large Cap Growth ETF (HFGO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROAM achieves a 28.73% return, which is significantly higher than HFGO's 9.05% return.

ROAM

• 1D: 2.02%
• 1M: 7.68%
• YTD: 28.73%
• 6M: 30.91%
• 1Y: 50.81%
• 3Y*: 25.22%
• 5Y*: 13.09%
• 10Y*: 9.98%

HFGO

• 1D: 2.30%
• 1M: 1.19%
• YTD: 9.05%
• 6M: 9.16%
• 1Y: 27.06%
• 3Y*: 24.79%
• 5Y*: —
• 10Y*: —

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

ROAM vs. HFGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ROAM Hartford Multifactor Emerging Markets ETF	28.73%	32.08%	6.21%	21.28%	-14.78%	-0.37%
HFGO Hartford Large Cap Growth ETF	9.05%	15.52%	40.73%	42.45%	-36.69%	-6.95%

Correlation

The correlation between ROAM and HFGO is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.61

The correlation between ROAM and HFGO shifts across timeframes, from 0.56 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

ROAM vs. HFGO - Sectors Allocation Comparison

Sectors	ROAM	HFGO
Technology	40.0%	55.3%
Financial Services	19.9%	2.0%
Consumer Cyclical	7.4%	11.8%
Communication Services	6.0%	19.7%
Industrials	5.6%	3.6%
Energy	4.8%	0.5%
Consumer Defensive	4.7%	0.5%
Basic Materials	3.8%	-
Healthcare	3.1%	7.2%
Utilities	2.2%	-
Real Estate	1.3%	-

Return for Risk

ROAM vs. HFGO — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 90
ROAM Sharpe Ratio Rank: 92
ROAM Sortino Ratio Rank: 90
ROAM Omega Ratio Rank: 91
ROAM Calmar Ratio Rank: 89
ROAM Martin Ratio Rank: 88

HFGO

HFGO Risk / Return Rank: 36
HFGO Sharpe Ratio Rank: 41
HFGO Sortino Ratio Rank: 38
HFGO Omega Ratio Rank: 38
HFGO Calmar Ratio Rank: 30
HFGO Martin Ratio Rank: 32

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. HFGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and Hartford Large Cap Growth ETF (HFGO). 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	HFGO	Difference
Sharpe ratio: Return per unit of total volatility	3.09	1.37	+1.72
Sortino ratio: Return per unit of downside risk	3.91	1.90	+2.01
Omega ratio: Gain probability vs. loss probability	1.57	1.24	+0.33
Calmar ratio: Return relative to maximum drawdown	5.07	1.44	+3.63
Martin ratio: Return relative to average drawdown	18.10	4.53	+13.57

ROAM vs. HFGO - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 3.09, which is higher than the HFGO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of ROAM and HFGO, 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. HFGO - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, roughly equal to the maximum HFGO drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for ROAM and HFGO.

Drawdown Indicators

	ROAM	HFGO	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-44.64%	-0.83%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-18.29%	+8.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-25.19%	+8.40%
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	-0.12%	-3.59%	+3.47%
Average Drawdown Average peak-to-trough decline	-11.10%	-16.00%	+4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	5.79%	-3.02%

Volatility

ROAM vs. HFGO - Volatility Comparison

Hartford Multifactor Emerging Markets ETF (ROAM) and Hartford Large Cap Growth ETF (HFGO) have volatilities of 8.24% and 7.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAM	HFGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.24%	7.90%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	14.36%	15.37%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	16.26%	19.16%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	25.99%	-10.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	25.99%	-8.07%

ROAM vs. HFGO - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is lower than HFGO's 0.60% expense ratio.

Dividends

ROAM vs. HFGO - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.46%, while HFGO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFGO Hartford Large Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROAM Hartford Multifactor Emerging Markets ETF	2.46%	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 HFGO in my portfolio?

ROAM and HFGO have a correlation of 0.67, 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 HFGO?

ROAM has higher volatility (8.24%) compared to HFGO (7.90%). In terms of maximum drawdown, ROAM dropped -45.47% vs HFGO's -44.64%.

Which ETF is better, ROAM or HFGO?

On 3-year performance, ROAM leads with 25.22% vs 24.79% for HFGO. On fees, ROAM is cheaper at 0.44% per year. On volatility, HFGO has been the lower-risk option at 7.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or HFGO?

Over the 3-year period, ROAM has performed better with a 25.22% return vs 24.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or HFGO?

ROAM is cheaper with a 0.44% expense ratio, compared with 0.60% for HFGO.

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

ROAM has the higher dividend yield at 2.46%, compared with 0.00% for HFGO.

What is the main difference between ROAM and HFGO?

ROAM is categorized as Emerging Markets Equities, while HFGO is Large Cap Growth Equities. Their fees differ too: 0.44% for ROAM and 0.60% for HFGO.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (3.09 vs 1.37), 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.