ROAM vs. RWEM

Last updated Jun 4, 2026

ROAM (Hartford Multifactor Emerging Markets ETF) and RWEM (Rayliant Wilshire NxtGen Emerging Markets Equity ETF) are both Emerging Markets Equities funds - ROAM tracks the Hartford Multifactor Emerging Markets Equity Index while RWEM tracks the FT Wilshire Emerging Large NxtGen Index. Both are passively managed. Over the past 3 years, ROAM returned 26.00%/yr vs 25.41%/yr for RWEM. A 0.75 correlation means they provide meaningful diversification when combined. ROAM charges 0.44%/yr vs 0.52%/yr for RWEM.

Performance

ROAM vs. RWEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Emerging Markets ETF (ROAM) and Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ROAM having a 26.83% return and RWEM slightly lower at 26.61%.

ROAM

• 1D: -1.60%
• 1M: 8.68%
• YTD: 26.83%
• 6M: 28.99%
• 1Y: 51.96%
• 3Y*: 26.00%
• 5Y*: 12.31%
• 10Y*: 9.87%

RWEM

• 1D: 1.08%
• 1M: 12.70%
• YTD: 26.61%
• 6M: 37.26%
• 1Y: 56.82%
• 3Y*: 25.41%
• 5Y*: —
• 10Y*: —

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

ROAM vs. RWEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ROAM Hartford Multifactor Emerging Markets ETF	26.83%	32.08%	6.21%	21.28%	-14.78%	0.92%
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	26.61%	28.17%	7.24%	21.56%	-20.11%	0.42%

Correlation

The correlation between ROAM and RWEM is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.75

Over the past year, the correlation between ROAM and RWEM has dropped to 0.52 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

ROAM vs. RWEM - Sectors Allocation Comparison

Sectors	ROAM	RWEM
Technology	39.4%	36.8%
Financial Services	19.3%	23.6%
Consumer Cyclical	7.6%	6.3%
Communication Services	6.0%	4.5%
Industrials	5.6%	6.5%
Energy	5.3%	4.3%
Consumer Defensive	4.8%	4.5%
Basic Materials	4.1%	7.9%
Healthcare	3.3%	1.4%
Utilities	2.3%	2.5%
Real Estate	1.3%	1.8%

Return for Risk

ROAM vs. RWEM — Risk / Return Rank

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

ROAM

ROAM Risk / Return Rank: 91
ROAM Sharpe Ratio Rank: 93
ROAM Sortino Ratio Rank: 92
ROAM Omega Ratio Rank: 92
ROAM Calmar Ratio Rank: 89
ROAM Martin Ratio Rank: 89

RWEM

RWEM Risk / Return Rank: 60
RWEM Sharpe Ratio Rank: 54
RWEM Sortino Ratio Rank: 50
RWEM Omega Ratio Rank: 57
RWEM Calmar Ratio Rank: 75
RWEM Martin Ratio Rank: 66

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. RWEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Emerging Markets ETF (ROAM) and Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM). 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.

	ROAM	RWEM	Difference
Sharpe ratio: Return per unit of total volatility	3.50	1.79	+1.70
Sortino ratio: Return per unit of downside risk	4.48	2.42	+2.06
Omega ratio: Gain probability vs. loss probability	1.63	1.34	+0.29
Calmar ratio: Return relative to maximum drawdown	5.27	3.71	+1.56
Martin ratio: Return relative to average drawdown	19.91	11.99	+7.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROAM vs. RWEM - Sharpe Ratio Comparison

The current ROAM Sharpe Ratio is 3.50, which is higher than the RWEM Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of ROAM and RWEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROAM	RWEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	1.79	+1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.59	-0.21

Drawdowns

ROAM vs. RWEM - Drawdown Comparison

The maximum ROAM drawdown since its inception was -45.47%, which is greater than RWEM's maximum drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for ROAM and RWEM.

Drawdown Indicators

	ROAM	RWEM	Difference
Max Drawdown Largest peak-to-trough decline	-45.47%	-26.92%	-18.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-15.39%	+5.47%
Max Drawdown (3Y) Largest decline over 3 years	-16.79%	-22.56%	+5.77%
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	-1.60%	0.00%	-1.60%
Average Drawdown Average peak-to-trough decline	-11.13%	-9.64%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.75%	-2.13%

Volatility

ROAM vs. RWEM - Volatility Comparison

The current volatility for Hartford Multifactor Emerging Markets ETF (ROAM) is 6.41%, while Rayliant Wilshire NxtGen Emerging Markets Equity ETF (RWEM) has a volatility of 8.57%. This indicates that ROAM experiences smaller price fluctuations and is considered to be less risky than RWEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROAM	RWEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	8.57%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	12.76%	29.47%	-16.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	31.82%	-16.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	21.36%	-6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	21.36%	-3.49%

ROAM vs. RWEM - Expense Ratio Comparison

ROAM has a 0.44% expense ratio, which is lower than RWEM's 0.52% expense ratio.

Dividends

ROAM vs. RWEM - Dividend Comparison

ROAM's dividend yield for the trailing twelve months is around 2.50%, more than RWEM's 1.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ROAM Hartford Multifactor Emerging Markets ETF	2.50%	3.17%	4.15%	5.40%	5.23%	4.22%	3.04%	3.55%	2.54%	1.84%	1.89%	2.25%
RWEM Rayliant Wilshire NxtGen Emerging Markets Equity ETF	1.70%	2.15%	3.59%	1.60%	5.59%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ROAM and RWEM in my portfolio?

ROAM and RWEM have a correlation of 0.52, 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 RWEM?

RWEM has higher volatility (8.57%) compared to ROAM (6.41%). In terms of maximum drawdown, ROAM dropped -45.47% vs RWEM's -26.92%.

Which ETF is better, ROAM or RWEM?

On 3-year performance, ROAM leads with 26.00% vs 25.41% for RWEM. On fees, ROAM is cheaper at 0.44% per year. On volatility, ROAM has been the lower-risk option at 6.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROAM or RWEM?

Over the 3-year period, ROAM has performed better with a 26.00% return vs 25.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROAM or RWEM?

ROAM is cheaper with a 0.44% expense ratio, compared with 0.52% for RWEM.

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

ROAM has the higher dividend yield at 2.50%, compared with 1.70% for RWEM.

What is the main difference between ROAM and RWEM?

ROAM tracks Hartford Multifactor Emerging Markets Equity Index, while RWEM tracks FT Wilshire Emerging Large NxtGen Index. They also come from different issuers: Hartford and Rayliant. Their fees differ too: 0.44% for ROAM and 0.52% for RWEM.

Which has better risk-adjusted returns?

ROAM currently has the higher Sharpe Ratio (3.50 vs 1.79), 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.