RODE vs. FDVV
Compare and contrast key facts about Hartford Multifactor Diversified International ETF (RODE) and Fidelity High Dividend ETF (FDVV).
RODE and FDVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RODE is a passively managed fund by The Hartford that tracks the performance of the Hartford Multifactor Diversified International Index. It was launched on May 10, 2017. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both RODE and FDVV 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: RODE or FDVV.
Key characteristics
| RODE | FDVV | |
|---|---|---|
| YTD Return | 5.95% | 9.57% |
| 1Y Return | 15.84% | 25.77% |
| 3Y Return (Ann) | 4.39% | 10.48% |
| 5Y Return (Ann) | 5.73% | 13.16% |
| Sharpe Ratio | 1.31 | 2.36 |
| Daily Std Dev | 11.53% | 10.84% |
| Max Drawdown | -36.74% | -40.25% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between RODE and FDVV is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RODE vs. FDVV - Performance Comparison
In the year-to-date period, RODE achieves a 5.95% return, which is significantly lower than FDVV's 9.57% 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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RODE vs. FDVV - Expense Ratio Comparison
Both RODE and FDVV have an expense ratio of 0.29%.
Risk-Adjusted Performance
RODE vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Diversified International ETF (RODE) and Fidelity High Dividend ETF (FDVV). 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
RODE vs. FDVV - Dividend Comparison
RODE's dividend yield for the trailing twelve months is around 4.87%, more than FDVV's 3.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
RODE Hartford Multifactor Diversified International ETF | 4.87% | 5.16% | 3.65% | 5.84% | 3.10% | 2.63% | 2.87% | 1.50% | 0.00% |
FDVV Fidelity High Dividend ETF | 3.18% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% |
Drawdowns
RODE vs. FDVV - Drawdown Comparison
The maximum RODE drawdown since its inception was -36.74%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for RODE and FDVV. For additional features, visit the drawdowns tool.
Volatility
RODE vs. FDVV - Volatility Comparison
The current volatility for Hartford Multifactor Diversified International ETF (RODE) is 2.70%, while Fidelity High Dividend ETF (FDVV) has a volatility of 2.98%. This indicates that RODE experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.