RODE vs. IDV
Compare and contrast key facts about Hartford Multifactor Diversified International ETF (RODE) and iShares International Select Dividend ETF (IDV).
RODE and IDV 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. IDV is a passively managed fund by iShares that tracks the performance of the Dow Jones EPAC Select Dividend. It was launched on Jun 11, 2007. Both RODE and IDV 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 IDV.
Key characteristics
| RODE | IDV | |
|---|---|---|
| YTD Return | 5.95% | 5.17% |
| 1Y Return | 15.84% | 13.60% |
| 3Y Return (Ann) | 4.39% | 1.70% |
| 5Y Return (Ann) | 5.73% | 5.55% |
| Sharpe Ratio | 1.31 | 1.00 |
| Daily Std Dev | 11.53% | 13.17% |
| Max Drawdown | -36.74% | -70.14% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between RODE and IDV is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RODE vs. IDV - Performance Comparison
In the year-to-date period, RODE achieves a 5.95% return, which is significantly higher than IDV's 5.17% 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. IDV - Expense Ratio Comparison
RODE has a 0.29% expense ratio, which is lower than IDV's 0.49% expense ratio.
Risk-Adjusted Performance
RODE vs. IDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Diversified International ETF (RODE) and iShares International Select Dividend ETF (IDV). 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. IDV - Dividend Comparison
RODE's dividend yield for the trailing twelve months is around 4.87%, less than IDV's 6.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RODE Hartford Multifactor Diversified International ETF | 4.87% | 5.16% | 3.65% | 5.84% | 3.10% | 2.63% | 2.87% | 1.50% | 0.00% | 0.00% | 0.00% | 0.00% |
IDV iShares International Select Dividend ETF | 6.32% | 6.51% | 7.33% | 5.78% | 5.47% | 5.15% | 5.93% | 4.52% | 4.69% | 5.08% | 6.03% | 4.48% |
Drawdowns
RODE vs. IDV - Drawdown Comparison
The maximum RODE drawdown since its inception was -36.74%, smaller than the maximum IDV drawdown of -70.14%. Use the drawdown chart below to compare losses from any high point for RODE and IDV. For additional features, visit the drawdowns tool.
Volatility
RODE vs. IDV - Volatility Comparison
The current volatility for Hartford Multifactor Diversified International ETF (RODE) is 2.70%, while iShares International Select Dividend ETF (IDV) has a volatility of 3.64%. This indicates that RODE experiences smaller price fluctuations and is considered to be less risky than IDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.