RODM vs. ICOW

Last updated Aug 2, 2026

RODM (Hartford Multifactor Developed Markets (ex-US) ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds - RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index while ICOW tracks the Pacer Developed Markets International Cash Cows 100 Index. Both are passively managed. Over the past 5 years, RODM returned 10.28%/yr vs 10.30%/yr for ICOW. Their correlation of 0.85 means they have usually moved in the same direction. RODM charges 0.29%/yr vs 0.65%/yr for ICOW.

Performance

RODM vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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 RODM having a 14.40% return and ICOW slightly lower at 13.73%.

RODM

• 1D: -0.53%
• 1M: 2.51%
• 6M: 9.90%
• YTD: 14.40%
• 1Y: 26.71%
• 3Y*: 20.07%
• 5Y*: 10.28%
• 10Y*: 9.08%
• ALL TIME*: 8.08%

ICOW

• 1D: -1.20%
• 1M: 3.55%
• 6M: 7.19%
• YTD: 13.73%
• 1Y: 31.73%
• 3Y*: 15.95%
• 5Y*: 10.30%
• 10Y*: —
• ALL TIME*: 9.55%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ICOW Pacer Developed Markets International Cash Cows 100 ETF	$9.84M	$8.25M	$8.96M
RODM Hartford Multifactor Developed Markets (ex-US) ETF	$2.73M	$3.04M	$3.79M

RODM vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RODM Hartford Multifactor Developed Markets (ex-US) ETF	14.40%	34.42%	8.02%	15.76%	-14.54%	11.11%	-0.62%	17.15%	-9.97%	8.71%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	13.73%	36.95%	-2.59%	18.94%	-7.98%	11.52%	7.20%	17.91%	-16.09%	16.93%

Correlation

The correlation between RODM and ICOW is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017	0.85

The correlation between RODM and ICOW has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

RODM vs. ICOW - Sectors Allocation Comparison

Sectors	RODM	ICOW
Financial Services	27.2%	-
Industrials	17.0%	25.2%
Healthcare	9.7%	8.3%
Consumer Defensive	8.1%	10.1%
Technology	6.9%	7.7%
Consumer Cyclical	6.8%	14.4%
Communication Services	5.5%	12.7%
Energy	5.4%	11.9%
Utilities	5.2%	-
Basic Materials	4.8%	9.9%
Real Estate	3.5%	-

Return for Risk

RODM vs. ICOW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RODM

RODM Risk / Return Rank: 92
RODM Sharpe Ratio Rank: 93
RODM Sortino Ratio Rank: 93
RODM Omega Ratio Rank: 92
RODM Calmar Ratio Rank: 90
RODM Martin Ratio Rank: 92

ICOW

ICOW Risk / Return Rank: 86
ICOW Sharpe Ratio Rank: 89
ICOW Sortino Ratio Rank: 86
ICOW Omega Ratio Rank: 87
ICOW Calmar Ratio Rank: 88
ICOW Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RODM vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.

	RODM	ICOW	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.17	+0.36
Sortino ratio: Return per unit of downside risk	3.57	2.85	+0.72
Omega ratio: Gain probability vs. loss probability	1.46	1.39	+0.07
Calmar ratio: Return relative to maximum drawdown	3.86	3.54	+0.32
Martin ratio: Return relative to average drawdown	15.55	9.84	+5.71

RODM vs. ICOW - Sharpe Ratio Comparison

The current RODM Sharpe Ratio is 2.53, which is comparable to the ICOW Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of RODM and ICOW, 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

RODM vs. ICOW - Drawdown Comparison

The maximum RODM drawdown since its inception was -35.98%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for RODM and ICOW.

Drawdown Indicators

	RODM	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-35.98%	-43.49%	+7.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-8.92%	+1.82%
Max Drawdown (3Y) Largest decline over 3 years	-10.58%	-14.81%	+4.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.85%	-27.79%	-1.06%
Max Drawdown (10Y) Largest decline over 10 years	-35.98%	—	—
Current Drawdown Current decline from peak	-0.53%	-3.70%	+3.17%
Average Drawdown Average peak-to-trough decline	-6.30%	-7.55%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	3.20%	-1.44%

Volatility

RODM vs. ICOW - Volatility Comparison

The current volatility for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) is 3.27%, while Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a volatility of 3.79%. This indicates that RODM experiences smaller price fluctuations and is considered to be less risky than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RODM	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.79%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	12.07%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	14.55%	-3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.46%	16.74%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	18.44%	-3.48%

RODM vs. ICOW - Expense Ratio Comparison

RODM has a 0.29% expense ratio, which is lower than ICOW's 0.65% expense ratio.

Dividends

RODM vs. ICOW - Dividend Comparison

RODM's dividend yield for the trailing twelve months is around 2.78%, more than ICOW's 2.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.24%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%	0.00%	0.00%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	2.78%	3.11%	4.09%	4.42%	3.81%	4.41%	2.82%	2.82%	2.03%	2.24%	3.19%	2.60%

Frequently Asked Questions

Can I hold both RODM and ICOW in my portfolio?

RODM and ICOW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RODM or ICOW?

ICOW has higher volatility (3.79%) compared to RODM (3.27%). In terms of maximum drawdown, RODM dropped -35.98% vs ICOW's -43.49%.

Which ETF is better, RODM or ICOW?

On 5-year performance, ICOW leads with 10.30% vs 10.28% for RODM. On fees, RODM is cheaper at 0.29% per year. On volatility, RODM has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RODM or ICOW?

Over the 5-year period, ICOW has performed better with a 10.30% return vs 10.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RODM or ICOW?

RODM is cheaper with a 0.29% expense ratio, compared with 0.65% for ICOW.

Which ETF pays a higher dividend yield, RODM or ICOW?

RODM has the higher dividend yield at 2.78%, compared with 2.24% for ICOW.

What is the main difference between RODM and ICOW?

RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index, while ICOW tracks Pacer Developed Markets International Cash Cows 100 Index. They also come from different issuers: Hartford and Pacer. Their fees differ too: 0.29% for RODM and 0.65% for ICOW.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.53 vs 2.17), 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.