RODM vs. IDHQ
RODM (Hartford Multifactor Developed Markets (ex-US) ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both Foreign Large Cap Equities funds - RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index while IDHQ tracks the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, RODM returned 9.13%/yr vs 10.54%/yr for IDHQ. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.
Performance
RODM vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, RODM achieves a 11.60% return, which is significantly lower than IDHQ's 23.96% return. Over the past 10 years, RODM has underperformed IDHQ with an annualized return of 9.13%, while IDHQ has yielded a comparatively higher 10.54% annualized return.
RODM
- 1D
- -0.83%
- 1M
- -0.57%
- 6M
- 9.31%
- YTD
- 11.60%
- 1Y
- 22.95%
- 3Y*
- 19.06%
- 5Y*
- 9.79%
- 10Y*
- 9.13%
IDHQ
- 1D
- -1.06%
- 1M
- 3.48%
- 6M
- 17.70%
- YTD
- 23.96%
- 1Y
- 34.45%
- 3Y*
- 18.63%
- 5Y*
- 9.11%
- 10Y*
- 10.54%
RODM vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 11.60% | 34.42% | 8.02% | 15.76% | -14.54% | 11.11% | -0.62% | 17.15% | -9.97% | 25.14% |
IDHQ Invesco S&P International Developed High Quality ETF | 23.96% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between RODM and IDHQ is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015 | 0.77 |
The correlation between RODM and IDHQ shifts across timeframes, from 0.76 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RODM vs. IDHQ — Risk / Return Rank
RODM
IDHQ
RODM vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.58 | +0.67 |
| Martin ratioReturn relative to average drawdown | 12.73 | 10.14 | +2.59 |
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Drawdowns
RODM vs. IDHQ - Drawdown Comparison
The maximum RODM drawdown since its inception was -35.98%, smaller than the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for RODM and IDHQ.
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Drawdown Indicators
| RODM | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.98% | -73.84% | +37.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -13.44% | +6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -14.07% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -28.85% | -33.54% | +4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.98% | -33.54% | -2.44% |
Current DrawdownCurrent decline from peak | -0.88% | -2.57% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -6.33% | -21.09% | +14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 3.41% | -1.60% |
Volatility
RODM vs. IDHQ - Volatility Comparison
The current volatility for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) is 3.13%, while Invesco S&P International Developed High Quality ETF (IDHQ) has a volatility of 7.92%. This indicates that RODM experiences smaller price fluctuations and is considered to be less risky than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RODM | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 7.92% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 18.93% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 20.78% | -9.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.45% | 17.85% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 17.97% | -3.00% |
RODM vs. IDHQ - Expense Ratio Comparison
Both RODM and IDHQ have an expense ratio of 0.29%.
Dividends
RODM vs. IDHQ - Dividend Comparison
RODM's dividend yield for the trailing twelve months is around 2.85%, more than IDHQ's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.04% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 2.85% | 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
RODM and IDHQ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDHQ has higher volatility (7.92%) compared to RODM (3.13%). In terms of maximum drawdown, RODM dropped -35.98% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.54% vs 9.13% for RODM. Both ETFs have the same 0.29% expense ratio. On volatility, RODM has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDHQ has performed better with a 10.54% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RODM and IDHQ have the same expense ratio: 0.29% per year.
RODM has the higher dividend yield at 2.85%, compared with 2.04% for IDHQ.
RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Hartford and Invesco.
RODM currently has the higher Sharpe Ratio (2.10 vs 1.67), 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.
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