RODM vs. TLTW
RODM (Hartford Multifactor Developed Markets (ex-US) ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both exchange-traded funds - RODM is a Foreign Large Cap Equities fund tracking the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index, while TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). Both are passively managed. Over the past 3 years, RODM returned 19.57%/yr vs 0.63%/yr for TLTW. At a 0.28 correlation, their price movements are largely independent. RODM charges 0.29%/yr vs 0.35%/yr for TLTW.
Performance
RODM vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, RODM achieves a 11.64% return, which is significantly higher than TLTW's 1.94% return.
RODM
- 1D
- -0.53%
- 1M
- 0.90%
- YTD
- 11.64%
- 6M
- 12.64%
- 1Y
- 25.47%
- 3Y*
- 19.57%
- 5Y*
- 9.73%
- 10Y*
- 9.24%
TLTW
- 1D
- 0.05%
- 1M
- 2.89%
- YTD
- 1.94%
- 6M
- 2.24%
- 1Y
- 9.50%
- 3Y*
- 0.63%
- 5Y*
- —
- 10Y*
- —
RODM vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 11.64% | 34.42% | 8.02% | 15.76% | -1.16% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 1.94% | 11.36% | -2.18% | 0.73% | -11.14% |
Correlation
The correlation between RODM and TLTW is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2022 | 0.28 |
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Return for Risk
RODM vs. TLTW — Risk / Return Rank
RODM
TLTW
RODM vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.60 | +2.00 |
| Martin ratioReturn relative to average drawdown | 14.32 | 4.63 | +9.69 |
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Drawdowns
RODM vs. TLTW - Drawdown Comparison
The maximum RODM drawdown since its inception was -35.98%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for RODM and TLTW.
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Drawdown Indicators
| RODM | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.98% | -18.61% | -17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -5.97% | -1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -10.58% | -17.19% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.98% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -2.50% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -8.20% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.06% | -0.28% |
Volatility
RODM vs. TLTW - Volatility Comparison
Hartford Multifactor Developed Markets (ex-US) ETF (RODM) has a higher volatility of 3.58% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.31%. This indicates that RODM's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RODM | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 2.31% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 5.84% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 7.66% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 11.35% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 11.35% | +3.87% |
RODM vs. TLTW - Expense Ratio Comparison
RODM has a 0.29% expense ratio, which is lower than TLTW's 0.35% expense ratio.
Dividends
RODM vs. TLTW - Dividend Comparison
RODM's dividend yield for the trailing twelve months is around 2.78%, less than TLTW's 11.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.67% | 14.82% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RODM and TLTW have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RODM has higher volatility (3.58%) compared to TLTW (2.31%). In terms of maximum drawdown, RODM dropped -35.98% vs TLTW's -18.61%.
On 3-year performance, RODM leads with 19.57% vs 0.63% for TLTW. On fees, RODM is cheaper at 0.29% per year. On volatility, TLTW has been the lower-risk option at 2.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RODM has performed better with a 19.57% return vs 0.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RODM is cheaper with a 0.29% expense ratio, compared with 0.35% for TLTW.
TLTW has the higher dividend yield at 11.67%, compared with 2.78% for RODM.
RODM is categorized as Foreign Large Cap Equities, while TLTW is Derivative Income. RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index, while TLTW tracks CBOE TLT 2% OTM Buywrite Index (USD). They also come from different issuers: Hartford and iShares. Their fees differ too: 0.29% for RODM and 0.35% for TLTW.
RODM currently has the higher Sharpe Ratio (2.33 vs 1.25), 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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