RODM vs. VEU

Last updated Jul 14, 2026

RODM (Hartford Multifactor Developed Markets (ex-US) ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds - RODM tracks the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index while VEU tracks the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, RODM returned 9.13%/yr vs 9.62%/yr for VEU. Their correlation of 0.85 suggests significant overlap in exposure. RODM charges 0.29%/yr vs 0.04%/yr for VEU.

Performance

RODM vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RODM having a 11.60% return and VEU slightly higher at 12.16%. Over the past 10 years, RODM has underperformed VEU with an annualized return of 9.13%, while VEU has yielded a comparatively higher 9.62% 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%

VEU

• 1D: -1.80%
• 1M: -1.68%
• 6M: 7.61%
• YTD: 12.16%
• 1Y: 25.76%
• 3Y*: 17.28%
• 5Y*: 8.61%
• 10Y*: 9.62%

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

RODM vs. VEU - 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%
VEU Vanguard FTSE All-World ex-US ETF	12.16%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between RODM and VEU is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.85

The correlation between RODM and VEU shifts across timeframes, from 0.81 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

RODM vs. VEU - Sectors Allocation Comparison

Sectors	RODM	VEU
Financial Services	26.7%	22.6%
Industrials	16.2%	15.0%
Healthcare	10.8%	6.7%
Consumer Defensive	7.8%	4.9%
Consumer Cyclical	7.1%	8.0%
Technology	6.8%	21.6%
Basic Materials	5.4%	7.1%
Energy	5.3%	4.7%
Communication Services	5.2%	4.5%
Utilities	4.5%	3.0%
Real Estate	3.4%	1.9%

Return for Risk

RODM vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RODM

RODM Risk / Return Rank: 82
RODM Sharpe Ratio Rank: 83
RODM Sortino Ratio Rank: 84
RODM Omega Ratio Rank: 82
RODM Calmar Ratio Rank: 78
RODM Martin Ratio Rank: 82

VEU

VEU Risk / Return Rank: 58
VEU Sharpe Ratio Rank: 58
VEU Sortino Ratio Rank: 56
VEU Omega Ratio Rank: 59
VEU Calmar Ratio Rank: 57
VEU Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RODM vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) and Vanguard FTSE All-World ex-US ETF (VEU). 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	VEU	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.55	+0.55
Sortino ratio: Return per unit of downside risk	2.99	2.16	+0.83
Omega ratio: Gain probability vs. loss probability	1.38	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	3.25	2.26	+0.98
Martin ratio: Return relative to average drawdown	12.73	8.51	+4.22

RODM vs. VEU - Sharpe Ratio Comparison

The current RODM Sharpe Ratio is 2.10, which is higher than the VEU Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of RODM and VEU, 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. VEU - Drawdown Comparison

The maximum RODM drawdown since its inception was -35.98%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for RODM and VEU.

Drawdown Indicators

	RODM	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-35.98%	-61.52%	+25.54%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-11.43%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-10.58%	-13.69%	+3.11%
Max Drawdown (5Y) Largest decline over 5 years	-28.85%	-29.14%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-35.98%	-34.98%	-1.00%
Current Drawdown Current decline from peak	-0.88%	-3.79%	+2.91%
Average Drawdown Average peak-to-trough decline	-6.33%	-13.07%	+6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	3.04%	-1.23%

Volatility

RODM vs. VEU - Volatility Comparison

The current volatility for Hartford Multifactor Developed Markets (ex-US) ETF (RODM) is 3.13%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 6.27%. This indicates that RODM experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RODM	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	6.27%	-3.14%
Volatility (6M) Calculated over the trailing 6-month period	8.91%	14.76%	-5.85%
Volatility (1Y) Calculated over the trailing 1-year period	10.99%	16.68%	-5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.45%	16.32%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	17.04%	-2.07%

RODM vs. VEU - Expense Ratio Comparison

RODM has a 0.29% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

RODM vs. VEU - Dividend Comparison

RODM's dividend yield for the trailing twelve months is around 2.85%, more than VEU's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VEU Vanguard FTSE All-World ex-US ETF	2.58%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both RODM and VEU in my portfolio?

RODM and VEU have a correlation of 0.81, 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 VEU?

VEU has higher volatility (6.27%) compared to RODM (3.13%). In terms of maximum drawdown, RODM dropped -35.98% vs VEU's -61.52%.

Which ETF is better, RODM or VEU?

On 10-year performance, VEU leads with 9.62% vs 9.13% for RODM. On fees, VEU is cheaper at 0.04% per year. 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.

Which ETF has performed better, RODM or VEU?

Over the 10-year period, VEU has performed better with a 9.62% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RODM or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.29% for RODM.

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

RODM has the higher dividend yield at 2.85%, compared with 2.58% for VEU.

What is the main difference between RODM and VEU?

RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: Hartford and Vanguard. Their fees differ too: 0.29% for RODM and 0.04% for VEU.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.10 vs 1.55), 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.