SPLV vs. RODM

Last updated Jun 16, 2026

SPLV (Invesco S&P 500 Low Volatility ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both exchange-traded funds - SPLV is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while RODM is a Foreign Large Cap Equities fund tracking the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. Both are passively managed. Over the past 10 years, SPLV returned 8.33%/yr vs 9.24%/yr for RODM. A 0.53 correlation means they provide meaningful diversification when combined. SPLV charges 0.25%/yr vs 0.29%/yr for RODM.

Performance

SPLV vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Low Volatility ETF (SPLV) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPLV achieves a 4.85% return, which is significantly lower than RODM's 11.64% return. Over the past 10 years, SPLV has underperformed RODM with an annualized return of 8.33%, while RODM has yielded a comparatively higher 9.24% annualized return.

SPLV

• 1D: -0.36%
• 1M: 2.76%
• YTD: 4.85%
• 6M: 4.17%
• 1Y: 4.71%
• 3Y*: 8.01%
• 5Y*: 6.29%
• 10Y*: 8.33%

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%

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

SPLV vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPLV Invesco S&P 500 Low Volatility ETF	4.85%	4.10%	13.93%	0.53%	-4.88%	24.13%	-1.39%	27.87%	-0.19%	17.32%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	11.64%	34.42%	8.02%	15.76%	-14.54%	11.11%	-0.62%	17.15%	-9.97%	25.14%

Correlation

The correlation between SPLV and RODM is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 26, 2015	0.53

The correlation between SPLV and RODM shifts across timeframes, from 0.39 (1 year) to 0.57 (10 years), reflecting how their relationship changes across market environments.

SPLV vs. RODM - Sectors Allocation Comparison

Sectors	SPLV	RODM
Utilities	24.9%	4.9%
Financial Services	21.3%	25.9%
Real Estate	17.8%	3.5%
Industrials	12.2%	16.6%
Consumer Defensive	9.4%	4.0%
Healthcare	4.0%	8.9%
Consumer Cyclical	4.0%	5.8%
Energy	2.7%	6.8%
Basic Materials	2.1%	6.4%
Technology	0.8%	10.8%
Communication Services	0.8%	5.5%

Return for Risk

SPLV vs. RODM — Risk / Return Rank

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

SPLV

SPLV Risk / Return Rank: 17
SPLV Sharpe Ratio Rank: 17
SPLV Sortino Ratio Rank: 16
SPLV Omega Ratio Rank: 15
SPLV Calmar Ratio Rank: 18
SPLV Martin Ratio Rank: 17

RODM

RODM Risk / Return Rank: 78
RODM Sharpe Ratio Rank: 79
RODM Sortino Ratio Rank: 80
RODM Omega Ratio Rank: 78
RODM Calmar Ratio Rank: 76
RODM Martin Ratio Rank: 79

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.

SPLV vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility ETF (SPLV) and Hartford Multifactor Developed Markets (ex-US) ETF (RODM). 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.

	SPLV	RODM	Difference
Sharpe ratio: Return per unit of total volatility	0.47	2.33	-1.86
Sortino ratio: Return per unit of downside risk	0.73	3.26	-2.53
Omega ratio: Gain probability vs. loss probability	1.08	1.42	-0.34
Calmar ratio: Return relative to maximum drawdown	0.64	3.60	-2.96
Martin ratio: Return relative to average drawdown	1.50	14.32	-12.82

SPLV vs. RODM - Sharpe Ratio Comparison

The current SPLV Sharpe Ratio is 0.47, which is lower than the RODM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of SPLV and RODM, 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

SPLV vs. RODM - Drawdown Comparison

The maximum SPLV drawdown since its inception was -36.26%, roughly equal to the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for SPLV and RODM.

Drawdown Indicators

	SPLV	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-35.98%	-0.28%
Max Drawdown (1Y) Largest decline over 1 year	-7.41%	-7.10%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-9.64%	-10.58%	+0.94%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-28.85%	+11.59%
Max Drawdown (10Y) Largest decline over 10 years	-36.26%	-35.98%	-0.28%
Current Drawdown Current decline from peak	-3.66%	-0.84%	-2.82%
Average Drawdown Average peak-to-trough decline	-3.55%	-6.36%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.78%	+1.37%

Volatility

SPLV vs. RODM - Volatility Comparison

Invesco S&P 500 Low Volatility ETF (SPLV) has a higher volatility of 4.03% compared to Hartford Multifactor Developed Markets (ex-US) ETF (RODM) at 3.58%. This indicates that SPLV's price experiences larger fluctuations and is considered to be riskier than RODM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPLV	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.58%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	8.77%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.08%	11.01%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	13.48%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.38%	15.22%	+0.16%

SPLV vs. RODM - Expense Ratio Comparison

SPLV has a 0.25% expense ratio, which is lower than RODM's 0.29% expense ratio.

Dividends

SPLV vs. RODM - Dividend Comparison

SPLV's dividend yield for the trailing twelve months is around 2.15%, less than RODM's 2.78% 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%
SPLV Invesco S&P 500 Low Volatility ETF	2.15%	2.04%	1.88%	2.45%	2.11%	1.51%	2.12%	2.08%	2.18%	2.03%	2.03%	2.28%

Frequently Asked Questions

Can I hold both SPLV and RODM in my portfolio?

SPLV and RODM have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPLV or RODM?

SPLV has higher volatility (4.03%) compared to RODM (3.58%). In terms of maximum drawdown, SPLV dropped -36.26% vs RODM's -35.98%.

Which ETF is better, SPLV or RODM?

On 10-year performance, RODM leads with 9.24% vs 8.33% for SPLV. On fees, SPLV is cheaper at 0.25% per year. On volatility, RODM has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPLV or RODM?

Over the 10-year period, RODM has performed better with a 9.24% return vs 8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPLV or RODM?

SPLV is cheaper with a 0.25% expense ratio, compared with 0.29% for RODM.

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

RODM has the higher dividend yield at 2.78%, compared with 2.15% for SPLV.

What is the main difference between SPLV and RODM?

SPLV is categorized as S&P 500, while RODM is Foreign Large Cap Equities. SPLV tracks S&P 500 Low Volatility Index, while RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. They also come from different issuers: Invesco and Hartford. Their fees differ too: 0.25% for SPLV and 0.29% for RODM.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.33 vs 0.47), 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.