TLTW vs. RODM
TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both exchange-traded funds - TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD), 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 3 years, TLTW returned 0.63%/yr vs 19.57%/yr for RODM. At a 0.28 correlation, their price movements are largely independent. TLTW charges 0.35%/yr vs 0.29%/yr for RODM.
Performance
TLTW vs. RODM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TLTW achieves a 1.94% return, which is significantly lower than RODM's 11.64% return.
TLTW
- 1D
- 0.05%
- 1M
- 2.89%
- YTD
- 1.94%
- 6M
- 2.24%
- 1Y
- 9.50%
- 3Y*
- 0.63%
- 5Y*
- —
- 10Y*
- —
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 vs. RODM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 1.94% | 11.36% | -2.18% | 0.73% | -11.14% |
RODM Hartford Multifactor Developed Markets (ex-US) ETF | 11.64% | 34.42% | 8.02% | 15.76% | -1.16% |
Correlation
The correlation between TLTW and RODM 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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TLTW vs. RODM — Risk / Return Rank
TLTW
RODM
TLTW vs. RODM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) 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.
| TLTW | RODM | 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 | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.60 | -2.00 |
| Martin ratioReturn relative to average drawdown | 4.63 | 14.32 | -9.69 |
Loading charts...
Drawdowns
TLTW vs. RODM - Drawdown Comparison
The maximum TLTW drawdown since its inception was -18.61%, smaller than the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for TLTW and RODM.
Loading charts...
Drawdown Indicators
| TLTW | RODM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -35.98% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.97% | -7.10% | +1.13% |
Max Drawdown (3Y)Largest decline over 3 years | -17.19% | -10.58% | -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 | -2.50% | -0.84% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -6.36% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.78% | +0.28% |
Volatility
TLTW vs. RODM - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is 2.31%, while Hartford Multifactor Developed Markets (ex-US) ETF (RODM) has a volatility of 3.58%. This indicates that TLTW experiences smaller price fluctuations and is considered to be less risky than RODM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TLTW | RODM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 3.58% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 5.84% | 8.77% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.66% | 11.01% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.35% | 13.48% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 15.22% | -3.87% |
TLTW vs. RODM - Expense Ratio Comparison
TLTW has a 0.35% expense ratio, which is higher than RODM's 0.29% expense ratio.
Dividends
TLTW vs. RODM - Dividend Comparison
TLTW's dividend yield for the trailing twelve months is around 11.67%, more 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% |
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
TLTW and RODM 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, TLTW dropped -18.61% vs RODM's -35.98%.
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.
TLTW is categorized as Derivative Income, while RODM is Foreign Large Cap Equities. TLTW tracks CBOE TLT 2% OTM Buywrite Index (USD), while RODM tracks Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. They also come from different issuers: iShares and Hartford. Their fees differ too: 0.35% for TLTW and 0.29% for RODM.
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.
Find the right allocation for TLTW and RODM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer