TRFM vs. TIIV

Last updated Jul 15, 2026

TRFM (AAM Transformers ETF) and TIIV (AAM Todd International Intrinsic Value ETF) are both exchange-traded funds - TRFM is a Technology Equities fund tracking the Pence Transformers Index - Benchmark TR Gross, while TIIV is a Actively Managed fund actively managed by AAM. TRFM is passively managed, while TIIV is actively managed. A 0.67 correlation means they provide meaningful diversification when combined. TRFM charges 0.49%/yr vs 0.54%/yr for TIIV.

Performance

TRFM vs. TIIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Transformers ETF (TRFM) and AAM Todd International Intrinsic Value ETF (TIIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRFM achieves a 26.90% return, which is significantly higher than TIIV's 12.41% return.

TRFM

• 1D: 1.17%
• 1M: 1.21%
• 6M: 20.00%
• YTD: 26.90%
• 1Y: 40.89%
• 3Y*: 26.75%
• 5Y*: —
• 10Y*: —

TIIV

• 1D: 0.64%
• 1M: 2.07%
• 6M: 9.03%
• YTD: 12.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRFM vs. TIIV - Yearly Performance Comparison

	2026 (YTD)	2025
TRFM AAM Transformers ETF	26.90%	8.07%
TIIV AAM Todd International Intrinsic Value ETF	12.41%	10.83%

Correlation

The correlation between TRFM and TIIV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	0.67

Return for Risk

TRFM vs. TIIV — Risk / Return Rank

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

TRFM

TRFM Risk / Return Rank: 64
TRFM Sharpe Ratio Rank: 63
TRFM Sortino Ratio Rank: 56
TRFM Omega Ratio Rank: 55
TRFM Calmar Ratio Rank: 77
TRFM Martin Ratio Rank: 69

TIIV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

TRFM vs. TIIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Transformers ETF (TRFM) and AAM Todd International Intrinsic Value ETF (TIIV). 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.

	TRFM	TIIV	Difference
Sharpe ratio: Return per unit of total volatility	1.65	—	—
Sortino ratio: Return per unit of downside risk	2.17	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	10.05	—	—

Drawdowns

TRFM vs. TIIV - Drawdown Comparison

The maximum TRFM drawdown since its inception was -28.40%, which is greater than TIIV's maximum drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for TRFM and TIIV.

Drawdown Indicators

	TRFM	TIIV	Difference
Max Drawdown Largest peak-to-trough decline	-28.40%	-9.68%	-18.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.40%	—	—
Current Drawdown Current decline from peak	-4.27%	0.00%	-4.27%
Average Drawdown Average peak-to-trough decline	-6.54%	-1.85%	-4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	—	—

Volatility

Volatility by Period

	TRFM	TIIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.90%	14.55%	+10.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.27%	14.55%	+12.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.27%	14.55%	+12.72%

TRFM vs. TIIV - Expense Ratio Comparison

TRFM has a 0.49% expense ratio, which is lower than TIIV's 0.54% expense ratio.

Dividends

TRFM vs. TIIV - Dividend Comparison

TRFM's dividend yield for the trailing twelve months is around 0.13%, less than TIIV's 3.17% yield.

Position	TTM	2025
TIIV AAM Todd International Intrinsic Value ETF	3.17%	2.33%
TRFM AAM Transformers ETF	0.13%	0.17%

Frequently Asked Questions

Can I hold both TRFM and TIIV in my portfolio?

TRFM and TIIV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TRFM or TIIV?

On fees, TRFM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TRFM or TIIV?

TRFM is cheaper with a 0.49% expense ratio, compared with 0.54% for TIIV.

Which ETF pays a higher dividend yield, TRFM or TIIV?

TIIV has the higher dividend yield at 3.17%, compared with 0.13% for TRFM.

What is the main difference between TRFM and TIIV?

TRFM is categorized as Technology Equities, while TIIV is Actively Managed. Their fees differ too: 0.49% for TRFM and 0.54% for TIIV.