VMAX vs. RODM

Last updated Jun 4, 2026

VMAX (Hartford US Value ETF) and RODM (Hartford Multifactor Developed Markets (ex-US) ETF) are both exchange-traded funds - VMAX is a Large Cap Value Equities fund actively managed by Hartford, while RODM is a Foreign Large Cap Equities fund tracking the Hartford Risk-Optimized Multifactor Developed Markets (ex-US) Index. VMAX is actively managed, while RODM is passively managed. Over the past year, VMAX returned 27.28% vs 25.48% for RODM. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.

Performance

VMAX vs. RODM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford US Value ETF (VMAX) 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, VMAX achieves a 12.22% return, which is significantly higher than RODM's 10.99% return.

VMAX

• 1D: -0.50%
• 1M: 2.11%
• YTD: 12.22%
• 6M: 13.50%
• 1Y: 27.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RODM

• 1D: -0.22%
• 1M: 1.13%
• YTD: 10.99%
• 6M: 14.14%
• 1Y: 25.48%
• 3Y*: 20.42%
• 5Y*: 9.57%
• 10Y*: 8.89%

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

VMAX vs. RODM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VMAX Hartford US Value ETF	12.22%	15.65%	15.89%	6.98%
RODM Hartford Multifactor Developed Markets (ex-US) ETF	10.99%	34.42%	8.02%	4.92%

Correlation

The correlation between VMAX and RODM is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023	0.61

The correlation between VMAX and RODM has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.

VMAX vs. RODM - Sectors Allocation Comparison

Sectors	VMAX	RODM
Financial Services	33.3%	25.9%
Energy	12.3%	6.6%
Healthcare	11.0%	9.1%
Technology	10.8%	10.5%
Communication Services	6.7%	5.5%
Utilities	5.7%	4.9%
Industrials	5.6%	16.7%
Real Estate	4.3%	3.6%
Consumer Defensive	3.9%	4.1%
Consumer Cyclical	3.7%	5.9%
Basic Materials	2.8%	6.3%

Return for Risk

VMAX vs. RODM — Risk / Return Rank

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

VMAX

VMAX Risk / Return Rank: 75
VMAX Sharpe Ratio Rank: 67
VMAX Sortino Ratio Rank: 67
VMAX Omega Ratio Rank: 65
VMAX Calmar Ratio Rank: 90
VMAX Martin Ratio Rank: 88

RODM

RODM Risk / Return Rank: 73
RODM Sharpe Ratio Rank: 73
RODM Sortino Ratio Rank: 74
RODM Omega Ratio Rank: 73
RODM Calmar Ratio Rank: 72
RODM Martin Ratio Rank: 76

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.

VMAX vs. RODM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford US Value ETF (VMAX) 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.

	VMAX	RODM	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.39	-0.15
Sortino ratio: Return per unit of downside risk	3.07	3.35	-0.28
Omega ratio: Gain probability vs. loss probability	1.39	1.44	-0.04
Calmar ratio: Return relative to maximum drawdown	5.56	3.60	+1.95
Martin ratio: Return relative to average drawdown	19.55	14.50	+5.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMAX vs. RODM - Sharpe Ratio Comparison

The current VMAX Sharpe Ratio is 2.25, which is comparable to the RODM Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of VMAX 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.

Sharpe Ratios by Period

	VMAX	RODM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.39	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.52	+0.86

Drawdowns

VMAX vs. RODM - Drawdown Comparison

The maximum VMAX drawdown since its inception was -19.05%, smaller than the maximum RODM drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for VMAX and RODM.

Drawdown Indicators

	VMAX	RODM	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-35.98%	+16.93%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-7.10%	+2.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.98%	—
Current Drawdown Current decline from peak	-0.50%	-1.42%	+0.92%
Average Drawdown Average peak-to-trough decline	-2.57%	-6.38%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	1.76%	-0.36%

Volatility

VMAX vs. RODM - Volatility Comparison

The current volatility for Hartford US Value ETF (VMAX) is 2.55%, while Hartford Multifactor Developed Markets (ex-US) ETF (RODM) has a volatility of 3.12%. This indicates that VMAX 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.

Volatility by Period

	VMAX	RODM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	3.12%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	8.41%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	10.74%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	13.43%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.45%	15.24%	+0.21%

VMAX vs. RODM - Expense Ratio Comparison

Both VMAX and RODM have an expense ratio of 0.29%.

Dividends

VMAX vs. RODM - Dividend Comparison

VMAX's dividend yield for the trailing twelve months is around 1.91%, less than RODM's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RODM Hartford Multifactor Developed Markets (ex-US) ETF	2.80%	3.11%	4.09%	4.42%	3.81%	4.41%	2.82%	2.82%	2.03%	2.24%	3.19%	2.60%
VMAX Hartford US Value ETF	1.91%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VMAX and RODM in my portfolio?

VMAX and RODM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VMAX or RODM?

RODM has higher volatility (3.12%) compared to VMAX (2.55%). In terms of maximum drawdown, VMAX dropped -19.05% vs RODM's -35.98%.

Which ETF is better, VMAX or RODM?

On 1-year performance, VMAX leads with 27.28% vs 25.48% for RODM. Both ETFs have the same 0.29% expense ratio. On volatility, VMAX has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VMAX or RODM?

Over the 1-year period, VMAX has performed better with a 27.28% return vs 25.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VMAX or RODM?

VMAX and RODM have the same expense ratio: 0.29% per year.

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

RODM has the higher dividend yield at 2.80%, compared with 1.91% for VMAX.

What is the main difference between VMAX and RODM?

VMAX is categorized as Large Cap Value Equities, while RODM is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

RODM currently has the higher Sharpe Ratio (2.39 vs 2.25), 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.