RODE
Hartford Multifactor Diversified International ETF
The Hartford Multifactor Low Volatility International Equity ETF tracks an index of global ex-US stocks that exhibit low volatility, with constraints for neutral or positive factor exposure and marketlike portfolio characteristics.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
18.5 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Hartford |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | May 10, 2017 |
| Assets (mns) | $18 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| JB HI-FI LTD | 1.1 % |
| SANOFI-AVENTIS | 1.1 % |
| SOLVAY SA | 1.0 % |
| ROCHE HOLDING AG-BR | 1.0 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| NOVARTIS AG | 0.9 % |
| AUST AND NZ BANKING GROUP | 0.9 % |
| ROYAL AHOLD DELHAIZE N.V. | 0.9 % |
| CHINA CONSTRUCTION BANK-H | 0.9 % |
| LENOVO GROUP LTD | 0.9 % |
Constituent Breakdown
| Number of holdings | 343 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $42,209 |
| Large cap (>$10bn) | 63.1% |
| Mid cap ($2-10bn) | 31.6% |
| Small cap (<$2bn) | 3.7% |
| Developed mkts. | 66.7% |
| Emerging mkts. | 33.3% |
Country Exposure
 |
JAPAN | 15.5 % |
 |
TAIWAN | 8.0 % |
 |
AUSTRALIA | 6.9 % |
 |
CHINA | 6.9 % |
 |
BRITAIN | 4.7 % |
 |
SOUTH KOREA | 4.7 % |
 |
FRANCE | 4.7 % |
 |
HONG KONG | 3.9 % |
 |
CANADA | 3.8 % |
 |
SWITZERLAND | 3.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.2% | 18.9% | 16.8% | 3.3% | 4.6% | -- | 4.7% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 68% |
| MSCI EAFE | 0.88 | 95% |
| MSCI Emg Mkts | 0.80 | 75% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.42% |
| ADV of underlying (mns) | $28,280 |
Technical Indicators
| Recent close | $28.45 |
| 30d moving avg. | $29.51 |
| Annualized volatility | 16.0% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. RODE |
Expenses vs. RODE |
ALTAR Score™ vs. RODE |
|---|---|---|---|---|
| RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 44.6% | 0 bp | -3.2% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 32.2% | +15 bp | +4.1% |
| VYMI | Vanguard International High Dividend Yield ETF | 25.9% | -7 bp | -2.0% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 25.8% | -4 bp | -4.6% |
| IQIN | IQ 500 International ETF | 25.6% | -4 bp | -2.7% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 24.4% | -20 bp | -3.7% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 24.3% | -9 bp | -4.8% |
| BKIE | BNY Mellon International Equity ETF | 24.2% | -25 bp | -4.7% |
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 24.0% | +11 bp | -3.9% |
| FNDF | Schwab Fundamental International Large Co. Index ETF | 23.9% | -4 bp | -2.0% |
Risk and Returns: RODE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
RODE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
RODE
11.8%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. RODE's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places RODE in the 96th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
RODESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| RODE (29 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| RODE | 29.0 | 41.5 | 70.5 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .