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ETFs

Hartford Multifactor Diversified International ETF

RODE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 10 2017
Expense Ratio
0.29%
Type
Global Equities
Fund Owner
Hartford Funds
Volume (1m avg. daily)
$4,930
AUM
$18,004,000
Associated Index
Hartford Multifactor Diversified International Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CNA
Centrica plc
1.06%
2385
Chicony Electronics
1.02%
STLAM
Stellantis N.V
0.99%
SAN
Sanofi
0.98%
JBH
JB HI-FI
0.98%
000270
Kia Corporation
0.96%
AD
Koninklijke Ahold Delhaize N.V.
0.93%
SPK
Spark New Zealand Limited
0.93%
HSBA
HSBC Holdings plc
0.90%
ROG
Roche Holding AG
0.89%
Invest with RODE

What is RODE?

Hartford Multifactor Diversified International ETF ("RODE") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in both developed and emerging markets. The rules-based proprietary methodology utilizes an optimization process to help achieve the desired composition and targeted characteristics, including reduced volatility, relative sector, country and size constraints and positive value, momentum, and quality relative factor scores at the portfolio level.

ETFs related toRODE

ETFs correlated to RODE include DFAX, VEU, VXUS

RODE
Lattice Strategies Trust - Hartford Multifactor Diversified International ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
VSGX
Vanguard Group, Inc. - Vanguard ESG International Stock ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRODE

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DGE

Diversify with Global Exposure

Category

Momentum, Tactical Asset Allocation, Go Global, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with RODE using Composer

FAQ

RODE is a Global Equities ETF. Hartford Multifactor Diversified International ETF ("RODE") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in both developed and emerging markets. The rules-based proprietary methodology utilizes an optimization process to help achieve the desired composition and targeted characteristics, including reduced volatility, relative sector, country and size constraints and positive value, momentum, and quality relative factor scores at the portfolio level.

RODE tracks the Hartford Multifactor Diversified International Index.

No, RODE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, RODE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RODE is 0.0141%. This is the percent change in the value of RODE over the most recent 1-month period. The 3-month return on RODE is 0.0132%. This is the percent change in the value of RODE over the most recent 3-month period.

The standard deviation of RODE for the past year is 0.147%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RODE include PBW, IGF, and ARKK.

ETFs correlated to RODE include DFAX, VEU, and VXUS.

ETFs that are inversely correlated to RODE include EFZ, EPV, and EDZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.