Underlying Holdings Performance: RODM.US tracks an index, so the performance of the companies within that index directly impacts its price.

Supply and Demand: Increased buying pressure pushes the price up, while increased selling pressure pulls it down. This is influenced by investor sentiment.

Market Sentiment: Overall market optimism or pessimism towards emerging markets and the specific sectors represented in RODM.US affects demand and price.

Currency Fluctuations: As RODM.US invests in international assets, changes in currency exchange rates impact the USD value of its holdings.

Expense Ratio: While not a direct price driver, a higher expense ratio can slightly reduce returns compared to a similar ETF with a lower expense ratio.

Geopolitical Events: Political instability, economic changes, or regulatory shifts in emerging markets can significantly affect the value of the underlying holdings.

Interest Rates: Changes in global interest rates, especially in the countries where RODM.US invests, can influence market valuations and investor decisions.