IVV vs OMFL
iShares Core S&P 500 ETF vs Invesco Russell 1000 Dynamic Multifactor ETF
Which is better, IVV or OMFL?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, OMFL over 1Y. The two have moved almost in lockstep, correlation 0.90. OMFL is less concentrated, with 36.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | OMFL |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.29% |
| AUM | $876.4B | $4.8B |
| Dividend Yield | 1.06% | 0.81% |
| Holdings | 508 | 635 |
| YTD Return | +12.01% | +13.17%Best |
| 1Y Return | +16.48% | +16.56%Best |
| 3Y Return (annualized) | +21.21%Best | +14.96% |
| 5Y Return (annualized) | +12.95%Best | +9.38% |
| Volatility (annualized) | 16.3%Best | 17.3% |
| Max Drawdown | -33.9% | -33.2%Best |
| $10,000 over 5 years | $18,384Best | $15,656 |
| Top 10 Weight | 37.8% | 36.3%Best |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2017 to Sep 14, 2026 (8.8 years).
IVV vs OMFL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 8.8 years both funds cover.
IVV vs OMFL Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US). Over the past year IVV returned +16.48% while OMFL returned +16.56%. Year to date, IVV is up 12.01% versus a gain of 13.17% for OMFL.
Over three years, IVV compounded at +21.21% per year against +14.96% for OMFL; over five years the annualized figures are +12.95% and +9.38% respectively. Across the full 9-year window we track, IVV has the edge at +13.96% annualized vs +13.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OMFL has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 16.3% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.9% for IVV and -33.2% for OMFL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while OMFL charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.81% for OMFL.
Holdings Overlap
88.8% of IVV's money is in holdings OMFL also owns. 91.9% of OMFL's money is in holdings IVV also owns.
Most of OMFL is already inside IVV. Owning both mostly buys the same companies twice.
362 positions in common, counted across the 490 positions we hold weights for in IVV and 571 in OMFL, against full books of 508 and 635.
What only one of them owns
Our book lists 188 positions for OMFL that do not appear in our book for IVV (6.0% of the fund), and 122 for IVV that do not appear in OMFL (9.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IVV | Weight in OMFL | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 8.52% | 1.50% |
| NVDANvidia Corp | 8.07% | 5.21% | 2.86% |
| MSFTMicrosoft Corp | 5.69% | 6.46% | 0.77% |
| GOOGLAlphabet Inc,class A | 3.00% | 2.94% | 0.06% |
| AMZNAmazon.Com Inc | 3.84% | 1.94% | 1.90% |
| GOOGAlphabet Inc | 2.39% | 2.37% | 0.02% |
| VVisa Inc Class A | 0.95% | 3.00% | 2.05% |
| AVGOBroadcom Inc | 2.65% | 0.85% | 1.80% |
| LLYEli Lilly & Co. | 1.38% | 1.92% | 0.54% |
| MAMastercard Inc | 0.72% | 2.31% | 1.59% |
91.9% of OMFL is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or OMFL?
IVV has an expense ratio of 0.03% while OMFL charges 0.29%. IVV is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, IVV or OMFL?
Over the past year IVV returned +16.48% vs +16.56% for OMFL, so OMFL leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +13.96% vs +13.75% for OMFL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or OMFL?
OMFL has been the more volatile fund at 17.3% annualized versus 16.3% for IVV. Worst drawdown: IVV -33.9% vs OMFL -33.2%.
Should I hold both IVV and OMFL?
IVV and OMFL have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and OMFL?
91.9% of OMFL's money is in holdings IVV also owns. 91.9% of OMFL's is in holdings IVV also owns. They hold 362 positions in common, counted across the 490 positions we hold weights for in IVV and 571 in OMFL.
Which pays a higher dividend, IVV or OMFL?
IVV yields 1.06% while OMFL yields 0.81%, so IVV currently pays the higher dividend yield.
Is OMFL better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, OMFL over 1Y. The two have moved almost in lockstep, correlation 0.90. OMFL is less concentrated, with 36.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.