IVV vs OMFL
iShares Core S&P 500 ETF vs Invesco Russell 1000 Dynamic Multifactor ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. OMFL offers more diversification with 635 holdings.
Side-by-Side Comparison
| Metric | IVV | OMFL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $907.0B | $4.9B | |
| Dividend Yield | 1.10% | 0.81% | |
| Holdings | 508 | 635 | |
| YTD Return | +12.76% | +14.98% | |
| 1Y Return | +20.63% | +20.34% | |
| 3Y Return (annualized) | +21.71% | +14.70% | |
| 5Y Return (annualized) | +12.87% | +9.13% | |
| Volatility (annualized) | 15.1% | 17.4% | |
| Max Drawdown | -56.5% | -33.2% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Nov 8, 2017 |
IVV vs OMFL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a ETF from Invesco (US). Over the past year IVV returned +20.63% while OMFL returned +20.34%. Year to date, IVV is up 12.76% versus a gain of 14.98% for OMFL.
Over three years, IVV compounded at +21.71% per year against +14.70% for OMFL; over five years the annualized figures are +12.87% and +9.13% respectively. Across the full 9-year window we track, OMFL has the edge at +14.05% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OMFL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.1% 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 -56.5% for IVV and -33.2% for OMFL. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 1.10% against 0.81% for OMFL.
Holdings Overlap
IVV and OMFL share 368 holdings out of 708 unique holdings combined, representing a 63.1% weight overlap.
High overlap means holding both may not provide much additional diversification.
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. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or OMFL?
Over the past year IVV returned +20.63% vs +20.34% for OMFL, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +6.99% vs +14.05% for OMFL. Past performance does not guarantee future results.
Which is riskier, IVV or OMFL?
OMFL has been the more volatile fund at 17.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% 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. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and OMFL?
IVV and OMFL share 368 common holdings with a 63.1% weight overlap. Combined, they hold 708 unique securities.
Which pays a higher dividend, IVV or OMFL?
IVV yields 1.10% while OMFL yields 0.81%, so IVV currently pays the higher dividend yield.
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