OMFL vs QQQ
Invesco Russell 1000 Dynamic Multifactor ETF vs Invesco QQQ Trust, Series 1
Which is better, OMFL or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. OMFL is less concentrated, with 36.0% of the fund in its ten largest positions against 46.5%.
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 | OMFL | QQQ |
|---|---|---|
| Expense Ratio | 0.29% | 0.18%Best |
| AUM | $4.8B | $483.5B |
| Dividend Yield | 0.81% | 0.44% |
| Holdings | 635 | 107 |
| YTD Return | +13.18% | +16.87%Best |
| 1Y Return | +16.70% | +22.98%Best |
| 3Y Return (annualized) | +14.69% | +24.98%Best |
| 5Y Return (annualized) | +9.16% | +14.39%Best |
| Volatility (annualized) | 17.3%Best | 20.0% |
| Max Drawdown | -33.2%Best | -35.1% |
| $10,000 over 5 years | $15,499 | $19,586Best |
| Top 10 Weight | 36.0%Best | 46.5% |
| Fund Family | Invesco (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2017 to Sep 11, 2026 (8.8 years).
OMFL vs QQQ 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.
OMFL vs QQQ Performance
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year OMFL returned +16.70% while QQQ returned +22.98%. Year to date, OMFL is up 13.18% versus a gain of 16.87% for QQQ.
Over three years, OMFL compounded at +14.69% per year against +24.98% for QQQ; over five years the annualized figures are +9.16% and +14.39% respectively. Across the full 9-year window we track, QQQ has the edge at +19.44% annualized vs +13.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.0% compared with 17.3% for OMFL. 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 -33.2% for OMFL and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OMFL charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, OMFL currently yields 0.81% against 0.44% for QQQ.
Holdings Overlap
50.3% of OMFL's money is in holdings QQQ also owns. 85.4% of QQQ's money is in holdings OMFL also owns.
Most of QQQ is already inside OMFL. Owning both mostly buys the same companies twice.
77 positions in common, counted across the 578 positions we hold weights for in OMFL and 102 in QQQ, against full books of 635 and 107.
What only one of them owns
Our book lists 18 positions for QQQ that do not appear in our book for OMFL (11.6% of the fund), and 477 for OMFL that do not appear in QQQ (47.7%).
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 OMFL | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 8.26% | 7.27% | 0.99% |
| NVDANvidia Corp. | 4.96% | 8.44% | 3.48% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.21% | 5.76% | 0.45% |
| AMZNAmazon.Com Inc | 2.05% | 4.67% | 2.62% |
| GOOGLAlphabet A Usd 0.001 | 3.24% | 3.36% | 0.12% |
| GOOGAlphabet Inc | 2.63% | 3.13% | 0.50% |
| MUMicron Technology, Inc. | 0.89% | 4.43% | 3.54% |
| AVGOBroadcom Inc | 0.96% | 3.16% | 2.20% |
| METAMeta Platforms, Inc. | 1.12% | 2.78% | 1.66% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.72% | 2.10% | 0.38% |
85.4% of QQQ is already inside OMFL.
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, OMFL or QQQ?
OMFL has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, OMFL or QQQ?
Over the past year OMFL returned +16.70% vs +22.98% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), OMFL annualized +13.77% vs +19.44% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OMFL or QQQ?
QQQ has been the more volatile fund at 20.0% annualized versus 17.3% for OMFL. Worst drawdown: OMFL -33.2% vs QQQ -35.1%.
Should I hold both OMFL and QQQ?
OMFL and QQQ have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OMFL and QQQ?
85.4% of QQQ's money is in holdings OMFL also owns. 85.4% of QQQ's is in holdings OMFL also owns. They hold 77 positions in common, counted across the 578 positions we hold weights for in OMFL and 102 in QQQ.
Which pays a higher dividend, OMFL or QQQ?
OMFL yields 0.81% while QQQ yields 0.44%, so OMFL currently pays the higher dividend yield.
Is QQQ better than OMFL?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. OMFL is less concentrated, with 36.0% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.