OMFL vs TILT
Invesco Russell 1000 Dynamic Multifactor ETF vs Northern Trust Morningstar US Market Factor Tilt ETF
Which is better, OMFL or TILT?
Each has led over a different period.
TILT has a lower expense ratio. OMFL led over 1Y and the full window, TILT over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. TILT is less concentrated, with 25.0% of the fund in its ten largest positions against 36.5%.
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 | TILT |
|---|---|---|
| Expense Ratio | 0.29% | 0.25%Best |
| AUM | $4.7B | $2.2B |
| Dividend Yield | 0.82% | 1.07% |
| Holdings | 637 | 3,827 |
| YTD Return | +15.52%Best | +11.55% |
| 1Y Return | +19.49%Best | +14.46% |
| 3Y Return (annualized) | +15.50% | +19.22%Best |
| 5Y Return (annualized) | +8.15% | +9.95%Best |
| Volatility (annualized) | 17.1%Best | 17.6% |
| Max Drawdown | -33.2%Best | -38.5% |
| $10,000 over 5 years | $14,796 | $16,069Best |
| Top 10 Weight | 36.5% | 25.0%Best |
| Fund Family | Invesco (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2017 | Sep 16, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2017 to Nov 13, 2026 (9 years).
OMFL vs TILT 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 9 years both funds cover.
OMFL vs TILT Performance
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US) and Northern Trust Morningstar US Market Factor Tilt ETF (TILT) is an ETF from Northern Trust Asset Management. Over the past year OMFL returned +19.49% while TILT returned +14.46%. Year to date, OMFL is up 15.52% versus a gain of 11.55% for TILT.
Over three years, OMFL compounded at +15.50% per year against +19.22% for TILT; over five years the annualized figures are +8.15% and +9.95% respectively. Across the full 9-year window we track, OMFL has the edge at +13.75% annualized vs +12.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TILT has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 17.1% 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 -38.5% for TILT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
OMFL charges 0.29% per year while TILT charges 0.25%. On a $10,000 position that is $29 vs $25 annually, a gap of $4 per year that compounds over a long holding period. On income, OMFL currently yields 0.82% against 1.07% for TILT.
Holdings Overlap
98.5% of OMFL's money is in holdings TILT also owns. 73.9% of TILT's money is in holdings OMFL also owns.
Most of OMFL is already inside TILT. Owning both mostly buys the same companies twice.
605 positions in common, counted across the 633 positions we hold weights for in OMFL and 1,887 in TILT, against full books of 637 and 3,827.
What only one of them owns
Our book lists 938 positions for TILT that do not appear in our book for OMFL (24.4% of the fund), and 19 for OMFL that do not appear in TILT (1.5%).
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 TILT | Difference |
|---|---|---|---|
| AAPLApple, Inc | 9.27% | 5.06% | 4.21% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 6.63% | 3.86% | 2.77% |
| NVDANvidia Corp. | 4.83% | 4.83% | 0.00% |
| AMZNAmazon.Com Inc | 1.79% | 2.49% | 0.70% |
| GOOGLAlphabet Inc | 2.42% | 1.67% | 0.75% |
| VVisa Inc | 3.26% | 0.74% | 2.52% |
| LLYEli Lilly & Co. | 2.35% | 1.16% | 1.19% |
| GOOGAlphabet Inc | 1.96% | 1.35% | 0.61% |
| MAMastercard Inc | 2.49% | 0.54% | 1.95% |
| METAMeta Platform Inc | 1.18% | 1.70% | 0.52% |
98.5% of OMFL is already inside TILT.
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 TILT?
OMFL has an expense ratio of 0.29% while TILT charges 0.25%. TILT is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, OMFL or TILT?
Over the past year OMFL returned +19.49% vs +14.46% for TILT, so OMFL leads on 1-year performance. Over the longest common window we track (9 years), OMFL annualized +13.75% vs +12.64% for TILT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OMFL or TILT?
TILT has been the more volatile fund at 17.6% annualized versus 17.1% for OMFL. Worst drawdown: OMFL -33.2% vs TILT -38.5%.
Should I hold both OMFL and TILT?
OMFL and TILT have a monthly-return correlation of 0.92, 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 OMFL and TILT?
98.5% of OMFL's money is in holdings TILT also owns. 73.9% of TILT's is in holdings OMFL also owns. They hold 605 positions in common, counted across the 633 positions we hold weights for in OMFL and 1,887 in TILT.
Which pays a higher dividend, OMFL or TILT?
OMFL yields 0.82% while TILT yields 1.07%, so TILT currently pays the higher dividend yield.
Is TILT better than OMFL?
TILT has a lower expense ratio. OMFL led over 1Y and the full window, TILT over 3Y and 5Y. The two have moved almost in lockstep, correlation 0.92. TILT is less concentrated, with 25.0% of the fund in its ten largest positions against 36.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.