OMFS vs SPY
OMFS vs SPY
Invesco Russell 2000 Dynamic Multifactor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. OMFS delivered stronger 1-year returns. OMFS offers more diversification with 909 holdings.
Side-by-Side Comparison
| Metric | OMFS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $283M | $789.1B | |
| Dividend Yield | 1.07% | 1.01% | |
| Holdings | 1,109 | 505 | |
| YTD Return | +19.59% | +13.79% | |
| 1Y Return | +32.96% | +23.66% | |
| 3Y Return (annualized) | +13.34% | +21.40% | |
| 5Y Return (annualized) | +7.29% | +13.37% | |
| Volatility (annualized) | 21.3% | 15.3% | |
| Max Drawdown | -42.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Jan 22, 1993 |
OMFS vs SPY Performance
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year OMFS returned +32.96% while SPY returned +23.66%. Year to date, OMFS is up 19.59% versus a gain of 13.79% for SPY.
Over three years, OMFS compounded at +13.34% per year against +21.40% for SPY; over five years the annualized figures are +7.29% and +13.37% respectively. Across the full 9-year window we track, OMFS has the edge at +10.49% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OMFS has been the more volatile fund, with annualized monthly volatility of 21.3% compared with 15.3% for SPY. 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 -42.5% for OMFS and -56.5% for SPY. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OMFS charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, OMFS currently yields 1.07% against 1.01% for SPY.
Holdings Overlap
OMFS and SPY share 1 holdings out of 1411 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OMFS | Weight in SPY | Difference |
|---|---|---|---|
| AOS | 0.01% | 0.01% | 0.00% |
Frequently Asked Questions
Which is cheaper, OMFS or SPY?
OMFS has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, OMFS or SPY?
Over the past year OMFS returned +32.96% vs +23.66% for SPY, so OMFS leads on 1-year performance. Over the longest common window we track (9 years), OMFS annualized +10.49% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, OMFS or SPY?
OMFS has been the more volatile fund at 21.3% annualized versus 15.3% for SPY. Worst drawdown: OMFS -42.5% vs SPY -56.5%.
Should I hold both OMFS and SPY?
OMFS and SPY have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OMFS and SPY?
OMFS and SPY share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1411 unique securities.
Which pays a higher dividend, OMFS or SPY?
OMFS yields 1.07% while SPY yields 1.01%, so OMFS currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.