Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with OMFL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OMFL
OMFL charges 0.29% annually. There are 93 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | 8.89B | Mar 2019 | OMFL vs BBUS | |
| Global X U.S. 500 ETF | 0.02% | 4.50M | Sep 2025 | OMFL vs GXLC | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.03% | 13.48B | Oct 2000 | OMFL vs SPTM | |
| Franklin U.S. Equity Index ETF | 0.03% | 2.00B | Jun 2016 | OMFL vs USPX | |
| Schwab 1000 Index ETF | 0.03% | 5.72B | Oct 2017 | OMFL vs SCHK |
Best Risk-Adjusted Alternatives to OMFL
OMFL has a PortfoliosLab risk / return rank of 80. There are 50 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco RAFI Strategic US ETF | 96 | 927.09M | Sep 2018 | OMFL vs IUS | |
| Avantis Inflation Focused Equity ETF | 96 | 12.36M | Sep 2022 | OMFL vs AVIE | |
| ARS Focused Opportunities Strategy ETF | 94 | 293.98M | Jun 2025 | OMFL vs AFOS | |
| PIMCO RAFI ESG U.S. ETF | 94 | 160.47M | Dec 2019 | OMFL vs RAFE | |
| Essential 40 Stock ETF | 94 | 180.66M | Jun 2014 | OMFL vs ESN |
Top Performing OMFL Alternatives (YTD)
OMFL is at 14.92% YTD. There are 43 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 35.88%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Aztlan North America Nearshoring Stock Selection E... | 35.88% | 33.11M | Nov 2023 | OMFL vs NRSH | |
| Return Stacked US Stocks & Futures Yield ETF | 30.52% | — | May 2024 | OMFL vs RSSY | |
| ARS Focused Opportunities Strategy ETF | 30.16% | 293.98M | Jun 2025 | OMFL vs AFOS | |
| Mohr Company Nav ETF | 26.09% | — | Sep 2024 | OMFL vs CNAV | |
| First Trust Bloomberg Inflation Sensitive Equity E... | 23.66% | 5.62M | Mar 2023 | OMFL vs FTIF |
Lowest Volatility Alternatives to OMFL
OMFL has 12.61% 1-year volatility. There are 67 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 7.38%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Azoria 500 Meritocracy ETF | 7.38% | — | Jul 2025 | OMFL vs SPXM | |
| 6 Meridian Mega Cap Equity ETF | 9.02% | 402.23M | May 2020 | OMFL vs SIXA | |
| State Street SPDR MSCI USA StrategicFactors ETF | 9.22% | 1.53B | Apr 2015 | OMFL vs QUS | |
| Liberty One Spectrum ETF | 9.36% | 65.78M | Sep 2025 | OMFL vs SPCT | |
| ALPS Equal Sector Weight ETF | 9.47% | 744.97M | Jul 2009 | OMFL vs EQL |
Lowest Drawdown Alternatives to OMFL
OMFL has a 1-year max drawdown of -7.58%. There are 27 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -4.97%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Avantis Inflation Focused Equity ETF | -4.97% | 12.36M | Sep 2022 | OMFL vs AVIE | |
| Azoria 500 Meritocracy ETF | -5.08% | — | Jul 2025 | OMFL vs SPXM | |
| 6 Meridian Mega Cap Equity ETF | -5.59% | 402.23M | May 2020 | OMFL vs SIXA | |
| Invesco RAFI Strategic US ETF | -6.15% | 927.09M | Sep 2018 | OMFL vs IUS | |
| ALPS Equal Sector Weight ETF | -6.19% | 744.97M | Jul 2009 | OMFL vs EQL |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $453B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 14.23% | 452.80B | Mar 1999 | OMFL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.35% | 21.05B | Oct 2015 | OMFL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 14.26% | 97.11B | Oct 2020 | OMFL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 79 | 14.26% | 96.96B | Apr 2003 | OMFL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 88 | 61.64% | 2.58B | Jun 2021 | OMFL vs SOXQ | |
| Invesco S&P 500 Quality ETF | Quality Factor, S&P 500, Large Cap Blend Equities | 65 | 14.14% | 19.45B | Dec 2005 | OMFL vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 45 | 4.68% | 10.56B | May 2005 | OMFL vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Low Volatility | 55 | 12.76% | 4.04B | Oct 2012 | OMFL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 44 | 13.32% | 7.18B | Mar 2005 | OMFL vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 58 | 11.63% | 4.08B | Feb 2012 | OMFL vs IDMO |
Often Compared With OMFL
Investors most often compare OMFL with SPGP, OMFS, SCHD. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare OMFL with Any Fund or Stock
Compare OMFL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OMFL with funds that move differently
Invesco Russell 1000 Dynamic Multifactor ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OMFL.
Explore OMFL Diversifiers