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 92 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Global X U.S. 500 ETF | 0.02% | 4.56M | Sep 2025 | OMFL vs GXLC | |
| JPMorgan BetaBuilders U.S. Equity ETF | 0.02% | 8.68B | Mar 2019 | OMFL vs BBUS | |
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | 0.03% | 13.65B | Oct 2000 | OMFL vs SPTM | |
| Franklin U.S. Equity Index ETF | 0.03% | 2.01B | Jun 2016 | OMFL vs USPX | |
| Schwab U.S. Large-Cap ETF | 0.03% | 72.77B | Nov 2009 | OMFL vs SCHX |
Best Risk-Adjusted Alternatives to OMFL
OMFL has a PortfoliosLab risk / return rank of 68. There are 53 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ARS Focused Opportunities Strategy ETF | 95 | 293.98M | Jun 2025 | OMFL vs AFOS | |
| Invesco RAFI Strategic US ETF | 94 | 894.46M | Sep 2018 | OMFL vs IUS | |
| Return Stacked US Stocks & Futures Yield ETF | 93 | — | May 2024 | OMFL vs RSSY | |
| Avantis Inflation Focused Equity ETF | 92 | 10.66M | Sep 2022 | OMFL vs AVIE | |
| PIMCO RAFI ESG U.S. ETF | 89 | 160.47M | Dec 2019 | OMFL vs RAFE |
Top Performing OMFL Alternatives (YTD)
OMFL is at 13.25% YTD. There are 52 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 40.20%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Aztlan North America Nearshoring Stock Selection E... | 40.20% | 33.11M | Nov 2023 | OMFL vs NRSH | |
| Mohr Company Nav ETF | 35.88% | — | Sep 2024 | OMFL vs CNAV | |
| Return Stacked US Stocks & Futures Yield ETF | 31.93% | — | May 2024 | OMFL vs RSSY | |
| ARS Focused Opportunities Strategy ETF | 29.03% | 293.98M | Jun 2025 | OMFL vs AFOS | |
| iShares MSCI USA Momentum Factor ETF | 25.95% | 27.36B | Apr 2013 | OMFL vs MTUM |
Lowest Volatility Alternatives to OMFL
OMFL has 12.50% 1-year volatility. There are 76 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 6.37%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | 6.37% | 42.09M | May 2023 | OMFL vs BDGS | |
| Azoria 500 Meritocracy ETF | 7.68% | — | Jul 2025 | OMFL vs SPXM | |
| iShares MSCI USA Min Vol Factor ETF | 8.48% | 23.36B | Oct 2011 | OMFL vs USMV | |
| 6 Meridian Mega Cap Equity ETF | 8.87% | 402.23M | May 2020 | OMFL vs SIXA | |
| SEI Enhanced Low Volatility US Large Cap ETF | 9.26% | 168.13M | May 2022 | OMFL vs SELV |
Lowest Drawdown Alternatives to OMFL
OMFL has a 1-year max drawdown of -7.58%. There are 35 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -4.03%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -4.03% | 42.09M | May 2023 | OMFL vs BDGS | |
| Avantis Inflation Focused Equity ETF | -4.97% | 10.66M | 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 | |
| SEI Enhanced Low Volatility US Large Cap ETF | -5.92% | 168.13M | May 2022 | OMFL vs SELV |
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 $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | OMFL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | OMFL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | OMFL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | OMFL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | OMFL vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | OMFL vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | OMFL vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | OMFL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | OMFL vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | OMFL vs PPA |
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