ALTL vs. OMFL
Compare and contrast key facts about Pacer Lunt Large Cap Alternator ETF (ALTL) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).
ALTL and OMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTL is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020. OMFL is a passively managed fund by Invesco that tracks the performance of the Russell 1000 OFI Dynamic Multifactor Index. It was launched on Nov 8, 2017. Both ALTL and OMFL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTL or OMFL.
Correlation
The correlation between ALTL and OMFL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ALTL vs. OMFL - Performance Comparison
Key characteristics
ALTL:
1.16
OMFL:
0.85
ALTL:
1.61
OMFL:
1.20
ALTL:
1.22
OMFL:
1.15
ALTL:
0.49
OMFL:
0.89
ALTL:
5.76
OMFL:
2.65
ALTL:
2.26%
OMFL:
4.50%
ALTL:
11.02%
OMFL:
13.98%
ALTL:
-31.91%
OMFL:
-33.24%
ALTL:
-14.96%
OMFL:
-0.39%
Returns By Period
In the year-to-date period, ALTL achieves a 2.50% return, which is significantly lower than OMFL's 3.78% return.
ALTL
2.50%
0.71%
5.84%
14.80%
N/A
N/A
OMFL
3.78%
2.98%
15.18%
13.41%
13.23%
N/A
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ALTL vs. OMFL - Expense Ratio Comparison
ALTL has a 0.60% expense ratio, which is higher than OMFL's 0.29% expense ratio.
Risk-Adjusted Performance
ALTL vs. OMFL — Risk-Adjusted Performance Rank
ALTL
OMFL
ALTL vs. OMFL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ALTL vs. OMFL - Dividend Comparison
ALTL's dividend yield for the trailing twelve months is around 1.52%, more than OMFL's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ALTL Pacer Lunt Large Cap Alternator ETF | 1.52% | 1.56% | 1.28% | 1.23% | 1.06% | 0.75% | 0.00% | 0.00% | 0.00% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.18% | 1.22% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% |
Drawdowns
ALTL vs. OMFL - Drawdown Comparison
The maximum ALTL drawdown since its inception was -31.91%, roughly equal to the maximum OMFL drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for ALTL and OMFL. For additional features, visit the drawdowns tool.
Volatility
ALTL vs. OMFL - Volatility Comparison
Pacer Lunt Large Cap Alternator ETF (ALTL) has a higher volatility of 6.83% compared to Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) at 3.04%. This indicates that ALTL's price experiences larger fluctuations and is considered to be riskier than OMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.