IVV vs. OMFL

Last updated Jun 12, 2026

IVV (iShares Core S&P 500 ETF) and OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while OMFL is a Large Cap Blend Equities fund tracking the Russell 1000 Invesco Dynamic Multifactor Index. Both are passively managed. Over the past 5 years, IVV returned 13.30%/yr vs 8.96%/yr for OMFL. Their correlation of 0.85 suggests significant overlap in exposure. IVV charges 0.03%/yr vs 0.29%/yr for OMFL.

Performance

IVV vs. OMFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVV achieves a 8.48% return, which is significantly lower than OMFL's 11.16% return.

IVV

• 1D: 1.66%
• 1M: -0.08%
• YTD: 8.48%
• 6M: 7.66%
• 1Y: 24.15%
• 3Y*: 20.99%
• 5Y*: 13.30%
• 10Y*: 15.39%

OMFL

• 1D: 1.70%
• 1M: 0.98%
• YTD: 11.16%
• 6M: 9.67%
• 1Y: 20.69%
• 3Y*: 13.67%
• 5Y*: 8.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVV vs. OMFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVV iShares Core S&P 500 ETF	8.48%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	3.89%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF	11.16%	13.68%	6.82%	21.53%	-13.97%	28.95%	20.91%	35.58%	-2.55%	5.12%

Correlation

The correlation between IVV and OMFL is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.85

The correlation between IVV and OMFL has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

IVV vs. OMFL - Sectors Allocation Comparison

Sectors	IVV	OMFL
Technology	35.6%	31.0%
Financial Services	11.8%	11.5%
Communication Services	11.2%	11.7%
Consumer Cyclical	10.1%	9.5%
Healthcare	8.5%	10.4%
Industrials	8.3%	9.8%
Consumer Defensive	4.9%	8.8%
Energy	3.5%	3.7%
Utilities	2.4%	0.4%
Real Estate	1.9%	0.8%
Basic Materials	1.8%	2.5%

Return for Risk

IVV vs. OMFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVV

IVV Risk / Return Rank: 73
IVV Sharpe Ratio Rank: 75
IVV Sortino Ratio Rank: 72
IVV Omega Ratio Rank: 74
IVV Calmar Ratio Rank: 66
IVV Martin Ratio Rank: 78

OMFL

OMFL Risk / Return Rank: 64
OMFL Sharpe Ratio Rank: 60
OMFL Sortino Ratio Rank: 60
OMFL Omega Ratio Rank: 59
OMFL Calmar Ratio Rank: 65
OMFL Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVV vs. OMFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVV	OMFL	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.68	+0.30
Sortino ratio: Return per unit of downside risk	2.67	2.34	+0.34
Omega ratio: Gain probability vs. loss probability	1.36	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	2.73	2.74	-0.01
Martin ratio: Return relative to average drawdown	12.34	12.17	+0.17

IVV vs. OMFL - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 1.98, which is comparable to the OMFL Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of IVV and OMFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVV vs. OMFL - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, which is greater than OMFL's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for IVV and OMFL.

Drawdown Indicators

	IVV	OMFL	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-33.24%	-22.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-7.58%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-15.52%	-3.23%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-22.44%	-2.09%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-2.88%	-1.65%	-1.23%
Average Drawdown Average peak-to-trough decline	-10.77%	-4.79%	-5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.70%	+0.26%

Volatility

IVV vs. OMFL - Volatility Comparison

iShares Core S&P 500 ETF (IVV) has a higher volatility of 4.37% compared to Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) at 3.69%. This indicates that IVV'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.

Volatility by Period

	IVV	OMFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	3.69%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	9.93%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.27%	12.38%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	16.80%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	20.10%	-2.02%

IVV vs. OMFL - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than OMFL's 0.29% expense ratio.

Dividends

IVV vs. OMFL - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.09%, more than OMFL's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
OMFL Invesco Russell 1000 Dynamic Multifactor ETF	0.76%	0.80%	1.22%	1.37%	1.55%	0.95%	1.48%	1.53%	1.39%	0.32%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVV and OMFL in my portfolio?

With a correlation of 0.92, IVV and OMFL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IVV or OMFL?

IVV has higher volatility (4.37%) compared to OMFL (3.69%). In terms of maximum drawdown, IVV dropped -55.25% vs OMFL's -33.24%.

Which ETF is better, IVV or OMFL?

On 5-year performance, IVV leads with 13.30% vs 8.96% for OMFL. On fees, IVV is cheaper at 0.03% per year. On volatility, OMFL has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or OMFL?

Over the 5-year period, IVV has performed better with a 13.30% return vs 8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or OMFL?

IVV is cheaper with a 0.03% expense ratio, compared with 0.29% for OMFL.

Which ETF pays a higher dividend yield, IVV or OMFL?

IVV has the higher dividend yield at 1.09%, compared with 0.76% for OMFL.

What is the main difference between IVV and OMFL?

IVV is categorized as S&P 500, while OMFL is Large Cap Blend Equities. IVV tracks S&P 500 Index, while OMFL tracks Russell 1000 Invesco Dynamic Multifactor Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.03% for IVV and 0.29% for OMFL.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (1.98 vs 1.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.