OMFL vs. ARCC
Compare and contrast key facts about Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Ares Capital Corporation (ARCC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OMFL or ARCC.
Key characteristics
| OMFL | ARCC | |
|---|---|---|
| YTD Return | 1.29% | 5.33% |
| 1Y Return | 9.96% | 24.43% |
| 3Y Return (Ann) | 5.32% | 12.46% |
| 5Y Return (Ann) | 14.09% | 13.53% |
| Sharpe Ratio | 0.74 | 1.81 |
| Daily Std Dev | 13.52% | 12.70% |
| Max Drawdown | -33.24% | -79.36% |
| Current Drawdown | -6.16% | -1.01% |
Correlation
The correlation between OMFL and ARCC is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OMFL vs. ARCC - Performance Comparison
In the year-to-date period, OMFL achieves a 1.29% return, which is significantly lower than ARCC's 5.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OMFL vs. ARCC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Ares Capital Corporation (ARCC). 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
OMFL vs. ARCC - Dividend Comparison
OMFL's dividend yield for the trailing twelve months is around 1.42%, less than ARCC's 9.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.42% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
ARCC Ares Capital Corporation | 9.32% | 9.59% | 10.10% | 7.60% | 9.41% | 8.94% | 9.78% | 9.57% | 9.12% | 10.90% | 9.93% | 8.67% |
Drawdowns
OMFL vs. ARCC - Drawdown Comparison
The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum ARCC drawdown of -79.36%. Use the drawdown chart below to compare losses from any high point for OMFL and ARCC. For additional features, visit the drawdowns tool.
Volatility
OMFL vs. ARCC - Volatility Comparison
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a higher volatility of 4.17% compared to Ares Capital Corporation (ARCC) at 2.84%. This indicates that OMFL's price experiences larger fluctuations and is considered to be riskier than ARCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.