OMFL vs. COWZ
Compare and contrast key facts about Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Pacer US Cash Cows 100 ETF (COWZ).
OMFL and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. Both OMFL and COWZ 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: OMFL or COWZ.
Performance
OMFL vs. COWZ - Performance Comparison
Returns By Period
In the year-to-date period, OMFL achieves a 7.47% return, which is significantly lower than COWZ's 16.97% return.
OMFL
7.47%
1.73%
3.49%
16.12%
12.79%
N/A
COWZ
16.97%
3.83%
10.68%
22.98%
16.94%
N/A
Key characteristics
| OMFL | COWZ | |
|---|---|---|
| Sharpe Ratio | 1.18 | 1.74 |
| Sortino Ratio | 1.64 | 2.52 |
| Omega Ratio | 1.21 | 1.30 |
| Calmar Ratio | 1.25 | 3.11 |
| Martin Ratio | 3.68 | 7.36 |
| Ulcer Index | 4.52% | 3.20% |
| Daily Std Dev | 14.15% | 13.55% |
| Max Drawdown | -33.24% | -38.63% |
| Current Drawdown | -1.60% | -0.50% |
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OMFL vs. COWZ - Expense Ratio Comparison
OMFL has a 0.29% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Correlation
The correlation between OMFL and COWZ is 0.82, 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.
Risk-Adjusted Performance
OMFL vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Pacer US Cash Cows 100 ETF (COWZ). 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. COWZ - Dividend Comparison
OMFL's dividend yield for the trailing twelve months is around 1.29%, less than COWZ's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.29% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
OMFL vs. COWZ - Drawdown Comparison
The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for OMFL and COWZ. For additional features, visit the drawdowns tool.
Volatility
OMFL vs. COWZ - Volatility Comparison
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a higher volatility of 4.20% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.90%. This indicates that OMFL's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.