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OMFL vs. EQL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OMFL vs. EQL

Last updated Aug 4, 2026
Documentation

OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) and EQL (ALPS Equal Sector Weight ETF) are both Large Cap Blend Equities funds - OMFL tracks the Russell 1000 Invesco Dynamic Multifactor Index while EQL tracks the NYSE Equal Sector Weight Index. Both are passively managed. Over the past 5 years, OMFL returned 9.73%/yr vs 10.87%/yr for EQL. Their correlation of 0.85 means they have usually moved in the same direction. OMFL charges 0.29%/yr vs 0.27%/yr for EQL.

Performance

OMFL vs. EQL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and ALPS Equal Sector Weight ETF (EQL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, OMFL achieves a 14.92% return, which is significantly higher than EQL's 11.79% return.

OMFL

1D
1.07%
1M
1.61%
6M
11.19%
YTD
14.92%
1Y
22.88%
3Y*
13.08%
5Y*
9.73%
10Y*
—
ALL TIME*
14.09%

EQL

1D
0.98%
1M
1.30%
6M
7.57%
YTD
11.79%
1Y
19.50%
3Y*
15.68%
5Y*
10.87%
10Y*
12.40%
ALL TIME*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EQL

ALPS Equal Sector Weight ETF
$3.24M$2.89M$2.73M

OMFL

Invesco Russell 1000 Dynamic Multifactor ETF
$6.98M$7.56M$9.22M

OMFL vs. EQL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OMFL
Invesco Russell 1000 Dynamic Multifactor ETF		14.92%13.68%6.82%21.53%-13.97%28.95%20.91%35.58%-2.55%5.12%
EQL
ALPS Equal Sector Weight ETF		11.79%13.09%16.44%16.87%-10.72%29.32%10.87%27.87%-6.12%3.40%

Correlation

The correlation between OMFL and EQL is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.78

Correlation (3Y)
Balances recent behavior with more history.

0.83

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.88

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2017

0.85

The correlation between OMFL and EQL has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

OMFL vs. EQL - Sectors Allocation Comparison

Sectors
OMFL
EQL

Technology

35.7%
10.2%

Healthcare

12.6%
9.4%

Industrials

10.6%
9.3%

Financial Services

10.1%
9.1%

Communication Services

8.1%
8.9%

Consumer Cyclical

7.0%
9.6%

Consumer Defensive

6.5%
8.8%

Basic Materials

2.4%
8.0%

Energy

2.4%
8.7%

Utilities

2.2%
9.4%

Real Estate

1.5%
8.7%

Technology

OMFL
35.7%
EQL
10.2%

Healthcare

OMFL
12.6%
EQL
9.4%

Industrials

OMFL
10.6%
EQL
9.3%

Financial Services

OMFL
10.1%
EQL
9.1%

Communication Services

OMFL
8.1%
EQL
8.9%

Consumer Cyclical

OMFL
7.0%
EQL
9.6%

Consumer Defensive

OMFL
6.5%
EQL
8.8%

Basic Materials

OMFL
2.4%
EQL
8.0%

Energy

OMFL
2.4%
EQL
8.7%

Utilities

OMFL
2.2%
EQL
9.4%

Real Estate

OMFL
1.5%
EQL
8.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco Russell 1000 Dynamic Multifactor ETF

ALPS Equal Sector Weight ETF

Often compared with OMFL:
OMFL vs. SPGPOMFL vs. OMFSOMFL vs. SCHDOMFL vs. QQQSOMFL vs. WTVOMFL vs. CALMOMFL vs. RWL
Often compared with EQL:
EQL vs. RSPEQL vs. VOOEQL vs. SPYEQL vs. ^SPXEWEQL vs. MOODEQL vs. VDCEQL vs. voo

Return for Risk

OMFL vs. EQL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
OMFL
OMFL Risk / Return Rank: 8080
Overall Rank
OMFL Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
OMFL Sortino Ratio Rank: 7676
Sortino Ratio Rank
OMFL Omega Ratio Rank: 7575
Omega Ratio Rank
OMFL Calmar Ratio Rank: 8181
Calmar Ratio Rank
OMFL Martin Ratio Rank: 8787
Martin Ratio Rank
EQL
EQL Risk / Return Rank: 8585
Overall Rank
EQL Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
EQL Sortino Ratio Rank: 8585
Sortino Ratio Rank
EQL Omega Ratio Rank: 8585
Omega Ratio Rank
EQL Calmar Ratio Rank: 8383
Calmar Ratio Rank
EQL Martin Ratio Rank: 8585
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OMFL vs. EQL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and ALPS Equal Sector Weight ETF (EQL). 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.

OMFLEQLDifference
Sharpe ratioReturn per unit of total volatility
1.83
2.07

-0.25

Sortino ratioReturn per unit of downside risk
2.52
2.89

-0.37

Omega ratioGain probability vs. loss probability

1.32

1.38

-0.05

Calmar ratioReturn relative to maximum drawdown

3.03

3.16

-0.13

Martin ratioReturn relative to average drawdown

13.26

12.39

+0.87

OMFL vs. EQL - Sharpe Ratio Comparison

The current OMFL Sharpe Ratio is 1.83, which is comparable to the EQL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of OMFL and EQL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

OMFL vs. EQL - Drawdown Comparison

The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum EQL drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for OMFL and EQL.

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Drawdown Indicators

OMFLEQLDifference

Max Drawdown

Largest peak-to-trough decline

-33.24%

-35.65%

+2.41%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-6.19%

-1.39%

Max Drawdown (3Y)

Largest decline over 3 years

-15.52%

-15.07%

-0.45%

Max Drawdown (5Y)

Largest decline over 5 years

-22.44%

-19.24%

-3.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.65%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.73%

-3.23%

-1.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

1.58%

+0.15%

Volatility

OMFL vs. EQL - Volatility Comparison

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a higher volatility of 2.82% compared to ALPS Equal Sector Weight ETF (EQL) at 2.29%. This indicates that OMFL's price experiences larger fluctuations and is considered to be riskier than EQL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OMFLEQLDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.82%

2.29%

+0.53%

Volatility (6M)

Calculated over the trailing 6-month period

9.75%

7.09%

+2.66%

Volatility (1Y)

Calculated over the trailing 1-year period

12.61%

9.47%

+3.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.65%

14.52%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.99%

16.49%

+3.50%

OMFL vs. EQL - Expense Ratio Comparison

OMFL has a 0.29% expense ratio, which is higher than EQL's 0.27% expense ratio.

Dividends

OMFL vs. EQL - Dividend Comparison

OMFL's dividend yield for the trailing twelve months is around 0.80%, less than EQL's 1.34% yield.

PositionTTM20252024202320222021202020192018201720162015
EQL
ALPS Equal Sector Weight ETF		1.34%1.73%1.78%1.96%2.14%1.69%2.29%1.95%2.39%1.97%2.89%2.07%
OMFL
Invesco Russell 1000 Dynamic Multifactor ETF		0.80%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

OMFL and EQL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OMFL has higher volatility (2.82%) compared to EQL (2.29%). In terms of maximum drawdown, OMFL dropped -33.24% vs EQL's -35.65%.

On 5-year performance, EQL leads with 10.87% vs 9.73% for OMFL. On fees, EQL is cheaper at 0.27% per year. On volatility, EQL has been the lower-risk option at 2.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, EQL has performed better with a 10.87% return vs 9.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EQL is cheaper with a 0.27% expense ratio, compared with 0.29% for OMFL.

EQL has the higher dividend yield at 1.34%, compared with 0.80% for OMFL.

OMFL tracks Russell 1000 Invesco Dynamic Multifactor Index, while EQL tracks NYSE Equal Sector Weight Index. They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.29% for OMFL and 0.27% for EQL.

EQL currently has the higher Sharpe Ratio (2.07 vs 1.83), 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.

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