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OMFL vs. IJH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OMFL vs. IJH

Last updated Jun 12, 2026

OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) and IJH (iShares Core S&P Mid-Cap ETF) are both exchange-traded funds - OMFL is a Large Cap Blend Equities fund tracking the Russell 1000 Invesco Dynamic Multifactor Index, while IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. Both are passively managed. Over the past 5 years, OMFL returned 8.96%/yr vs 8.10%/yr for IJH. Their correlation of 0.85 suggests significant overlap in exposure. OMFL charges 0.29%/yr vs 0.05%/yr for IJH.

Performance

OMFL vs. IJH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and iShares Core S&P Mid-Cap ETF (IJH). 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 11.16% return, which is significantly lower than IJH's 14.66% return.

OMFL

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

IJH

1D
2.51%
1M
2.96%
YTD
14.66%
6M
11.74%
1Y
25.20%
3Y*
15.52%
5Y*
8.10%
10Y*
11.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OMFL vs. IJH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IJH
iShares Core S&P Mid-Cap ETF		14.66%7.42%13.92%16.40%-13.11%24.72%13.60%26.10%-11.19%4.42%

Correlation

The correlation between OMFL and IJH is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.83

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

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

0.85

The correlation between OMFL and IJH shifts across timeframes, from 0.77 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.

OMFL vs. IJH - Sectors Allocation Comparison

Sectors
OMFL
IJH

Technology

31.0%
15.7%

Communication Services

11.7%
1.0%

Financial Services

11.5%
14.4%

Healthcare

10.4%
8.6%

Industrials

9.8%
25.0%

Consumer Cyclical

9.5%
10.7%

Consumer Defensive

8.8%
3.8%

Energy

3.7%
5.5%

Basic Materials

2.5%
4.8%

Real Estate

0.8%
7.5%

Utilities

0.4%
3.1%

Technology

OMFL
31.0%
IJH
15.7%

Communication Services

OMFL
11.7%
IJH
1.0%

Financial Services

OMFL
11.5%
IJH
14.4%

Healthcare

OMFL
10.4%
IJH
8.6%

Industrials

OMFL
9.8%
IJH
25.0%

Consumer Cyclical

OMFL
9.5%
IJH
10.7%

Consumer Defensive

OMFL
8.8%
IJH
3.8%

Energy

OMFL
3.7%
IJH
5.5%

Basic Materials

OMFL
2.5%
IJH
4.8%

Real Estate

OMFL
0.8%
IJH
7.5%

Utilities

OMFL
0.4%
IJH
3.1%

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

iShares Core S&P Mid-Cap ETF

Often compared with OMFL:
OMFL vs. SPGPOMFL vs. SCHDOMFL vs. OMFSOMFL vs. QQQSOMFL vs. CALMOMFL vs. WTVOMFL vs. RWL
Often compared with IJH:
IJH vs. VOIJH vs. IJRIJH vs. MDYIJH vs. IJJIJH vs. IJKIJH vs. SCHMIJH vs. IVOO

Return for Risk

OMFL vs. IJH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OMFL
OMFL Risk / Return Rank: 6464
Overall Rank
OMFL Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
OMFL Sortino Ratio Rank: 6060
Sortino Ratio Rank
OMFL Omega Ratio Rank: 5959
Omega Ratio Rank
OMFL Calmar Ratio Rank: 6565
Calmar Ratio Rank
OMFL Martin Ratio Rank: 7777
Martin Ratio Rank
IJH
IJH Risk / Return Rank: 6262
Overall Rank
IJH Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IJH Sortino Ratio Rank: 6060
Sortino Ratio Rank
IJH Omega Ratio Rank: 5555
Omega Ratio Rank
IJH Calmar Ratio Rank: 6969
Calmar Ratio Rank
IJH Martin Ratio Rank: 6969
Martin Ratio Rank
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.

OMFL vs. IJH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and iShares Core S&P Mid-Cap ETF (IJH). 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.

OMFLIJHDifference
Sharpe ratioReturn per unit of total volatility
1.68
1.59

+0.09

Sortino ratioReturn per unit of downside risk
2.34
2.33

+0.01

Omega ratioGain probability vs. loss probability

1.30

1.28

+0.02

Calmar ratioReturn relative to maximum drawdown

2.74

2.87

-0.13

Martin ratioReturn relative to average drawdown

12.17

10.47

+1.70

OMFL vs. IJH - Sharpe Ratio Comparison

The current OMFL Sharpe Ratio is 1.68, which is comparable to the IJH Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of OMFL and IJH, 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. IJH - Drawdown Comparison

The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum IJH drawdown of -55.07%. Use the drawdown chart below to compare losses from any high point for OMFL and IJH.

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Drawdown Indicators

OMFLIJHDifference

Max Drawdown

Largest peak-to-trough decline

-33.24%

-55.07%

+21.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-8.83%

+1.25%

Max Drawdown (3Y)

Largest decline over 3 years

-15.52%

-24.10%

+8.58%

Max Drawdown (5Y)

Largest decline over 5 years

-22.44%

-24.10%

+1.66%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.18%

—

Current Drawdown

Current decline from peak

-1.65%

0.00%

-1.65%

Average Drawdown

Average peak-to-trough decline

-4.79%

-7.56%

+2.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.70%

2.41%

-0.71%

Volatility

OMFL vs. IJH - Volatility Comparison

The current volatility for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is 3.69%, while iShares Core S&P Mid-Cap ETF (IJH) has a volatility of 5.07%. This indicates that OMFL experiences smaller price fluctuations and is considered to be less risky than IJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OMFLIJHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

5.07%

-1.38%

Volatility (6M)

Calculated over the trailing 6-month period

9.93%

11.85%

-1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

12.38%

15.89%

-3.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.80%

19.80%

-3.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.10%

21.20%

-1.10%

OMFL vs. IJH - Expense Ratio Comparison

OMFL has a 0.29% expense ratio, which is higher than IJH's 0.05% expense ratio.

Dividends

OMFL vs. IJH - Dividend Comparison

OMFL's dividend yield for the trailing twelve months is around 0.76%, less than IJH's 1.18% yield.

PositionTTM20252024202320222021202020192018201720162015
IJH
iShares Core S&P Mid-Cap ETF		1.18%1.36%1.33%1.46%1.68%1.18%1.28%1.63%1.72%1.19%1.60%1.56%
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

OMFL and IJH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IJH has higher volatility (5.07%) compared to OMFL (3.69%). In terms of maximum drawdown, OMFL dropped -33.24% vs IJH's -55.07%.

On 5-year performance, OMFL leads with 8.96% vs 8.10% for IJH. On fees, IJH is cheaper at 0.05% 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.

Over the 5-year period, OMFL has performed better with a 8.96% return vs 8.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IJH is cheaper with a 0.05% expense ratio, compared with 0.29% for OMFL.

IJH has the higher dividend yield at 1.18%, compared with 0.76% for OMFL.

OMFL is categorized as Large Cap Blend Equities, while IJH is Mid Cap Blend Equities. OMFL tracks Russell 1000 Invesco Dynamic Multifactor Index, while IJH tracks S&P MidCap 400 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for OMFL and 0.05% for IJH.

OMFL currently has the higher Sharpe Ratio (1.68 vs 1.59), 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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