OMFL vs. PMYYX

Last updated Jun 24, 2026

OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) and PMYYX (Putnam Multi-Cap Core Fund) are both Large Cap Blend Equities funds. Over the past 5 years, OMFL returned 8.89%/yr vs 13.37%/yr for PMYYX. Their correlation of 0.86 suggests significant overlap in exposure. OMFL charges 0.29%/yr vs 0.71%/yr for PMYYX.

Performance

OMFL vs. PMYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Putnam Multi-Cap Core Fund (PMYYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMFL achieves a 10.40% return, which is significantly higher than PMYYX's 7.12% return.

OMFL

• 1D: -1.45%
• 1M: -1.15%
• YTD: 10.40%
• 6M: 9.24%
• 1Y: 20.52%
• 3Y*: 13.20%
• 5Y*: 8.89%
• 10Y*: —

PMYYX

• 1D: -0.47%
• 1M: 0.25%
• YTD: 7.12%
• 6M: 6.13%
• 1Y: 23.76%
• 3Y*: 21.00%
• 5Y*: 13.37%
• 10Y*: 16.71%

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

OMFL vs. PMYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OMFL Invesco Russell 1000 Dynamic Multifactor ETF	10.40%	13.68%	6.82%	21.53%	-13.97%	28.95%	20.91%	35.58%	-2.55%	5.12%
PMYYX Putnam Multi-Cap Core Fund	7.12%	17.33%	26.46%	27.98%	-15.94%	30.93%	17.69%	32.52%	-7.91%	5.27%

Correlation

The correlation between OMFL and PMYYX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.86

The correlation between OMFL and PMYYX has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

OMFL vs. PMYYX — Risk / Return Rank

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

OMFL

OMFL Risk / Return Rank: 55
OMFL Sharpe Ratio Rank: 50
OMFL Sortino Ratio Rank: 49
OMFL Omega Ratio Rank: 49
OMFL Calmar Ratio Rank: 58
OMFL Martin Ratio Rank: 69

PMYYX

PMYYX Risk / Return Rank: 52
PMYYX Sharpe Ratio Rank: 54
PMYYX Sortino Ratio Rank: 50
PMYYX Omega Ratio Rank: 51
PMYYX Calmar Ratio Rank: 47
PMYYX Martin Ratio Rank: 57

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. PMYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Putnam Multi-Cap Core Fund (PMYYX). 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.

	OMFL	PMYYX	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.00	-0.35
Sortino ratio: Return per unit of downside risk	2.30	2.74	-0.44
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.72	2.49	+0.23
Martin ratio: Return relative to average drawdown	12.06	10.78	+1.28

OMFL vs. PMYYX - Sharpe Ratio Comparison

The current OMFL Sharpe Ratio is 1.65, which is comparable to the PMYYX Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of OMFL and PMYYX, 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

OMFL vs. PMYYX - Drawdown Comparison

The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum PMYYX drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for OMFL and PMYYX.

Drawdown Indicators

	OMFL	PMYYX	Difference
Max Drawdown Largest peak-to-trough decline	-33.24%	-35.25%	+2.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-10.02%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-18.92%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-22.44%	-23.52%	+1.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.25%	—
Current Drawdown Current decline from peak	-2.57%	-1.49%	-1.08%
Average Drawdown Average peak-to-trough decline	-4.78%	-4.11%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.31%	-0.60%

Volatility

OMFL vs. PMYYX - Volatility Comparison

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Putnam Multi-Cap Core Fund (PMYYX) have volatilities of 4.33% and 4.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMFL	PMYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.39%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	9.84%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	12.54%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	16.88%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	18.43%	+1.66%

OMFL vs. PMYYX - Expense Ratio Comparison

OMFL has a 0.29% expense ratio, which is lower than PMYYX's 0.71% expense ratio.

Dividends

OMFL vs. PMYYX - Dividend Comparison

OMFL's dividend yield for the trailing twelve months is around 0.83%, less than PMYYX's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OMFL Invesco Russell 1000 Dynamic Multifactor ETF	0.83%	0.80%	1.22%	1.37%	1.55%	0.95%	1.48%	1.53%	1.39%	0.32%	0.00%	0.00%
PMYYX Putnam Multi-Cap Core Fund	2.58%	2.76%	4.47%	2.62%	5.26%	9.25%	2.41%	4.76%	2.36%	2.71%	1.21%	1.26%

Frequently Asked Questions

Can I hold both OMFL and PMYYX in my portfolio?

With a correlation of 0.91, OMFL and PMYYX 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, OMFL or PMYYX?

PMYYX has higher volatility (4.39%) compared to OMFL (4.33%). In terms of maximum drawdown, OMFL dropped -33.24% vs PMYYX's -35.25%.

Which has better risk-adjusted returns?

PMYYX currently has the higher Sharpe Ratio (2.00 vs 1.65), 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.