OMFL vs. QQQS
Compare and contrast key facts about Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Invesco NASDAQ Future Gen 200 ETF (QQQS).
OMFL and QQQS 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. QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022. Both OMFL and QQQS 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 QQQS.
Performance
OMFL vs. QQQS - Performance Comparison
Returns By Period
In the year-to-date period, OMFL achieves a 7.75% return, which is significantly lower than QQQS's 8.60% return.
OMFL
7.75%
2.93%
2.81%
16.42%
12.84%
N/A
QQQS
8.60%
5.35%
10.51%
29.21%
N/A
N/A
Key characteristics
| OMFL | QQQS | |
|---|---|---|
| Sharpe Ratio | 1.16 | 1.06 |
| Sortino Ratio | 1.62 | 1.58 |
| Omega Ratio | 1.21 | 1.18 |
| Calmar Ratio | 1.23 | 0.95 |
| Martin Ratio | 3.63 | 4.05 |
| Ulcer Index | 4.52% | 7.21% |
| Daily Std Dev | 14.14% | 27.65% |
| Max Drawdown | -33.24% | -38.06% |
| Current Drawdown | -1.35% | -11.34% |
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OMFL vs. QQQS - Expense Ratio Comparison
OMFL has a 0.29% expense ratio, which is higher than QQQS's 0.20% expense ratio.
Correlation
The correlation between OMFL and QQQS is 0.72, 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. QQQS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Invesco NASDAQ Future Gen 200 ETF (QQQS). 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. QQQS - Dividend Comparison
OMFL's dividend yield for the trailing twelve months is around 1.29%, more than QQQS's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.29% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% |
QQQS Invesco NASDAQ Future Gen 200 ETF | 0.77% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
OMFL vs. QQQS - Drawdown Comparison
The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum QQQS drawdown of -38.06%. Use the drawdown chart below to compare losses from any high point for OMFL and QQQS. For additional features, visit the drawdowns tool.
Volatility
OMFL vs. QQQS - Volatility Comparison
The current volatility for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is 4.19%, while Invesco NASDAQ Future Gen 200 ETF (QQQS) has a volatility of 8.02%. This indicates that OMFL experiences smaller price fluctuations and is considered to be less risky than QQQS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.