OMFL vs. SCHK

Last updated Jun 24, 2026

OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - OMFL tracks the Russell 1000 Invesco Dynamic Multifactor Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, OMFL returned 8.89%/yr vs 12.31%/yr for SCHK. Their correlation of 0.86 suggests significant overlap in exposure. OMFL charges 0.29%/yr vs 0.03%/yr for SCHK.

Performance

OMFL vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Schwab 1000 Index ETF (SCHK). 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 SCHK's 8.54% return.

OMFL

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

SCHK

• 1D: -1.42%
• 1M: -0.95%
• YTD: 8.54%
• 6M: 7.46%
• 1Y: 23.67%
• 3Y*: 20.74%
• 5Y*: 12.31%
• 10Y*: —

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

OMFL vs. SCHK - 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%
SCHK Schwab 1000 Index ETF	8.54%	17.23%	24.48%	26.63%	-19.51%	26.17%	20.75%	31.31%	-5.09%	4.00%

Correlation

The correlation between OMFL and SCHK is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.89
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 SCHK has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.

OMFL vs. SCHK - Sectors Allocation Comparison

Sectors	OMFL	SCHK
Technology	34.5%	38.0%
Communication Services	11.2%	10.1%
Financial Services	11.0%	11.2%
Healthcare	9.9%	8.4%
Industrials	9.2%	8.9%
Consumer Cyclical	9.2%	9.8%
Consumer Defensive	8.3%	4.3%
Energy	3.3%	3.2%
Basic Materials	2.4%	1.9%
Real Estate	0.8%	2.0%
Utilities	0.3%	2.1%

Return for Risk

OMFL vs. SCHK — 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

SCHK

SCHK Risk / Return Rank: 58
SCHK Sharpe Ratio Rank: 57
SCHK Sortino Ratio Rank: 55
SCHK Omega Ratio Rank: 56
SCHK Calmar Ratio Rank: 56
SCHK Martin Ratio Rank: 67

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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and Schwab 1000 Index ETF (SCHK). 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	SCHK	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.86	-0.21
Sortino ratio: Return per unit of downside risk	2.30	2.53	-0.24
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.72	2.65	+0.07
Martin ratio: Return relative to average drawdown	12.06	11.81	+0.25

OMFL vs. SCHK - Sharpe Ratio Comparison

The current OMFL Sharpe Ratio is 1.65, which is comparable to the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of OMFL and SCHK, 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. SCHK - Drawdown Comparison

The maximum OMFL drawdown since its inception was -33.24%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for OMFL and SCHK.

Drawdown Indicators

	OMFL	SCHK	Difference
Max Drawdown Largest peak-to-trough decline	-33.24%	-34.80%	+1.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-8.97%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-15.52%	-19.21%	+3.69%
Max Drawdown (5Y) Largest decline over 5 years	-22.44%	-25.44%	+3.00%
Current Drawdown Current decline from peak	-2.57%	-2.98%	+0.41%
Average Drawdown Average peak-to-trough decline	-4.78%	-5.16%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.01%	-0.30%

Volatility

OMFL vs. SCHK - Volatility Comparison

The current volatility for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is 4.33%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.96%. This indicates that OMFL experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMFL	SCHK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	4.96%	-0.63%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	10.10%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	12.84%	-0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	17.34%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	19.12%	+0.97%

OMFL vs. SCHK - Expense Ratio Comparison

OMFL has a 0.29% expense ratio, which is higher than SCHK's 0.03% expense ratio.

Dividends

OMFL vs. SCHK - Dividend Comparison

OMFL's dividend yield for the trailing twelve months is around 0.83%, less than SCHK's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SCHK Schwab 1000 Index ETF	1.03%	1.09%	1.20%	1.38%	1.57%	1.17%	1.58%	1.82%	1.80%	0.31%

Frequently Asked Questions

Can I hold both OMFL and SCHK in my portfolio?

With a correlation of 0.93, OMFL and SCHK 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 SCHK?

SCHK has higher volatility (4.96%) compared to OMFL (4.33%). In terms of maximum drawdown, OMFL dropped -33.24% vs SCHK's -34.80%.

Which ETF is better, OMFL or SCHK?

On 5-year performance, SCHK leads with 12.31% vs 8.89% for OMFL. On fees, SCHK is cheaper at 0.03% per year. On volatility, OMFL has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMFL or SCHK?

Over the 5-year period, SCHK has performed better with a 12.31% return vs 8.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMFL or SCHK?

SCHK is cheaper with a 0.03% expense ratio, compared with 0.29% for OMFL.

Which ETF pays a higher dividend yield, OMFL or SCHK?

SCHK has the higher dividend yield at 1.03%, compared with 0.83% for OMFL.

What is the main difference between OMFL and SCHK?

OMFL tracks Russell 1000 Invesco Dynamic Multifactor Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.29% for OMFL and 0.03% for SCHK.

Which has better risk-adjusted returns?

SCHK currently has the higher Sharpe Ratio (1.86 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.