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OMFL vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

OMFL vs. USMV

Last updated Jul 14, 2026
Documentation

OMFL (Invesco Russell 1000 Dynamic Multifactor ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - OMFL tracks the Russell 1000 Invesco Dynamic Multifactor Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 5 years, OMFL returned 9.71%/yr vs 7.16%/yr for USMV. A 0.73 correlation means they provide meaningful diversification when combined. OMFL charges 0.29%/yr vs 0.15%/yr for USMV.

Performance

OMFL vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 13.25% return, which is significantly higher than USMV's 4.64% return.

OMFL

1D
-0.38%
1M
1.44%
6M
9.75%
YTD
13.25%
1Y
20.94%
3Y*
13.28%
5Y*
9.71%
10Y*
—

USMV

1D
0.06%
1M
2.16%
6M
3.87%
YTD
4.64%
1Y
7.10%
3Y*
11.43%
5Y*
7.16%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

OMFL vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
OMFL
Invesco Russell 1000 Dynamic Multifactor ETF		13.25%13.68%6.82%21.53%-13.97%28.95%20.91%35.58%-2.55%5.12%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%2.70%

Correlation

The correlation between OMFL and USMV is 0.52, 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

0.52

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

0.66

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

0.75

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

0.73

Over the past year, the correlation between OMFL and USMV has dropped to 0.52 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

OMFL vs. USMV - Sectors Allocation Comparison

Sectors
OMFL
USMV

Technology

34.5%
33.9%

Communication Services

11.2%
6.2%

Financial Services

11.0%
11.7%

Healthcare

9.9%
12.6%

Industrials

9.2%
6.1%

Consumer Cyclical

9.2%
5.7%

Consumer Defensive

8.3%
9.4%

Energy

3.3%
2.7%

Basic Materials

2.4%
2.4%

Real Estate

0.8%
2.5%

Utilities

0.3%
6.9%

Technology

OMFL
34.5%
USMV
33.9%

Communication Services

OMFL
11.2%
USMV
6.2%

Financial Services

OMFL
11.0%
USMV
11.7%

Healthcare

OMFL
9.9%
USMV
12.6%

Industrials

OMFL
9.2%
USMV
6.1%

Consumer Cyclical

OMFL
9.2%
USMV
5.7%

Consumer Defensive

OMFL
8.3%
USMV
9.4%

Energy

OMFL
3.3%
USMV
2.7%

Basic Materials

OMFL
2.4%
USMV
2.4%

Real Estate

OMFL
0.8%
USMV
2.5%

Utilities

OMFL
0.3%
USMV
6.9%

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 MSCI USA Min Vol Factor ETF

Often compared with OMFL:
OMFL vs. SPGPOMFL vs. OMFSOMFL vs. SCHDOMFL vs. QQQSOMFL vs. WTVOMFL vs. CALMOMFL vs. RWL
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

OMFL vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
OMFL
OMFL Risk / Return Rank: 6868
Overall Rank
OMFL Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
OMFL Sortino Ratio Rank: 6363
Sortino Ratio Rank
OMFL Omega Ratio Rank: 6464
Omega Ratio Rank
OMFL Calmar Ratio Rank: 6969
Calmar Ratio Rank
OMFL Martin Ratio Rank: 8080
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2828
Overall Rank
USMV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMV Omega Ratio Rank: 2525
Omega Ratio Rank
USMV Calmar Ratio Rank: 2828
Calmar Ratio Rank
USMV Martin Ratio Rank: 3131
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. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and iShares MSCI USA Min Vol Factor ETF (USMV). 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.

OMFLUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.69
0.84

+0.84

Sortino ratioReturn per unit of downside risk
2.34
1.23

+1.11

Omega ratioGain probability vs. loss probability

1.30

1.15

+0.16

Calmar ratioReturn relative to maximum drawdown

2.78

1.10

+1.67

Martin ratioReturn relative to average drawdown

12.19

3.61

+8.58

OMFL vs. USMV - Sharpe Ratio Comparison

The current OMFL Sharpe Ratio is 1.69, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of OMFL and USMV, 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. USMV - Drawdown Comparison

The maximum OMFL drawdown since its inception was -33.24%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for OMFL and USMV.

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Drawdown Indicators

OMFLUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-33.24%

-33.10%

-0.14%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-6.46%

-1.12%

Max Drawdown (3Y)

Largest decline over 3 years

-15.52%

-9.36%

-6.16%

Max Drawdown (5Y)

Largest decline over 5 years

-22.44%

-17.93%

-4.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-0.38%

-0.54%

+0.16%

Average Drawdown

Average peak-to-trough decline

-4.76%

-2.87%

-1.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.72%

1.97%

-0.25%

Volatility

OMFL vs. USMV - Volatility Comparison

Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a higher volatility of 3.79% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that OMFL's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

OMFLUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

2.54%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.92%

6.22%

+3.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.50%

8.48%

+4.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.75%

12.36%

+4.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.04%

14.49%

+5.55%

OMFL vs. USMV - Expense Ratio Comparison

OMFL has a 0.29% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

OMFL vs. USMV - Dividend Comparison

OMFL's dividend yield for the trailing twelve months is around 0.81%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
OMFL
Invesco Russell 1000 Dynamic Multifactor ETF		0.81%0.80%1.22%1.37%1.55%0.95%1.48%1.53%1.39%0.32%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.48%1.49%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%

Frequently Asked Questions

OMFL and USMV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OMFL has higher volatility (3.79%) compared to USMV (2.54%). In terms of maximum drawdown, OMFL dropped -33.24% vs USMV's -33.10%.

On 5-year performance, OMFL leads with 9.71% vs 7.16% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.54%. 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 9.71% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMV is cheaper with a 0.15% expense ratio, compared with 0.29% for OMFL.

USMV has the higher dividend yield at 1.48%, compared with 0.81% for OMFL.

OMFL tracks Russell 1000 Invesco Dynamic Multifactor Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for OMFL and 0.15% for USMV.

OMFL currently has the higher Sharpe Ratio (1.69 vs 0.84), 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.

Portfolio Optimizer

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