OMFL vs. WTV
Compare and contrast key facts about Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and WisdomTree US Value ETF (WTV).
OMFL and WTV 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. WTV is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. LargeCap Value Index. It was launched on Feb 23, 2007. Both OMFL and WTV 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 WTV.
Key characteristics
| OMFL | WTV | |
|---|---|---|
| YTD Return | 1.29% | 4.42% |
| 1Y Return | 9.96% | 23.30% |
| 3Y Return (Ann) | 5.32% | 8.82% |
| 5Y Return (Ann) | 14.09% | 12.11% |
| Sharpe Ratio | 0.74 | 1.72 |
| Daily Std Dev | 13.52% | 13.68% |
| Max Drawdown | -33.24% | -61.95% |
| Current Drawdown | -6.16% | -5.70% |
Correlation
The correlation between OMFL and WTV is 0.85, 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.
Performance
OMFL vs. WTV - Performance Comparison
In the year-to-date period, OMFL achieves a 1.29% return, which is significantly lower than WTV's 4.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OMFL vs. WTV - Expense Ratio Comparison
OMFL has a 0.29% expense ratio, which is higher than WTV's 0.12% expense ratio.
Risk-Adjusted Performance
OMFL vs. WTV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and WisdomTree US Value ETF (WTV). 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. WTV - Dividend Comparison
OMFL's dividend yield for the trailing twelve months is around 1.42%, less than WTV's 1.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.42% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
WTV WisdomTree US Value ETF | 1.67% | 1.62% | 2.08% | 1.55% | 1.63% | 1.44% | 1.94% | 1.38% | 1.30% | 1.57% | 1.20% | 1.17% |
Drawdowns
OMFL vs. WTV - Drawdown Comparison
The maximum OMFL drawdown since its inception was -33.24%, smaller than the maximum WTV drawdown of -61.95%. Use the drawdown chart below to compare losses from any high point for OMFL and WTV. For additional features, visit the drawdowns tool.
Volatility
OMFL vs. WTV - Volatility Comparison
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) has a higher volatility of 4.17% compared to WisdomTree US Value ETF (WTV) at 3.55%. This indicates that OMFL's price experiences larger fluctuations and is considered to be riskier than WTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.