OMFS vs. DSMC

Last updated Jul 12, 2026

OMFS (Invesco Russell 2000 Dynamic Multifactor ETF) and DSMC (Distillate Small/Mid Cash Flow ETF) are both Small Cap Value Equities funds. OMFS is passively managed, while DSMC is actively managed. Over the past 3 years, OMFS returned 15.31%/yr vs 11.51%/yr for DSMC. Their correlation of 0.84 suggests significant overlap in exposure. OMFS charges 0.39%/yr vs 0.55%/yr for DSMC.

Performance

OMFS vs. DSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Distillate Small/Mid Cash Flow ETF (DSMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMFS achieves a 19.80% return, which is significantly higher than DSMC's 16.33% return.

OMFS

• 1D: -0.27%
• 1M: 2.34%
• 6M: 14.40%
• YTD: 19.80%
• 1Y: 31.40%
• 3Y*: 15.31%
• 5Y*: 6.99%
• 10Y*: —

DSMC

• 1D: 0.69%
• 1M: 0.93%
• 6M: 10.98%
• YTD: 16.33%
• 1Y: 21.63%
• 3Y*: 11.51%
• 5Y*: —
• 10Y*: —

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

OMFS vs. DSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	19.80%	13.34%	3.98%	15.12%	3.61%
DSMC Distillate Small/Mid Cash Flow ETF	16.33%	2.73%	2.81%	29.50%	8.50%

Correlation

The correlation between OMFS and DSMC is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.84

The correlation between OMFS and DSMC shifts across timeframes, from 0.72 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

OMFS vs. DSMC - Sectors Allocation Comparison

Sectors	OMFS	DSMC
Financial Services	25.2%	3.0%
Healthcare	13.1%	11.0%
Technology	11.4%	18.0%
Real Estate	10.7%	0.4%
Industrials	10.3%	16.6%
Consumer Cyclical	7.9%	18.7%
Consumer Defensive	2.8%	9.0%
Energy	2.8%	14.4%
Basic Materials	2.1%	3.4%
Communication Services	0.7%	5.8%
Utilities	0.6%	-

Return for Risk

OMFS vs. DSMC — Risk / Return Rank

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

OMFS

OMFS Risk / Return Rank: 68
OMFS Sharpe Ratio Rank: 63
OMFS Sortino Ratio Rank: 67
OMFS Omega Ratio Rank: 58
OMFS Calmar Ratio Rank: 77
OMFS Martin Ratio Rank: 74

DSMC

DSMC Risk / Return Rank: 45
DSMC Sharpe Ratio Rank: 41
DSMC Sortino Ratio Rank: 46
DSMC Omega Ratio Rank: 39
DSMC Calmar Ratio Rank: 49
DSMC Martin Ratio Rank: 49

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.

OMFS vs. DSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Distillate Small/Mid Cash Flow ETF (DSMC). 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.

	OMFS	DSMC	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.19	+0.48
Sortino ratio: Return per unit of downside risk	2.48	1.86	+0.61
Omega ratio: Gain probability vs. loss probability	1.29	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	3.18	1.97	+1.21
Martin ratio: Return relative to average drawdown	10.94	6.53	+4.42

OMFS vs. DSMC - Sharpe Ratio Comparison

The current OMFS Sharpe Ratio is 1.67, which is higher than the DSMC Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of OMFS and DSMC, 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

OMFS vs. DSMC - Drawdown Comparison

The maximum OMFS drawdown since its inception was -42.50%, which is greater than DSMC's maximum drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for OMFS and DSMC.

Drawdown Indicators

	OMFS	DSMC	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-28.62%	-13.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-10.33%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.35%	-28.62%	+6.27%
Max Drawdown (5Y) Largest decline over 5 years	-29.22%	—	—
Current Drawdown Current decline from peak	-0.89%	-0.29%	-0.60%
Average Drawdown Average peak-to-trough decline	-10.37%	-5.87%	-4.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	3.13%	-0.41%

Volatility

OMFS vs. DSMC - Volatility Comparison

Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Distillate Small/Mid Cash Flow ETF (DSMC) have volatilities of 4.29% and 4.40%, 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

	OMFS	DSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.40%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	10.71%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	17.06%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	20.24%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	20.24%	+3.98%

OMFS vs. DSMC - Expense Ratio Comparison

OMFS has a 0.39% expense ratio, which is lower than DSMC's 0.55% expense ratio.

Dividends

OMFS vs. DSMC - Dividend Comparison

OMFS's dividend yield for the trailing twelve months is around 1.08%, less than DSMC's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSMC Distillate Small/Mid Cash Flow ETF	1.13%	1.18%	1.31%	1.02%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	1.08%	0.80%	1.87%	1.27%	1.84%	0.66%	1.07%	1.29%	1.50%	0.34%

Frequently Asked Questions

Can I hold both OMFS and DSMC in my portfolio?

OMFS and DSMC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OMFS or DSMC?

DSMC has higher volatility (4.40%) compared to OMFS (4.29%). In terms of maximum drawdown, OMFS dropped -42.50% vs DSMC's -28.62%.

Which ETF is better, OMFS or DSMC?

On 3-year performance, OMFS leads with 15.31% vs 11.51% for DSMC. On fees, OMFS is cheaper at 0.39% per year. On volatility, OMFS has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMFS or DSMC?

Over the 3-year period, OMFS has performed better with a 15.31% return vs 11.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMFS or DSMC?

OMFS is cheaper with a 0.39% expense ratio, compared with 0.55% for DSMC.

Which ETF pays a higher dividend yield, OMFS or DSMC?

DSMC has the higher dividend yield at 1.13%, compared with 1.08% for OMFS.

What is the main difference between OMFS and DSMC?

They also come from different issuers: Invesco and Distillate. Their fees differ too: 0.39% for OMFS and 0.55% for DSMC.

Which has better risk-adjusted returns?

OMFS currently has the higher Sharpe Ratio (1.67 vs 1.19), 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.