OMFS vs. IWO
Compare and contrast key facts about Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and iShares Russell 2000 Growth ETF (IWO).
OMFS and IWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OMFS is a passively managed fund by Invesco that tracks the performance of the Russell 2000 Invesco Dynamic Multifactor Index. It was launched on Nov 8, 2017. IWO is a passively managed fund by iShares that tracks the performance of the Russell 2000 Growth Index. It was launched on Jul 24, 2000. Both OMFS and IWO 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: OMFS or IWO.
Correlation
The correlation between OMFS and IWO is 0.77, 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
OMFS vs. IWO - Performance Comparison
Key characteristics
OMFS:
0.22
IWO:
0.73
OMFS:
0.47
IWO:
1.14
OMFS:
1.05
IWO:
1.13
OMFS:
0.22
IWO:
0.57
OMFS:
0.76
IWO:
3.74
OMFS:
6.19%
IWO:
4.18%
OMFS:
21.56%
IWO:
21.54%
OMFS:
-42.50%
IWO:
-60.10%
OMFS:
-8.91%
IWO:
-12.18%
Returns By Period
In the year-to-date period, OMFS achieves a 4.58% return, which is significantly lower than IWO's 15.07% return.
OMFS
4.58%
-5.01%
13.72%
6.19%
8.24%
N/A
IWO
15.07%
-3.31%
11.59%
18.25%
6.75%
8.10%
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OMFS vs. IWO - Expense Ratio Comparison
OMFS has a 0.39% expense ratio, which is higher than IWO's 0.24% expense ratio.
Risk-Adjusted Performance
OMFS vs. IWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and iShares Russell 2000 Growth ETF (IWO). 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
OMFS vs. IWO - Dividend Comparison
OMFS's dividend yield for the trailing twelve months is around 1.35%, more than IWO's 0.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OMFS Invesco Russell 2000 Dynamic Multifactor ETF | 1.35% | 1.28% | 1.83% | 0.66% | 1.07% | 1.29% | 1.50% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
IWO iShares Russell 2000 Growth ETF | 0.80% | 0.73% | 0.75% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% | 0.73% | 0.72% |
Drawdowns
OMFS vs. IWO - Drawdown Comparison
The maximum OMFS drawdown since its inception was -42.50%, smaller than the maximum IWO drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for OMFS and IWO. For additional features, visit the drawdowns tool.
Volatility
OMFS vs. IWO - Volatility Comparison
The current volatility for Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is 5.87%, while iShares Russell 2000 Growth ETF (IWO) has a volatility of 6.29%. This indicates that OMFS experiences smaller price fluctuations and is considered to be less risky than IWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.