OMFS vs. TCV

Last updated Jul 12, 2026

OMFS (Invesco Russell 2000 Dynamic Multifactor ETF) and TCV (Towle Value ETF) are both Small Cap Value Equities funds. OMFS is passively managed, while TCV is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. OMFS charges 0.39%/yr vs 0.85%/yr for TCV.

Performance

OMFS vs. TCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Towle Value ETF (TCV). 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 lower than TCV's 25.62% return.

OMFS

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

TCV

• 1D: 0.52%
• 1M: -0.17%
• 6M: 14.91%
• YTD: 25.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OMFS vs. TCV - Yearly Performance Comparison

	2026 (YTD)	2025
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	19.80%	9.87%
TCV Towle Value ETF	25.62%	2.99%

Correlation

The correlation between OMFS and TCV is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 17, 2025	0.73

Return for Risk

OMFS vs. TCV — 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

TCV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Towle Value ETF (TCV). 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	TCV	Difference
Sharpe ratio: Return per unit of total volatility	1.67	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.18	—	—
Martin ratio: Return relative to average drawdown	10.94	—	—

Drawdowns

OMFS vs. TCV - Drawdown Comparison

The maximum OMFS drawdown since its inception was -42.50%, which is greater than TCV's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for OMFS and TCV.

Drawdown Indicators

	OMFS	TCV	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-12.23%	-30.27%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.22%	—	—
Current Drawdown Current decline from peak	-0.89%	-0.17%	-0.72%
Average Drawdown Average peak-to-trough decline	-10.37%	-3.34%	-7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	—	—

Volatility

Volatility by Period

	OMFS	TCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	21.22%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	21.22%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.22%	21.22%	+3.00%

OMFS vs. TCV - Expense Ratio Comparison

OMFS has a 0.39% expense ratio, which is lower than TCV's 0.85% expense ratio.

Dividends

OMFS vs. TCV - Dividend Comparison

OMFS's dividend yield for the trailing twelve months is around 1.08%, more than TCV's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TCV Towle Value ETF	0.57%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OMFS and TCV in my portfolio?

OMFS and TCV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OMFS or TCV?

On fees, OMFS is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OMFS or TCV?

OMFS is cheaper with a 0.39% expense ratio, compared with 0.85% for TCV.

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

OMFS has the higher dividend yield at 1.08%, compared with 0.57% for TCV.

What is the main difference between OMFS and TCV?

They also come from different issuers: Invesco and Towle. Their fees differ too: 0.39% for OMFS and 0.85% for TCV.