OMFS vs. VIOV

Last updated Aug 2, 2026

OMFS (Invesco Russell 2000 Dynamic Multifactor ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both Small Cap Value Equities funds - OMFS tracks the Russell 2000 Invesco Dynamic Multifactor Index while VIOV tracks the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 5 years, OMFS returned 7.25%/yr vs 8.14%/yr for VIOV. Their correlation of 0.88 means they have usually moved in the same direction. OMFS charges 0.39%/yr vs 0.10%/yr for VIOV.

Performance

OMFS vs. VIOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OMFS achieves a 18.33% return, which is significantly lower than VIOV's 20.41% return.

OMFS

• 1D: -0.51%
• 1M: -1.48%
• 6M: 11.99%
• YTD: 18.33%
• 1Y: 33.45%
• 3Y*: 12.70%
• 5Y*: 7.25%
• 10Y*: —
• ALL TIME*: 10.34%

VIOV

• 1D: 0.17%
• 1M: 0.49%
• 6M: 12.83%
• YTD: 20.41%
• 1Y: 39.50%
• 3Y*: 12.68%
• 5Y*: 8.14%
• 10Y*: 10.33%
• ALL TIME*: 11.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	$494.23K	$429.77K	$649.60K
VIOV Vanguard S&P Small-Cap 600 Value ETF	$4.48M	$4.51M	$5.05M

OMFS vs. VIOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	18.33%	13.34%	3.98%	15.12%	-17.29%	28.60%	15.02%	27.12%	-9.01%	3.83%
VIOV Vanguard S&P Small-Cap 600 Value ETF	20.41%	6.63%	7.44%	15.36%	-11.37%	30.67%	2.81%	24.44%	-12.85%	5.21%

Correlation

The correlation between OMFS and VIOV is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.88

The correlation between OMFS and VIOV has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

OMFS vs. VIOV - Sectors Allocation Comparison

Sectors	OMFS	VIOV
Financial Services	26.7%	20.3%
Healthcare	15.1%	7.5%
Technology	13.9%	13.5%
Real Estate	12.4%	8.5%
Industrials	11.0%	12.2%
Consumer Cyclical	8.9%	15.3%
Energy	3.5%	6.0%
Basic Materials	3.5%	6.1%
Consumer Defensive	3.2%	5.0%
Communication Services	1.2%	3.8%
Utilities	0.7%	2.0%

Return for Risk

OMFS vs. VIOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OMFS

OMFS Risk / Return Rank: 79
OMFS Sharpe Ratio Rank: 77
OMFS Sortino Ratio Rank: 80
OMFS Omega Ratio Rank: 72
OMFS Calmar Ratio Rank: 85
OMFS Martin Ratio Rank: 83

VIOV

VIOV Risk / Return Rank: 88
VIOV Sharpe Ratio Rank: 88
VIOV Sortino Ratio Rank: 89
VIOV Omega Ratio Rank: 85
VIOV Calmar Ratio Rank: 91
VIOV Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OMFS vs. VIOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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	VIOV	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.10	-0.36
Sortino ratio: Return per unit of downside risk	2.59	3.04	-0.45
Omega ratio: Gain probability vs. loss probability	1.30	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	3.29	4.00	-0.70
Martin ratio: Return relative to average drawdown	11.43	13.68	-2.26

OMFS vs. VIOV - Sharpe Ratio Comparison

The current OMFS Sharpe Ratio is 1.74, which is comparable to the VIOV Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of OMFS and VIOV, 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. VIOV - Drawdown Comparison

The maximum OMFS drawdown since its inception was -42.50%, smaller than the maximum VIOV drawdown of -47.36%. Use the drawdown chart below to compare losses from any high point for OMFS and VIOV.

Drawdown Indicators

	OMFS	VIOV	Difference
Max Drawdown Largest peak-to-trough decline	-42.50%	-47.36%	+4.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-9.33%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.35%	-28.44%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	-29.22%	-28.44%	-0.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.36%	—
Current Drawdown Current decline from peak	-2.10%	-1.44%	-0.66%
Average Drawdown Average peak-to-trough decline	-10.31%	-7.31%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	2.72%	-0.02%

Volatility

OMFS vs. VIOV - Volatility Comparison

Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) has a higher volatility of 3.76% compared to Vanguard S&P Small-Cap 600 Value ETF (VIOV) at 3.57%. This indicates that OMFS's price experiences larger fluctuations and is considered to be riskier than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OMFS	VIOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.57%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	12.21%	11.07%	+1.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.70%	17.78%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.22%	21.67%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	23.82%	+0.34%

OMFS vs. VIOV - Expense Ratio Comparison

OMFS has a 0.39% expense ratio, which is higher than VIOV's 0.10% expense ratio.

Dividends

OMFS vs. VIOV - Dividend Comparison

OMFS's dividend yield for the trailing twelve months is around 1.09%, less than VIOV's 1.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OMFS Invesco Russell 2000 Dynamic Multifactor ETF	1.09%	0.80%	1.87%	1.27%	1.84%	0.66%	1.07%	1.29%	1.50%	0.34%	0.00%	0.00%
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.68%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%

Frequently Asked Questions

Can I hold both OMFS and VIOV in my portfolio?

OMFS and VIOV have a correlation of 0.88, 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 VIOV?

OMFS has higher volatility (3.76%) compared to VIOV (3.57%). In terms of maximum drawdown, OMFS dropped -42.50% vs VIOV's -47.36%.

Which ETF is better, OMFS or VIOV?

On 5-year performance, VIOV leads with 8.14% vs 7.25% for OMFS. On fees, VIOV is cheaper at 0.10% per year. On volatility, VIOV has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OMFS or VIOV?

Over the 5-year period, VIOV has performed better with a 8.14% return vs 7.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OMFS or VIOV?

VIOV is cheaper with a 0.10% expense ratio, compared with 0.39% for OMFS.

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

VIOV has the higher dividend yield at 1.68%, compared with 1.09% for OMFS.

What is the main difference between OMFS and VIOV?

OMFS tracks Russell 2000 Invesco Dynamic Multifactor Index, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for OMFS and 0.10% for VIOV.

Which has better risk-adjusted returns?

VIOV currently has the higher Sharpe Ratio (2.10 vs 1.74), 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.