QQQS vs. OMFL
Compare and contrast key facts about Invesco NASDAQ Future Gen 200 ETF (QQQS) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).
QQQS and OMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQS is a passively managed fund by Invesco that tracks the performance of the Nasdaq Innovators Completion Cap Total Return Index. It was launched on Oct 13, 2022. 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. Both QQQS and OMFL 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: QQQS or OMFL.
Performance
QQQS vs. OMFL - Performance Comparison
Returns By Period
In the year-to-date period, QQQS achieves a 3.74% return, which is significantly lower than OMFL's 6.74% return.
QQQS
3.74%
-1.11%
4.31%
24.25%
N/A
N/A
OMFL
6.74%
0.85%
1.56%
15.85%
12.65%
N/A
Key characteristics
| QQQS | OMFL | |
|---|---|---|
| Sharpe Ratio | 0.79 | 1.10 |
| Sortino Ratio | 1.25 | 1.55 |
| Omega Ratio | 1.14 | 1.20 |
| Calmar Ratio | 0.68 | 1.17 |
| Martin Ratio | 3.01 | 3.45 |
| Ulcer Index | 7.20% | 4.52% |
| Daily Std Dev | 27.56% | 14.14% |
| Max Drawdown | -38.06% | -33.24% |
| Current Drawdown | -15.31% | -2.27% |
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QQQS vs. OMFL - Expense Ratio Comparison
QQQS has a 0.20% expense ratio, which is lower than OMFL's 0.29% expense ratio.
Correlation
The correlation between QQQS and OMFL is 0.72, 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.
Risk-Adjusted Performance
QQQS vs. OMFL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Future Gen 200 ETF (QQQS) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL). 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
QQQS vs. OMFL - Dividend Comparison
QQQS's dividend yield for the trailing twelve months is around 0.80%, less than OMFL's 1.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QQQS Invesco NASDAQ Future Gen 200 ETF | 0.80% | 0.68% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.30% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% |
Drawdowns
QQQS vs. OMFL - Drawdown Comparison
The maximum QQQS drawdown since its inception was -38.06%, which is greater than OMFL's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for QQQS and OMFL. For additional features, visit the drawdowns tool.
Volatility
QQQS vs. OMFL - Volatility Comparison
Invesco NASDAQ Future Gen 200 ETF (QQQS) has a higher volatility of 7.53% compared to Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) at 4.28%. This indicates that QQQS's price experiences larger fluctuations and is considered to be riskier than OMFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.