Correlation
The correlation between ROUS and OMFL is 0.84, 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.
ROUS vs. OMFL
Compare and contrast key facts about Hartford Multifactor US Equity ETF (ROUS) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).
ROUS and OMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROUS is a passively managed fund by The Hartford that tracks the performance of the Hartford Multi-factor Large Cap Index. It was launched on Feb 25, 2015. 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 ROUS 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: ROUS or OMFL.
Performance
ROUS vs. OMFL - Performance Comparison
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Key characteristics
ROUS:
0.69
OMFL:
0.33
ROUS:
1.06
OMFL:
0.62
ROUS:
1.15
OMFL:
1.08
ROUS:
0.70
OMFL:
0.41
ROUS:
2.68
OMFL:
1.31
ROUS:
4.14%
OMFL:
4.82%
ROUS:
16.56%
OMFL:
18.30%
ROUS:
-35.51%
OMFL:
-33.24%
ROUS:
-3.39%
OMFL:
-2.43%
Returns By Period
In the year-to-date period, ROUS achieves a 2.65% return, which is significantly lower than OMFL's 3.36% return.
ROUS
2.65%
4.69%
-2.84%
11.28%
10.70%
13.61%
9.72%
OMFL
3.36%
5.49%
1.60%
5.95%
8.01%
13.74%
N/A
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ROUS vs. OMFL - Expense Ratio Comparison
ROUS has a 0.19% expense ratio, which is lower than OMFL's 0.29% expense ratio.
Risk-Adjusted Performance
ROUS vs. OMFL — Risk-Adjusted Performance Rank
ROUS
OMFL
ROUS vs. OMFL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor US Equity ETF (ROUS) 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.
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Dividends
ROUS vs. OMFL - Dividend Comparison
ROUS's dividend yield for the trailing twelve months is around 1.65%, more than OMFL's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ROUS Hartford Multifactor US Equity ETF | 1.65% | 1.62% | 1.91% | 1.88% | 1.38% | 2.01% | 2.12% | 1.89% | 1.54% | 1.97% | 1.62% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 0.95% | 1.22% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% |
Drawdowns
ROUS vs. OMFL - Drawdown Comparison
The maximum ROUS drawdown since its inception was -35.51%, which is greater than OMFL's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for ROUS and OMFL.
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Volatility
ROUS vs. OMFL - Volatility Comparison
Hartford Multifactor US Equity ETF (ROUS) has a higher volatility of 4.19% compared to Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) at 3.91%. This indicates that ROUS'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.
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