SPGP vs. OMFL
Compare and contrast key facts about Invesco S&P 500 GARP ETF (SPGP) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).
SPGP and OMFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. 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 SPGP 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: SPGP or OMFL.
Correlation
The correlation between SPGP and OMFL is 0.83, 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
SPGP vs. OMFL - Performance Comparison
Key characteristics
SPGP:
0.55
OMFL:
0.50
SPGP:
0.84
OMFL:
0.76
SPGP:
1.10
OMFL:
1.10
SPGP:
0.85
OMFL:
0.53
SPGP:
2.50
OMFL:
1.57
SPGP:
3.25%
OMFL:
4.53%
SPGP:
14.86%
OMFL:
14.21%
SPGP:
-42.08%
OMFL:
-33.24%
SPGP:
-7.45%
OMFL:
-3.69%
Returns By Period
The year-to-date returns for both stocks are quite close, with SPGP having a 7.30% return and OMFL slightly lower at 7.18%.
SPGP
7.30%
-4.57%
1.47%
6.89%
11.82%
13.46%
OMFL
7.18%
0.46%
3.75%
8.96%
11.81%
N/A
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SPGP vs. OMFL - Expense Ratio Comparison
SPGP has a 0.36% expense ratio, which is higher than OMFL's 0.29% expense ratio.
Risk-Adjusted Performance
SPGP vs. OMFL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 GARP ETF (SPGP) 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
SPGP vs. OMFL - Dividend Comparison
SPGP's dividend yield for the trailing twelve months is around 1.00%, less than OMFL's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGP Invesco S&P 500 GARP ETF | 1.00% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
OMFL Invesco Russell 1000 Dynamic Multifactor ETF | 1.08% | 1.37% | 1.55% | 0.95% | 1.48% | 1.53% | 1.39% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPGP vs. OMFL - Drawdown Comparison
The maximum SPGP drawdown since its inception was -42.08%, which is greater than OMFL's maximum drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for SPGP and OMFL. For additional features, visit the drawdowns tool.
Volatility
SPGP vs. OMFL - Volatility Comparison
Invesco S&P 500 GARP ETF (SPGP) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) have volatilities of 4.05% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.