DFAU vs OMFL
Dimensional US Core Equity Market ETF vs Invesco Russell 1000 Dynamic Multifactor ETF
Which is better, DFAU or OMFL?
Each has led over a different period.
DFAU has a lower expense ratio. DFAU led over 3Y, 5Y and the full window, OMFL over 1Y. The two have moved almost in lockstep, correlation 0.92. DFAU is less concentrated, with 34.0% of the fund in its ten largest positions against 37.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DFAU | OMFL |
|---|---|---|
| Expense Ratio | 0.12%Best | 0.29% |
| AUM | $13.1B | $4.8B |
| Dividend Yield | 0.90% | 0.84% |
| Holdings | 2,124 | 1,272 |
| YTD Return | +13.34% | +15.31%Best |
| 1Y Return | +17.35% | +18.97%Best |
| 3Y Return (annualized) | +21.60%Best | +16.52% |
| 5Y Return (annualized) | +12.53%Best | +9.22% |
| Volatility (annualized) | 14.9%Best | 15.4% |
| Max Drawdown | -23.6% | -22.4%Best |
| $10,000 over 5 years | $18,044Best | $15,542 |
| Top 10 Weight | 34.0%Best | 37.0% |
| Fund Family | Dimensional | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 17, 2020 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 18, 2020 to Oct 14, 2026 (5.9 years).
DFAU vs OMFL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.9 years both funds cover.
DFAU vs OMFL Performance
Dimensional US Core Equity Market ETF (DFAU) is an ETF from Dimensional and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US). Over the past year DFAU returned +17.35% while OMFL returned +18.97%. Year to date, DFAU is up 13.34% versus a gain of 15.31% for OMFL.
Over three years, DFAU compounded at +21.60% per year against +16.52% for OMFL; over five years the annualized figures are +12.53% and +9.22% respectively. Across the full 6-year window we track, DFAU has the edge at +15.04% annualized vs +13.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OMFL has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.9% for DFAU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for DFAU and -22.4% for OMFL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFAU charges 0.12% per year while OMFL charges 0.29%. On a $10,000 position that is $12 vs $29 annually, a gap of $17 per year that compounds over a long holding period. On income, DFAU currently yields 0.90% against 0.84% for OMFL.
Holdings Overlap
82.4% of DFAU's money is in holdings OMFL also owns. 96.6% of OMFL's money is in holdings DFAU also owns.
Most of OMFL is already inside DFAU. Owning both mostly buys the same companies twice.
527 positions in common, counted across the 2,205 positions we hold weights for in DFAU and 577 in OMFL, against full books of 2,124 and 1,272.
What only one of them owns
Our book lists 37 positions for OMFL that do not appear in our book for DFAU (2.5% of the fund), and 648 for DFAU that do not appear in OMFL (15.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DFAU | Weight in OMFL | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.81% | 9.03% | 2.22% |
| NVDANvidia Corp | 6.99% | 5.56% | 1.43% |
| MSFTMicrosoft Corp | 5.31% | 6.62% | 1.31% |
| GOOGLAlphabet Inc | 2.56% | 2.99% | 0.43% |
| AMZNAmazon.Com Inc | 3.34% | 1.88% | 1.46% |
| GOOGAlphabet Inc. C | 2.11% | 2.42% | 0.31% |
| VVisa Inc Class A | 0.75% | 2.86% | 2.11% |
| METAMeta Platforms Inc | 1.87% | 1.40% | 0.47% |
| LLYEli Lilly & Co. | 1.18% | 1.90% | 0.72% |
| AVGOBroadcom Inc | 2.15% | 0.82% | 1.33% |
96.6% of OMFL is already inside DFAU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DFAU or OMFL?
DFAU has an expense ratio of 0.12% while OMFL charges 0.29%. DFAU is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, DFAU or OMFL?
Over the past year DFAU returned +17.35% vs +18.97% for OMFL, so OMFL leads on 1-year performance. Over the longest common window we track (6 years), DFAU annualized +15.04% vs +13.00% for OMFL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DFAU or OMFL?
OMFL has been the more volatile fund at 15.4% annualized versus 14.9% for DFAU. Worst drawdown: DFAU -23.6% vs OMFL -22.4%.
Should I hold both DFAU and OMFL?
DFAU and OMFL have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DFAU and OMFL?
96.6% of OMFL's money is in holdings DFAU also owns. 96.6% of OMFL's is in holdings DFAU also owns. They hold 527 positions in common, counted across the 2,205 positions we hold weights for in DFAU and 577 in OMFL.
Which pays a higher dividend, DFAU or OMFL?
DFAU yields 0.90% while OMFL yields 0.84%, so DFAU currently pays the higher dividend yield.
Is OMFL better than DFAU?
DFAU has a lower expense ratio. DFAU led over 3Y, 5Y and the full window, OMFL over 1Y. The two have moved almost in lockstep, correlation 0.92. DFAU is less concentrated, with 34.0% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.