IWV vs OMFL
iShares Russell 3000 ETF vs Invesco Russell 1000 Dynamic Multifactor ETF
Which is better, IWV or OMFL?
Each has led over a different period.
IWV has a lower expense ratio. IWV led over 3Y and 5Y, OMFL over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWV is less concentrated, with 34.6% 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 | IWV | OMFL |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.29% |
| AUM | $20.7B | $4.8B |
| Dividend Yield | 0.88% | 0.84% |
| Holdings | 5,163 | 1,272 |
| YTD Return | +12.89% | +15.31%Best |
| 1Y Return | +16.39% | +18.97%Best |
| 3Y Return (annualized) | +21.75%Best | +16.52% |
| 5Y Return (annualized) | +11.91%Best | +9.22% |
| Volatility (annualized) | 16.6%Best | 17.2% |
| Max Drawdown | -35.2% | -33.2%Best |
| $10,000 over 5 years | $17,553Best | $15,542 |
| Top 10 Weight | 34.6%Best | 37.0% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 22, 2000 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 10, 2017 to Oct 14, 2026 (8.9 years).
IWV 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 8.9 years both funds cover.
IWV vs OMFL Performance
iShares Russell 3000 ETF (IWV) is an ETF from iShares by BlackRock (US) and Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US). Over the past year IWV returned +16.39% while OMFL returned +18.97%. Year to date, IWV is up 12.89% versus a gain of 15.31% for OMFL.
Over three years, IWV compounded at +21.75% per year against +16.52% for OMFL; over five years the annualized figures are +11.91% and +9.22% respectively. Across the full 9-year window we track, OMFL has the edge at +13.86% annualized vs +13.31%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
OMFL has been the more volatile fund, with annualized monthly volatility of 17.2% compared with 16.6% for IWV. 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 -35.2% for IWV and -33.2% 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWV charges 0.20% per year while OMFL charges 0.29%. On a $10,000 position that is $20 vs $29 annually, a gap of $9 per year that compounds over a long holding period. On income, IWV currently yields 0.88% against 0.84% for OMFL.
Holdings Overlap
80.7% of IWV's money is in holdings OMFL also owns. 96.1% of OMFL's money is in holdings IWV also owns.
Most of OMFL is already inside IWV. Owning both mostly buys the same companies twice.
562 positions in common, counted across the 2,586 positions we hold weights for in IWV and 577 in OMFL, against full books of 5,163 and 1,272.
What only one of them owns
Our book lists 9 positions for OMFL that do not appear in our book for IWV (3.0% of the fund), and 586 for IWV that do not appear in OMFL (15.7%).
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 IWV | Weight in OMFL | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.50% | 9.03% | 2.53% |
| NVDANvidia Corp | 7.33% | 5.56% | 1.77% |
| MSFTMicrosoft Corp | 5.18% | 6.62% | 1.44% |
| GOOGLAlphabet Inc | 2.68% | 2.99% | 0.31% |
| AMZNAmazon.Com Inc | 3.28% | 1.88% | 1.40% |
| GOOGAlphabet Inc. C | 2.17% | 2.42% | 0.25% |
| METAMeta Platforms Inc | 2.17% | 1.40% | 0.77% |
| LLYEli Lilly & Co. | 1.25% | 1.90% | 0.65% |
| AVGOBroadcom Inc | 2.17% | 0.82% | 1.35% |
| VVisa Inc Class A | 0.00% | 2.86% | 2.86% |
96.1% of OMFL is already inside IWV.
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, IWV or OMFL?
IWV has an expense ratio of 0.20% while OMFL charges 0.29%. IWV is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, IWV or OMFL?
Over the past year IWV returned +16.39% vs +18.97% for OMFL, so OMFL leads on 1-year performance. Over the longest common window we track (9 years), IWV annualized +13.31% vs +13.86% for OMFL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWV or OMFL?
OMFL has been the more volatile fund at 17.2% annualized versus 16.6% for IWV. Worst drawdown: IWV -35.2% vs OMFL -33.2%.
Should I hold both IWV and OMFL?
IWV and OMFL have a monthly-return correlation of 0.91, 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 IWV and OMFL?
96.1% of OMFL's money is in holdings IWV also owns. 96.1% of OMFL's is in holdings IWV also owns. They hold 562 positions in common, counted across the 2,586 positions we hold weights for in IWV and 577 in OMFL.
Which pays a higher dividend, IWV or OMFL?
IWV yields 0.88% while OMFL yields 0.84%, so IWV currently pays the higher dividend yield.
Is OMFL better than IWV?
IWV has a lower expense ratio. IWV led over 3Y and 5Y, OMFL over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWV is less concentrated, with 34.6% 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.