OMFL vs PBDC
Invesco Russell 1000 Dynamic Multifactor ETF vs Putnam BDC Income ETF
Which is better, OMFL or PBDC?
OMFL has been ahead.
OMFL has a lower expense ratio. OMFL led over 1Y, 3Y and the full window. OMFL is less concentrated, with 37.0% of the fund in its ten largest positions against 69.8%.
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 | OMFL | PBDC |
|---|---|---|
| Expense Ratio | 0.29%Best | 11.77% |
| AUM | $4.8B | $269M |
| Dividend Yield | 0.84% | 11.33% |
| Holdings | 1,272 | 28 |
| YTD Return | +15.31%Best | -13.78% |
| 1Y Return | +18.97%Best | -10.37% |
| 3Y Return (annualized) | +16.52%Best | +2.54% |
| 5Y Return (annualized) | +9.22% | - |
| Volatility (annualized) | 14.8%Best | 15.2% |
| Max Drawdown | -15.5%Best | -20.5% |
| $10,000 over 4 years | $18,797Best | $14,662 |
| Top 10 Weight | 37.0%Best | 69.8% |
| Fund Family | Invesco (US) | Putnam Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 8, 2017 | Sep 29, 2022 |
Volatility and max drawdown, and the $10,000 over 4 years row, are measured over the window both funds cover: Sep 30, 2022 to Oct 14, 2026 (4 years).
OMFL vs PBDC 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 4 years both funds cover.
OMFL vs PBDC Performance
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is an ETF from Invesco (US) and Putnam BDC Income ETF (PBDC) is an ETF from Putnam Investments. Over the past year OMFL returned +18.97% while PBDC returned -10.37%. Year to date, OMFL is up 15.31% versus a loss of 13.78% for PBDC.
Over three years, OMFL compounded at +16.52% per year against +2.54% for PBDC. Across the full 4-year window we track, OMFL has the edge at +17.09% annualized vs +10.04%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PBDC has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.8% for OMFL. 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 -15.5% for OMFL and -20.5% for PBDC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
OMFL charges 0.29% per year while PBDC charges 11.77%. On a $10,000 position that is $29 vs $1177 annually, a gap of $1148 per year that compounds over a long holding period. On income, OMFL currently yields 0.84% against 11.33% for PBDC.
Holdings Overlap
We hold position weights for 577 holdings in OMFL and 27 in PBDC, totalling 99.3% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 577 positions we hold weights for in OMFL and 27 in PBDC, against full books of 1,272 and 28.
What only one of them owns
Measured across the 577 and 27 positions we hold weights for.
OMFL holds 550 positions PBDC does not, 98.9% of the fund.
Largest: AAPL 9.03%, MSFT 6.62%, NVDA 5.56%, GOOGL 2.99%, V 2.86%
You are not choosing between two funds in isolation.
Whichever of OMFL and PBDC you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, OMFL or PBDC?
OMFL has an expense ratio of 0.29% while PBDC charges 11.77%. OMFL is the cheaper option, by $1148 a year on a $10,000 investment.
Which performed better, OMFL or PBDC?
Over the past year OMFL returned +18.97% vs -10.37% for PBDC, so OMFL leads on 1-year performance. Over the longest common window we track (4 years), OMFL annualized +17.09% vs +10.04% for PBDC. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OMFL or PBDC?
PBDC has been the more volatile fund at 15.2% annualized versus 14.8% for OMFL. Worst drawdown: OMFL -15.5% vs PBDC -20.5%.
Should I hold both OMFL and PBDC?
OMFL and PBDC have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, OMFL or PBDC?
OMFL yields 0.84% while PBDC yields 11.33%, so PBDC currently pays the higher dividend yield.
Is PBDC better than OMFL?
OMFL has a lower expense ratio. OMFL led over 1Y, 3Y and the full window. OMFL is less concentrated, with 37.0% of the fund in its ten largest positions against 69.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.