OMFS vs SMLL
Invesco Russell 2000 Dynamic Multifactor ETF vs Harbor Active Small Cap ETF
Which is better, OMFS or SMLL?
OMFS has been ahead.
OMFS has a lower expense ratio. OMFS led over 1Y and the full window. OMFS is less concentrated, with 12.0% of the fund in its ten largest positions against 36.3%.
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 | OMFS | SMLL |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.80% |
| AUM | $264M | $12M |
| Dividend Yield | 1.30% | 1.63% |
| Holdings | 2,228 | 103 |
| YTD Return | +8.89%Best | +2.49% |
| 1Y Return | +10.32%Best | -0.71% |
| 3Y Return (annualized) | +14.55% | - |
| 5Y Return (annualized) | +4.67% | - |
| Volatility (annualized) | 15.9%Best | 17.4% |
| Max Drawdown | -22.4%Best | -23.6% |
| $10,000 over 2.1 years | $12,704Best | $10,541 |
| Top 10 Weight | 12.0%Best | 36.3% |
| Fund Family | Invesco (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Nov 8, 2017 | Aug 27, 2024 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Aug 29, 2024 to Oct 14, 2026 (2.1 years).
OMFS vs SMLL 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 2.1 years both funds cover.
OMFS vs SMLL Performance
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) is an ETF from Invesco (US) and Harbor Active Small Cap ETF (SMLL) is an ETF from Harbor Funds. Over the past year OMFS returned +10.32% while SMLL returned -0.71%. Year to date, OMFS is up 8.89% versus a gain of 2.49% for SMLL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SMLL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 15.9% for OMFS. 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 -22.4% for OMFS and -23.6% for SMLL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OMFS charges 0.39% per year while SMLL charges 0.80%. On a $10,000 position that is $39 vs $80 annually, a gap of $41 per year that compounds over a long holding period. On income, OMFS currently yields 1.30% against 1.63% for SMLL.
Holdings Overlap
2.6% of OMFS's money is in holdings SMLL also owns. 26.4% of SMLL's money is in holdings OMFS also owns.
SMLL and OMFS share little of their money.
13 positions in common, counted across the 933 positions we hold weights for in OMFS and 51 in SMLL, against full books of 2,228 and 103.
What only one of them owns
Our book lists 38 positions for SMLL that do not appear in our book for OMFS (71.0% of the fund), and 870 for OMFS that do not appear in SMLL (90.7%).
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 OMFS | Weight in SMLL | Difference |
|---|---|---|---|
| UBSIUnited Bankshares Inc/Wv | 0.27% | 3.38% | 3.11% |
| PLOWDouglas Dynamics, Inc. | 0.06% | 3.48% | 3.42% |
| RLJRlj Lodging Trust | 0.05% | 2.92% | 2.87% |
| APAMArtisan Partners Asset Management, Inc. | 0.34% | 2.51% | 2.17% |
| RELYRemitly Global, Inc. | 0.15% | 2.40% | 2.25% |
| LBRTLiberty Oilfield Services, Inc. | 0.03% | 2.26% | 2.23% |
| HLMNHillman Solutions Corp | 0.01% | 2.10% | 2.09% |
| FRSHFreshworks Inc-Cl A | 0.25% | 1.76% | 1.51% |
| PECOPhillips Edison & Company Inc. | 0.29% | 1.63% | 1.34% |
| MCMoelis & Co_None_0 | 0.79% | 1.10% | 0.31% |
26.4% of SMLL is already inside OMFS.
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, OMFS or SMLL?
OMFS has an expense ratio of 0.39% while SMLL charges 0.80%. OMFS is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, OMFS or SMLL?
Over the past year OMFS returned +10.32% vs -0.71% for SMLL, so OMFS leads on 1-year performance. Over the longest common window we track (2 years), OMFS annualized +12.07% vs +2.54% for SMLL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, OMFS or SMLL?
SMLL has been the more volatile fund at 17.4% annualized versus 15.9% for OMFS. Worst drawdown: OMFS -22.4% vs SMLL -23.6%.
Should I hold both OMFS and SMLL?
OMFS and SMLL have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between OMFS and SMLL?
26.4% of SMLL's money is in holdings OMFS also owns. 26.4% of SMLL's is in holdings OMFS also owns. They hold 13 positions in common, counted across the 933 positions we hold weights for in OMFS and 51 in SMLL.
Which pays a higher dividend, OMFS or SMLL?
OMFS yields 1.30% while SMLL yields 1.63%, so SMLL currently pays the higher dividend yield.
Is SMLL better than OMFS?
OMFS has a lower expense ratio. OMFS led over 1Y and the full window. OMFS is less concentrated, with 12.0% of the fund in its ten largest positions against 36.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.