OMFL vs QQQ
OMFL vs QQQ
Invesco Russell 1000 Dynamic Multifactor ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. OMFL offers more diversification with 571 holdings.
Side-by-Side Comparison
| Metric | OMFL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $4.7B | $455.8B | |
| Dividend Yield | 0.81% | 0.41% | |
| Holdings | 481 | 108 | |
| YTD Return | +12.19% | +12.48% | |
| 1Y Return | +19.08% | +22.35% | |
| 3Y Return (annualized) | +12.03% | +22.30% | |
| 5Y Return (annualized) | +9.40% | +14.24% | |
| Volatility (annualized) | 17.4% | 30.6% | |
| Max Drawdown | -33.2% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Mar 10, 1999 |
OMFL vs QQQ Performance
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year OMFL returned +19.08% while QQQ returned +22.35%. Year to date, OMFL is up 12.19% versus a gain of 12.48% for QQQ.
Over three years, OMFL compounded at +12.03% per year against +22.30% for QQQ; over five years the annualized figures are +9.40% and +14.24% respectively. Across the full 9-year window we track, OMFL has the edge at +13.85% annualized vs +12.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 17.4% 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 -33.2% for OMFL and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
OMFL charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, OMFL currently yields 0.81% against 0.41% for QQQ.
Holdings Overlap
OMFL and QQQ share 77 holdings out of 597 unique holdings combined, representing a 48.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in OMFL | Weight in QQQ | Difference |
|---|---|---|---|
| AAPL | 7.85% | 7.46% | 0.39% |
| NVDA | 4.77% | 7.88% | 3.11% |
| MSFT | 4.85% | 4.65% | 0.20% |
| GOOGL | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
See all 10 holdings OMFL shares with QQQ Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, OMFL or QQQ?
OMFL has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, OMFL or QQQ?
Over the past year OMFL returned +19.08% vs +22.35% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (9 years), OMFL annualized +13.85% vs +12.91% for QQQ. Past performance does not guarantee future results.
Which is riskier, OMFL or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 17.4% for OMFL. Worst drawdown: OMFL -33.2% vs QQQ -83.0%.
Should I hold both OMFL and QQQ?
OMFL and QQQ have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between OMFL and QQQ?
OMFL and QQQ share 77 common holdings with a 48.8% weight overlap. Combined, they hold 597 unique securities.
Which pays a higher dividend, OMFL or QQQ?
OMFL yields 0.81% while QQQ yields 0.41%, so OMFL currently pays the higher dividend yield.
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