ILCV vs OMFL: Grades, Fees and Holdings Compared

iShares Morningstar Value ETF

ILCVANYSE Arca

Invesco Russell 1000 Dynamic Multifactor ETF

OMFLACboe

Overlap

55.4%by weight

Expense ratio

ILCV −0.25pt a year

ILCV0.04%OMFL0.29%

Avg volume · 30D

OMFL 6.9×the volume

ILCV25.1KOMFL172K

5Y return · a year

ILCV +4.1pt

ILCV+12.5%OMFL+8.4%

ILCV vs OMFL Performance

Nov 9, 2021 – Nov 9, 2026

+79.9%ILCV+49.4%OMFL

Expense ratio: ILCV 0.04%, better; OMFL 0.29%
Fund size: ILCV $1.37B; OMFL $4.6B
1Y total return: ILCV +22.4%, better; OMFL +20.1%
Yield (12M): ILCV 1.50%, better; OMFL 0.82%
Holdings: ILCV 374; OMFL 634
Avg volume (30D): ILCV 25.1K sh; OMFL 172K sh, better
NAV per share: ILCV $108.28; OMFL $69.62
52W range

ETF.net Grade

Pillar letters and Scores for ILCV, OMFL, with each pillar’s weight
Pillar	ILCV	OMFL
Cost30% weight	A99Higher	B55
Mission25% weight	A82	A98Higher
Risk15% weight	A91Higher	B58
Tradability15% weight	B62	A91Higher
Holdings10% weight	D39Higher	D36
Durability5% weight	A82Higher	A74

Rank among US Multifactor funds

How we build Categories ›

Same Category. ILCV and OMFL are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

ILCV ranks 2nd and OMFL 24th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 24AJPUSJPMorgan Diversified Return U.S. Equity ETFScore 70
Rank 24AOMFLInvesco Russell 1000 Dynamic Multifactor ETFScore 70
Rank 27BROUSHartford Multifactor US Equity ETFScore 69

Our read on each fund

ETF.net Research

ILCVAiShares Morningstar Value ETF

OMFLAInvesco Russell 1000 Dynamic Multifactor ETF

In short

ILCV Value done the thorough way: roughly 400 large- and mid-cap US stocks screened on five separate value measures, not just cheap book value. Running since 2004 at four basis points, it's one of the cheapest tickets into the value factor.

OMFL Four factor tilts (value, momentum, quality, low volatility) packed into one rules-based Russell 1000 index, for less than the typical multifactor fund charges. The mix is set by the index rulebook, not by a stock picker.

Stated mandate

ILCV The fund seeks to track an index of U.S. large- and mid-cap stocks selected with value-oriented measures including forward earnings, book value, sales, cash flow, and dividend yield.

OMFL The fund seeks to track the investment results of the Russell 1000 Invesco Dynamic Multifactor Index before fees and expenses. It invests at least 80% of assets in index securities using a rules-based approach.

Why people hold it

ILCV Charges 0.04% a year against a 0.32% median for its factor peer group. Undercuts well-regarded rivals like VONV (0.06%) and FNDX (0.25%).
Value gets defined five ways: forward earnings, book value, sales, cash flow and dividend yield. Wider lens than a single price-to-book screen.ishares.com
Spreads the bet across about 400 large- and mid-cap names and distributes quarterly.
Trading since 2004 and now a multi-billion-dollar fund, it ranks among the strongest implementations in its factor cohort.

OMFL Value, momentum, quality and low volatility in one ticker, pulled from the Russell 1000 and set by index rules rather than a manager's call.
0.29% a year, under the 0.32% median for multifactor peers. A modest toll for a portfolio juggling four factors.
Running since 2017 and now a multi-billion-dollar fund that trades with decent regularity, so getting in and out is rarely the hard part.
About 600 names, so the tilts arrive spread wide instead of stacked in a handful of stocks. Distributions land quarterly.

Worth knowing

ILCV One of the quieter tickers in its category. Thin volume means spreads matter more here than on a mega-cap index fund, and limit orders are the usual tool.
Value-only by design. It skips the market's priciest growth leaders, so it moves differently from a total-market fund in both directions.ishares.com
Large and mid caps only. Small-cap value sits outside the mandate.

OMFL Plain large-cap slices cost a fraction: VONV at 0.06%, IUSG at 0.04%. The gap is what the factor machinery costs you.
The rulebook runs it. At least 80% of assets sit in index securities, with nobody stepping in when a factor goes cold.
A rules-built cut of the Russell 1000, weighted its own way, so its path can separate from plain large-cap exposure in either direction.

Full ILCV profile⁠

Full OMFL profile⁠

ILCV vs OMFL Holdings

How ILCV and OMFL differ

Overlap by weight

55.4%

Shared holdings make up 92.9% of ILCV and 71.2% of OMFL.

Level by level

Holdings295 in both55.4%
Sector11 Sectors84.3%
Asset classStocks100%
Countryby domicile99.6%

Sector

Sector weights in ILCV and OMFL, widest gap first
Sector	Gap	ILCV	OMFL
Technology	OMFL +11.2 points	23.0%	34.2%
Financials	ILCV +6.5 points	18.2%	11.7%
Industrials	OMFL +4.0 points	6.9%	10.8%
Energy	ILCV +3.7 points	6.1%	2.4%
Utilities	ILCV +1.8 points	3.1%	1.3%
Consumer Discretionary	ILCV +1.5 points	8.9%	7.4%
Communication	ILCV +1.1 points	8.5%	7.4%
Consumer Staples	ILCV +0.6 points	7.6%	7.0%
Health Care	OMFL +0.6 points	13.8%	14.4%
Real Estate	ILCV +0.2 points	1.7%	1.5%
Materials	ILCV +0.1 points	2.1%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in ILCV and OMFL, widest gap first
Country	Gap	ILCV	OMFL
United States	OMFL +0.3 points	99.2%	99.5%
Switzerland	ILCV +0.1 points	0.4%	0.3%
Canada	OMFL +0.1 points	0.0%	0.1%
Brazil	ILCV +0.1 points	0.1%	0.0%
United Kingdom	ILCV +0.1 points	0.1%	0.0%
China	ILCV +0.1 points	0.1%	0.0%
Ireland	ILCV +0.1 points	0.1%	0.0%
India	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ILCV34.8%
OMFL37.0%

Securities held

ILCV371
OMFL632

Asset class

ILCV: Stocks
OMFL: Stocks

Holdings

Only in ILCV76
In both295
Only in OMFL337

Only in ILCV

76 securities, 6.8% of ILCV by weight

Citigroup0.58%
Lowes Companies Inc0.36%
Oracle0.30%
Phillips 660.28%
Us Bancorp0.27%
Moderna0.26%
Pnc Financial Services Group0.26%
Elevance Health Inc0.26%
Sandisk0.19%
Truist Financial0.17%
Hewlett Packard Enterprise0.17%
Marathon Petroleum0.16%
Metlife0.15%
Strategy Inc Class A0.14%
Prudential Financial Inc0.12%
Mercadolibre0.12%
American International Group0.11%
Bank of New York Mellon Corp0.11%
Realty Income Reit0.10%
Kkr and Co Inc0.10%
Synopsys0.10%
Fiserv Inc0.10%
M&T Bank0.09%
Roper Technologies0.09%
Huntington Bancshares Inc0.09%
Fifth Third Bancorp0.08%
Cardinal Health0.08%
Hp Inc0.08%
State Street0.07%
Ameriprise Finance Inc0.07%
Principal Financial Group Inc0.07%
Omnicom Group Inc0.07%
Carnival Corp Ltd0.07%
Regions Financial0.07%
Dow0.07%
Te Connectivity PLC0.06%
Revolution Medicines0.06%
Amcor PLC0.06%
Cdw0.06%
Keycorp0.06%
Nxp Semiconductors NV0.05%
East West Bancorp0.05%
Kimco Realty Reit Corp0.05%
Genuine Parts0.05%
Performance Food Group0.05%
Apollo Global Management0.05%
Leidos Holdings0.05%
Ss and C Technologies Holdings0.05%
Lyondellbasell Industries Class A0.05%
Northern Trust0.04%

Only in OMFL

337 securities, 28.8% of OMFL by weight

NVIDIA Corp4.47%
Eli Lilly & Co2.27%
Lam Research Corp0.91%
Intuitive Surgical Inc0.82%
Broadcom Inc0.69%
KLA Corp0.68%
General Electric Co0.68%
Applied Materials Inc0.64%
GE Vernova Inc0.61%
Arista Networks Inc0.57%
Netflix Inc0.55%
Moody's Corp0.51%
Advanced Micro Devices Inc0.50%
Fastenal Co0.45%
Cintas Corp0.44%
WW Grainger Inc0.37%
Howmet Aerospace Inc0.37%
IDEXX Laboratories Inc0.34%
Edwards Lifesciences Corp0.34%
MSCI Inc0.32%
Monster Beverage Corp0.30%
Cboe Global Markets Inc0.30%
Airbnb Inc0.29%
Fortinet Inc0.27%
Western Digital Corp0.26%
Johnson Controls International plc0.24%
AMETEK Inc0.24%
Amphenol Corp0.23%
Palo Alto Networks Inc0.21%
Chipotle Mexican Grill Inc0.21%
Aon PLC0.20%
Monolithic Power Systems Inc0.18%
O'Reilly Automotive Inc0.18%
Hilton Worldwide Holdings Inc0.17%
Old Dominion Freight Line Inc0.16%
VeriSign Inc0.16%
Elevance Health Inc0.16%
Comfort Systems USA Inc0.15%
Autodesk Inc0.15%
West Pharmaceutical Services Inc0.14%
Veeva Systems Inc0.13%
Brookfield Asset Management Ltd0.13%
Rockwell Automation Inc0.12%
EMCOR Group Inc0.12%
Ciena Corp0.12%
Cadence Design Systems Inc0.12%
Crowdstrike Holdings Inc0.11%
JB Hunt Transport Services Inc0.10%
Anglogold Ashanti Plc0.10%
Curtiss-Wright Corp0.10%

Weight gaps

The 100 widest of 295 Holdings in both funds.

Holding weights in ILCV and OMFL, widest gap first
Holding	Gap	ILCV	OMFL
JPMorgan Chase & CoJPM	ILCV +2.53 points	2.56%	0.03%
Visa Class AV	OMFL +2.34 points	1.04%	3.38%
AppleAAPL	OMFL +2.14 points	7.20%	9.34%
Berkshire Hathaway Inc Class BBRK.B	ILCV +2.11 points	3.04%	0.93%
Mastercard Class AMA	OMFL +1.93 points	0.65%	2.58%
MicrosoftMSFT	ILCV +1.74 points	8.58%	6.84%
Amazon.com IncAMZN	ILCV +1.36 points	3.32%	1.96%
Meta Platforms Class AMETA	ILCV +1.28 points	2.47%	1.19%
ChevronCVX	ILCV +1.12 points	1.15%	0.03%
Bank of AmericaBAC	ILCV +0.91 points	0.92%	<0.01%
Costco Wholesale CorpCOST	OMFL +0.85 points	0.76%	1.61%
Home DepotHD	ILCV +0.84 points	0.99%	0.15%
Coca-ColaKO	ILCV +0.76 points	1.08%	0.32%
Wells FargoWFC	ILCV +0.72 points	0.73%	<0.01%
Goldman Sachs GroupGS	ILCV +0.72 points	0.73%	<0.01%
Tesla IncTSLA	ILCV +0.70 points	1.11%	0.41%
Exxonmobil Holdings CorpXOM	ILCV +0.68 points	1.97%	1.29%
International Business Machines CoIBM	ILCV +0.66 points	0.67%	0.01%
AbbVieABBV	ILCV +0.64 points	1.48%	0.84%
Merck & Co IncMRK	ILCV +0.61 points	1.04%	0.43%
Morgan StanleyMS	ILCV +0.61 points	0.62%	<0.01%
Thermo Fisher ScientificTMO	ILCV +0.55 points	0.74%	0.19%
RtxRTX	ILCV +0.52 points	0.74%	0.22%
UnitedHealth GroupUNH	ILCV +0.51 points	1.02%	0.51%
Amgen IncAMGN	ILCV +0.50 points	0.72%	0.22%
Vertex PharmaceuticalsVRTX	OMFL +0.47 points	0.28%	0.75%
TjxTJX	OMFL +0.44 points	0.27%	0.71%
Alphabet Class AGOOGL	OMFL +0.42 points	2.08%	2.50%
Mcdonalds CorpMCD	ILCV +0.41 points	0.56%	0.15%
BlackRockBLK	ILCV +0.40 points	0.47%	0.07%
Walt DisneyDIS	ILCV +0.40 points	0.58%	0.18%
Ross Stores IncROST	OMFL +0.40 points	0.06%	0.46%
PepsicoPEP	ILCV +0.39 points	0.56%	0.17%
Trane Technologies PLCTT	OMFL +0.37 points	0.12%	0.49%
PfizerPFE	ILCV +0.37 points	0.48%	0.11%
Nextera EnergyNEE	ILCV +0.37 points	0.52%	0.15%
Johnson & JohnsonJNJ	ILCV +0.37 points	1.92%	1.55%
Mckesson CorpMCK	OMFL +0.37 points	0.26%	0.63%
Simon Property Group Reit IncSPG	OMFL +0.36 points	0.10%	0.46%
Alphabet Class CGOOG	OMFL +0.35 points	1.68%	2.03%
Verizon Communications IncVZ	ILCV +0.33 points	0.55%	0.22%
ChubbCB	ILCV +0.31 points	0.37%	0.06%
Micron TechnologyMU	ILCV +0.31 points	1.01%	0.70%
Linde PLCLIN	ILCV +0.31 points	0.68%	0.37%
Prologis ReitPLD	ILCV +0.31 points	0.35%	0.04%
Cme Group Class ACME	ILCV +0.30 points	0.32%	0.02%
Cisco Systems IncCSCO	OMFL +0.29 points	1.07%	1.36%
Charles SchwabSCHW	ILCV +0.27 points	0.28%	<0.01%
Valero Energy CorpVLO	ILCV +0.28 points	0.29%	0.01%
Capital One Financial CorpCOF	ILCV +0.27 points	0.36%	0.09%
DanaherDHR	ILCV +0.27 points	0.43%	0.16%
Intercontinental Exchange IncICE	ILCV +0.27 points	0.28%	0.01%
Union PacificUNP	ILCV +0.26 points	0.50%	0.24%
American ExpressAXP	ILCV +0.25 points	0.35%	0.10%
AT&TT	ILCV +0.25 points	0.43%	0.18%
Altria Group IncMO	OMFL +0.24 points	0.37%	0.61%
Philip Morris InternationalPM	ILCV +0.24 points	0.89%	0.65%
SalesforceCRM	ILCV +0.22 points	0.49%	0.27%
DeereDE	ILCV +0.23 points	0.26%	0.03%
American Tower ReitAMT	ILCV +0.21 points	0.25%	0.04%
SouthernSO	ILCV +0.21 points	0.31%	0.10%
Medtronic PLCMDT	ILCV +0.21 points	0.38%	0.17%
SlbSLB	ILCV +0.20 points	0.21%	<0.01%
Colgate-PalmoliveCL	OMFL +0.20 points	0.15%	0.35%
Duke Energy CorpDUK	ILCV +0.20 points	0.29%	0.09%
GarminGRMN	OMFL +0.20 points	0.04%	0.24%
NewmontNEM	OMFL +0.19 points	0.37%	0.56%
Target CorpTGT	ILCV +0.20 points	0.21%	0.01%
General MotorsGM	ILCV +0.19 points	0.22%	0.03%
VylorVYLR	OMFL +0.19 points	0.06%	0.25%
Regeneron PharmaceuticalsREGN	OMFL +0.18 points	0.26%	0.44%
Cvs HealthCVS	ILCV +0.18 points	0.31%	0.13%
Travelers CompaniesTRV	ILCV +0.18 points	0.24%	0.06%
Texas InstrumentTXN	OMFL +0.18 points	0.40%	0.58%
United Parcel Service Inc Class BUPS	ILCV +0.17 points	0.23%	0.06%
Bristol Myers SquibbBMY	ILCV +0.18 points	0.37%	0.19%
3MMMM	ILCV +0.17 points	0.28%	0.11%
QualcommQCOM	OMFL +0.16 points	0.51%	0.67%
Kinder MorganKMI	ILCV +0.16 points	0.17%	<0.01%
Allstate CorpALL	OMFL +0.16 points	0.09%	0.25%
Kimberly ClarkKMB	ILCV +0.16 points	0.18%	0.02%
Gilead SciencesGILD	ILCV +0.16 points	0.60%	0.44%
Cheniere EnergyLNG	ILCV +0.15 points	0.17%	0.02%
AflacAFL	ILCV +0.15 points	0.16%	0.01%
Mondelez International Class AMDLZ	ILCV +0.14 points	0.24%	0.10%
Booking HoldingsBKNG	OMFL +0.14 points	0.35%	0.49%
Public Storage ReitPSA	OMFL +0.15 points	0.10%	0.25%
Comcast Class ACMCSA	ILCV +0.14 points	0.25%	0.11%
Paccar IncPCAR	ILCV +0.13 points	0.14%	<0.01%
ProgressivePGR	OMFL +0.14 points	0.38%	0.52%
Fedex CorpFDX	ILCV +0.14 points	0.20%	0.06%
Lockheed MartinLMT	ILCV +0.13 points	0.32%	0.19%
Ford Motor CoF	ILCV +0.13 points	0.14%	<0.01%
Expeditors International of WashinEXPD	OMFL +0.14 points	0.03%	0.17%
Illinois Tool IncITW	OMFL +0.13 points	0.11%	0.24%
Emerson ElectricEMR	OMFL +0.13 points	0.10%	0.23%
ResmedRMD	OMFL +0.12 points	0.05%	0.17%
SempraSRE	ILCV +0.13 points	0.15%	0.02%
Dominion EnergyD	ILCV +0.13 points	0.17%	0.04%
OneokOKE	ILCV +0.11 points	0.15%	0.04%

All 371 ILCV holdings⁠All 632 OMFL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ILCV vs OMFL Cost

Overpaying OMFL vs ILCV

$5,103

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ILCV 0.04%
$849
OMFL 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

ILCV 0.04%
OMFL 0.29%
Overpaying

Year by year

Year	ILCV	OMFL	Overpaying
10	$73	$527	$454
20	$288	$2,044	$1,756
30	$849	$5,952	$5,103

Expense ratio

0.04%ILCV, cheaper
0.29%OMFL

ILCV0.04%OMFL0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

ILCV cheapest of 99 funds

OMFL 43rd cheapest of 99 funds

ILCV vs OMFL Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ILCV 1.50%, better; OMFL 0.82%
Payout (12M): ILCV $1.65; OMFL $0.59
Last payment: ILCV $0.42; OMFL $0.14
Ex-dividend: ILCV Sep 15, 2026; OMFL Sep 21, 2026
Paid on: ILCV Sep 18, 2026; OMFL Sep 25, 2026
Frequency: ILCV Quarterly; OMFL Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ILCVQuarterly · 39 paymentsAll ILCV payments⁠

OMFLQuarterly · 36 paymentsAll OMFL payments⁠

ILCV vs OMFL Risk

Fall from peak · 5 years

ILCV
OMFL

Risk facts

VolatilityStd dev, 3 years: ILCV 10.7%, betterOMFL 13.0%
Return per unit of riskSharpe ratio, 3 years: ILCV 1.57, betterOMFL 1.03
Worst fallMax drawdown, 5 years: ILCV −18.6%, betterOMFL −22.4%
Market sensitivityBeta, 5 years: ILCV 0.82OMFL 0.88; Market = 1

ILCV and OMFL in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026OMFL

Popular comparisons

ILCVAvsVONVA
iShares Morningstar Value ETF · Vanguard Russell 1000 Value ETF
Expense ratio
0.04% · 0.06%
Category
OMFLAvsVONVA
Invesco Russell 1000 Dynamic Multifactor ETF · Vanguard Russell 1000 Value ETF
Expense ratio
0.29% · 0.06%
Category
ILCVAvsVYMA
iShares Morningstar Value ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.04% · 0.04%
Category
OMFLAvsVYMA
Invesco Russell 1000 Dynamic Multifactor ETF · Vanguard High Dividend Yield ETF
Expense ratio
0.29% · 0.04%
Category
ILCVAvsDCORA
iShares Morningstar Value ETF · U.S. Core Equity 1 Portfolio ETF Class Shares
Expense ratio
0.04% · 0.14%
Category
OMFLAvsDCORA
Invesco Russell 1000 Dynamic Multifactor ETF · U.S. Core Equity 1 Portfolio ETF Class Shares
Expense ratio
0.29% · 0.14%
Category

ILCV vs OMFL

In short

Stated mandate

Why people hold it

Worth knowing

How ILCV and OMFL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCV

Only in OMFL

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

How ILCV and OMFL differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ILCV

Only in OMFL

Weight gaps