OMFL vs VONV: Grades, Fees and Holdings Compared

Invesco Russell 1000 Dynamic Multifactor ETF

OMFLACboe

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

49.5%by weight

Expense ratio

VONV −0.23pt a year

OMFL0.29%VONV0.06%

Avg volume · 30D

VONV 4.5×the volume

OMFL172KVONV776K

5Y return · a year

VONV +3.3pt

OMFL+8.4%VONV+11.7%

OMFL vs VONV Performance

Nov 9, 2021 – Nov 9, 2026

+49.4%OMFL+73.9%VONV

Expense ratio: OMFL 0.29%; VONV 0.06%, better
Fund size: OMFL $4.6B; VONV $21.7B
1Y total return: OMFL +20.1%; VONV +30.6%, better
Yield (12M): OMFL 0.82%; VONV 1.51%, better
Holdings: OMFL 634; VONV 887
Avg volume (30D): OMFL 172K sh; VONV 776K sh, better
NAV per share: OMFL $69.62; VONV $112.88
52W range

ETF.net Grade

Pillar letters and Scores for OMFL, VONV, with each pillar’s weight
Pillar	OMFL	VONV
Cost30% weight	B55	A96Higher
Mission25% weight	A98	A100Higher
Risk15% weight	B58	A89Higher
Tradability15% weight	A91Higher	B59
Holdings10% weight	D36	C49Higher
Durability5% weight	A74	A92Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. OMFL and VONV 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 ›

VONV ranks 1st 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 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

OMFLAInvesco Russell 1000 Dynamic Multifactor ETF

VONVAVanguard Russell 1000 Value ETF

In short

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.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

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.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

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.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

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.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full OMFL profile⁠

Full VONV profile⁠

OMFL vs VONV Holdings

How OMFL and VONV differ

Overlap by weight

49.5%

Shared holdings make up 85.7% of VONV and 67.0% of OMFL.

Level by level

Holdings522 in both49.5%
Sector11 Sectors81.4%
Countryby domicile99.5%
Asset classStocks100%

Sector

Sector weights in OMFL and VONV, widest gap first
Sector	Gap	OMFL	VONV
Technology	OMFL +12.3 points	34.2%	21.9%
Financials	VONV +6.2 points	11.7%	17.9%
Communication	OMFL +4.0 points	7.4%	3.4%
Energy	VONV +3.8 points	2.4%	6.2%
Consumer Discretionary	VONV +3.0 points	7.4%	10.4%
Utilities	VONV +2.1 points	1.3%	3.4%
Real Estate	VONV +2.0 points	1.5%	3.5%
Industrials	OMFL +1.4 points	10.8%	9.5%
Materials	VONV +1.3 points	2.0%	3.3%
Health Care	OMFL +1.0 points	14.4%	13.4%
Consumer Staples	VONV +0.2 points	7.0%	7.2%

Country, concentration and asset class

Country by domicile

Country weights in OMFL and VONV, widest gap first
Country	More in OMFLMore in VONV	Gap	OMFL	VONV
United States		VONV +0.5 points	99.5%	100.0%
Other countries (6)		OMFL +0.5 points	0.5%	0.0%

Concentration

Weight in the 10 largest Holdings

OMFL37.0%
VONV29.8%

Securities held

OMFL632
VONV883

Asset class

OMFL: Stocks
VONV: Stocks

Holdings

Only in OMFL110
In both522
Only in VONV361

Only in OMFL

110 securities, 32.9% of OMFL by weight

NVIDIA Corp4.47%
Visa Inc3.38%
Mastercard Inc2.58%
Alphabet Inc2.50%
Eli Lilly & Co2.27%
Alphabet Inc2.03%
Lam Research Corp0.91%
Intuitive Surgical Inc0.82%
Micron Technology Inc0.70%
Broadcom Inc0.69%
KLA Corp0.68%
General Electric Co0.68%
Applied Materials Inc0.64%
GE Vernova Inc0.61%
Texas Instruments Inc0.58%
Arista Networks Inc0.57%
Netflix Inc0.55%
Advanced Micro Devices Inc0.50%
Trane Technologies PLC0.49%
Booking Holdings Inc0.49%
Simon Property Group Inc0.46%
Cintas Corp0.44%
Tesla Inc0.41%
Howmet Aerospace Inc0.37%
Airbnb Inc0.29%
Fortinet Inc0.27%
Western Digital Corp0.26%
Vylor Inc0.25%
Caterpillar Inc0.24%
Amphenol Corp0.23%
Palo Alto Networks Inc0.21%
Chipotle Mexican Grill Inc0.21%
Lockheed Martin Corp0.19%
Monolithic Power Systems Inc0.18%
Hilton Worldwide Holdings Inc0.17%
Elevance Health Inc0.16%
Comfort Systems USA Inc0.15%
Autodesk Inc0.15%
EMCOR Group Inc0.12%
Ciena Corp0.12%
Cadence Design Systems Inc0.12%
Crowdstrike Holdings Inc0.11%
Dexcom Inc0.10%
Teradyne Inc0.09%
Rollins Inc0.08%
ServiceNow Inc0.08%
Woodward Inc0.07%
Marvell Technology Inc0.06%
Manhattan Associates Inc0.06%
Spotify Technology SA0.06%

Only in VONV

361 securities, 14.1% of VONV by weight

Intel Corp1.51%
Citigroup Inc0.50%
Welltower Inc0.46%
Lowe's Cos Inc0.28%
Phillips 660.26%
Bank of New York Mellon Corp/The0.25%
US Bancorp0.25%
PNC Financial Services Group Inc/The0.24%
Hewlett Packard Enterprise Co0.23%
Elevance Health Inc0.23%
Synopsys Inc0.22%
Warner Bros Discovery Inc0.20%
Moderna Inc0.19%
Marathon Petroleum Corp0.16%
Truist Financial Corp0.16%
Strategy Inc0.15%
MetLife Inc0.14%
Realty Income Corp0.14%
KKR & Co Inc0.13%
Apollo Global Management Inc0.13%
State Street Corp0.13%
Vivmark Residential0.13%
Fifth Third Bancorp0.13%
Ventas Inc0.12%
Coherent Corp0.12%
Coinbase Global Inc0.11%
Flex Ltd0.11%
Ameriprise Financial Inc0.11%
American International Group Inc0.11%
Prudential Financial Inc0.11%
Block Inc0.11%
Roper Technologies Inc0.09%
Kenvue Inc0.09%
Iron Mountain Inc0.09%
M&T Bank Corp0.09%
Carnival Corp Ltd0.09%
Huntington Bancshares Inc/OH0.08%
Northern Trust Corp0.08%
HP Inc0.08%
Cardinal Health Inc0.08%
Citizens Financial Group Inc0.07%
Raymond James Financial Inc0.07%
SLBBH11420.07%
Principal Financial Group Inc0.07%
Fiserv Inc0.07%
Regions Financial Corp0.06%
Interactive Brokers Group Inc0.06%
Super Micro Computer Inc0.06%
Entegris Inc0.06%
Liberty Media Corp0.06%

Weight gaps

The 100 widest of 522 Holdings in both funds.

Holding weights in OMFL and VONV, widest gap first
Holding	Gap	OMFL	VONV
Amazon.com IncAMZN	VONV +4.12 points	1.96%	6.08%
Apple IncAAPL	OMFL +3.28 points	9.34%	6.06%
JPMorgan Chase & CoJPM	VONV +2.40 points	0.03%	2.43%
Berkshire Hathaway IncBRK.B	VONV +1.62 points	0.93%	2.55%
Microsoft CorpMSFT	OMFL +1.61 points	6.84%	5.23%
Chevron CorpCVX	VONV +1.01 points	0.03%	1.04%
Costco Wholesale CorpCOST	OMFL +0.99 points	1.61%	0.62%
Bank of America CorpBAC	VONV +0.89 points	<0.01%	0.90%
Goldman Sachs Group Inc/TheGS	VONV +0.66 points	<0.01%	0.67%
Wells Fargo & CoWFC	VONV +0.66 points	<0.01%	0.67%
McKesson CorpMCK	OMFL +0.61 points	0.63%	0.02%
Morgan StanleyMS	VONV +0.57 points	<0.01%	0.58%
Merck & Co IncMRK	VONV +0.56 points	0.43%	0.99%
International Business Machines CorpIBM	VONV +0.56 points	0.01%	0.57%
ExxonMobil Holdings CorpXOM	VONV +0.55 points	1.29%	1.84%
TJX Cos Inc/TheTJX	OMFL +0.49 points	0.71%	0.22%
Thermo Fisher Scientific IncTMO	VONV +0.50 points	0.19%	0.69%
Coca-Cola Co/TheKO	VONV +0.49 points	0.32%	0.81%
RTX CorpRTX	VONV +0.47 points	0.22%	0.69%
Ross Stores IncROST	OMFL +0.43 points	0.46%	0.03%
Deere & CoDE	VONV +0.43 points	0.03%	0.46%
Fastenal CoFAST	OMFL +0.42 points	0.45%	0.03%
Moody's CorpMCO	OMFL +0.41 points	0.51%	0.10%
UnitedHealth Group IncUNH	VONV +0.40 points	0.51%	0.91%
Charles Schwab Corp/TheSCHW	VONV +0.40 points	<0.01%	0.41%
Meta Platforms IncMETA	OMFL +0.39 points	1.19%	0.80%
Vertex Pharmaceuticals IncVRTX	OMFL +0.39 points	0.75%	0.36%
Dell Technologies IncDELL	VONV +0.38 points	0.01%	0.39%
Blackrock IncBLK	VONV +0.37 points	0.07%	0.44%
WW Grainger IncGWW	OMFL +0.35 points	0.37%	0.02%
Pfizer IncPFE	VONV +0.34 points	0.11%	0.45%
AbbVie IncABBV	VONV +0.33 points	0.84%	1.17%
Walt Disney Co/TheDIS	VONV +0.32 points	0.18%	0.50%
IDEXX Laboratories IncIDXX	OMFL +0.32 points	0.34%	0.02%
Verizon Communications IncVZ	VONV +0.31 points	0.22%	0.53%
McDonald's CorpMCD	VONV +0.30 points	0.15%	0.45%
Altria Group IncMO	OMFL +0.30 points	0.61%	0.31%
Analog Devices IncADI	VONV +0.29 points	0.20%	0.49%
Prologis IncPLD	VONV +0.30 points	0.04%	0.34%
Walmart IncWMT	VONV +0.28 points	0.86%	1.14%
NextEra Energy IncNEE	VONV +0.28 points	0.15%	0.43%
AT&T IncT	VONV +0.27 points	0.18%	0.45%
Chubb LtdCB	VONV +0.25 points	0.06%	0.31%
Valero Energy CorpVLO	VONV +0.26 points	0.01%	0.27%
PepsiCo IncPEP	VONV +0.25 points	0.17%	0.42%
CME Group IncCME	VONV +0.24 points	0.02%	0.26%
Adobe IncADBE	OMFL +0.24 points	0.32%	0.08%
Colgate-Palmolive CoCL	OMFL +0.24 points	0.35%	0.11%
Regeneron Pharmaceuticals IncREGN	OMFL +0.23 points	0.44%	0.21%
Capital One Financial CorpCOF	VONV +0.23 points	0.09%	0.32%
Accenture PLCACN	OMFL +0.23 points	0.54%	0.31%
Salesforce IncCRM	VONV +0.23 points	0.27%	0.50%
Equinix IncEQIX	VONV +0.23 points	0.04%	0.27%
Danaher CorpDHR	VONV +0.22 points	0.16%	0.38%
Newmont CorpNEM	OMFL +0.23 points	0.56%	0.33%
Linde PLCLIN	VONV +0.23 points	0.37%	0.60%
Intercontinental Exchange IncICE	VONV +0.22 points	0.01%	0.23%
Cboe Global Markets IncCBOE	OMFL +0.22 points	0.30%	0.08%
Monster Beverage CorpMNST	OMFL +0.21 points	0.30%	0.09%
MSCI IncMSCI	OMFL +0.22 points	0.32%	0.10%
American Express CoAXP	VONV +0.21 points	0.10%	0.31%
Williams Cos Inc/TheWMB	VONV +0.22 points	0.01%	0.23%
Edwards Lifesciences CorpEW	OMFL +0.20 points	0.34%	0.14%
Johnson & JohnsonJNJ	VONV +0.20 points	1.55%	1.75%
SLB LtdSLB	VONV +0.19 points	<0.01%	0.20%
Freeport-McMoRan IncFCX	VONV +0.19 points	0.08%	0.27%
Cisco Systems IncCSCO	OMFL +0.19 points	1.36%	1.17%
Progressive Corp/ThePGR	OMFL +0.19 points	0.52%	0.33%
Target CorpTGT	VONV +0.19 points	0.01%	0.20%
CVS Health CorpCVS	VONV +0.17 points	0.13%	0.30%
Union Pacific CorpUNP	VONV +0.17 points	0.24%	0.41%
Philip Morris International IncPM	VONV +0.17 points	0.65%	0.82%
Digital Realty Trust IncDLR	VONV +0.17 points	0.01%	0.18%
Southern Co/TheSO	VONV +0.16 points	0.10%	0.26%
Bristol-Myers Squibb CoBMY	VONV +0.16 points	0.19%	0.35%
General Motors CoGM	VONV +0.16 points	0.03%	0.19%
CSX CorpCSX	VONV +0.16 points	0.08%	0.24%
Duke Energy CorpDUK	VONV +0.15 points	0.09%	0.24%
Arthur J Gallagher & CoAJG	VONV +0.15 points	<0.01%	0.16%
Kinder Morgan IncKMI	VONV +0.15 points	<0.01%	0.16%
PACCAR IncPCAR	VONV +0.15 points	<0.01%	0.16%
Travelers Cos Inc/TheTRV	VONV +0.14 points	0.06%	0.20%
Air Products and Chemicals IncAPD	VONV +0.15 points	0.02%	0.17%
Automatic Data Processing IncADP	OMFL +0.14 points	0.32%	0.18%
Stryker CorpSYK	VONV +0.14 points	0.12%	0.26%
QUALCOMM IncQCOM	OMFL +0.14 points	0.67%	0.53%
Medtronic PLCMDT	VONV +0.13 points	0.17%	0.30%
Procter & Gamble Co/ThePG	OMFL +0.13 points	1.06%	0.93%
Norfolk Southern CorpNSC	VONV +0.13 points	0.06%	0.19%
Ecolab IncECL	VONV +0.13 points	0.06%	0.19%
Public StoragePSA	OMFL +0.13 points	0.25%	0.12%
Cheniere Energy IncLNG	VONV +0.12 points	0.02%	0.14%
Brookfield Asset Management LtdBAM	OMFL +0.13 points	0.13%	<0.01%
American Electric Power Co IncAEP	VONV +0.13 points	0.05%	0.18%
Aflac IncAFL	VONV +0.13 points	0.01%	0.14%
Ford Motor CoF	VONV +0.12 points	<0.01%	0.13%
Baker Hughes CoBKR	VONV +0.12 points	0.03%	0.15%
Constellation Energy CorpCEG	VONV +0.12 points	0.09%	0.21%
eBay IncEBAY	OMFL +0.12 points	0.21%	0.09%
SempraSRE	VONV +0.12 points	0.02%	0.14%

All 632 OMFL holdings⁠All 870 VONV 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.

OMFL vs VONV Cost

Overpaying OMFL vs VONV

$4,682

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

OMFL 0.29%
$5,952
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

OMFL 0.29%
VONV 0.06%
Overpaying

Year by year

Year	OMFL	VONV	Overpaying
10	$527	$110	$417
20	$2,044	$432	$1,612
30	$5,952	$1,270	$4,682

Expense ratio

0.29%OMFL
0.06%VONV, cheaper

VONV0.06%OMFL0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

OMFL 43rd cheapest of 99 funds

OMFL vs VONV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): OMFL 0.82%; VONV 1.51%, better
Payout (12M): OMFL $0.59; VONV $1.74
Last payment: OMFL $0.14; VONV $0.42
Ex-dividend: OMFL Sep 21, 2026; VONV Sep 23, 2026
Paid on: OMFL Sep 25, 2026; VONV Sep 25, 2026
Frequency: OMFL Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

OMFLQuarterly · 36 paymentsAll OMFL payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

OMFL vs VONV Risk

Fall from peak · 5 years

OMFL
VONV

Risk facts

VolatilityStd dev, 3 years: OMFL 13.0%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: OMFL 1.03VONV 1.43, better
Worst fallMax drawdown, 5 years: OMFL −22.4%VONV −18.9%, better
Market sensitivityBeta, 5 years: OMFL 0.88VONV 0.85; Market = 1

OMFL and VONV in the news

All news⁠

Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026OMFLVONV
Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV

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OMFL vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How OMFL and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in OMFL

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

US multifactor funds ran 30 points apart

Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value

The best value ETF depends on whose list you bought

How OMFL and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in OMFL

Only in VONV

Weight gaps