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ETFs

Invesco Russell 1000 Dynamic Multifactor ETF

OMFL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2017
Expense Ratio
0.29%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$23,613,688
AUM
$4,568,864,706
Associated Index
Russell 1000 Invesco Dynamic Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CAH
Cardinal Health, Inc.
0.94%
ON
ON Semiconductor Corp.
0.82%
PHM
PulteGroup Inc
0.82%
LEN
Lennar Corp. - Ordinary Shares - Class A
0.78%
STLD
Steel Dynamics Inc.
0.78%
BLDR
Builders Firstsource Inc
0.78%
CDW
CDW Corp
0.75%
MPC
Marathon Petroleum Corp
0.72%
JBL
Jabil Inc
0.72%
RS
Reliance Steel & Aluminum Co.
0.71%
Invest with OMFL

What is OMFL?

The Invesco Russell 1000 Dynamic Multifactor ETF (the Fund ) is based on the Russell 1000 OFI Dynamic Multifactor Index (the Index ). The Fund will invest at least 80% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights large-cap securities of the Russell 1000 Index according to economic cycles and market conditions, reflected by expansion, slowdown, contraction or recovery. The securities are assigned a multi-factor score from one of five investment styles: value, momentum, quality, low volatility and size. The Fund and Index are reconstituted and rebalanced based on economic indicator signal changes, as frequently as monthly.

ETFs related toOMFL

ETFs correlated to OMFL include IUS, FNDX, ROUS

OMFL
Invesco Capital Management LLC - Invesco Russell 1000 Dynamic Multifactor ETF
IUS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toOMFL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with OMFL using Composer

FAQ

OMFL is a US Equities ETF. The Invesco Russell 1000 Dynamic Multifactor ETF (the Fund ) is based on the Russell 1000 OFI Dynamic Multifactor Index (the Index ). The Fund will invest at least 80% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights large-cap securities of the Russell 1000 Index according to economic cycles and market conditions, reflected by expansion, slowdown, contraction or recovery. The securities are assigned a multi-factor score from one of five investment styles: value, momentum, quality, low volatility and size. The Fund and Index are reconstituted and rebalanced based on economic indicator signal changes, as frequently as monthly.

OMFL tracks the Russell 1000 Invesco Dynamic Multifactor Index.

No, OMFL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, OMFL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on OMFL is -0.0304%. This is the percent change in the value of OMFL over the most recent 1-month period. The 3-month return on OMFL is -0.0295%. This is the percent change in the value of OMFL over the most recent 3-month period.

The standard deviation of OMFL for the past year is 0.1582%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to OMFL include SPHQ, DSI, and QUAL.

ETFs correlated to OMFL include IUS, FNDX, and ROUS.

ETFs that are inversely correlated to OMFL include SPXS, SH, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.