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ETFs

Invesco Russell 2000 Dynamic Multifactor ETF

OMFS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2017
Expense Ratio
0.39%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$1,722,089
AUM
$341,819,594
Associated Index
Russell 2000 Invesco Dynamic Multifactor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MOD
Modine Manufacturing Co.
0.58%
STRL
Sterling Infrastructure Inc
0.53%
BZH
Beazer Homes USA Inc.
0.52%
MHO
MI Homes Inc.
0.47%
AGM
Federal Agricultural Mortgage Corp. - Ordinary Shares - Class C
0.46%
HOV
Hovnanian Enterprises, Inc. - Ordinary Shares - Class A
0.44%
ENVA
Enova International Inc.
0.42%
CEIX
Consol Energy Inc
0.41%
UPBD
Upbound Group Inc
0.40%
GNW
Genworth Financial Inc - Ordinary Shares - Class A
0.40%
Invest with OMFS

What is OMFS?

The Invesco Russell 2000 Dynamic Multifactor ETF (the Fund ) is based on the Russell 2000 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 small-cap securities of the Russell 2000 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 toOMFS

ETFs correlated to OMFS include IJR, SPSM, VIOO

OMFS
Invesco Exchange-Traded Fund Trust II - Invesco Russell 2000 Dynamic Multifactor ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
IWN
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Value ETF
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
DES
WisdomTree Trust - WisdomTree U.S. SmallCap Dividend Fund

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 toOMFS

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with OMFS using Composer

FAQ

OMFS is a US Equities ETF. The Invesco Russell 2000 Dynamic Multifactor ETF (the Fund ) is based on the Russell 2000 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 small-cap securities of the Russell 2000 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.

OMFS tracks the Russell 2000 Invesco Dynamic Multifactor Index.

No, OMFS 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, OMFS 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 OMFS is -0.0407%. This is the percent change in the value of OMFS over the most recent 1-month period. The 3-month return on OMFS is -0.0281%. This is the percent change in the value of OMFS over the most recent 3-month period.

The standard deviation of OMFS for the past year is 0.2037%. 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 OMFS include SPHQ, DSI, and QUAL.

ETFs correlated to OMFS include IJR, SPSM, and VIOO.

ETFs that are inversely correlated to OMFS include RWM, TZA, and TWM.

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.