OMFL vs SPY: Holdings Overlap
OMFLInvesco Russell 1000 Dynamic Multifactor ETF
Invesco · 478 holdings · $4.8B · as of 2026-05-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (OMFL: 2026-05-31, SPY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are OMFL and SPY?
Invesco Russell 1000 Dynamic Multifactor ETF (OMFL, by Invesco) holds 478 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 324 holdings in common, and by portfolio weight the two funds are 51.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 324OMFL holds 478 · SPY holds 504
- Weight in Shared Holdings
- OMFL 92%·SPY 82%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in OMFL
154 of 478 positions (7.6% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | OMFL | SPY |
|---|---|---|
| Information Technology | 33.6% | 37.6% |
| Financials | 11.1% | 12.3% |
| Communication Services | 11.2% | 9.7% |
| Health Care | 9.8% | 8.9% |
| Industrials | 9.7% | 8.8% |
| Other Sectors | 24.6% | 22.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| OMFL | +3.5% | +17.0% | +23.0% | +13.4% | +9.8% | — | 0.78% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in OMFL vs SPY →
Shared Holdings(324)
The top 10 shared positions account for 55% of the overlap, led by AAPL, NVDA and GOOGL.
 AAPLApple Inc. COM | 8.57% | 6.92% | 6.92% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 5.05% | 8.00% | 5.05% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.38% | 3.16% | 3.16% |
 MSFTMicrosoft Corp. COM | 3.14% | 5.60% | 3.14% |
 GOOGAlphabet Inc. CAP STK CL C | 3.53% | 2.54% | 2.54% |
 METAMeta Platforms, Inc., Class A | 1.84% | 1.95% | 1.84% |
 AMZNAmazon.com, Inc. COM | 1.65% | 4.02% | 1.65% |
 MUMicron Technology Inc. COM | 2.37% | 1.50% | 1.50% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.54% | 1.45% | 1.45% |
 VVisa, Inc., Class A | 2.59% | 0.93% | 0.93% |
 AVGOBroadcom Inc COM | 0.86% | 3.00% | 0.86% |
 WMTWalmart Inc COM | 1.10% | 0.74% | 0.74% |
 JNJJohnson & Johnson COM | 0.73% | 0.93% | 0.73% |
 CSCOCisco Systems, Inc. COM | 0.83% | 0.72% | 0.72% |
 MAMasterCard Incorporated CL A | 1.76% | 0.70% | 0.70% |
 COSTCostco Wholesale Corporation COM | 1.34% | 0.63% | 0.63% |
 AMATApplied Materials Inc. COM | 1.19% | 0.63% | 0.63% |
 LRCXLam Research Corporation COM NEW | 2.17% | 0.58% | 0.58% |
 CVXChevron Corp. COM | 1.91% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 0.51% | 0.52% | 0.51% |
 MRKMerck & Co., Inc COM | 1.03% | 0.48% | 0.48% |
 PMPhilip Morris International Inc. COM | 0.70% | 0.44% | 0.44% |
 GEVGE Vernova Inc. COM | 0.55% | 0.41% | 0.41% |
 KLACKLA Corp. COM NEW | 0.97% | 0.38% | 0.38% |
 ABTAbbott Laboratories COM | 0.53% | 0.28% | 0.28% |
Showing the top 250 of 324 shared holdings by overlap weight.
Frequently Asked Questions
How much do OMFL and SPY overlap?
OMFL and SPY overlap by 51.2% of portfolio weight. They share 324 holdings (OMFL holds 478 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both OMFL and SPY?
The two portfolios are 51.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of OMFL and SPY?
The largest positions held by both funds are AAPL, NVDA, GOOGL, MSFT and GOOG. Together the top 10 shared positions account for 55% of the total overlap.
What does OMFL own that SPY doesn't?
154 positions (7.6% of OMFL) are unique to OMFL, led by EA, UTHR and CSL. In the other direction, 180 positions (18.1% of SPY) are unique to SPY.