Oppenheimer Russell 1000 Dynamic Multifactor (OMFL) Performance
OMFL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.5% since Dec 31, 2025
- 1 year
- +18.4% total return
- 5 years
- +8.7% a year
- Since first price
- +13.9% a year since 2017
OMFL trailing returns vs SPY, QQQ, AGG
| Period | OMFL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.1% | +1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.2% | +4.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +9.5% | +9.0% | +7.8% | +8.4% | −1.5% |
| YTD | +16.5% | +15.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.4% | +17.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +65.9%+18.4%/yr | +61.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +52.0%+8.7%/yr | +43.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 10, 2017 | +219.8%+13.9%/yr | +183.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OMFL vs SPY
From Nov 10, 2017: OMFL grew to $31,977, SPY to $33,796.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OMFL returns by calendar year
6 of 8 full years positive. Best 2019 (+35.6%), worst 2022 (−14.0%). 2026 is year to date.
OMFL annual returns table
| Year | OMFL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.5% | −7.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.7% | −15.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.8% | −13.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.5% | −14.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.0% | −21.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.0% | −7.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +20.9% | −33.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +35.6% | −7.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.5% | −18.2% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OMFL largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −33.2% | Mar 23, 2020 | Jun 8, 2020 | 2 months | 5 months |
| Dec 29, 2021 | −22.4% | Sep 30, 2022 | Jul 18, 2023 | 9 months | 1.5 years |
| Oct 3, 2018 | −18.2% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
| Jun 8, 2020 | −17.2% | Jul 9, 2020 | Nov 9, 2020 | 31 days | 5 months |
| Feb 13, 2025 | −15.5% | Apr 8, 2025 | Jun 27, 2025 | 54 days | 4 months |
| Jul 31, 2023 | −14.2% | Oct 27, 2023 | Dec 13, 2023 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OMFL risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +16.1% | +9.8% | +13.5% |
| Volatility (annualized) | 13.4% | 16.2% | 17.3% |
| Sharpe ratio | 0.86 | 0.44 | 0.68 |
| Sortino ratio | 1.56 | 0.70 | 1.13 |
| Best month | +9.7% | +10.3% | +19.8% |
| Worst month | −6.2% | −9.9% | −10.6% |
| Best 12 months | +24.0% | +24.0% | +72.4% |
| Worst 12 months | −2.5% | −14.5% | −14.5% |
| Positive months | 67% | 60% | 66% |
| Beta vs S&P 500 | 0.93 | 0.94 | — |
| Correlation with S&P 500 | 0.86 | 0.91 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OMFL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −14.5% | +13.0% | +72.4% | 86% |
| 3-year (a year) | 72 | +3.8% | +13.7% | +28.3% | 100% |
| 5-year (a year) | 48 | +7.7% | +13.6% | +17.2% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
OMFL performance overview
Oppenheimer Russell 1000 Dynamic Multifactor (OMFL) returned +18.4% over the past year and +8.7% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +13.9% a year, turning $10,000 into about $31,977. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.2%, from Jan 16, 2020 to Mar 23, 2020, and it took 3 months to get back to the old high. OMFL finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+35.6%) and the worst 2022 (−14.0%). Volatility has been 17.3% a year.
Related: OMFL chart, OMFL holdings, OMFL dividends, OMFL valuation. See the OMFL overview for the latest quote and fund facts.
OMFL performance FAQ
What is the OMFL return over the past year?
OMFL returned +18.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.3%.
What is the average annual return of OMFL?
OMFL has returned +8.7% a year over 5 years, +13.9% a year since November 10, 2017 (total return, distributions reinvested).
How much would $10,000 invested in OMFL be worth?
$10,000 invested in OMFL at its first recorded close on November 10, 2017 would be worth about $31,977 on October 23, 2026 with distributions reinvested.
What was the worst year for OMFL?
The worst calendar year was 2022, with a total return of −14.0%. The best was 2019 at +35.6%.
What is the biggest drawdown of OMFL?
The largest peak-to-trough decline was −33.2% between January 16, 2020 and March 23, 2020. It recovered to the old high on June 8, 2020, 3 months after the bottom.
How volatile is OMFL?
Over the past 3 years OMFL had an annualized volatility of 13.4% and a Sharpe ratio of 0.86 (excess return over 1–3 month T-bills per unit of risk).