Oppenheimer Russell 2000 Dynamic Multifactor (OMFS) Performance
OMFS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.4% since Dec 31, 2025
- 1 year
- +13.7% total return
- 5 years
- +5.0% a year
- Since first price
- +9.4% a year since 2017
OMFS trailing returns vs SPY, QQQ, AGG
| Period | OMFS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.1% | −5.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +0.3% | −0.4% | +7.8% | +8.4% | −1.5% |
| YTD | +12.4% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.7% | +12.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +61.2%+17.3%/yr | +54.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +27.9%+5.0%/yr | +18.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 10, 2017 | +123.9%+9.4%/yr | +97.7% | — | — | — |
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: OMFS vs SPY
From Nov 10, 2017: OMFS grew to $22,388, SPY to $33,796.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OMFS returns by calendar year
6 of 8 full years positive. Best 2021 (+28.6%), worst 2022 (−17.3%). 2026 is year to date.
OMFS annual returns table
| Year | OMFS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.4% | −9.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.3% | −18.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +4.0% | −10.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.1% | −17.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.3% | −24.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +28.6% | −11.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +15.0% | −42.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.1% | −8.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.0% | −22.9% | −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.
OMFS largest drawdowns
Now 8.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 19, 2019 | −42.5% | Mar 23, 2020 | Nov 16, 2020 | 3 months | 11 months |
| Nov 12, 2021 | −29.2% | Sep 30, 2022 | Nov 8, 2024 | 11 months | 3.0 years |
| Aug 27, 2018 | −22.9% | Dec 24, 2018 | Sep 16, 2019 | 4 months | 1.1 years |
| Nov 25, 2024 | −22.4% | Apr 8, 2025 | Sep 5, 2025 | 4 months | 9 months |
| Jun 8, 2021 | −11.3% | Jul 19, 2021 | Oct 25, 2021 | 41 days | 5 months |
| Mar 15, 2021 | −10.1% | Mar 24, 2021 | Jun 7, 2021 | 9 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OMFS risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +14.9% | +6.0% | +8.9% |
| Volatility (annualized) | 17.6% | 19.3% | 21.4% |
| Sharpe ratio | 0.63 | 0.21 | 0.39 |
| Sortino ratio | 1.09 | 0.33 | 0.60 |
| Best month | +11.8% | +12.0% | +24.1% |
| Worst month | −9.1% | −9.7% | −19.4% |
| Best 12 months | +34.7% | +34.7% | +106.7% |
| Worst 12 months | +2.2% | −19.0% | −23.2% |
| Positive months | 64% | 57% | 61% |
| Beta vs S&P 500 | 1.00 | 0.99 | — |
| Correlation with S&P 500 | 0.70 | 0.80 | — |
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.
OMFS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −23.2% | +6.5% | +106.7% | 66% |
| 3-year (a year) | 72 | −2.9% | +11.3% | +23.7% | 90% |
| 5-year (a year) | 48 | +4.2% | +8.2% | +16.1% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
OMFS performance overview
Oppenheimer Russell 2000 Dynamic Multifactor (OMFS) returned +13.7% over the past year and +5.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +9.4% a year, turning $10,000 into about $22,388. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.5%, from Dec 19, 2019 to Mar 23, 2020, and it took 8 months to get back to the old high. OMFS finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+28.6%) and the worst 2022 (−17.3%). Volatility has been 21.4% a year.
Related: OMFS chart, OMFS holdings, OMFS dividends, OMFS valuation. See the OMFS overview for the latest quote and fund facts.
OMFS performance FAQ
What is the OMFS return over the past year?
OMFS returned +13.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.2%.
What is the average annual return of OMFS?
OMFS has returned +5.0% a year over 5 years, +9.4% a year since November 10, 2017 (total return, distributions reinvested).
How much would $10,000 invested in OMFS be worth?
$10,000 invested in OMFS at its first recorded close on November 10, 2017 would be worth about $22,388 on October 23, 2026 with distributions reinvested.
What was the worst year for OMFS?
The worst calendar year was 2022, with a total return of −17.3%. The best was 2021 at +28.6%.
What is the biggest drawdown of OMFS?
The largest peak-to-trough decline was −42.5% between December 19, 2019 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is OMFS?
Over the past 3 years OMFS had an annualized volatility of 17.6% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).