VFMO

Vanguard U.S. Momentum Factor ETF

The Fund seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor.


US

EQUITY

Active

MANAGEMENT STYLE

917.1 M

ASSETS UNDER MGMT

13 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 13, 2018
Assets (mns)$917
Expense ratio13 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyDelayed
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
PALANTIR TECHNOLOGIES INC. CLASS A 1.2 %
BOSTON SCIENTIFIC CORP 1.0 %
AT&T INC 0.9 %
SPOTIFY TECHNOLOGY SA 0.9 %
GE AEROSPACE 0.9 %
3M CO 0.9 %
BANK OF NEW YORK MELLON CORP 0.8 %
WILLIAMS COS INC 0.8 %
PROGRESSIVE CORP 0.8 %
NETFLIX INC 0.8 %
Constituent Breakdown
Number of holdings696
Herfindahl-Hirschman Index 30
Wgt avg mkt cap (mns)$95,128
Large cap (>$10bn)59.0%
Mid cap ($2-10bn)25.0%
Small cap (<$2bn)15.5%
Developed mkts.99.8%
Emerging mkts.0.2%
Country Exposure
UNITED STATES 84.8 %
IRELAND 1.7 %
LUXEMBOURG 1.0 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 0.6% 12.8% 19.4% 10.4% 15.5% -- -- 11.4%
Dividend Yield -8.3% -12.2% -2.6% -3.1% 3.1% -- -- -0.3%
Total Returns -7.7% 0.7% 16.9% 7.4% 18.6% -- -- 11.1%
Ann. Volatility 21.4% 19.7% 18.6% 20.3% 25.2% -- -- 23.3%
Market Correlations
versus...BetaR-squared
S&P 5001.1282%
MSCI EAFE0.8951%
MSCI Emg Mkts0.5721%
Liquidity Measures
Avg. volume (000)57
Turnover0.9%
Avg. Bid/Ask (% of price)0.21%
ADV of underlying (mns)$99,211
Technical Indicators
Recent close$147.44
30d moving avg.$149.23
Annualized volatility21.6%
Relative strength (RSI)43
Short interest (ETF)0.4%
Short interest (underlying)7.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: VFMO vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2024 2025E Fwd Est 2026E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.8 20.8 2.8 0.9% --
Based on closing prices from 4/23/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
VFMO



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

VFMO

3.6%

Cat. Avg

6.1%


ALTAR Score™ Calculation

Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™ of 6.1% and a standard deviation of 3.0%. VFMO's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places VFMO in the 19th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

VFMO
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
VFMO (13 bp) Percentile rank 8
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
VFMO 13.0 21.2 34.2
Peer Avg. 46.6 19.2 65.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .