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
861.2 M
ASSETS UNDER MGMT
13 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $861 |
| Expense ratio | 13 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| META PLATFORMS INC | 1.6 % |
| ARISTA NETWORKS, INC. | 1.4 % |
| GENERAL ELECTRIC COMPANY | 1.3 % |
| ELI LILLY & CO | 1.3 % |
| NETFLIX INC | 1.3 % |
| KKR & CO LP | 1.1 % |
| APOLLO GLOBAL MANAGEMENT INC. | 1.1 % |
| UBER TECHNOLOGIES, INC. | 1.0 % |
| EATON CORP PLC | 0.9 % |
| AMGEN INC | 0.9 % |
Constituent Breakdown
| Number of holdings | 594 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $142,635 |
| Large cap (>$10bn) | 60.5% |
| Mid cap ($2-10bn) | 25.3% |
| Small cap (<$2bn) | 14.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 88.7 % |
 |
IRELAND | 1.7 % |
 |
BERMUDA | 1.2 % |
 |
BRITAIN | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 36.4% | 49.1% | 22.1% | 11.9% | 17.1% | -- | 14.3% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 80% |
| MSCI EAFE | 0.88 | 55% |
| MSCI Emg Mkts | 0.56 | 22% |
Liquidity Measures
| Avg. volume (000) | 58 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $165,812 |
Technical Indicators
| Recent close | $166.90 |
| 30d moving avg. | $174.95 |
| Annualized volatility | 20.8% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.5% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VFMO |
Expenses vs. VFMO |
ALTAR Score™ vs. VFMO |
|---|---|---|---|---|
| JMOM | JPMorgan U.S. Momentum Factor ETF | 38.7% | -1 bp | +2.4% |
| VFMF | Vanguard U.S. Multifactor ETF | 31.5% | +5 bp | +6.7% |
| FDMO | Fidelity Momentum Factor ETF | 28.2% | +2 bp | +1.9% |
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 27.8% | +51 bp | -0.3% |
| MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 25.7% | +16 bp | +4.3% |
| AVUS | Avantis U.S. Equity ETF | 24.8% | +2 bp | +3.6% |
| AVSU | Avantis Responsible U.S. Equity ETF | 24.7% | +2 bp | +4.0% |
| ONEO | SPDR Russell 1000 Momentum Focus ETF | 24.3% | +7 bp | +4.9% |
| VXF | Vanguard Extended Market ETF | 24.1% | -7 bp | +1.3% |
| GGUS | Marketbeta Russell 1000 Growth Equity ETF | 24.1% | -1 bp | +2.2% |
Risk and Returns: VFMO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
2.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. VFMO's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places VFMO in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VFMOSELL
U/W
HOLD
O/W
BUY
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 | 7 |
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. | 44.4 | 19.4 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .