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
723.6 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) | $724 |
| 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
| APPLOVIN CORP. CLASS A | 1.7 % |
| NETFLIX INC | 1.4 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 1.4 % |
| CITIGROUP INC | 1.4 % |
| KKR & CO LP | 1.3 % |
| META PLATFORMS INC | 1.2 % |
| AT&T INC | 1.1 % |
| GE AEROSPACE | 1.0 % |
| BOSTON SCIENTIFIC CORP | 1.0 % |
| ELI LILLY & CO | 1.0 % |
Constituent Breakdown
| Number of holdings | 614 |
| Herfindahl-Hirschman Index | 44 |
| Wgt avg mkt cap (mns) | $96,148 |
| Large cap (>$10bn) | 58.1% |
| Mid cap ($2-10bn) | 25.6% |
| Small cap (<$2bn) | 15.7% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 91.3 % |
 |
IRELAND | 1.3 % |
 |
BERMUDA | 1.0 % |
 |
LUXEMBOURG | 0.7 % |
 |
PUERTO RICO | 0.7 % |
Historical Performance
Standardized Performance (as of 12/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.8% | 25.8% | 21.0% | 8.5% | 14.8% | -- | 12.8% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 80% |
| MSCI EAFE | 0.93 | 57% |
| MSCI Emg Mkts | 0.59 | 23% |
Liquidity Measures
| Avg. volume (000) | 55 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.21% |
| ADV of underlying (mns) | $99,211 |
Technical Indicators
| Recent close | $173.95 |
| 30d moving avg. | $172.28 |
| Annualized volatility | 21.4% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.6% |
| 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 |
|---|---|---|---|---|
| FAD | First Trust Multi Cap Growth AlphaDEX Fund | 33.8% | +51 bp | -0.7% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 33.8% | -1 bp | +1.8% |
| VFMF | Vanguard U.S. Multifactor ETF | 32.6% | +5 bp | +5.7% |
| FDMO | Fidelity Momentum Factor ETF | 29.3% | +2 bp | +1.3% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 28.4% | +2 bp | +1.3% |
| MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 27.4% | +16 bp | +3.9% |
| SPMO | Invesco S&P 500 Momentum ETF | 27.0% | 0 bp | +1.2% |
| BFOR | ALPS Barron's 400 ETF | 25.9% | +52 bp | +3.1% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 25.7% | +46 bp | 0.0% |
| JOET | Virtus Terranova US Quality Momentum ETF | 25.5% | +16 bp | +1.8% |
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 1/21/2025
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
2.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 979 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.5%. VFMO's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places VFMO in the 12nd 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. | 47.0 | 20.8 | 67.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .