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.
Fund Basics
| Fund sponsor | Vanguard |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 13, 2018 |
| Assets (mns) | $325 |
| 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
| GENERAL ELECTRIC COMPANY | 1.4 % |
| CADENCE DESIGN SYS INC | 1.2 % |
| META PLATFORMS INC | 1.2 % |
| ELI LILLY & CO | 1.2 % |
| UBER TECHNOLOGIES, INC. | 1.2 % |
| NVIDIA CORP | 1.1 % |
| PALO ALTO NETWORKS INC | 1.1 % |
| EATON CORP PLC | 1.1 % |
| NETFLIX INC | 1.1 % |
| MARATHON PETROLEUM | 1.0 % |
Constituent Breakdown
| Number of holdings | 553 |
| Herfindahl-Hirschman Index | 39 |
| Wgt avg mkt cap (mns) | $81,751 |
| Large cap (>$10bn) | 52.5% |
| Mid cap ($2-10bn) | 28.3% |
| Small cap (<$2bn) | 16.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.5 % |
 |
IRELAND | 1.9 % |
 |
BRITAIN | 1.2 % |
 |
BERMUDA | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.5% | 6.7% | -3.4% | 9.1% | 7.8% | -- | 9.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 74% |
| MSCI EAFE | 0.83 | 60% |
| MSCI Emg Mkts | 0.61 | 31% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.19% |
| ADV of underlying (mns) | $76,288 |
Technical Indicators
| Recent close | $111.55 |
| 30d moving avg. | $117.82 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.0% |
| 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 | 37.9% | +50 bp | +0.7% |
| VFMF | Vanguard U.S. Multifactor ETF | 30.4% | +5 bp | +6.7% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 30.4% | +2 bp | +2.3% |
| JMOM | JPMorgan U.S. Momentum Factor ETF | 30.1% | -1 bp | +3.3% |
| FDMO | Fidelity Momentum Factor ETF | 29.9% | +16 bp | +1.4% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 29.8% | +16 bp | +8.3% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 28.7% | +2 bp | +4.5% |
| FTC | First Trust Large Cap Growth AlphaDEX Fund | 28.2% | +46 bp | +1.5% |
| MMTM | SPDR S&P 1500 Momentum Tilt ETF | 28.1% | -1 bp | +2.7% |
| AUSF | Global X Adaptive U.S. Factor ETF | 27.0% | +14 bp | +3.5% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/26/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VFMO
2.7%
Cat. Avg
6.5%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.7% |
Recommendation
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.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.5% and a standard deviation of
3.1%. VFMO's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places VFMO in the 11st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VFMO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VFMO | 13.0 | 18.9 | 31.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .