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

1.0 B

ASSETS UNDER MGMT

13 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 13, 2018
Assets (mns)$1,041
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)$93,460
Large cap (>$10bn)51.7%
Mid cap ($2-10bn)24.9%
Small cap (<$2bn)12.2%
Developed mkts.89.5%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 84.8 %
IRELAND 1.7 %
LUXEMBOURG 1.0 %
Historical Performance


Standardized Performance (as of 05/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 0.0% 9.6% 21.2% 11.5% 14.7% -- -- 10.9%
Dividend Yield 0.0% 0.4% 0.7% 1.1% 1.0% -- -- 1.0%
Total Returns 0.0% 10.0% 21.9% 12.6% 15.7% -- -- 11.9%
Ann. Volatility 31.9% 25.8% 21.8% 21.4% 22.5% -- -- 23.9%
Market Correlations
versus...BetaR-squared
S&P 5001.1482%
MSCI EAFE0.7840%
MSCI Emg Mkts0.4915%
Liquidity Measures
Avg. volume (000)32
ADV traded (mns)$5
Turnover0.5%
Avg. Bid/Ask (% of price)0.21%
Technical Indicators
Recent close$164.37
30d moving avg.$162.93
Annualized volatility21.3%
Relative strength (RSI)54
Short interest0.2%
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: vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 6/16/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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™

3.3%

Cat. Avg

5.9%


ALTAR Score™ Calculation

Category Overview
There are 935 funds in the US Equity category, with an average ALTAR Score™ of 5.9% and a standard deviation of 2.3%. 's ALTAR Score™ is approximately 1.1 standard deviations below the category average. This places in the 13rd 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
(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)
13.0 0.0 13
Peer Avg. 45.8 19.3 65.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .