VFMO — Vanguard U.S. Momentum Factor ETF ETF Shares

VFMO Price Performance — Growth of $10,000

Value of a $10,000 investment in VFMO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VFMO Drawdown

The "underwater" chart: VFMO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Vanguard U.S. Momentum Factor ETF is a US Quality / Factor fund issued by Vanguard with $1.92 billion in assets under management. It holds a C grade and ranks 13th out of 16 peers in its category, placing it in the lower tier of similar funds. The expense ratio of 0.13% is slightly below the category median of 0.15%, while its dividend yield of 0.62% trails the median of 1.24%. The fund’s top ten holdings represent only 9.9% of assets, with Micron Technology Inc serving as the largest single position at 1.4%.

The fund has delivered a 1-year return of 27.56%, outperforming the category median of 20.82%, though recent momentum has slowed with a 1-month decline of 0.31%. Over the longer term, the 3-year return stands at 98.64%, indicating strong historical growth despite the current price sitting at 73.0% of its 52-week range. The ETFValuer grade was downgraded from B to C on 2026-08-28, reflecting a shift in its overall assessment. This evaluation is based on 3.0 years of available price history, which limits the depth of long-term trend analysis.

With a beta of 1.34, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 24.31% is classified as High, contributing to a maximum drawdown of -24.40%. The Sharpe ratio of 0.93 suggests moderate risk-adjusted returns relative to the volatility experienced. Liquidity is constrained, with an average daily volume of 68,896 shares and a wide bid/ask spread of 2.41%, which may impact trading efficiency.

AI-generated summary based on the data on this page.

VFMO Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 9.9% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VFMO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VFMO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VFMO's top 10 — SMH overlaps most, holding 6 of the same companies as VFMO's top 10 (6.2% of VFMO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VFMO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.41% and average daily volume is 69K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.92B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VFMO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VFMO Performance History

How VFMO Compares to Other US Quality / Factor ETFs