Vanguard U.S. Multifactor ETF
$180.93−1.23 (−0.67%)
- Expense ratio
- 0.18%
- Fund size
- $976M
- 1Y return
- +27.7%
- Yield · Last 12 months
- 1.34%
- Holdings
- 553
- Volume · 30D
- 0M sh
- NAV per share
- $182.46
- 52W range
The ETF.net VFMF Grade
Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 62Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 66Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 49Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 71Category rank
Our read on VFMF
BThree factor bets in one Vanguard wrapper: a quantitative model sifts the broad U.S. market down to roughly 600 stocks tilted toward momentum, quality and value, for 0.18% a year (about half the going rate in the multifactor aisle).
Seeks long-term capital appreciation by using a quantitative model to build a diversified U.S. common-stock portfolio with exposure to momentum, quality, and value characteristics.
Why people hold it
- Costs 0.18% a year against a 0.32% median for its multifactor peer group. Unusually cheap for a strategy run by a quant model rather than a plain index copy.
- Momentum, quality and value in a single ticker, so there is no bolting three single-factor funds together and rebalancing them yourself.
- Roughly 600 names drawn from the Russell 3000 universe. The wager is on factor tilts across a wide bench, not on a concentrated handful of stocks.
- Sits in the upper tier of a crowded multifactor field on our review, with its cost and portfolio build doing the heavy lifting.
Worth knowing
- Trades lighter than the household-name factor funds. Spreads and limit orders matter more here than with a mega-cap index ETF.
- The model targets factor characteristics, not the Russell 3000's weights, so results can wander well away from the plain broad market for long stretches.
- If you want one tilt rather than three, Vanguard siblings run cheaper: VONV at 0.06% and VYM at 0.04%.
VFMF Holdings
- Stocks
- 553
- 9%
- MU
Sectors
- Financials24.7%
- Technology15.0%
- Health Care14.6%
- Consumer Discr.11.9%
- Energy10.6%
- Industrials8.2%
- Cons. Staples7.0%
- Communication4.6%
- Materials3.3%
- Real Estate0.2%
Geography
- United States93.68%
- Bermuda2.39%
- Ireland1.36%
- United Kingdom0.59%
- Puerto Rico0.57%
- Monaco0.31%
- Luxembourg0.29%
- Canada0.19%
- 0.61%
VFMF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
VFMF$12,772
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VFMF |
|---|---|
| Year to date | +22.3% |
| 1 month | −2.1% |
| 3 months | +4.5% |
| 1 year | +27.7% |
| 3 years | +23.2% |
| 5 years | +14.9% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VFMF |
|---|---|---|
| 2026 YTD | +22.3% | |
| 2025 | +17.4% | |
| 2024 | +15.6% | |
| 2023 | +18.5% | |
| 2022 | −5.7% | |
| 2021 | +30.0% | |
| 2020 | +5.0% |
VFMF in the news
VFMF Dividends
- 1.34%
- $2.44
- $0.68 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 23, 2026 | Pays Sep 25, 2026 | $0.60 |
| Jun 24, 2026 | Jun 26, 2026 | $0.68 |
| Mar 24, 2026 | Mar 26, 2026 | $0.65 |
| Dec 23, 2025 | Dec 26, 2025 | $0.64 |
| Sep 24, 2025 | Sep 26, 2025 | $0.47 |
| Jun 20, 2025 | Jun 24, 2025 | $0.61 |
| Mar 25, 2025 | Mar 27, 2025 | $0.60 |
| Dec 23, 2024 | Dec 26, 2024 | $0.60 |
| Sep 26, 2024 | Sep 30, 2024 | $0.52 |
| Jun 27, 2024 | Jul 1, 2024 | $0.56 |
| Mar 21, 2024 | Mar 26, 2024 | $0.42 |
| Dec 19, 2023 | Dec 22, 2023 | $0.55 |
VFMF Risk
- 14.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VFMF Cost
0.18%
VFMF0.18%
- The middle half of US Multifactor funds
- Median 0.30%
24 of the 98 US Multifactor funds charge less.