Skip to content
etf.net

FMTM vs VFMO

MarketDesk Focused U.S. Momentum ETF

FMTMBNasdaq

Vanguard U.S. Momentum Factor ETF

VFMOACboe

Overlap

Expense ratio

VFMO −0.32pt a year

FMTM0.45%VFMO0.13%

Avg volume · 30D

FMTM 3.5×the volume

FMTM205KVFMO58.8K

FMTM vs VFMO Performance

Oct 31, 2025 – Oct 30, 2026

+22.9%FMTM+11.2%VFMO

Oct 31, 2025 to Oct 30, 2026. FMTM +22.9%. VFMO +11.2%. Use the arrow keys to read each point.0%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
FMTM 0.45%
VFMO 0.13%, better
Fund size
FMTM $277M
VFMO $1.9B
1Y total return
FMTM +22.9%, better
VFMO +11.2%
Yield (12M)
FMTM No data
VFMO 0.62%
Holdings
FMTM 32
VFMO 700
Avg volume (30D)
FMTM 205K sh, better
VFMO 58.8K sh
NAV per share
FMTM $38.59
VFMO $217.36
52W range

ETF.net Grade

FMTM: Cost 79, Risk 46, Mission not scored, Tradability 64, Holdings 69, Durability 59. VFMO: Cost 95, Risk 51, Mission 39, Tradability 62, Holdings 89, Durability 93.
Pillar letters and Scores for FMTM, VFMO, with each pillar’s weight
PillarFMTMVFMO
Cost30% weightA79A95Higher
Mission25% weightNot scoredD39
Risk15% weightC46C51Higher
Tradability15% weightB64HigherB62
Holdings10% weightB69A89Higher
Durability5% weightB59A93Higher

Rank among US Active Momentum funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FMTM and VFMO are both graded against the same 20 US Active Momentum funds, so their Grades compare head to head.

US Active Momentum⁠

Category · 20 funds
See all 20 ›

VFMO ranks 3rd and FMTM 5th of 20 funds in the US Active Momentum Category.

  1. Rank 1AJMOMJPMorgan U.S. Momentum Factor ETFScore 86
  2. Rank 2ASEIMSEI QiM U.S. Large Cap Momentum Active ETFScore 81
  3. Rank 3AVFMOVanguard U.S. Momentum Factor ETFScore 78
  4. Rank 4AQMOMAlpha Architect U.S. Quantitative Momentum ETFScore 73
  5. Rank 5BFMTMMarketDesk Focused U.S. Momentum ETFScore 66
  6. Rank 6BDWASInvesco Dorsey Wright SmallCap Momentum ETFScore 64

Our read on each fund

ETF.net Research

FMTMBMarketDesk Focused U.S. Momentum ETF

VFMOAVanguard U.S. Momentum Factor ETF

In short

FMTM Momentum with a hand on the wheel: an actively managed, rules-based screen that hunts U.S. stocks showing strong relative momentum, with a quality check bolted on. Launched in 2025 and priced under the typical active momentum fund.

VFMO Vanguard doing active. A quant team buys the strongest recent performers across the entire US market, roughly 600 names deep, at 0.13% a year for a job that usually costs several times more.

Stated mandate

FMTM The Fund seeks long-term capital appreciation. It is actively managed and uses a proprietary, quantitative, rules-based process to select U.S. equities demonstrating strong relative momentum.

VFMO The Fund seeks long-term capital appreciation by investing in U.S. stocks with strong recent performance selected through the advisor’s quantitative process.

Why people hold it

  • FMTM Costs 0.45% a year, comfortably below the median fund in its U.S. momentum peer group.
  • Raw momentum can chase junk. The prospectus process pairs the momentum screen with a quality factor, so what's rising also has to hold up on the books.
  • Moderately traded, with one of the smoother trading profiles among systematic U.S. momentum funds. Getting in and out is rarely the friction point.
  • Sits in the top quartile of the systematic U.S. momentum funds ETF.net tracks, a cohort stacked with giant index-based rivals.
  • VFMO Costs 0.13% a year, sitting with the cheapest systematic momentum funds (JMOM 0.12%, SPMO 0.13%, MTUM 0.15%) and well under the group's typical fee.
  • Hunts winners across the full Russell 3000, small and mid caps included, and spreads the bet over about 600 stocks rather than a short list of mega caps.vanguard.com
  • Actively run through Vanguard's quantitative process: the Russell 3000 is the yardstick, not a rulebook the fund has to copy on index-review day.vanguard.com
  • A multi-billion-dollar fund paying quarterly, and one of the stronger implementations in the US momentum group on cost and portfolio construction.

Worth knowing

  • FMTM Launched in 2025, so the model has yet to be tested across a full market cycle and its risk picture rests on a short record.
  • The index-based heavyweights (JMOM, VFMO, SPMO, MTUM) charge 0.12% to 0.15%. Active security selection here carries a higher sticker.
  • Momentum strategies crowd into whatever is already winning, so the ride tends to be choppier than a broad U.S. market fund when leadership rotates.
  • VFMO Momentum by design owns what has already run. When market leadership flips, this style tends to take the turn harder than a plain total-market fund.
  • No index to hide behind. Results ride on Vanguard's model, and the portfolio can look very different from the Russell 3000 in either direction.
  • Trading activity is moderate rather than category-leading, which shows up in spreads on large orders more than small ones.

Full FMTM profile⁠

Full VFMO profile⁠

FMTM vs VFMO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FMTM vs VFMO Cost

Overpaying FMTM vs VFMO

$6,315

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FMTM 0.45%

    $9,041

  • VFMO 0.13%

    $2,726

$10,000
30 years

Cost over time

  • FMTM 0.45%
  • VFMO 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FMTM $9,041VFMO $2,726

Year by year

YearFMTMVFMOOverpaying
10$812$238$574
20$3,128$930$2,198
30$9,041$2,726$6,315

Expense ratio

  • 0.45%FMTM
  • 0.13%VFMO, cheaper
  • Middle half of US Active Momentum funds
  • Median 0.64%

VFMO 2nd cheapest of 20 funds

FMTM 5th cheapest of 20 funds

FMTM vs VFMO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FMTM No data
VFMO 0.62%
Payout (12M)
FMTM No data
VFMO $1.36
Last payment
FMTM $0.10
VFMO $0.31
Ex-dividend
FMTM Dec 23, 2025
VFMO Sep 23, 2026
Paid on
FMTM Dec 24, 2025
VFMO Sep 25, 2026
Frequency
FMTM Irregular
VFMO Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

FMTMIrregular · 1 paymentAll FMTM payments⁠
One bar per payment. 1 payment from 2018 to 2026 YTD. Dec 23, 2025 $0.10. Use the arrow keys to read each point.$0$0.50202020232026YTD
VFMOQuarterly · 34 paymentsAll VFMO payments⁠
One bar per payment. 34 payments from 2018 to 2026 YTD. Jun 28, 2018 $0.17; Sep 26, 2018 $0.12; Dec 19, 2018 $0.18; Mar 21, 2019 $0.20; Jun 21, 2019 $0.29; Sep 16, 2019 $0.20; Dec 20, 2019 $0.36; Mar 23, 2020 $0.13; Jun 29, 2020 $0.13; Sep 21, 2020 $0.06; Dec 24, 2020 $0.19; Mar 22, 2021 $0.11; Jun 29, 2021 $0.21; Sep 24, 2021 $0.26; Dec 27, 2021 $0.50; Mar 21, 2022 $0.36; Jun 29, 2022 $0.56; Sep 23, 2022 $0.49; Dec 22, 2022 $0.56; Mar 23, 2023 $0.36; Jun 23, 2023 $0.28; Sep 21, 2023 $0.15; Dec 19, 2023 $0.37; Mar 21, 2024 $0.16; Jun 27, 2024 $0.32; Sep 26, 2024 $0.27; Dec 23, 2024 $0.44; Mar 25, 2025 $0.31; Jun 20, 2025 $0.56; Sep 24, 2025 $0.35; Dec 23, 2025 $0.35; Mar 24, 2026 $0.23; Jun 24, 2026 $0.47; Sep 23, 2026 $0.31. Use the arrow keys to read each point.$0$0.50202020232026YTD

FMTM vs VFMO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FMTM 19.9%since Apr 2025VFMO 19.6%
Return per unit of riskSharpe ratio, 3 years
FMTM 1.23since Apr 2025VFMO 1.12
Worst fallMax drawdown, 5 years
FMTM −15.4%since Mar 2025VFMO −25.8%
Market sensitivityBeta, 5 years
FMTM 0.97VFMO 1.32

Popular comparisons

  • FMTMBvsJMOMA

    MarketDesk Focused U.S. Momentum ETF · JPMorgan U.S. Momentum Factor ETF

    Expense ratio
    0.45% · 0.12%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VFMOAvsJMOMA

    Vanguard U.S. Momentum Factor ETF · JPMorgan U.S. Momentum Factor ETF

    Expense ratio
    0.13% · 0.12%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMTMBvsSEIMA

    MarketDesk Focused U.S. Momentum ETF · SEI QiM U.S. Large Cap Momentum Active ETF

    Expense ratio
    0.45% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VFMOAvsSEIMA

    Vanguard U.S. Momentum Factor ETF · SEI QiM U.S. Large Cap Momentum Active ETF

    Expense ratio
    0.13% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FMTMBvsQMOMA

    MarketDesk Focused U.S. Momentum ETF · Alpha Architect U.S. Quantitative Momentum ETF

    Expense ratio
    0.45% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VFMOAvsQMOMA

    Vanguard U.S. Momentum Factor ETF · Alpha Architect U.S. Quantitative Momentum ETF

    Expense ratio
    0.13% · 0.28%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.