IMTM vs VDG: Grades, Fees and Holdings Compared

iShares MSCI Intl Momentum Factor ETF

IMTMBNYSE Arca

Vanguard Developed Markets ex US Growth Index ETF

VDGBCboe

Overlap

44.2%by weight

Expense ratio

VDG −0.22pt a year

IMTM0.30%VDG0.08%

Avg volume · 30D

IMTM 53.6×the volume

IMTM354KVDG6.6K

IMTM vs VDG Performance

Jul 31, 2026 – Oct 30, 2026

−2.3%IMTM−3.5%VDG

Expense ratio: IMTM 0.30%; VDG 0.08%, better
Fund size: IMTM $4.17B; VDG $47M
1Y total return: IMTM +12.1%; VDG No data
Yield (12M): IMTM 4.56%; VDG No data
Holdings: IMTM 314; VDG 593
Avg volume (30D): IMTM 354K sh, better; VDG 6.6K sh
NAV per share: IMTM $50.91; VDG $75.96
52W range

ETF.net Grade

Pillar letters and Scores for IMTM, VDG, with each pillar’s weight
Pillar	IMTM	VDG
Cost30% weight	B61	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	D39Higher	D33
Tradability15% weight	A72Higher	F6
Holdings10% weight	C50	B63Higher
Durability5% weight	A76Higher	D27

Rank among International Factor Index funds

How we build Categories ›

Same Category. IMTM and VDG are both graded against the same 15 International Factor Index funds, so their Grades compare head to head.

International Factor Index⁠

Category · 15 funds

See all 15 ›

IMTM ranks 7th and VDG 7th of 15 funds in the International Factor Index Category.

Rank 6BTLTDNorthern Trust Morningstar Developed Markets ex-US Factor Tilt ETFScore 59
Rank 7BIMTMiShares MSCI Intl Momentum Factor ETFScore 58
Rank 7BVDGVanguard Developed Markets ex US Growth Index ETFScore 58
Rank 9CGMOIGMO International Value ETFScore 52

Our read on each fund

ETF.net Research

IMTMBiShares MSCI Intl Momentum Factor ETF

VDGBVanguard Developed Markets ex US Growth Index ETF

In short

IMTM Momentum investing usually stops at the US border. IMTM runs the same idea across developed markets outside America, holding roughly 300 stocks picked for strong price momentum and reshuffling as leadership changes hands.

VDG No data

Stated mandate

IMTM The fund seeks to follow an index of developed-market international equities selected for relatively strong price momentum.

VDG No data

Why people hold it

IMTM Charges 0.30%, half the typical fee among international active-equity funds, and undercuts factor peers like AVDS while sitting near AVDE and DFIC.
A rare pure-momentum sleeve for developed markets outside the US, where most factor money never leaves home.
Live since 2015 and now a multi-billion-dollar iShares fund, so it has a decade of track record and real trading depth behind it.
Ranks in the top quartile of its international equity peer group on our review, one of the stronger implementations in the category.

VDG No data

Worth knowing

IMTM Momentum chases what is already working, so the portfolio can tilt hard toward whichever countries and sectors are hot and swing more than a broad index.
Roughly 300 developed-market names means no emerging markets and a narrower bench than a total international fund.
Distributions arrive once or twice a year, not monthly, and it trades moderately rather than at mega-fund volumes.

VDG No data

Full IMTM profile⁠

Full VDG profile⁠

IMTM vs VDG Holdings

How IMTM and VDG differ

Overlap by weight

44.2%

Shared holdings make up 68.9% of IMTM and 47.0% of VDG.

Level by level

Holdings165 in both44.2%
Countryby domicile76.8%
Asset classEquity100%

Sector

No Sector split for VDG.

Country, concentration and asset class

Country by domicile

Country weights in IMTM and VDG, widest gap first
Country	More in IMTMMore in VDG	IMTM	VDG
Canada	IMTM +10.0 points	19.7%	9.7%
South Korea	VDG +9.1 points	0.0%	9.1%
Japan	IMTM +5.9 points	27.1%	21.2%
Australia	VDG +3.1 points	2.6%	5.7%
Netherlands	IMTM +2.1 points	7.2%	5.1%
Germany	VDG +1.9 points	4.6%	6.5%
Spain	IMTM +1.8 points	5.3%	3.5%
France	VDG +1.7 points	4.6%	6.3%
Other countries (17)	VDG +4.0 points	28.9%	32.9%

Outside the US: IMTM 99% developed, 1% emerging. VDG 90% developed, 10% emerging.

Concentration

Weight in the 10 largest Holdings

IMTM24.6%
VDG22.4%

Securities held

IMTM297
VDG578

Asset class

IMTM: Equity
VDG: Equity

Holdings

Only in IMTM132
In both165
Only in VDG413

Only in IMTM

132 securities, 30.6% of IMTM by weight

Totalenergies1.85%
Allianz1.18%
Bank of Nova Scotia1.15%
Suncor Energy Inc1.03%
Canadian Natural Resources Ltd1.02%
Bp PLC0.90%
Mitsubishi0.84%
Panasonic Holdings0.76%
Enbridge0.72%
Rio Tinto0.70%
Ing Groep0.68%
Eni0.67%
British American Tobacco0.66%
Glencore PLC0.57%
Manulife Financial0.56%
Nokia0.55%
Japan Tobacco0.55%
Repsol0.50%
Enel0.49%
Takeda Pharmaceutical0.46%
Orix0.46%
Tc Energy0.43%
Power Corporation of Canada0.42%
Marubeni0.40%
Nordea Bank0.35%
Tower Semiconductor0.33%
Japan Post Bank Ltd0.33%
Woodside Energy Group Ltd0.33%
Equinor0.32%
Bnp Paribas SA0.32%
Societe Generale SA0.31%
Kyocera0.31%
Stmicroelectronics0.30%
Nebius NV Class A0.28%
Assicurazioni Generali0.28%
Sun Life Financial Inc0.28%
Rio Tinto0.26%
Basf N0.26%
Orange SA0.24%
Danske Bank0.23%
Great West Lifeco Inc0.22%
Astellas Pharma0.21%
Japan Post Holdings Ltd0.20%
Vodafone Group PLC0.20%
Swiss Life Holding AG0.20%
Bombardier Class B0.19%
Eneos Holdings0.19%
Fortis0.19%
Nn Group0.19%
Teck Resources Subordinate Voting0.18%

Only in VDG

413 securities, 52.9% of VDG by weight

SK hynix Inc4.84%
Samsung Electronics Co Ltd2.34%
Siemens AG1.43%
Sap SE1.37%
Shopify Inc1.15%
Schneider Electric SE1.14%
Commonwealth Bank of Australia1.12%
Rolls-Royce Holdings PLC1.03%
SoftBank Group Corp0.99%
UniCredit SpA0.90%
Airbus SE0.85%
Safran SA0.83%
Novo Nordisk A/S0.77%
LVMH Moet Hennessy Louis Vuitton SE0.71%
AstraZeneca PLC0.70%
L'Oreal SA0.63%
Agnico Eagle Mines Ltd0.59%
National Australia Bank Ltd0.54%
Unilever PLC0.53%
Hitachi Ltd0.50%
Spotify Technology SA0.49%
SK Square Co Ltd0.48%
NatWest Group PLC0.46%
Industria de Diseno Textil SA0.44%
Sony Group Corp0.40%
Wheaton Precious Metals Corp0.39%
Argenx SE0.39%
Hong Kong Exchanges & Clearing Ltd0.37%
Macquarie Group Ltd0.37%
Relx PLC0.37%
Atlas Copco AB0.35%
Hermes International SCA0.34%
Intesa Sanpaolo SpA0.33%
Rheinmetall AG0.32%
Mitsubishi Heavy Industries Ltd0.32%
Hoya Corp0.32%
Compass Group PLC0.32%
Prosus NV0.31%
Ferrari NV0.30%
London Stock Exchange Group PLC0.30%
Constellation Software Inc/Canada0.28%
Wesfarmers Ltd0.28%
Legrand SA0.27%
Arm Holdings Plc-Adr0.26%
Waste Connections Inc0.25%
Sea Ltd-Adr0.24%
Cameco Corp0.24%
ANZ Group Holdings Ltd0.24%
Disco Corp0.24%
Deutsche Bank AG0.23%

Weight gaps

The 100 widest of 165 Holdings in both funds.

Holding weights in IMTM and VDG, widest gap first
Holding	More in IMTMMore in VDG	IMTM	VDG
Toronto Dominion	IMTM +1.83 points	2.48%	0.65%
Royal Bank of Canada	IMTM +1.67 points	3.42%	1.75%
ShellSHEL.L	IMTM +1.20 points	2.10%	0.90%
Novartis AG	IMTM +1.09 points	2.12%	1.03%
Canadian Imperial Bank of Commerce	IMTM +1.00 points	1.34%	0.34%
Iberdrola	IMTM +0.94 points	1.37%	0.43%
Roche Ps Par AG	IMTM +0.91 points	2.01%	1.10%
Bhp Group Ltd	IMTM +0.86 points	1.47%	0.61%
Bank of Montreal	IMTM +0.86 points	1.19%	0.33%
Oversea-Chinese Banking	IMTM +0.70 points	1.02%	0.32%
Kioxia Holdings	IMTM +0.69 points	1.52%	0.83%
Murata Manufacturing	IMTM +0.64 points	0.91%	0.27%
Advantest	IMTM +0.56 points	1.60%	1.04%
Banco Santander	IMTM +0.48 points	1.29%	0.81%
Hsbc Holdings PLCHSBA.L	IMTM +0.45 points	2.63%	2.18%
Ubs Group AG	VDG +0.43 points	0.50%	0.93%
National Bank of Canada	IMTM +0.40 points	0.75%	0.35%
Siemens Energy N AG	IMTM +0.38 points	0.78%	0.40%
Cenovus Energy	IMTM +0.38 points	0.48%	0.10%
Mitsui	IMTM +0.36 points	0.62%	0.26%
Compagnie Financiere Richemont SA	VDG +0.34 points	0.40%	0.74%
Dbs Group Holdings Ltd	IMTM +0.34 points	1.13%	0.79%
Engie SA	IMTM +0.31 points	0.42%	0.11%
Teva Pharmaceutical IndustriesTEVA	IMTM +0.28 points	0.39%	0.11%
Mitsubishi Electric	IMTM +0.28 points	0.50%	0.22%
Investor Class B	IMTM +0.27 points	0.60%	0.33%
Sumitomo Electric Industries	IMTM +0.26 points	0.44%	0.18%
Bayer AG	IMTM +0.24 points	0.38%	0.14%
Ibiden Ltd	IMTM +0.23 points	0.37%	0.14%
Daiichi Life Group	IMTM +0.22 points	0.34%	0.12%
Keyence	VDG +0.22 points	0.43%	0.65%
Asml Holding	IMTM +0.23 points	4.67%	4.44%
Recruit Holdings Ltd	VDG +0.22 points	0.73%	0.95%
Rwe AG	IMTM +0.22 points	0.37%	0.15%
Sumitomo	IMTM +0.22 points	0.37%	0.15%
Sompo Holdings	IMTM +0.21 points	0.34%	0.13%
Tokio Marine Holdings	VDG +0.21 points	0.42%	0.63%
Sandoz Group AG	IMTM +0.18 points	0.31%	0.13%
Abb Ltd	IMTM +0.18 points	1.11%	0.93%
Sumitomo Mitsui Financial Group	IMTM +0.18 points	1.26%	1.08%
E.on N	IMTM +0.18 points	0.29%	0.11%
Arcelormittal SA	IMTM +0.18 points	0.26%	0.08%
Shin Etsu Chemical	IMTM +0.17 points	0.41%	0.24%
Toyota Tsusho	IMTM +0.16 points	0.26%	0.10%
Inpex	IMTM +0.15 points	0.21%	0.06%
Deutsche Boerse AG	VDG +0.16 points	0.23%	0.39%
GlaxosmithklineGSK.L	IMTM +0.14 points	0.53%	0.39%
Anglo American PLCAAL.L	IMTM +0.14 points	0.30%	0.16%
Canadian National Railway	IMTM +0.14 points	0.39%	0.25%
Resonac Holdings	IMTM +0.14 points	0.19%	0.05%
Jx Advanced Metals Corp	IMTM +0.14 points	0.19%	0.05%
Sandvik	IMTM +0.14 points	0.29%	0.15%
Svenska Handelsbanken-A Shs	IMTM +0.13 points	0.13%	<0.01%
Fanuc Corp	IMTM +0.13 points	0.23%	0.10%
Skandinaviska Enskilda Banken	VDG +0.13 points	0.10%	0.23%
Barclays PLCBARC.L	VDG +0.12 points	0.40%	0.52%
Mizuho Financial Group	IMTM +0.12 points	0.99%	0.87%
Acs Actividades De Construccion Y	IMTM +0.12 points	0.25%	0.13%
Itochu	IMTM +0.12 points	0.41%	0.29%
Otsuka Holdings	IMTM +0.12 points	0.24%	0.12%
Caixabank SA	IMTM +0.12 points	0.35%	0.23%
Bae Systems PLCBA.L	VDG +0.11 points	0.39%	0.50%
Woolworths Group	IMTM +0.11 points	0.25%	0.14%
Sun Hung Kai Properties Ltd	IMTM +0.10 points	0.14%	0.04%
Mitsubishi Estate Co Ltd	IMTM +0.10 points	0.18%	0.08%
Fast Retailing	IMTM +0.10 points	0.71%	0.61%
Galderma Group N AG	IMTM +0.10 points	0.33%	0.23%
Lair Liquide Societe Anonyme Pour	VDG +0.09 points	0.40%	0.49%
Resona Holdings	IMTM +0.09 points	0.21%	0.12%
Lloyds Banking Group PLCLLOY.L	VDG +0.08 points	0.44%	0.52%
Swedbank	IMTM +0.09 points	0.21%	0.12%
Fujikura	IMTM +0.09 points	0.44%	0.35%
Loblaw Companies Ltd	IMTM +0.08 points	0.17%	0.09%
Elbit Systems	IMTM +0.08 points	0.20%	0.12%
Unipol Assicurazioni Spa	IMTM +0.08 points	0.11%	0.03%
Poste Italiane	IMTM +0.07 points	0.14%	0.07%
Phoenix Financial Ltd	IMTM +0.07 points	0.11%	0.04%
Lundin Mining	IMTM +0.07 points	0.13%	0.06%
Imperial Oil Ltd	IMTM +0.06 points	0.18%	0.12%
Smc (Japan) Corp	IMTM +0.06 points	0.13%	0.07%
Nomura Holdings	IMTM +0.06 points	0.17%	0.11%
Intercontinental Hotels Group PLCIHG.L	VDG +0.06 points	0.08%	0.14%
Tokyo Electron	VDG +0.06 points	1.07%	1.13%
Erste Group Bank AG	VDG +0.06 points	0.22%	0.28%
Toromont Industries Ltd	IMTM +0.06 points	0.11%	0.05%
Daiwa Securities Group Inc	IMTM +0.05 points	0.10%	0.05%
Celestica	VDG +0.05 points	0.24%	0.29%
Mitsubishi Ufj Financial Group	VDG +0.05 points	1.72%	1.77%
Boc Hong Kong Holdings Ltd	IMTM +0.05 points	0.20%	0.15%
Singapore Exchange	IMTM +0.05 points	0.12%	0.07%
Coca Cola Europacific Partners PLCCCEP	VDG +0.05 points	0.08%	0.13%
Enlight Renewable Energy	IMTM +0.05 points	0.11%	0.06%
Keyera	IMTM +0.05 points	0.08%	0.03%
Yokohama Financial Group	IMTM +0.05 points	0.09%	0.04%
Raiffeisen Bank International AG	IMTM +0.04 points	0.08%	0.04%
Igm Financial Inc	IMTM +0.05 points	0.06%	0.01%
Anheuser-Busch Inbev SA	IMTM +0.04 points	0.30%	0.26%
Alimentation Couche Tard Inc	IMTM +0.05 points	0.16%	0.11%
Dhl AG	IMTM +0.05 points	0.23%	0.18%
MS&AD Insurance Group Holdings	IMTM +0.04 points	0.14%	0.10%

All 298 IMTM holdings⁠All VDG 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.

IMTM vs VDG Cost

Overpaying IMTM vs VDG

$4,460

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

IMTM 0.30%
$6,149
VDG 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IMTM 0.30%
VDG 0.08%
Overpaying

Year by year

Year	IMTM	VDG	Overpaying
10	$545	$147	$398
20	$2,113	$575	$1,538
30	$6,149	$1,689	$4,460

Expense ratio

0.30%IMTM
0.08%VDG, cheaper

VDG0.08%IMTM0.30%

0.08%0.65%

Middle half of International Factor Index funds
Median 0.34%

VDG cheapest of 15 funds

IMTM 6th cheapest of 15 funds

IMTM vs VDG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IMTM 4.56%; VDG No data
Payout (12M): IMTM $2.32; VDG No data
Last payment: IMTM $0.60; VDG $0.27
Ex-dividend: IMTM Jun 15, 2026; VDG Sep 18, 2026
Paid on: IMTM Jun 18, 2026; VDG Sep 22, 2026
Frequency: IMTM Twice a year; VDG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IMTMTwice a year · 20 paymentsAll IMTM payments⁠

VDGQuarterly · 2 paymentsAll VDG payments⁠

IMTM vs VDG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IMTM 12.8%VDG No data
Return per unit of riskSharpe ratio, 3 years: IMTM 1.28VDG No data
Worst fallMax drawdown, 5 years: IMTM −30.6%VDG No data
Market sensitivityBeta, 5 years: IMTM 0.81VDG 0.94; Market = 1

IMTM and VDG in the news

All news⁠

New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026IMTM

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IMTM vs VDG

In short

Stated mandate

Why people hold it

Worth knowing

How IMTM and VDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMTM

Only in VDG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Three new international stock funds, and none is the cheap one

How IMTM and VDG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IMTM

Only in VDG

Weight gaps