SAMM vs VFMO: Grades, Fees and Holdings Compared

Strategas Macro Momentum ETF

SAMMCNYSE Arca

Vanguard U.S. Momentum Factor ETF

VFMOACboe

Overlap

13.5%by weight

Expense ratio

VFMO −0.52pt a year

SAMM0.65%VFMO0.13%

Avg volume · 30D

VFMO 7.4×the volume

SAMM7.95KVFMO58.8K

SAMM vs VFMO Performance

Oct 31, 2025 – Oct 30, 2026

+10.8%SAMM+11.2%VFMO

Expense ratio: SAMM 0.65%; VFMO 0.13%, better
Fund size: SAMM $45M; VFMO $1.9B
1Y total return: SAMM +10.8%; VFMO +11.2%, better
Yield (12M): SAMM 0.94%, better; VFMO 0.62%
Holdings: SAMM 40; VFMO 700
Avg volume (30D): SAMM 7.95K sh; VFMO 58.8K sh, better
NAV per share: SAMM $33.89; VFMO $217.36
52W range

ETF.net Grade

Pillar letters and Scores for SAMM, VFMO, with each pillar’s weight
Pillar	SAMM	VFMO
Cost30% weight	C52	A95Higher
Mission25% weight	Not scored	D39
Risk15% weight	C49	C51Higher
Tradability15% weight	C46	B62Higher
Holdings10% weight	A74	A89Higher
Durability5% weight	C50	A93Higher

Rank among US Active Momentum funds

How we build Categories ›

Same Category. SAMM 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 SAMM 10th of 20 funds in the US Active Momentum Category.

Rank 1AJMOMJPMorgan U.S. Momentum Factor ETFScore 86
Rank 2ASEIMSEI QiM U.S. Large Cap Momentum Active ETFScore 81
Rank 3AVFMOVanguard U.S. Momentum Factor ETFScore 78
Rank 4AQMOMAlpha Architect U.S. Quantitative Momentum ETFScore 73
Rank 8CMFMOMotley Fool Momentum Factor ETFScore 54
Rank 10CSAMMStrategas Macro Momentum ETFScore 53
Rank 10CTACKFairlead Tactical Sector ETFScore 53

Our read on each fund

ETF.net Research

SAMMCStrategas Macro Momentum ETF

VFMOAVanguard U.S. Momentum Factor ETF

In short

SAMM Strategas made its name selling macro research to institutions. SAMM is that call in a ticker: 20 to 50 momentum leaders, with room to shift into Treasuries or gold when the tape turns. 0.65%, net of a waiver through April 30, 2027.

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

SAMM The fund applies a macro momentum strategy. Its macro analysis considers economy-wide, policy, socioeconomic, and global developments, while momentum examines intermediate-term absolute and relative price trends.

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

SAMM Most momentum funds stay fully in stocks. SAMM's documents let it hold Treasury ETFs, gold ETPs or cash when its read turns defensive, a lever index rivals JMOM and VFMO lack.businesswire.com
A concentrated book: 20 to 50 US-listed names, drawn up and down the cap scale for technical and relative strength, rather than a slice of a broad momentum index.businesswire.com
The adviser is the asset management arm of Strategas Securities, an institutional macro research house, so the portfolio is that firm's house view expressed in stocks.businesswire.com
At 0.65% net of a waiver through April 30, 2027, the fee sits near the median for systematic US momentum funds, despite the discretionary machinery behind it.

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

SAMM Index momentum runs far cheaper: JMOM 0.12%, VFMO 0.13%, SEIM 0.15%, no waivers involved. SAMM's 0.65% net rests on a waiver through April 30, 2027; gross is 1.07%.
Discretion cuts both ways: when the managers rotate into Treasuries or gold, the fund can behave quite differently from a straight US stock portfolio.businesswire.com
A small, lightly traded fund next to the category's index giants, which can mean wider spreads at the screen and more care needed on size.

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 SAMM profile⁠

Full VFMO profile⁠

SAMM vs VFMO Holdings

How SAMM and VFMO differ

Overlap by weight

13.5%

Shared holdings make up 86.3% of SAMM and 13.5% of VFMO.

Level by level

Holdings34 in both13.5%
Sector11 Sectors73.7%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in SAMM and VFMO, widest gap first
Sector	More in SAMMMore in VFMO	SAMM	VFMO
Industrials	VFMO +16.9 points	2.3%	19.2%
Energy	SAMM +9.2 points	21.4%	12.2%
Health Care	SAMM +6.1 points	25.0%	18.9%
Financials	SAMM +3.7 points	9.3%	5.5%
Communication	VFMO +3.6 points	0.0%	3.6%
Consumer Discretionary	VFMO +3.3 points	2.3%	5.6%
Consumer Staples	SAMM +2.7 points	4.8%	2.1%
Materials	VFMO +2.5 points	2.5%	5.0%
Real Estate	SAMM +2.3 points	2.3%	0.0%
Technology	SAMM +2.2 points	30.0%	27.8%
Utilities	VFMO +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in SAMM and VFMO, widest gap first
Country	More in SAMMMore in VFMO	SAMM	VFMO
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

SAMM28.8%
VFMO9.7%

Securities held

SAMM40
VFMO698

Asset class

SAMM: Equity
VFMO: Equity

Holdings

Only in SAMM6
In both34
Only in VFMO664

Only in SAMM

6 securities, 13.8% of SAMM by weight

Revvity Inc2.42%
Host Hotels & Resorts Inc2.39%
Netapp Inc2.34%
Reinsurance Group of America2.28%
Paycom Software Inc2.20%
Atlassian Corp-Cl A2.11%

Only in VFMO

664 securities, 86.4% of VFMO by weight

SLBBH11421.24%
Advanced Micro Devices Inc1.07%
Intel Corp0.95%
Applied Materials Inc0.88%
Marvell Technology Inc0.87%
KLA Corp0.80%
Lam Research Corp0.79%
Western Digital Corp0.75%
Datadog Inc0.74%
Johnson & Johnson0.73%
Merck & Co Inc0.71%
GE Vernova Inc0.66%
EOG Resources Inc0.66%
Caterpillar Inc0.64%
Bank of New York Mellon Corp/The0.64%
Ross Stores Inc0.63%
Corning Inc0.63%
FedEx Corp0.61%
ExxonMobil Holdings Corp0.58%
Vertiv Holdings Co0.57%
CSX Corp0.57%
CVS Health Corp0.56%
Quanta Services Inc0.54%
Monster Beverage Corp0.53%
Eli Lilly & Co0.52%
Cisco Systems Inc0.49%
Howmet Aerospace Inc0.48%
Texas Instruments Inc0.47%
SLB Ltd0.46%
Apple Inc0.45%
Analog Devices Inc0.45%
Snowflake Inc0.43%
Southern Copper Corp0.43%
Amgen Inc0.43%
Airbnb Inc0.43%
Union Pacific Corp0.41%
Cloudflare Inc0.40%
Williams Cos Inc/The0.40%
Millicom International Cellular SA0.39%
Roivant Sciences Ltd0.34%
Iovance Biotherapeutics Inc0.31%
ImmunityBio Inc0.30%
SiTime Corp0.30%
Allstate Corp/The0.29%
DigitalOcean Holdings Inc0.29%
Morgan Stanley0.29%
Murphy USA Inc0.29%
Delta Air Lines Inc0.29%
FormFactor Inc0.28%
Viasat Inc0.28%

Weight gaps

All 34 Holdings in both funds, largest gap first.

Holding weights in SAMM and VFMO, widest gap first
Holding	More in SAMMMore in VFMO	SAMM	VFMO
Charles River LaboratoriesCRL	SAMM +3.11 points	3.24%	0.13%
Crowdstrike Holdings Inc - ACRWD	SAMM +2.66 points	3.43%	0.77%
Nucor CorpNUE	SAMM +2.58 points	2.69%	0.11%
Centene CorpCNC	SAMM +2.57 points	2.80%	0.23%
Hf Sinclair CorpDINO	SAMM +2.52 points	2.85%	0.33%
Natera IncNTRA	SAMM +2.51 points	2.67%	0.16%
Illumina IncILMN	SAMM +2.43 points	2.72%	0.29%
Guardant Health IncGH	SAMM +2.42 points	2.66%	0.24%
Target CorpTGT	SAMM +2.39 points	2.46%	0.07%
Hewlett Packard EnterpriseHPE	SAMM +2.37 points	2.66%	0.29%
Royalty Pharma Plc- Class ARPRX	SAMM +2.32 points	2.56%	0.24%
Central BancompanyCBC	SAMM +2.31 points	2.41%	0.10%
Sharkninja IncSN	SAMM +2.27 points	2.46%	0.19%
Expeditors Intl Wash IncEXPD	SAMM +2.26 points	2.34%	0.08%
Halozyme Therapeutics IncHALO	SAMM +2.26 points	2.42%	0.16%
Hanover Insurance Group Inc/THG	SAMM +2.19 points	2.28%	0.09%
Okta IncOKTA	SAMM +2.17 points	2.44%	0.27%
Targa Resources CorpTRGP	SAMM +2.16 points	2.41%	0.25%
Coca-Cola Co/TheKO	SAMM +2.12 points	2.28%	0.16%
Permian Resources Corp-Cl APR	SAMM +2.12 points	2.33%	0.21%
Ringcentral Inc-Class ARNG	SAMM +2.10 points	2.24%	0.14%
Ovintiv IncOVV	SAMM +2.09 points	2.29%	0.20%
Apa CorpAPA	SAMM +2.05 points	2.31%	0.26%
Palo Alto Networks IncPANW	SAMM +1.98 points	2.69%	0.71%
Moderna IncMRNA	SAMM +1.97 points	2.57%	0.60%
Marathon Petroleum CorpMPC	SAMM +1.92 points	2.91%	0.99%
Revolution Medicines IncRVMD	SAMM +1.86 points	2.18%	0.32%
Phillips 66PSX	SAMM +1.82 points	2.74%	0.92%
Travelers Cos Inc/TheTRV	SAMM +1.79 points	2.28%	0.49%
Valero Energy CorpVLO	SAMM +1.76 points	2.70%	0.94%
Dell Technologies -CDELL	SAMM +1.60 points	2.54%	0.94%
Micron Technology IncMU	SAMM +1.57 points	2.45%	0.88%
Sandisk CorpSNDK	SAMM +1.31 points	2.10%	0.79%
Fortinet IncFTNT	SAMM +1.29 points	2.20%	0.91%

All SAMM holdings⁠All 638 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.

SAMM vs VFMO Cost

Overpaying SAMM vs VFMO

$9,991

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

SAMM 0.65%
$12,717
VFMO 0.13%
$2,726

Amount$10,000

Years30 years

Cost over time

SAMM 0.65%
VFMO 0.13%
Overpaying

Year by year

Year	SAMM	VFMO	Overpaying
10	$1,163	$238	$925
20	$4,440	$930	$3,510
30	$12,717	$2,726	$9,991

Expense ratio

0.65%SAMM
0.13%VFMO, cheaper

VFMO0.13%SAMM0.65%

0.12%3.53%

Middle half of US Active Momentum funds
Median 0.64%

VFMO 2nd cheapest of 20 funds

SAMM 11th cheapest of 20 funds

SAMM vs VFMO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SAMM 0.94%, better; VFMO 0.62%
Payout (12M): SAMM $0.31; VFMO $1.36
Last payment: SAMM $0.31; VFMO $0.31
Ex-dividend: SAMM Dec 30, 2025; VFMO Sep 23, 2026
Paid on: SAMM Jan 7, 2026; VFMO Sep 25, 2026
Frequency: SAMM Irregular; VFMO Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

SAMMIrregular · 2 paymentsAll SAMM payments⁠

VFMOQuarterly · 34 paymentsAll VFMO payments⁠

SAMM vs VFMO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: SAMM 15.7%since May 2024VFMO 19.6%
Return per unit of riskSharpe ratio, 3 years: SAMM 0.65since May 2024VFMO 1.12
Worst fallMax drawdown, 5 years: SAMM −24.1%since Apr 2024VFMO −25.8%
Market sensitivityBeta, 5 years: SAMM 0.94VFMO 1.32; Market = 1

Popular comparisons

SAMMCvsJMOMA
Strategas Macro Momentum ETF · JPMorgan U.S. Momentum Factor ETF
Expense ratio
0.65% · 0.12%
Category
VFMOAvsJMOMA
Vanguard U.S. Momentum Factor ETF · JPMorgan U.S. Momentum Factor ETF
Expense ratio
0.13% · 0.12%
Category
SAMMCvsSEIMA
Strategas Macro Momentum ETF · SEI QiM U.S. Large Cap Momentum Active ETF
Expense ratio
0.65% · 0.15%
Category
VFMOAvsSEIMA
Vanguard U.S. Momentum Factor ETF · SEI QiM U.S. Large Cap Momentum Active ETF
Expense ratio
0.13% · 0.15%
Category
SAMMCvsQMOMA
Strategas Macro Momentum ETF · Alpha Architect U.S. Quantitative Momentum ETF
Expense ratio
0.65% · 0.28%
Category
VFMOAvsQMOMA
Vanguard U.S. Momentum Factor ETF · Alpha Architect U.S. Quantitative Momentum ETF
Expense ratio
0.13% · 0.28%
Category