- ISIN
- US9219356071
- CUSIP
- 921935607
- Issuer
- Vanguard
- Inception Date
- Feb 13, 2018
- Region
- North America (U.S.)
- Category
- Multi-factor
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $643M
Share Price Chart
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Performance
VFMF Performance Chart
Vanguard U.S. Multifactor ETF (VFMF) is up 17.0% since the beginning of the year. VFMF is currently trading at $176 per share. Investors who bought $1,000 worth of VFMF shares 5 years ago would now be looking at an investment worth $1,933.
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Returns By Period
Vanguard U.S. Multifactor ETF (VFMF) has returned 16.99% so far this year and 36.83% over the past 12 months.
Vanguard U.S. Multifactor ETF
- 1D
- 0.60%
- 1M
- 2.90%
- YTD
- 16.99%
- 6M
- 15.15%
- 1Y
- 36.83%
- 3Y*
- 22.51%
- 5Y*
- 14.09%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VFMF Monthly Returns History
Based on dividend-adjusted daily data since Feb 15, 2018, VFMF's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2022 with a return of +14.0%, while the worst month was Mar 2020 at -18.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VFMF closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.61% | 2.92% | -4.04% | 8.63% | 1.90% | 2.29% | 16.99% | ||||||
| 2025 | 4.41% | -2.08% | -4.94% | -2.16% | 5.49% | 3.66% | -0.21% | 5.72% | 2.00% | -0.64% | 3.73% | 1.79% | 17.38% |
| 2024 | 0.66% | 4.65% | 5.24% | -5.37% | 3.98% | -1.50% | 7.24% | -0.59% | 0.34% | -0.51% | 8.56% | -6.86% | 15.60% |
| 2023 | 5.79% | -1.53% | -3.24% | -1.02% | -2.87% | 9.69% | 4.78% | -1.71% | -3.13% | -4.34% | 7.61% | 8.57% | 18.52% |
| 2022 | -4.73% | 0.71% | 1.43% | -6.29% | 3.42% | -10.54% | 9.07% | -1.78% | -7.97% | 14.02% | 4.91% | -5.24% | -5.70% |
| 2021 | 2.94% | 6.38% | 6.03% | 2.71% | 2.81% | -0.93% | -0.89% | 2.91% | -3.01% | 5.83% | -1.76% | 4.10% | 30.05% |
Benchmark Metrics
Vanguard U.S. Multifactor ETF has an annualized alpha of 0.10%, beta of 0.98, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since February 15, 2018.
- With beta of 0.98 and R2 of 0.80, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.10%
- Beta
- 0.98
- R²
- 0.80
- Upside Capture
- 95.20%
- Downside Capture
- 97.38%
Expense Ratio
VFMF has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
VFMF ranks 88 for risk / return — in the top 88% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard U.S. Multifactor ETF (VFMF) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VFMF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.37 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 2.78 | +2.44 |
| Martin ratioReturn relative to average drawdown | 19.65 | 12.44 | +7.21 |
Dividends
Dividend History
Vanguard U.S. Multifactor ETF provided a 1.00% dividend yield over the last twelve months, with an annual payout of $1.76 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.76 | $2.32 | $2.10 | $2.05 | $2.18 | $1.49 | $1.31 | $1.30 | $0.82 |
Dividend yield | 1.00% | 1.54% | 1.60% | 1.78% | 2.21% | 1.39% | 1.56% | 1.61% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard U.S. Multifactor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.00 | $0.65 | ||||||
| 2025 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.64 | $2.32 |
| 2024 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.60 | $2.10 |
| 2023 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.55 | $2.05 |
| 2022 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.66 | $2.18 |
| 2021 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.58 | $1.49 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard U.S. Multifactor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard U.S. Multifactor ETF was 41.34%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Vanguard U.S. Multifactor ETF drawdown is 0.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.34%Mar 2020 | 2mo 2d | 8mo 16d | 10mo 18dJan 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -23.58%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
2025 selloff2025 | -20.57%Apr 2025 | 4mo 13d | 4mo 7d | 8mo 20dNov 2024 - Aug 2025 |
Bear market2022 | -19.06%Sep 2022 | 10mo 13d | 9mo 20d | 1y 7moNov 2021 - Jul 2023 |
2023 correction2023 | -10.05%Oct 2023 | 2mo 26d | 1mo 8d | 4mo 4dAug 2023 - Dec 2023 |
Drawdown Indicators
| VFMF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -56.78% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -9.10% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.57% | -18.90% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -25.43% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.68% | -1.80% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -10.71% | +5.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.03% | -0.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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