FMTM vs. VFLO

Last updated Jul 12, 2026

FMTM (MarketDesk Focused U.S. Momentum ETF) and VFLO (VictoryShares Free Cash Flow ETF) are both exchange-traded funds - FMTM is a Momentum fund, while VFLO is a Large Cap Value Equities fund tracking the Victory U.S. Large Cap Free Cash Flow Index. FMTM is actively managed, while VFLO is passively managed. Over the past year, FMTM returned 54.93% vs 34.02% for VFLO. At a 0.42 correlation, their price movements are largely independent. FMTM charges 0.45%/yr vs 0.39%/yr for VFLO.

Performance

FMTM vs. VFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketDesk Focused U.S. Momentum ETF (FMTM) and VictoryShares Free Cash Flow ETF (VFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMTM achieves a 26.52% return, which is significantly higher than VFLO's 20.81% return.

FMTM

• 1D: -0.66%
• 1M: -1.05%
• 6M: 19.24%
• YTD: 26.52%
• 1Y: 54.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VFLO

• 1D: 0.13%
• 1M: 3.37%
• 6M: 17.68%
• YTD: 20.81%
• 1Y: 34.02%
• 3Y*: 24.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FMTM vs. VFLO - Yearly Performance Comparison

	2026 (YTD)	2025
FMTM MarketDesk Focused U.S. Momentum ETF	26.52%	28.21%
VFLO VictoryShares Free Cash Flow ETF	20.81%	14.50%

Correlation

The correlation between FMTM and VFLO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.42

Return for Risk

FMTM vs. VFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 73
FMTM Omega Ratio Rank: 75
FMTM Calmar Ratio Rank: 90
FMTM Martin Ratio Rank: 90

VFLO

VFLO Risk / Return Rank: 86
VFLO Sharpe Ratio Rank: 83
VFLO Sortino Ratio Rank: 84
VFLO Omega Ratio Rank: 80
VFLO Calmar Ratio Rank: 93
VFLO Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FMTM vs. VFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Momentum ETF (FMTM) and VictoryShares Free Cash Flow ETF (VFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	FMTM	VFLO	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.11	-0.01
Sortino ratio: Return per unit of downside risk	2.62	3.02	-0.39
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	4.46	5.12	-0.67
Martin ratio: Return relative to average drawdown	15.90	15.86	+0.04

FMTM vs. VFLO - Sharpe Ratio Comparison

The current FMTM Sharpe Ratio is 2.10, which is comparable to the VFLO Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FMTM and VFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMTM vs. VFLO - Drawdown Comparison

The maximum FMTM drawdown since its inception was -12.12%, smaller than the maximum VFLO drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for FMTM and VFLO.

Drawdown Indicators

	FMTM	VFLO	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-17.79%	+5.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-6.44%	-5.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.79%	—
Current Drawdown Current decline from peak	-6.83%	-1.49%	-5.34%
Average Drawdown Average peak-to-trough decline	-2.01%	-2.47%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.11%	+1.28%

Volatility

FMTM vs. VFLO - Volatility Comparison

MarketDesk Focused U.S. Momentum ETF (FMTM) has a higher volatility of 11.40% compared to VictoryShares Free Cash Flow ETF (VFLO) at 4.94%. This indicates that FMTM's price experiences larger fluctuations and is considered to be riskier than VFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMTM	VFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.40%	4.94%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	20.31%	12.06%	+8.25%
Volatility (1Y) Calculated over the trailing 1-year period	25.66%	15.65%	+10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	16.01%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.46%	16.01%	+8.45%

FMTM vs. VFLO - Expense Ratio Comparison

FMTM has a 0.45% expense ratio, which is higher than VFLO's 0.39% expense ratio.

Dividends

FMTM vs. VFLO - Dividend Comparison

FMTM's dividend yield for the trailing twelve months is around 0.23%, less than VFLO's 1.13% yield.

Position	TTM	2025	2024	2023
FMTM MarketDesk Focused U.S. Momentum ETF	0.23%	0.30%	0.00%	0.00%
VFLO VictoryShares Free Cash Flow ETF	1.13%	1.60%	1.20%	0.71%

Frequently Asked Questions

Can I hold both FMTM and VFLO in my portfolio?

FMTM and VFLO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMTM or VFLO?

FMTM has higher volatility (11.40%) compared to VFLO (4.94%). In terms of maximum drawdown, FMTM dropped -12.12% vs VFLO's -17.79%.

Which ETF is better, FMTM or VFLO?

On 1-year performance, FMTM leads with 54.93% vs 34.02% for VFLO. On fees, VFLO is cheaper at 0.39% per year. On volatility, VFLO has been the lower-risk option at 4.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FMTM or VFLO?

Over the 1-year period, FMTM has performed better with a 54.93% return vs 34.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FMTM or VFLO?

VFLO is cheaper with a 0.39% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, FMTM or VFLO?

VFLO has the higher dividend yield at 1.13%, compared with 0.23% for FMTM.

What is the main difference between FMTM and VFLO?

FMTM is categorized as Momentum, while VFLO is Large Cap Value Equities. Their fees differ too: 0.45% for FMTM and 0.39% for VFLO.

Which has better risk-adjusted returns?

VFLO currently has the higher Sharpe Ratio (2.11 vs 2.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.