JMOM vs. VFMO

Last updated Jun 4, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and VFMO (Vanguard U.S. Momentum Factor ETF) are both Momentum funds. JMOM is passively managed, while VFMO is actively managed. Over the past 5 years, JMOM returned 16.28%/yr vs 13.84%/yr for VFMO. Their correlation of 0.87 suggests significant overlap in exposure. JMOM charges 0.12%/yr vs 0.13%/yr for VFMO.

Performance

JMOM vs. VFMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) and Vanguard U.S. Momentum Factor ETF (VFMO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JMOM having a 22.79% return and VFMO slightly higher at 23.68%.

JMOM

• 1D: -0.17%
• 1M: 9.35%
• YTD: 22.79%
• 6M: 22.27%
• 1Y: 36.77%
• 3Y*: 28.37%
• 5Y*: 16.28%
• 10Y*: —

VFMO

• 1D: 0.11%
• 1M: 5.53%
• YTD: 23.68%
• 6M: 23.37%
• 1Y: 43.34%
• 3Y*: 27.93%
• 5Y*: 13.84%
• 10Y*: —

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

JMOM vs. VFMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JMOM JPMorgan U.S. Momentum Factor ETF	22.79%	18.02%	28.47%	22.89%	-20.83%	25.03%	29.25%	28.24%	-7.49%
VFMO Vanguard U.S. Momentum Factor ETF	23.68%	17.39%	26.14%	16.25%	-12.84%	19.16%	31.36%	28.22%	-11.41%

Correlation

The correlation between JMOM and VFMO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 16, 2018	0.87

The correlation between JMOM and VFMO has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

JMOM vs. VFMO - Sectors Allocation Comparison

Sectors	JMOM	VFMO
Technology	38.1%	17.5%
Industrials	12.8%	24.7%
Financial Services	9.6%	6.5%
Healthcare	8.7%	22.9%
Communication Services	8.3%	3.4%
Consumer Cyclical	6.9%	8.7%
Consumer Defensive	5.7%	2.5%
Energy	3.8%	7.3%
Real Estate	2.5%	0.1%
Utilities	2.3%	0.2%
Basic Materials	1.3%	6.4%

Return for Risk

JMOM vs. VFMO — Risk / Return Rank

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

JMOM

JMOM Risk / Return Rank: 81
JMOM Sharpe Ratio Rank: 78
JMOM Sortino Ratio Rank: 77
JMOM Omega Ratio Rank: 74
JMOM Calmar Ratio Rank: 85
JMOM Martin Ratio Rank: 91

VFMO

VFMO Risk / Return Rank: 65
VFMO Sharpe Ratio Rank: 59
VFMO Sortino Ratio Rank: 55
VFMO Omega Ratio Rank: 56
VFMO Calmar Ratio Rank: 77
VFMO Martin Ratio Rank: 76

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.

JMOM vs. VFMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and Vanguard U.S. Momentum Factor ETF (VFMO). 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.

	JMOM	VFMO	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.05	+0.53
Sortino ratio: Return per unit of downside risk	3.54	2.70	+0.84
Omega ratio: Gain probability vs. loss probability	1.45	1.35	+0.10
Calmar ratio: Return relative to maximum drawdown	4.69	3.96	+0.73
Martin ratio: Return relative to average drawdown	22.24	14.97	+7.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMOM vs. VFMO - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 2.58, which is comparable to the VFMO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of JMOM and VFMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMOM	VFMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	2.05	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.64	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.66	+0.16

Drawdowns

JMOM vs. VFMO - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, smaller than the maximum VFMO drawdown of -36.77%. Use the drawdown chart below to compare losses from any high point for JMOM and VFMO.

Drawdown Indicators

	JMOM	VFMO	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-36.77%	+2.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-10.98%	+3.11%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-24.40%	+4.89%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-25.80%	-2.46%
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-6.32%	-7.77%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	2.90%	-1.24%

Volatility

JMOM vs. VFMO - Volatility Comparison

The current volatility for JPMorgan U.S. Momentum Factor ETF (JMOM) is 4.62%, while Vanguard U.S. Momentum Factor ETF (VFMO) has a volatility of 6.20%. This indicates that JMOM experiences smaller price fluctuations and is considered to be less risky than VFMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMOM	VFMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	6.20%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	16.37%	-4.82%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	21.20%	-6.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	21.70%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	23.57%	-3.44%

JMOM vs. VFMO - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than VFMO's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JMOM vs. VFMO - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.71%, more than VFMO's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	0.71%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%
VFMO Vanguard U.S. Momentum Factor ETF	0.63%	0.82%	0.72%	0.89%	1.72%	0.81%	0.45%	1.22%	0.70%	0.00%

Frequently Asked Questions

Can I hold both JMOM and VFMO in my portfolio?

With a correlation of 0.91, JMOM and VFMO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JMOM or VFMO?

VFMO has higher volatility (6.20%) compared to JMOM (4.62%). In terms of maximum drawdown, JMOM dropped -34.31% vs VFMO's -36.77%.

Which ETF is better, JMOM or VFMO?

On 5-year performance, JMOM leads with 16.28% vs 13.84% for VFMO. On fees, JMOM is cheaper at 0.12% per year. On volatility, JMOM has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMOM or VFMO?

Over the 5-year period, JMOM has performed better with a 16.28% return vs 13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or VFMO?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.13% for VFMO.

Which ETF pays a higher dividend yield, JMOM or VFMO?

JMOM has the higher dividend yield at 0.71%, compared with 0.63% for VFMO.

What is the main difference between JMOM and VFMO?

They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.12% for JMOM and 0.13% for VFMO.

Which has better risk-adjusted returns?

JMOM currently has the higher Sharpe Ratio (2.58 vs 2.05), 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.