VFMF vs. EATZ

Last updated Aug 2, 2026

VFMF (Vanguard U.S. Multifactor ETF) and EATZ (AdvisorShares Restaurant ETF) are both exchange-traded funds - VFMF is a Multi-factor fund actively managed by Vanguard, while EATZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares. Both are actively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. VFMF charges 0.18%/yr vs 1.00%/yr for EATZ.

Performance

VFMF vs. EATZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Multifactor ETF (VFMF) and AdvisorShares Restaurant ETF (EATZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VFMF

• 1D: -0.01%
• 1M: 2.41%
• 6M: 16.33%
• YTD: 21.69%
• 1Y: 39.45%
• 3Y*: 20.66%
• 5Y*: 14.80%
• 10Y*: —
• ALL TIME*: 12.70%

EATZ

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VFMF Vanguard U.S. Multifactor ETF	$8.35M	$13.16M	$7.02M

VFMF vs. EATZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VFMF Vanguard U.S. Multifactor ETF	21.69%	17.38%	15.60%	18.52%	-5.70%	11.63%
EATZ AdvisorShares Restaurant ETF	4.80%	-6.67%	23.21%	25.23%	-20.68%	-4.90%

Correlation

The correlation between VFMF and EATZ is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.68
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.68

The correlation between VFMF and EATZ shifts across timeframes, from 0.54 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

VFMF vs. EATZ - Sectors Allocation Comparison

Sectors	VFMF	EATZ
Financial Services	24.6%	-
Healthcare	16.9%	-
Consumer Cyclical	13.4%	78.2%
Technology	12.9%	-
Industrials	8.9%	4.9%
Consumer Defensive	6.8%	16.9%
Energy	6.7%	-
Communication Services	4.8%	2.3%
Basic Materials	4.1%	-
Real Estate	0.3%	-
Utilities	0.2%	-

Return for Risk

VFMF vs. EATZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VFMF

VFMF Risk / Return Rank: 95
VFMF Sharpe Ratio Rank: 96
VFMF Sortino Ratio Rank: 96
VFMF Omega Ratio Rank: 95
VFMF Calmar Ratio Rank: 95
VFMF Martin Ratio Rank: 95

EATZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VFMF vs. EATZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Multifactor ETF (VFMF) and AdvisorShares Restaurant ETF (EATZ). 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.

	VFMF	EATZ	Difference
Sharpe ratio: Return per unit of total volatility	2.93	—	—
Sortino ratio: Return per unit of downside risk	4.18	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	5.35	—	—
Martin ratio: Return relative to average drawdown	20.76	—	—

Drawdowns

Drawdown Indicators

	VFMF	EATZ	Difference
Max Drawdown Largest peak-to-trough decline	-41.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.57%	—	—
Current Drawdown Current decline from peak	-0.52%	—	—
Average Drawdown Average peak-to-trough decline	-5.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	—	—

Volatility

Volatility by Period

	VFMF	EATZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	—	—

VFMF vs. EATZ - Expense Ratio Comparison

VFMF has a 0.18% expense ratio, which is lower than EATZ's 1.00% expense ratio.

Dividends

VFMF vs. EATZ - Dividend Comparison

VFMF's dividend yield for the trailing twelve months is around 1.34%, more than EATZ's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%	0.00%	0.00%	0.00%
VFMF Vanguard U.S. Multifactor ETF	1.34%	1.54%	1.60%	1.78%	2.21%	1.39%	1.56%	1.61%	1.22%

Frequently Asked Questions

Can I hold both VFMF and EATZ in my portfolio?

VFMF and EATZ have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VFMF or EATZ?

On fees, VFMF is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VFMF or EATZ?

VFMF is cheaper with a 0.18% expense ratio, compared with 1.00% for EATZ.

Which ETF pays a higher dividend yield, VFMF or EATZ?

VFMF has the higher dividend yield at 1.34%, compared with 0.48% for EATZ.

What is the main difference between VFMF and EATZ?

VFMF is categorized as Multi-factor, while EATZ is Consumer Discretionary Equities. They also come from different issuers: Vanguard and AdvisorShares. Their fees differ too: 0.18% for VFMF and 1.00% for EATZ.