VFMO vs. AMOMX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard U.S. Momentum Factor ETF (VFMO) and AQR Large Cap Momentum Style Fund (AMOMX).

VFMO is an actively managed fund by Vanguard. It was launched on Feb 13, 2018. AMOMX is managed by AQR Funds. It was launched on Jul 9, 2009.

Performance

VFMO vs. AMOMX - Performance Comparison

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

VFMO vs. AMOMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFMO Vanguard U.S. Momentum Factor ETF	4.82%	17.39%	26.14%	16.25%	-12.84%	19.16%	31.36%	28.22%	-11.41%
AMOMX AQR Large Cap Momentum Style Fund	-2.67%	15.36%	27.62%	18.17%	-18.00%	26.01%	26.86%	29.20%	-8.51%

Returns By Period

In the year-to-date period, VFMO achieves a 4.82% return, which is significantly higher than AMOMX's -2.67% return.

VFMO

• 1D: 1.59%
• 1M: -4.52%
• YTD: 4.82%
• 6M: 4.66%
• 1Y: 32.56%
• 3Y*: 22.16%
• 5Y*: 10.89%
• 10Y*: —

AMOMX

• 1D: 3.75%
• 1M: -5.05%
• YTD: -2.67%
• 6M: -3.66%
• 1Y: 18.41%
• 3Y*: 18.72%
• 5Y*: 11.03%
• 10Y*: 13.59%

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

VFMO vs. AMOMX - Expense Ratio Comparison

VFMO has a 0.13% expense ratio, which is lower than AMOMX's 0.41% expense ratio.

AMOMX

AQR Large Cap Momentum Style Fund

VFMO

Vanguard U.S. Momentum Factor ETF

Return for Risk

VFMO vs. AMOMX — Risk / Return Rank

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

VFMO

VFMO Risk / Return Rank: 75
VFMO Sharpe Ratio Rank: 71
VFMO Sortino Ratio Rank: 71
VFMO Omega Ratio Rank: 67
VFMO Calmar Ratio Rank: 83
VFMO Martin Ratio Rank: 82

AMOMX

AMOMX Risk / Return Rank: 53
AMOMX Sharpe Ratio Rank: 41
AMOMX Sortino Ratio Rank: 45
AMOMX Omega Ratio Rank: 47
AMOMX Calmar Ratio Rank: 63
AMOMX Martin Ratio Rank: 70

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.

VFMO vs. AMOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) and AQR Large Cap Momentum Style Fund (AMOMX). 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.

	VFMO	AMOMX	Difference
Sharpe ratio Return per unit of total volatility	1.30	0.91	+0.40
Sortino ratio Return per unit of downside risk	1.83	1.40	+0.43
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	2.50	1.52	+0.97
Martin ratio Return relative to average drawdown	9.55	6.88	+2.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFMO vs. AMOMX - Sharpe Ratio Comparison

The current VFMO Sharpe Ratio is 1.30, which is higher than the AMOMX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of VFMO and AMOMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFMO	AMOMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.91	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.52	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.71	-0.13

Correlation

The correlation between VFMO and AMOMX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VFMO vs. AMOMX - Dividend Comparison

VFMO's dividend yield for the trailing twelve months is around 0.74%, less than AMOMX's 26.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFMO Vanguard U.S. Momentum Factor ETF	0.74%	0.82%	0.72%	0.89%	1.72%	0.81%	0.45%	1.22%	0.70%	0.00%	0.00%	0.00%
AMOMX AQR Large Cap Momentum Style Fund	26.19%	25.49%	14.05%	14.08%	10.95%	17.95%	16.14%	10.22%	12.17%	9.15%	8.23%	8.44%

Drawdowns

VFMO vs. AMOMX - Drawdown Comparison

The maximum VFMO drawdown since its inception was -36.77%, which is greater than AMOMX's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for VFMO and AMOMX.

Drawdown Indicators

	VFMO	AMOMX	Difference
Max Drawdown Largest peak-to-trough decline	-36.77%	-34.80%	-1.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.25%	-12.96%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-34.80%	+9.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.80%	—
Current Drawdown Current decline from peak	-4.87%	-6.02%	+1.15%
Average Drawdown Average peak-to-trough decline	-7.91%	-6.34%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.87%	+0.59%

Volatility

VFMO vs. AMOMX - Volatility Comparison

Vanguard U.S. Momentum Factor ETF (VFMO) has a higher volatility of 9.31% compared to AQR Large Cap Momentum Style Fund (AMOMX) at 7.05%. This indicates that VFMO's price experiences larger fluctuations and is considered to be riskier than AMOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFMO	AMOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	7.05%	+2.26%
Volatility (6M) Calculated over the trailing 6-month period	17.78%	12.38%	+5.40%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	21.46%	+3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.73%	21.51%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.64%	20.93%	+2.71%