VFMO vs. JMOM

Last updated Jun 4, 2026

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

Performance

VFMO vs. JMOM - Performance Comparison

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

Returns By Period

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

VFMO

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

JMOM

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

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

VFMO vs. JMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
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%

Correlation

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

VFMO vs. JMOM - Sectors Allocation Comparison

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

Return for Risk

VFMO vs. JMOM — Risk / Return Rank

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

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

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

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. JMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Momentum Factor ETF (VFMO) and JPMorgan U.S. Momentum Factor ETF (JMOM). 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	JMOM	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.58	-0.53
Sortino ratio: Return per unit of downside risk	2.70	3.54	-0.84
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	3.96	4.69	-0.73
Martin ratio: Return relative to average drawdown	14.97	22.24	-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.

VFMO vs. JMOM - Sharpe Ratio Comparison

The current VFMO Sharpe Ratio is 2.05, which is comparable to the JMOM Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of VFMO and JMOM, 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

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

Drawdowns

VFMO vs. JMOM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

VFMO vs. JMOM - Volatility Comparison

Vanguard U.S. Momentum Factor ETF (VFMO) has a higher volatility of 6.20% compared to JPMorgan U.S. Momentum Factor ETF (JMOM) at 4.62%. This indicates that VFMO's price experiences larger fluctuations and is considered to be riskier than JMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

VFMO vs. JMOM - Expense Ratio Comparison

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

Dividends

VFMO vs. JMOM - Dividend Comparison

VFMO's dividend yield for the trailing twelve months is around 0.63%, less than JMOM's 0.71% 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 VFMO and JMOM in my portfolio?

With a correlation of 0.91, VFMO and JMOM 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, VFMO or JMOM?

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

Which ETF is better, VFMO or JMOM?

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, VFMO or JMOM?

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, VFMO or JMOM?

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

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

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

What is the main difference between VFMO and JMOM?

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

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.