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VMO.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VMO.TO vs. IDMO

Last updated Jun 4, 2026

VMO.TO (Vanguard Global Momentum Factor ETF CAD) and IDMO (Invesco S&P International Developed Momentum ETF) are both Momentum funds. VMO.TO is actively managed, while IDMO is passively managed. Over the past 5 years, VMO.TO returned 17.80%/yr vs 18.83%/yr for IDMO. A 0.57 correlation means they provide meaningful diversification when combined. VMO.TO charges 0.38%/yr vs 0.25%/yr for IDMO.

Performance

VMO.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Momentum Factor ETF CAD (VMO.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VMO.TO is traded in CAD, while IDMO is traded in USD. To make them comparable, the IDMO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VMO.TO achieves a 25.71% return, which is significantly higher than IDMO's 9.11% return.

VMO.TO

1D
0.55%
1M
7.68%
YTD
25.71%
6M
24.99%
1Y
48.00%
3Y*
31.06%
5Y*
17.80%
10Y*
—

IDMO

1D
-0.76%
1M
4.24%
YTD
9.11%
6M
11.78%
1Y
24.68%
3Y*
27.16%
5Y*
18.83%
10Y*
12.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VMO.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VMO.TO
Vanguard Global Momentum Factor ETF CAD		25.71%23.20%29.68%14.93%-9.09%15.67%21.39%19.55%-5.19%16.81%
IDMO
Invesco S&P International Developed Momentum ETF		9.11%35.65%22.48%17.51%-5.76%13.28%19.95%19.89%-9.59%20.99%

Correlation

The correlation between VMO.TO and IDMO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2016

0.57

The correlation between VMO.TO and IDMO shifts across timeframes, from 0.57 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.

VMO.TO vs. IDMO - Sectors Allocation Comparison

Sectors
VMO.TO
IDMO

Industrials

24.5%
22.6%

Healthcare

16.5%
1.2%

Technology

16.0%
5.3%

Financial Services

11.0%
42.4%

Basic Materials

9.5%
10.2%

Consumer Cyclical

7.4%
1.4%

Energy

6.6%
1.9%

Communication Services

4.1%
2.2%

Consumer Defensive

3.7%
2.5%

Real Estate

0.7%
2.0%

Utilities

0.1%
8.4%

Industrials

VMO.TO
24.5%
IDMO
22.6%

Healthcare

VMO.TO
16.5%
IDMO
1.2%

Technology

VMO.TO
16.0%
IDMO
5.3%

Financial Services

VMO.TO
11.0%
IDMO
42.4%

Basic Materials

VMO.TO
9.5%
IDMO
10.2%

Consumer Cyclical

VMO.TO
7.4%
IDMO
1.4%

Energy

VMO.TO
6.6%
IDMO
1.9%

Communication Services

VMO.TO
4.1%
IDMO
2.2%

Consumer Defensive

VMO.TO
3.7%
IDMO
2.5%

Real Estate

VMO.TO
0.7%
IDMO
2.0%

Utilities

VMO.TO
0.1%
IDMO
8.4%

Compare stocks, funds, or ETFs

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Vanguard Global Momentum Factor ETF CAD

Invesco S&P International Developed Momentum ETF

Often compared with VMO.TO:
VMO.TO vs. SPMOVMO.TO vs. XEQT.TOVMO.TO vs. VFV.TOVMO.TO vs. XMTM.TOVMO.TO vs. VTVMO.TO vs. TEC.TOVMO.TO vs. VXM.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV

Return for Risk

VMO.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMO.TO
VMO.TO Risk / Return Rank: 7878
Overall Rank
VMO.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VMO.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
VMO.TO Omega Ratio Rank: 7070
Omega Ratio Rank
VMO.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
VMO.TO Martin Ratio Rank: 8888
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 4040
Overall Rank
IDMO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3939
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3838
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3737
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4747
Martin Ratio Rank
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.

VMO.TO vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Momentum Factor ETF CAD (VMO.TO) and Invesco S&P International Developed Momentum ETF (IDMO). 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.

VMO.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
2.51
1.55

+0.96

Sortino ratioReturn per unit of downside risk
3.28
2.25

+1.03

Omega ratioGain probability vs. loss probability

1.43

1.29

+0.14

Calmar ratioReturn relative to maximum drawdown

4.79

2.05

+2.74

Martin ratioReturn relative to average drawdown

19.35

8.81

+10.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMO.TO vs. IDMO - Sharpe Ratio Comparison

The current VMO.TO Sharpe Ratio is 2.51, which is higher than the IDMO Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VMO.TO and IDMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VMO.TOIDMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.51

1.55

+0.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.25

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.79

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.62

+0.27

Drawdowns

VMO.TO vs. IDMO - Drawdown Comparison

The maximum VMO.TO drawdown since its inception was -30.53%, roughly equal to the maximum IDMO drawdown of -30.74%. Use the drawdown chart below to compare losses from any high point for VMO.TO and IDMO.

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Drawdown Indicators

VMO.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-30.53%

-30.74%

+0.21%

Max Drawdown (1Y)

Largest decline over 1 year

-10.07%

-12.07%

+2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-19.72%

-12.72%

-7.00%

Max Drawdown (5Y)

Largest decline over 5 years

-23.27%

-20.76%

-2.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.72%

—

Current Drawdown

Current decline from peak

0.00%

-1.70%

+1.70%

Average Drawdown

Average peak-to-trough decline

-5.21%

-6.94%

+1.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.81%

-0.32%

Volatility

VMO.TO vs. IDMO - Volatility Comparison

Vanguard Global Momentum Factor ETF CAD (VMO.TO) and Invesco S&P International Developed Momentum ETF (IDMO) have volatilities of 6.22% and 6.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VMO.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.22%

6.28%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

15.58%

14.16%

+1.42%

Volatility (1Y)

Calculated over the trailing 1-year period

19.21%

16.02%

+3.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

15.18%

+2.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.91%

16.32%

+1.59%

VMO.TO vs. IDMO - Expense Ratio Comparison

VMO.TO has a 0.38% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

VMO.TO vs. IDMO - Dividend Comparison

VMO.TO's dividend yield for the trailing twelve months is around 0.68%, less than IDMO's 3.53% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.53%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
VMO.TO
Vanguard Global Momentum Factor ETF CAD		0.68%0.85%0.90%1.03%1.65%1.09%0.70%1.70%0.80%1.15%0.51%0.00%

Frequently Asked Questions

VMO.TO and IDMO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO is cheaper with a 0.25% expense ratio, compared with 0.38% for VMO.TO.

They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.38% for VMO.TO and 0.25% for IDMO.

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