TMSL vs VFMO: Differences, Returns & Fees
TMSL and VFMO hold 15% of their weight in the same names, and TMSL returned +16.9% over the year. Net assets: $3.1bn on Oct 20, 2026 for T. Rowe Price Small-Mid Cap ETF, and $1.9bn on Sep 30, 2026 for Vanguard U.S. Momentum Factor ETF.
VFMO costs 0.42 points a year less; their one-year returns differ by 3.7 points.
| TMSL | VFMO | |
|---|---|---|
| Expense ratio | 0.55% | 0.13% |
| Net assets, TMSL as of Oct 20, 2026 and VFMO as of Sep 30, 2026 | $3.1bn | $1.9bn |
| Total return, 1 year | +16.9% | +13.2% |
| What it tracks | No index, actively managed | No index, actively managed |
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 9.8% | 9.5% |
| Below its high | 8.3%, high on Aug 14, 2026 | 11.5%, high on Jun 30, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
TMSL and VFMO are built for the same job. How do they differ in cost, holdings and results?
- Holdings in common. 15% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 TMSL returned +16.9% and VFMO +13.2% with distributions reinvested, a gap of 3.7 points.
- Cost. TMSL charges 0.55% of assets a year and VFMO 0.13%, a gap of 0.42 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, TMSL and VFMO hold 15% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
15% in common
On the same fields
TMSL and VFMO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About TMSL
TMSL is actively managed and tracks no index. The prospectus expense ratio is 0.55% a year. By its holdings filed for Jun 30, 2026, 15% of the fund by weight is stocks the S&P 500 also holds, across 297 positions, with the top ten at 9.8%. It sat 8.3% below its high of Aug 14, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +16.9% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About VFMO
VFMO is actively managed and tracks no index. The prospectus expense ratio is 0.13% a year. By its holdings filed for May 31, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 704 positions, with the top ten at 9.5%. It sat 11.5% below its high of Jun 30, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +13.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, TMSL or VFMO?
- In the year to Oct 20, 2026, with distributions reinvested, TMSL returned +16.9% and VFMO +13.2%.
- Which is cheaper, TMSL or VFMO?
- VFMO is cheaper, by 0.42 percentage points a year. That is about $42 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, TMSL against VFMO, data as of Oct 20, 2026. https://etfiq.com/compare/any/tmsl-vs-vfmo
ETFIQ. (Oct 20, 2026). TMSL against VFMO. Retrieved from https://etfiq.com/compare/any/tmsl-vs-vfmo
[TMSL against VFMO (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tmsl-vs-vfmo)
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