VFLO vs VFMO: Differences, Returns & Fees

VFLO and VFMO hold 6% of their weight in the same names, and VFLO returned +47.4% over the year. Net assets: $7.8bn on Jun 30, 2026 for VictoryShares Free Cash Flow ETF, and $1.9bn on Sep 30, 2026 for Vanguard U.S. Momentum Factor ETF.

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Answers cite the figures on this page.

VFMO costs 0.26 points a year less; their one-year returns differ by 34.2 points.

VFLO vs VFMO: Differences, Returns & Fees
VFLOVFMO
Expense ratio0.39%0.13%
Net assets, VFLO as of Jun 30, 2026 and VFMO as of Sep 30, 2026$7.8bn$1.9bn
Total return, 1 year+47.4%+13.2%
What it tracksVictory U.S. Large Cap Free Cash Flow IndexNo index, actively managed
Holdings in common6%
Top ten holdings, share of the fund30.8%9.5%
Below its high11.5%, high on Jun 30, 2026

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+47.4%
VFLO total return, 1 year
+13.2%
VFMO total return, 1 year
0.39%
VFLO expense ratio
0.13%
VFMO expense ratio

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Client brief · page 1 of 2Report BR-11DE9FDF04

VFLO and VFMO are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. VFLO follows Victory U.S. Large Cap Free Cash Flow Index and VFMO follows No index, actively managed.
  2. Holdings in common. 6% of the weight is in the same securities (holdings dated Jun 30, 2026 and May 31, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 VFLO returned +47.4% and VFMO +13.2% with distributions reinvested, a gap of 34.2 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, VFLO and VFMO hold 6% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

half

6% in common

Positions both hold, largest shared weight first
Holding VFLO VFMO
MARATHON PETROLEUM CORPORATION 1.96% 0.71%
PHILLIPS 66 1.55% 0.64%
NEWMONT CORPORATION 3.01% 0.62%
MERCK & CO., INC. 2.98% 0.62%
EXXON MOBIL CORPORATION 2.76% 0.58%
CONOCOPHILLIPS 2.11% 0.49%
SANDISK CORPORATION 3.02% 0.37%
JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY 1.46% 0.25%
CARDINAL HEALTH, INC. 1.55% 0.23%
COEUR MINING, INC. 3.02% 0.20%
PERMIAN RESOURCES CORPORATION 2.10% 0.20%
DEVON ENERGY CORPORATION 3.49% 0.19%
Only in VFLO
ADOBE INC. 3.37%
SALESFORCE, INC. 2.90%
INTUIT INC. 2.87%
BOOKING HOLDINGS INC. 2.73%
ACCENTURE PUBLIC LIMITED COMPANY 2.73%
UBER TECHNOLOGIES, INC. 2.67%
THE CIGNA GROUP 2.66%
T-MOBILE US, INC. 2.26%
Only in VFMO
Micron Technology Inc 1.36%
Intel Corp 1.25%
Advanced Micro Devices Inc 1.12%
Western Digital Corp 0.89%
Alphabet Inc 0.87%
KLA Corp 0.86%
Applied Materials Inc 0.82%
Lam Research Corp 0.82%

Check overlap with more funds →

On the same fields

VFLO
VictoryShares Free Cash Flow ETF
VFMO
Vanguard U.S. Momentum Factor ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Actively managed
Total return, 1 year +47.4% +13.2%
Its benchmark over the same days not measured +15.0% (IWV)
Gap to its benchmark not measured −1.9 pts vs IWV
Expense ratio 0.39% 0.13%
Already in the S&P 500 83.8% 43.4%
Holdings 50 704
Net assets, VFLO as of Jun 30, 2026 and VFMO as of Sep 30, 2026 $7.8bn $1.9bn

VFLO and VFMO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About VFLO

VFLO tracks an index. Over the year to Oct 20, 2026 it returned +47.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for Jun 30, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 50 positions, with the top ten at 30.8%.

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, VFLO or VFMO?
In the year to Oct 20, 2026, with distributions reinvested, VFLO returned +47.4% and VFMO +13.2%.
Which is cheaper, VFLO or VFMO?
VFMO is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VFLO and VFMO overlap with the S&P 500?
By their latest filed holdings, 84% of VFLO and 43% of VFMO by weight is stocks the S&P 500 already holds.
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ETFIQ, VFLO against VFMO, data as of Oct 20, 2026. https://etfiq.com/compare/any/vflo-vs-vfmo

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.