VFMO vs XMMO: Differences, Returns & Fees
VFMO and XMMO hold 10% of their weight in the same names, and VFMO returned +13.2% over the year. Net assets: $1.9bn on Sep 30, 2026 for Vanguard U.S. Momentum Factor ETF, and $6.8bn on Oct 20, 2026 for Invesco S&P MidCap Momentum ETF.
VFMO costs 0.21 points a year less; their one-year returns differ by 8.6 points.
| VFMO | XMMO | |
|---|---|---|
| Expense ratio | 0.13% | 0.34% |
| Net assets, VFMO as of Sep 30, 2026 and XMMO as of Oct 20, 2026 | $1.9bn | $6.8bn |
| Total return, 1 year | +13.2% | +4.6% |
| What it tracks | No index, actively managed | S&P MidCap 400 Momentum Index |
| Holdings in common | 10% | |
| Top ten holdings, share of the fund | 9.5% | 29.4% |
| Below its high | 11.5%, high on Jun 30, 2026 | 19.0%, high on Jun 22, 2026 |
Holdings in common uses holdings dated May 31, 2026 and Oct 19, 2026.
No client brief for this pair: the two funds' holdings are dated 141 days apart.
What they hold in common
By the books each fund has filed, VFMO and XMMO hold 10% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 19, 2026.
half
10% in common
On the same fields
VFMO and XMMO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About XMMO
XMMO tracks an index. Over the year to Oct 20, 2026 it returned +4.6% with distributions reinvested. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 29.4%. It sat 19.0% below its high of Jun 22, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, VFMO or XMMO?
- In the year to Oct 20, 2026, with distributions reinvested, VFMO returned +13.2% and XMMO +4.6%.
- Which is cheaper, VFMO or XMMO?
- VFMO is cheaper, by 0.21 percentage points a year. That is about $21 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, VFMO against XMMO, data as of Oct 20, 2026. https://etfiq.com/compare/any/vfmo-vs-xmmo
ETFIQ. (Oct 20, 2026). VFMO against XMMO. Retrieved from https://etfiq.com/compare/any/vfmo-vs-xmmo
[VFMO against XMMO (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/vfmo-vs-xmmo)
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