Vanguard Momentum Factor ETF beats S&P 500 with 3.1% return

The Vanguard U.S. Momentum Factor ETF delivers 3.1% annual return, outperforming the S&P 500 by 1.68 percentage points. It holds 23% less overlap with the Vanguard S&P 500 ETF and allocates no more than 1% to any single position. The fund uses a seven- to 12-month momentum model based on total return versus benchmark.