Verified factor-set theme

Size + Value ETFs

These US-listed equity ETFs appear in qualifying close-risk pairs that share verified FF6 US exposure to the factors shown below. Individual funds can have additional material factor exposures. How similarity is measured.

SMB HML

23 funds · 68 qualifying comparison pairs

Funds in Qualifying Pairs

SMLV
State Street SPDR US Small Cap Low Volatility Index ETF
Rel. Sharpe 1.363 · Adj. R2 0.910 · MER 0.12%
similar cluster
1.363
DFAT
Dimensional U.S. Targeted Value ETF
Rel. Sharpe 1.302 · Adj. R2 0.975 · MER 0.28%
similar cluster
1.302
VFMF
Vanguard U.S. Multifactor ETF
Rel. Sharpe 1.266 · Adj. R2 0.965 · MER 0.18%
similar cluster
1.266
DFSV
Dimensional US Small Cap Value ETF
Rel. Sharpe 1.229 · Adj. R2 0.977 · MER 0.30%
similar cluster
1.229
SMDV
ProShares Russell 2000 Dividend Growers ETF
Rel. Sharpe 1.215 · Adj. R2 0.809 · MER 0.40%
similar cluster
1.215
XSVM
Invesco S&P SmallCap Value with Momentum ETF
Rel. Sharpe 1.112 · Adj. R2 0.903 · MER 0.37%
similar cluster
1.112
SLYV
State Street SPDR S&P 600 Small Cap Value ETF
Rel. Sharpe 1.103 · Adj. R2 0.956 · MER 0.15%
similar cluster
1.103
AVUV
Avantis U.S. Small Cap Value ETF
Rel. Sharpe 1.076 · Adj. R2 0.973 · MER 0.25%
similar cluster
1.076
VIOV
Vanguard S&P Small-Cap 600 Value ETF
Rel. Sharpe 1.062 · Adj. R2 0.978 · MER 0.10%
similar cluster
1.062
DGRS
WisdomTree US Smallcap Quality Dividend Growth Fund
Rel. Sharpe 1.029 · Adj. R2 0.953 · MER 0.38%
similar cluster
1.029
VBR
Vanguard Small Cap Value ETF
Rel. Sharpe 1.017 · Adj. R2 0.974 · MER 0.05%
similar cluster
1.017
XMVM
Invesco S&P MidCap Value with Momentum ETF
Rel. Sharpe 1.007 · Adj. R2 0.898 · MER 0.41%
similar cluster
1.007
IWN
iShares Russell 2000 Value ETF
Rel. Sharpe 0.989 · Adj. R2 0.978 · MER 0.24%
similar cluster
0.989
VTWV
Vanguard Russell 2000 Value ETF
Rel. Sharpe 0.940 · Adj. R2 0.980 · MER 0.06%
similar cluster
0.940
IVOV
Vanguard S&P Mid-Cap 400 Value ETF
Rel. Sharpe 0.903 · Adj. R2 0.951 · MER 0.10%
similar cluster
0.903
EES
WisdomTree U.S. SmallCap Fund
Rel. Sharpe 0.900 · Adj. R2 0.975 · MER 0.38%
similar cluster
0.900
MDYV
State Street SPDR S&P 400 Mid Cap Value ETF
Rel. Sharpe 0.881 · Adj. R2 0.948 · MER 0.15%
similar cluster
0.881
DES
WisdomTree U.S. SmallCap Dividend Fund
Rel. Sharpe 0.874 · Adj. R2 0.938 · MER 0.38%
similar cluster
0.874
VFVA
Vanguard U.S. Value Factor ETF
Rel. Sharpe 0.871 · Adj. R2 0.975 · MER 0.13%
similar cluster
0.871
FYT
First Trust Small Cap Value AlphaDEX Fund
Rel. Sharpe 0.869 · Adj. R2 0.956 · MER 0.70%
similar cluster
0.869
ISCV
iShares Morningstar Small Cap Value ETF
Rel. Sharpe 0.853 · Adj. R2 0.969 · MER 0.06%
similar cluster
0.853
SVAL
iShares US Small Cap Value Factor ETF
Rel. Sharpe 0.807 · Adj. R2 0.959 · MER 0.20%
similar cluster
0.807
FNK
First Trust Mid Cap Value AlphaDEX Fund
Rel. Sharpe 0.704 · Adj. R2 0.954 · MER 0.74%
similar cluster
0.704

Top Pair Comparisons

IVOV
MDYV
Modeled factor tracking error 0.15%/yr · longer factor history 0.19%/yr · Very close factor fit
IVOV MDYV
99
SLYV
VIOV
Modeled factor tracking error 0.19%/yr · longer factor history 0.21%/yr · Very close factor fit
SLYV VIOV
99
IWN
VTWV
Modeled factor tracking error 0.19%/yr · longer factor history 0.23%/yr · Very close factor fit
IWN VTWV
98
EES
SLYV
Modeled factor tracking error 0.71%/yr · longer factor history 1.02%/yr · Very close factor fit
EES SLYV
93
DFAT
DFSV
Modeled factor tracking error 0.87%/yr · longer factor history 1.03%/yr · Very close factor fit
DFAT DFSV
93
EES
VIOV
Modeled factor tracking error 0.72%/yr · longer factor history 1.07%/yr · Very close factor fit
EES VIOV
93
IWN
VIOV
Modeled factor tracking error 1.29%/yr · longer factor history 1.43%/yr · Very close factor fit
IWN VIOV
90
IWN
SLYV
Modeled factor tracking error 1.32%/yr · longer factor history 1.46%/yr · Very close factor fit
IWN SLYV
90
AVUV
DFAT
Modeled factor tracking error 1.24%/yr · longer factor history 1.49%/yr · Very close factor fit
AVUV DFAT
90
VIOV
VTWV
Modeled factor tracking error 1.29%/yr · longer factor history 1.50%/yr · Very close factor fit
VIOV VTWV
90
SLYV
VTWV
Modeled factor tracking error 1.33%/yr · longer factor history 1.54%/yr · Factor-similar
SLYV VTWV
90
MDYV
VBR
Modeled factor tracking error 0.93%/yr · longer factor history 1.61%/yr · Factor-similar
MDYV VBR
89
DFAT
ISCV
Modeled factor tracking error 1.65%/yr · longer factor history 1.43%/yr · Factor-similar
DFAT ISCV
89
IVOV
VBR
Modeled factor tracking error 0.95%/yr · longer factor history 1.67%/yr · Factor-similar
IVOV VBR
89
DFSV
ISCV
Modeled factor tracking error 1.86%/yr · longer factor history 1.48%/yr · Factor-similar
DFSV ISCV
88
DFAT
DGRS
Modeled factor tracking error 1.68%/yr · longer factor history 1.97%/yr · Factor-similar
DFAT DGRS
87
ISCV
IWN
Modeled factor tracking error 2.08%/yr · longer factor history 1.82%/yr · Factor-similar
ISCV IWN
86
VBR
VFMF
Modeled factor tracking error 2.10%/yr · longer factor history 1.93%/yr · Factor-similar
VBR VFMF
86
ISCV
VTWV
Modeled factor tracking error 2.14%/yr · longer factor history 1.83%/yr · Factor-similar
ISCV VTWV
86
DFSV
FNK
Modeled factor tracking error 2.16%/yr · longer factor history 1.85%/yr · Factor-similar
DFSV FNK
86
SMDV
XSVM
Modeled factor tracking error 1.91%/yr · longer factor history 2.25%/yr · Factor-similar
SMDV XSVM
85
DFSV
SVAL
Modeled factor tracking error 2.21%/yr · longer factor history 2.25%/yr · Factor-similar
DFSV SVAL
85
EES
IWN
Modeled factor tracking error 1.80%/yr · longer factor history 2.26%/yr · Factor-similar
EES IWN
85
AVUV
DFSV
Modeled factor tracking error 1.83%/yr · longer factor history 2.28%/yr · Factor-similar
AVUV DFSV
85
AVUV
SLYV
Modeled factor tracking error 2.26%/yr · longer factor history 2.30%/yr · Factor-similar
AVUV SLYV
85
US ETF Leaders US Universe Similarity methodology
Important context

VerifiedBeta publishes educational ETF research, not personalized investment advice, portfolio management, or security recommendations. Funds that screen well here can still be unsuitable for your objectives, taxes, liquidity needs, or constraints. Review fund documents, methodology assumptions, and your own circumstances before acting. See the full disclaimer.