ADME
Aptus Drawdown Managed Equity ETF
UMD
Adj. R2
0.799
Rel. Sharpe
0.347
Mkt beta
0.79
AUM
US$242M
MER
0.79%
Valuation
135
ETF comparison
Verified factor-similar pair
ADME vs PDP
These two ETFs meet the same FF6 US comparison criteria: US-listed equity ETFs, the same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
UMD
Similarity score
84
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- PDP has the higher backtested relative Sharpe (0.815 vs 0.347).
- PDP has the lower published fee (0.62% vs 0.79%).
- ADME is cheaper on dividend valuation (135 vs 146, where 100 is each fund's historical median).
- PDP has the stronger regression fit (adjusted R-squared 0.885 vs 0.799).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
PDP
Invesco Dorsey Wright Momentum ETF
UMD
Adj. R2
0.885
Rel. Sharpe
0.815
Mkt beta
1.08
AUM
US$1.4B
MER
0.62%
Valuation
146
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff -0.17
HML
diff +0.05
RMW
diff +0.09
CMA
diff +0.06
UMD
diff +0.01
Why This Pair Matches
Exposure level
89
Exposure shape
89
Mkt beta diff
0.29
Rel. Sharpe diff
0.468
This comparison focuses on measured factor exposure. It does not compare holdings methodology, turnover, tax handling, or issuer process. Backtested relative Sharpe is a secondary signal rather than a stand-alone forecast. See methodology.
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