BMVP
Invesco Bloomberg MVP Multi-factor ETF
UMD
Adj. R2
0.894
Rel. Sharpe
0.859
Mkt beta
0.96
AUM
US$101M
MER
0.29%
Valuation
64
ETF comparison
Verified factor-similar pair
BMVP vs JOET
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
87
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- BMVP has the higher backtested relative Sharpe (0.859 vs 0.828).
- BMVP is cheaper on dividend valuation (64 vs 111, where 100 is each fund's historical median).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
JOET
Virtus Terranova US Quality Momentum ETF
UMD
Adj. R2
0.894
Rel. Sharpe
0.828
Mkt beta
1.04
AUM
US$234M
MER
0.29%
Valuation
111
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 +0.16
HML
diff +0.12
RMW
diff +0.05
CMA
diff -0.08
UMD
diff -0.01
Why This Pair Matches
Exposure level
87
Exposure shape
90
Mkt beta diff
0.08
Rel. Sharpe diff
0.031
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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