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 SPHQ
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
81
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- SPHQ has the higher backtested relative Sharpe (1.139 vs 0.859).
- SPHQ has the lower published fee (0.21% vs 0.29%).
- BMVP is cheaper on dividend valuation (64 vs 152, where 100 is each fund's historical median).
- BMVP has the stronger regression fit (adjusted R-squared 0.894 vs 0.855).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
SPHQ
Invesco S&P 500 Quality ETF
UMD
Adj. R2
0.855
Rel. Sharpe
1.139
Mkt beta
0.97
AUM
US$16.7B
MER
0.21%
Valuation
152
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 +0.19
HML
diff +0.15
RMW
diff -0.02
CMA
diff -0.13
UMD
diff -0.04
Why This Pair Matches
Exposure level
80
Exposure shape
84
Mkt beta diff
0.01
Rel. Sharpe diff
0.280
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.
Monthly updates
Get the next US ETF leaders update
Get one monthly email when the US leaders table refreshes, plus methodology and comparison-page updates.
Monthly leaders refresh
Download-access updates
Low-volume research notes
One monthly email when the data drop lands. This browser will remember you after signup.