Verified factor-similar pair

CSD vs FYX

These two ETFs pass the same FF6 US similarity lane: US-listed equity ETFs, same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.

SMB

Similarity score

Verified similar

Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.

CSD

Invesco S&P Spin-Off ETF

SMB

Adj. R2

0.839

Rel. Sharpe

0.837

Mkt beta

1.13

AUM

US$114M

MER

0.67%

Valuation

384

FYX

First Trust Small Cap Core Alphadex Fund

SMB

Adj. R2

0.979

Rel. Sharpe

0.915

Mkt beta

1.02

AUM

US$1.1B

MER

0.58%

Valuation

119

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

CSD

+0.51

|t|

+6.7

FYX

+0.96

|t|

+34.9

diff -0.45

HML

CSD

+0.15

|t|

+2.0

FYX

+0.19

|t|

+7.3

diff -0.05

RMW

CSD

+0.15

|t|

+1.6

FYX

+0.17

|t|

+5.0

diff -0.02

CMA

CSD

-0.01

|t|

-0.1

FYX

-0.04

|t|

-1.0

diff +0.03

UMD

CSD

-0.03

|t|

-0.6

FYX

-0.02

|t|

-1.3

diff -0.01

Why This Pair Matches

Exposure level

Exposure shape

100

Mkt beta diff

0.10

Rel. Sharpe diff

0.078

This comparison focuses on measured factor exposure, not a qualitative review of each fund's portfolio-construction process. Backtested relative Sharpe is included as a secondary signal, while we continue refining a comparison metric that separates factor payoff from alpha. See methodology.

CSD fund page FYX fund page US ETF Leaders US Universe

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.