CSD
Invesco S&P Spin-Off ETF
SMB
Adj. R2
0.833
Rel. Sharpe
0.927
Mkt beta
1.13
AUM
US$114M
MER
0.67%
Valuation
420
ETF comparison
Verified factor-similar pair
CSD vs IJJ
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.
SMB
Similarity score
85
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- IJJ has the higher backtested relative Sharpe (1.083 vs 0.927).
- IJJ has the lower published fee (0.18% vs 0.67%).
- IJJ is cheaper on dividend valuation (109 vs 420, where 100 is each fund's historical median).
- IJJ has the stronger regression fit (adjusted R-squared 0.946 vs 0.833).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
IJJ
iShares S&P Mid-Cap 400 Value ETF
SMB
Adj. R2
0.946
Rel. Sharpe
1.083
Mkt beta
1.00
AUM
US$8.3B
MER
0.18%
Valuation
109
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 -0.04
HML
diff -0.11
RMW
diff -0.15
CMA
diff -0.09
UMD
diff +0.02
Why This Pair Matches
Exposure level
84
Exposure shape
98
Mkt beta diff
0.13
Rel. Sharpe diff
0.156
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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