Verified factor-similar pair

CSD vs JPSE

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

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

SMB

Adj. R2

0.974

Rel. Sharpe

1.020

Mkt beta

0.95

AUM

US$557M

MER

0.29%

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

CSD

+0.51

|t|

+6.7

JPSE

+0.84

|t|

+21.0

diff -0.33

HML

CSD

+0.15

|t|

+2.0

JPSE

+0.18

|t|

+5.4

diff -0.04

RMW

CSD

+0.15

|t|

+1.6

JPSE

+0.19

|t|

+4.2

diff -0.04

CMA

CSD

-0.01

|t|

-0.1

JPSE

+0.04

|t|

+0.9

diff -0.05

UMD

CSD

-0.03

|t|

-0.6

JPSE

+0.04

|t|

+1.4

diff -0.06

Why This Pair Matches

Exposure level

Exposure shape

100

Mkt beta diff

0.18

Rel. Sharpe diff

0.183

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 JPSE fund page US ETF Leaders US Universe

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