FAB
First Trust Multi Cap Value AlphaDEX Fund
SMB
HML
RMW
UMD
Adj. R2
0.961
Rel. Sharpe
0.758
Mkt beta
0.97
AUM
US$135M
MER
0.66%
Valuation
98
ETF comparison
Verified factor-similar pair
FAB vs FNK
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
HML
RMW
UMD
Similarity score
90
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
FNK
First Trust Mid Cap Value AlphaDEX Fund
SMB
HML
RMW
UMD
Adj. R2
0.957
Rel. Sharpe
0.682
Mkt beta
1.03
AUM
US$211M
MER
0.74%
Valuation
94
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 -0.13
HML
diff -0.09
RMW
diff +0.02
CMA
diff +0.07
UMD
diff -0.02
Why This Pair Matches
Exposure level
88
Exposure shape
99
Mkt beta diff
0.05
Rel. Sharpe diff
0.077
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.
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