FAD
First Trust Multi Cap Growth AlphaDEX Fund
SMB
UMD
Adj. R2
0.935
Rel. Sharpe
1.014
Mkt beta
1.06
AUM
US$421M
MER
0.63%
Valuation
446
ETF comparison
Verified factor-similar pair
FAD vs XSMO
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
UMD
Similarity score
86
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- XSMO has the higher backtested relative Sharpe (1.041 vs 1.014).
- XSMO has the lower published fee (0.36% vs 0.63%).
- XSMO is cheaper on dividend valuation (126 vs 446, where 100 is each fund's historical median).
- FAD has the stronger regression fit (adjusted R-squared 0.935 vs 0.903).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
XSMO
Invesco S&P SmallCap Momentum ETF
SMB
UMD
Adj. R2
0.903
Rel. Sharpe
1.041
Mkt beta
0.99
AUM
US$2.5B
MER
0.36%
Valuation
126
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 -0.36
HML
diff -0.16
RMW
diff -0.07
CMA
diff +0.01
UMD
diff -0.03
Why This Pair Matches
Exposure level
83
Exposure shape
97
Mkt beta diff
0.07
Rel. Sharpe diff
0.026
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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