FAD
First Trust Multi Cap Growth AlphaDEX Fund
SMB
UMD
Adj. R2
0.938
Rel. Sharpe
0.954
Mkt beta
1.06
AUM
US$421M
MER
0.63%
Valuation
515
ETF comparison
Verified factor-similar pair
FAD vs XSMO
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
UMD
Similarity score
86
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
XSMO
Invesco S&P SmallCap Momentum ETF
SMB
UMD
Adj. R2
0.902
Rel. Sharpe
1.012
Mkt beta
0.99
AUM
US$2.5B
MER
0.36%
Valuation
128
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 -0.35
HML
diff -0.15
RMW
diff -0.04
CMA
diff -0.01
UMD
diff -0.02
Why This Pair Matches
Exposure level
83
Exposure shape
98
Mkt beta diff
0.07
Rel. Sharpe diff
0.058
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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