Verified factor-similar pair

FELG vs QYLG

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.

HML
Similarity score
86
Verified similar

Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.

FELG

Fidelity Enhanced Large Cap Growth ETF
HML
Adj. R2
0.940
Rel. Sharpe
1.073
Mkt beta
1.09
AUM
US$5.0B
MER
0.18%
Valuation
122

QYLG

Global X Nasdaq 100 Covered Call & Growth ETF
HML
Adj. R2
0.925
Rel. Sharpe
1.103
Mkt beta
0.83
AUM
US$135M
MER
0.35%
Valuation
92

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
FELG
-0.14
|t|
-1.4
QYLG
-0.10
|t|
-1.6
diff -0.05
HML
FELG
-0.46
|t|
-4.0
QYLG
-0.30
|t|
-5.4
diff -0.16
RMW
FELG
-0.03
|t|
-0.3
QYLG
-0.07
|t|
-1.1
diff +0.04
CMA
FELG
-0.03
|t|
-0.3
QYLG
+0.04
|t|
+0.6
diff -0.08
UMD
FELG
-0.08
|t|
-1.0
QYLG
-0.08
|t|
-1.8
diff -0.00

Why This Pair Matches

Exposure level
86
Exposure shape
98
Mkt beta diff
0.26
Rel. Sharpe diff
0.031

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.

FELG fund page QYLG fund page US ETF Leaders US Universe
Important context

VerifiedBeta publishes educational ETF research, not personalized investment advice, portfolio management, or security recommendations. Funds that screen well here can still be unsuitable for your objectives, taxes, liquidity needs, or constraints. Review fund documents, methodology assumptions, and your own circumstances before acting. See the full disclaimer.