FTC
First Trust Large Cap Growth AlphaDEX Fund
UMD
Adj. R2
0.934
Rel. Sharpe
0.964
Mkt beta
1.06
AUM
US$1.2B
MER
0.58%
Valuation
371
ETF comparison
Verified factor-similar pair
FTC vs JOET
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.
UMD
Similarity score
83
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- FTC has the higher backtested relative Sharpe (0.964 vs 0.828).
- JOET has the lower published fee (0.29% vs 0.58%).
- JOET is cheaper on dividend valuation (111 vs 371, where 100 is each fund's historical median).
- FTC has the stronger regression fit (adjusted R-squared 0.934 vs 0.894).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
JOET
Virtus Terranova US Quality Momentum ETF
UMD
Adj. R2
0.894
Rel. Sharpe
0.828
Mkt beta
1.04
AUM
US$234M
MER
0.29%
Valuation
111
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 +0.05
HML
diff -0.11
RMW
diff -0.16
CMA
diff -0.08
UMD
diff +0.05
Why This Pair Matches
Exposure level
82
Exposure shape
84
Mkt beta diff
0.02
Rel. Sharpe diff
0.136
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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