FV
First Trust Dorsey Wright Focus 5 ETF
UMD
Adj. R2
0.858
Rel. Sharpe
1.042
Mkt beta
1.11
AUM
US$3.4B
MER
0.89%
Valuation
95
ETF comparison
Verified factor-similar pair
FV vs JMOM
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
82
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- JMOM has the higher backtested relative Sharpe (1.203 vs 1.042).
- JMOM has the lower published fee (0.12% vs 0.89%).
- FV is cheaper on dividend valuation (95 vs 127, where 100 is each fund's historical median).
- JMOM has the stronger regression fit (adjusted R-squared 0.958 vs 0.858).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
JMOM
JPMorgan U.S. Momentum Factor ETF
UMD
Adj. R2
0.958
Rel. Sharpe
1.203
Mkt beta
1.03
AUM
US$2.1B
MER
0.12%
Valuation
127
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 +0.18
HML
diff +0.19
RMW
diff -0.03
CMA
diff +0.09
UMD
diff +0.03
Why This Pair Matches
Exposure level
82
Exposure shape
83
Mkt beta diff
0.07
Rel. Sharpe diff
0.161
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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