FYC
First Trust Small Cap Growth AlphaDEX Fund
SMB
UMD
Adj. R2
0.958
Rel. Sharpe
1.110
Mkt beta
1.06
AUM
US$951M
MER
0.70%
Valuation
61
ETF comparison
Verified factor-similar pair
FYC vs PRN
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
82
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
PRN
Invesco Dorsey Wright Industrials Momentum ETF
SMB
UMD
Adj. R2
0.846
Rel. Sharpe
1.107
Mkt beta
1.14
AUM
US$363M
MER
0.69%
Valuation
240
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 +0.43
HML
diff +0.08
RMW
diff -0.05
CMA
diff -0.08
UMD
diff +0.09
Why This Pair Matches
Exposure level
77
Exposure shape
99
Mkt beta diff
0.08
Rel. Sharpe diff
0.003
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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