ETF comparison
Verified factor-similar pair

FYX vs IJR

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
Similarity score
92
Near substitute

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

FYX

First Trust Small Cap Core Alphadex Fund
SMB
Adj. R2
0.979
Rel. Sharpe
0.915
Mkt beta
1.02
AUM
US$1.1B
MER
0.58%
Valuation
119

IJR

iShares Core S&P Small Cap ETF
SMB
Adj. R2
0.970
Rel. Sharpe
0.952
Mkt beta
0.99
AUM
US$96.8B
MER
0.06%
Valuation
103

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
FYX
+0.96
|t|
+34.9
IJR
+0.83
|t|
+36.2
diff +0.13
HML
FYX
+0.19
|t|
+7.3
IJR
+0.20
|t|
+8.3
diff -0.00
RMW
FYX
+0.17
|t|
+5.0
IJR
+0.14
|t|
+5.2
diff +0.03
CMA
FYX
-0.04
|t|
-1.0
IJR
-0.02
|t|
-0.7
diff -0.02
UMD
FYX
-0.02
|t|
-1.3
IJR
+0.03
|t|
+2.1
diff -0.05

Why This Pair Matches

Exposure level
90
Exposure shape
100
Mkt beta diff
0.03
Rel. Sharpe diff
0.037

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.

FYX fund page IJR 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.