IAK
iShares U.S. Insurance ETF
HML
Adj. R2
0.755
Rel. Sharpe
0.718
Mkt beta
0.97
AUM
US$363M
MER
0.38%
Valuation
64
ETF comparison
Verified factor-similar pair
IAK vs IYF
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
83
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
IYF
iShares U.S. Financials ETF
HML
Adj. R2
0.872
Rel. Sharpe
0.722
Mkt beta
1.01
AUM
US$3.4B
MER
0.38%
Valuation
109
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 -0.08
RMW
diff +0.03
CMA
diff +0.20
UMD
diff +0.02
Why This Pair Matches
Exposure level
77
Exposure shape
98
Mkt beta diff
0.03
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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