Verified factor-similar pair

IFRA vs SMIG

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 RMW
Similarity score
83
Verified similar

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

IFRA

iShares U.S. Infrastructure ETF
SMB RMW
Adj. R2
0.867
Rel. Sharpe
1.300
Mkt beta
0.92
AUM
US$3.9B
MER
0.30%
Valuation
114

SMIG

Bahl & Gaynor Small/Mid Cap Income Growth ETF
SMB RMW
Adj. R2
0.878
Rel. Sharpe
0.799
Mkt beta
0.86
AUM
US$1.3B
MER
0.60%
Valuation
104

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
IFRA
+0.46
|t|
+4.9
SMIG
+0.54
|t|
+5.6
diff -0.08
HML
IFRA
+0.25
|t|
+3.3
SMIG
+0.25
|t|
+2.6
diff +0.01
RMW
IFRA
+0.27
|t|
+2.6
SMIG
+0.42
|t|
+4.3
diff -0.15
CMA
IFRA
+0.10
|t|
+0.9
SMIG
+0.03
|t|
+0.2
diff +0.07
UMD
IFRA
+0.02
|t|
+0.4
SMIG
+0.11
|t|
+1.6
diff -0.08

Why This Pair Matches

Exposure level
81
Exposure shape
99
Mkt beta diff
0.05
Rel. Sharpe diff
0.502

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.

IFRA fund page SMIG 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.