Verified factor-similar pair

IJR vs JPSE

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

Near substitute

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

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

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

SMB

Adj. R2

0.974

Rel. Sharpe

1.020

Mkt beta

0.95

AUM

US$557M

MER

0.29%

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

IJR

+0.83

|t|

+36.2

JPSE

+0.84

|t|

+21.0

diff -0.01

HML

IJR

+0.20

|t|

+8.3

JPSE

+0.18

|t|

+5.4

diff +0.01

RMW

IJR

+0.14

|t|

+5.2

JPSE

+0.19

|t|

+4.2

diff -0.05

CMA

IJR

-0.02

|t|

-0.7

JPSE

+0.04

|t|

+0.9

diff -0.07

UMD

IJR

+0.03

|t|

+2.1

JPSE

+0.04

|t|

+1.4

diff -0.01

Why This Pair Matches

Exposure level

Exposure shape

100

Mkt beta diff

0.04

Rel. Sharpe diff

0.068

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.

IJR fund page JPSE fund page US ETF Leaders US Universe

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