IQSM
NYLI Candriam U.S. Mid Cap Equity ETF
SMB
Adj. R2
0.915
Rel. Sharpe
0.702
Mkt beta
1.04
AUM
US$312M
MER
0.15%
Valuation
114
ETF comparison
Verified factor-similar pair
IQSM vs OMFS
These two ETFs meet the same FF6 US comparison criteria: US-listed equity ETFs, the same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
Similarity score
85
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- OMFS has the higher backtested relative Sharpe (0.951 vs 0.702).
- IQSM has the lower published fee (0.15% vs 0.39%).
- IQSM is cheaper on dividend valuation (114 vs 137, where 100 is each fund's historical median).
- OMFS has the stronger regression fit (adjusted R-squared 0.941 vs 0.915).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
OMFS
Invesco Russell 2000 Dynamic Multifactor ETF
SMB
Adj. R2
0.941
Rel. Sharpe
0.951
Mkt beta
0.93
AUM
US$269M
MER
0.39%
Valuation
137
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 -0.39
HML
diff +0.00
RMW
diff +0.03
CMA
diff +0.04
UMD
diff -0.03
Why This Pair Matches
Exposure level
85
Exposure shape
98
Mkt beta diff
0.11
Rel. Sharpe diff
0.250
This comparison focuses on measured factor exposure. It does not compare holdings methodology, turnover, tax handling, or issuer process. Backtested relative Sharpe is a secondary signal rather than a stand-alone forecast. See methodology.
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