ISCV
iShares Morningstar Small Cap Value ETF
SMB
HML
Adj. R2
0.970
Rel. Sharpe
0.861
Mkt beta
1.01
AUM
US$631M
MER
0.06%
Valuation
124
ETF comparison
Verified factor-similar pair
ISCV vs VIOV
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
HML
Similarity score
87
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- VIOV has the higher backtested relative Sharpe (1.082 vs 0.861).
- ISCV has the lower published fee (0.06% vs 0.10%).
- VIOV is cheaper on dividend valuation (99 vs 124, where 100 is each fund's historical median).
- VIOV has the stronger regression fit (adjusted R-squared 0.979 vs 0.970).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
VIOV
Vanguard S&P Small-Cap 600 Value ETF
SMB
HML
Adj. R2
0.979
Rel. Sharpe
1.082
Mkt beta
0.99
AUM
US$1.6B
MER
0.10%
Valuation
99
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 -0.20
HML
diff +0.03
RMW
diff +0.01
CMA
diff +0.02
UMD
diff -0.08
Why This Pair Matches
Exposure level
85
Exposure shape
99
Mkt beta diff
0.02
Rel. Sharpe diff
0.221
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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