ISCV
iShares Morningstar Small Cap Value ETF
SMB
HML
Adj. R2
0.970
Rel. Sharpe
0.845
Mkt beta
1.01
AUM
US$631M
MER
0.06%
Valuation
118
ETF comparison
Verified factor-similar pair
ISCV vs XMVM
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
HML
Similarity score
86
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
XMVM
Invesco S&P MidCap Value with Momentum ETF
SMB
HML
Adj. R2
0.899
Rel. Sharpe
1.001
Mkt beta
0.98
AUM
US$435M
MER
0.41%
Valuation
89
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 +0.26
HML
diff +0.05
RMW
diff -0.11
CMA
diff +0.04
UMD
diff -0.06
Why This Pair Matches
Exposure level
84
Exposure shape
98
Mkt beta diff
0.03
Rel. Sharpe diff
0.156
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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