IVOG
Vanguard S&P Mid-Cap 400 Growth ETF
SMB
UMD
Adj. R2
0.917
Rel. Sharpe
0.914
Mkt beta
1.01
AUM
US$1.5B
MER
0.10%
Valuation
115
ETF comparison
Verified factor-similar pair
IVOG vs USVM
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
UMD
Similarity score
86
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
USVM
VictoryShares US Small Mid Cap Value Momentum ETF
SMB
UMD
Adj. R2
0.964
Rel. Sharpe
1.046
Mkt beta
0.98
AUM
US$1.5B
MER
0.29%
Valuation
95
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 -0.30
HML
diff -0.18
RMW
diff +0.02
CMA
diff -0.05
UMD
diff +0.00
Why This Pair Matches
Exposure level
83
Exposure shape
98
Mkt beta diff
0.03
Rel. Sharpe diff
0.132
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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