IVOO
Vanguard S&P Mid-Cap 400 ETF
SMB
Adj. R2
0.953
Rel. Sharpe
0.958
Mkt beta
0.99
AUM
US$3.3B
MER
0.07%
Valuation
109
ETF comparison
Verified factor-similar pair
IVOO vs SMLF
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
88
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
SMLF
iShares U.S. SmallCap Equity Factor ETF
SMB
Adj. R2
0.936
Rel. Sharpe
1.074
Mkt beta
1.00
AUM
US$3.4B
MER
0.15%
Valuation
108
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 -0.14
HML
diff -0.03
RMW
diff +0.07
CMA
diff -0.03
UMD
diff -0.08
Why This Pair Matches
Exposure level
84
Exposure shape
99
Mkt beta diff
0.01
Rel. Sharpe diff
0.116
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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