IVOO
Vanguard S&P Mid-Cap 400 ETF
SMB
Adj. R2
0.952
Rel. Sharpe
0.995
Mkt beta
0.99
AUM
US$3.3B
MER
0.07%
Valuation
116
ETF comparison
Verified factor-similar pair
IVOO vs UPGD
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
83
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- IVOO has the higher backtested relative Sharpe (0.995 vs 0.583).
- IVOO has the lower published fee (0.07% vs 0.40%).
- UPGD is cheaper on dividend valuation (64 vs 116, where 100 is each fund's historical median).
- IVOO has the stronger regression fit (adjusted R-squared 0.952 vs 0.880).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
UPGD
Invesco Bloomberg Analyst Rating Improvers ETF
SMB
Adj. R2
0.880
Rel. Sharpe
0.583
Mkt beta
1.06
AUM
US$110M
MER
0.40%
Valuation
64
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 -0.16
HML
diff +0.11
RMW
diff +0.08
CMA
diff -0.03
UMD
diff +0.09
Why This Pair Matches
Exposure level
82
Exposure shape
97
Mkt beta diff
0.07
Rel. Sharpe diff
0.411
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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