IVOV
Vanguard S&P Mid-Cap 400 Value ETF
SMB
HML
Adj. R2
0.954
Rel. Sharpe
0.934
Mkt beta
1.00
AUM
US$1.2B
MER
0.10%
Valuation
114
ETF comparison
Verified factor-similar pair
IVOV vs IWN
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
83
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- IWN has the higher backtested relative Sharpe (0.994 vs 0.934).
- IVOV has the lower published fee (0.10% vs 0.24%).
- IVOV is cheaper on dividend valuation (114 vs 131, where 100 is each fund's historical median).
- IWN has the stronger regression fit (adjusted R-squared 0.978 vs 0.954).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
IWN
iShares Russell 2000 Value ETF
SMB
HML
Adj. R2
0.978
Rel. Sharpe
0.994
Mkt beta
0.96
AUM
US$12.9B
MER
0.24%
Valuation
131
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 -0.04
RMW
diff +0.08
CMA
diff -0.04
UMD
diff -0.11
Why This Pair Matches
Exposure level
79
Exposure shape
98
Mkt beta diff
0.04
Rel. Sharpe diff
0.060
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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