Verified factor-similar pair

IWF vs ONEQ

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.

HML
Similarity score
85
Verified similar

Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.

IWF

iShares Russell 1000 Growth ETF
HML
Adj. R2
0.978
Rel. Sharpe
0.720
Mkt beta
1.06
AUM
US$117.5B
MER
0.18%
Valuation
308

ONEQ

Fidelity Nasdaq Composite Index ETF
HML
Adj. R2
0.940
Rel. Sharpe
0.897
Mkt beta
1.11
AUM
US$9.1B
MER
0.21%
Valuation
167

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
IWF
-0.13
|t|
-7.5
ONEQ
+0.09
|t|
+2.5
diff -0.22
HML
IWF
-0.27
|t|
-15.1
ONEQ
-0.29
|t|
-8.4
diff +0.01
RMW
IWF
-0.02
|t|
-0.8
ONEQ
-0.15
|t|
-3.5
diff +0.14
CMA
IWF
-0.13
|t|
-4.8
ONEQ
-0.12
|t|
-2.4
diff -0.00
UMD
IWF
-0.02
|t|
-1.9
ONEQ
+0.00
|t|
+0.1
diff -0.02

Why This Pair Matches

Exposure level
87
Exposure shape
86
Mkt beta diff
0.05
Rel. Sharpe diff
0.177

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.

IWF fund page ONEQ fund page US ETF Leaders US Universe
Important context

VerifiedBeta publishes educational ETF research, not personalized investment advice, portfolio management, or security recommendations. Funds that screen well here can still be unsuitable for your objectives, taxes, liquidity needs, or constraints. Review fund documents, methodology assumptions, and your own circumstances before acting. See the full disclaimer.