OMFS
Invesco Russell 2000 Dynamic Multifactor ETF
SMB
Adj. R2
0.941
Rel. Sharpe
0.951
Mkt beta
0.93
AUM
US$269M
MER
0.39%
Valuation
137
ETF comparison
Verified factor-similar pair
OMFS vs IWMI
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
82
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- OMFS has the higher backtested relative Sharpe (0.951 vs 0.626).
- OMFS has the lower published fee (0.39% vs 0.78%).
- IWMI is cheaper on dividend valuation (101 vs 137, where 100 is each fund's historical median).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
IWMI
NEOS Russell 2000 High Income ETF
SMB
Adj. R2
0.940
Rel. Sharpe
0.626
Mkt beta
0.90
AUM
US$724M
MER
0.78%
Valuation
101
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 +0.35
HML
diff -0.01
RMW
diff +0.19
CMA
diff +0.01
UMD
diff -0.07
Why This Pair Matches
Exposure level
80
Exposure shape
96
Mkt beta diff
0.04
Rel. Sharpe diff
0.325
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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