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
ETF comparison
Verified factor-similar pair
IWN vs MDYV
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
84
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 0.894).
- MDYV has the lower published fee (0.15% vs 0.24%).
- MDYV is cheaper on dividend valuation (116 vs 131, where 100 is each fund's historical median).
- IWN has the stronger regression fit (adjusted R-squared 0.978 vs 0.949).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
MDYV
State Street SPDR S&P 400 Mid Cap Value ETF
SMB
HML
Adj. R2
0.949
Rel. Sharpe
0.894
Mkt beta
0.98
AUM
US$2.5B
MER
0.15%
Valuation
116
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 +0.33
HML
diff +0.09
RMW
diff -0.09
CMA
diff +0.04
UMD
diff +0.09
Why This Pair Matches
Exposure level
79
Exposure shape
98
Mkt beta diff
0.02
Rel. Sharpe diff
0.099
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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