IWN
iShares Russell 2000 Value ETF
SMB
HML
Adj. R2
0.978
Rel. Sharpe
0.982
Mkt beta
0.96
AUM
US$12.9B
MER
0.24%
Valuation
123
ETF comparison
Verified factor-similar pair
IWN vs SLYV
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.
SMB
HML
Similarity score
91
Near substitute
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
SLYV
State Street SPDR S&P 600 Small Cap Value ETF
SMB
HML
Adj. R2
0.955
Rel. Sharpe
1.067
Mkt beta
0.98
AUM
US$4.2B
MER
0.15%
Valuation
123
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 +0.02
HML
diff -0.01
RMW
diff -0.12
CMA
diff -0.01
UMD
diff +0.04
Why This Pair Matches
Exposure level
88
Exposure shape
99
Mkt beta diff
0.01
Rel. Sharpe diff
0.085
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.
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