JAVA
JPMorgan Active Value ETF
HML
Adj. R2
0.921
Rel. Sharpe
1.008
Mkt beta
0.84
AUM
US$6.2B
MER
0.44%
Valuation
110
ETF comparison
Verified factor-similar pair
JAVA vs SPYV
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
89
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
SPYV
State Street SPDR Portfolio S&P 500 Value ETF
HML
Adj. R2
0.935
Rel. Sharpe
0.955
Mkt beta
0.92
AUM
US$32.5B
MER
0.04%
Valuation
134
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 +0.21
HML
diff +0.07
RMW
diff -0.07
CMA
diff +0.02
UMD
diff -0.01
Why This Pair Matches
Exposure level
89
Exposure shape
91
Mkt beta diff
0.08
Rel. Sharpe diff
0.053
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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