Verified factor-similar pair

JPSE vs XJR

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

Similarity score

Near substitute

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

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

SMB

Adj. R2

0.974

Rel. Sharpe

1.020

Mkt beta

0.95

AUM

US$557M

MER

0.29%

Valuation

109

XJR

iShares ESG Select Screened S&P Small-Cap ETF

SMB

Adj. R2

0.985

Rel. Sharpe

0.705

Mkt beta

0.97

AUM

US$130M

MER

0.12%

Valuation

193

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

JPSE

+0.84

|t|

+21.0

XJR

+0.96

|t|

+26.3

diff -0.12

HML

JPSE

+0.18

|t|

+5.4

XJR

+0.18

|t|

+5.2

diff +0.01

RMW

JPSE

+0.19

|t|

+4.2

XJR

+0.23

|t|

+6.0

diff -0.04

CMA

JPSE

+0.04

|t|

+0.9

XJR

-0.01

|t|

-0.3

diff +0.05

UMD

JPSE

+0.04

|t|

+1.4

XJR

+0.03

|t|

+1.1

diff +0.01

Why This Pair Matches

Exposure level

Exposure shape

100

Mkt beta diff

0.02

Rel. Sharpe diff

0.315

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.

JPSE fund page XJR fund page US ETF Leaders US Universe

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