MMTM
State Street SPDR S&P 1500 Momentum Tilt ETF
UMD
Adj. R2
0.950
Rel. Sharpe
1.098
Mkt beta
1.00
AUM
US$161M
MER
0.12%
Valuation
192
ETF comparison
Verified factor-similar pair
MMTM vs PWB
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.
UMD
Similarity score
82
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
PWB
Invesco Large Cap Growth ETF
UMD
Adj. R2
0.938
Rel. Sharpe
0.991
Mkt beta
1.08
AUM
US$1.7B
MER
0.55%
Valuation
646
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 -0.04
HML
diff +0.22
RMW
diff +0.08
CMA
diff +0.02
UMD
diff -0.02
Why This Pair Matches
Exposure level
84
Exposure shape
77
Mkt beta diff
0.08
Rel. Sharpe diff
0.107
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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