Verified factor-similar pair

MVV vs PKB

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 RMW

Similarity score

Verified similar

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

MVV

ProShares Ultra MidCap400

SMB RMW

Adj. R2

0.950

Rel. Sharpe

0.501

Mkt beta

2.01

AUM

US$146M

MER

1.01%

Valuation

PKB

Invesco Building & Construction ETF

SMB RMW

Adj. R2

0.775

Rel. Sharpe

0.827

Mkt beta

1.24

AUM

US$433M

MER

0.57%

Valuation

191

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

MVV

+1.00

|t|

+14.4

PKB

+0.70

|t|

+7.2

diff +0.30

HML

MVV

+0.24

|t|

+3.7

PKB

+0.13

|t|

+1.4

diff +0.11

RMW

MVV

+0.34

|t|

+4.0

PKB

+0.32

|t|

+2.6

diff +0.02

CMA

MVV

-0.03

|t|

-0.3

PKB

-0.08

|t|

-0.6

diff +0.05

UMD

MVV

+0.02

|t|

+0.5

PKB

+0.08

|t|

+1.4

diff -0.06

Why This Pair Matches

Exposure level

Exposure shape

Mkt beta diff

0.77

Rel. Sharpe diff

0.326

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.

MVV fund page PKB fund page US ETF Leaders US Universe

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