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
74
ETF comparison
Verified factor-similar pair
MVV vs QVMS
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
86
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
QVMS
Invesco S&P SmallCap 600 QVM Multi-factor ETF
SMB
RMW
Adj. R2
0.985
Rel. Sharpe
1.005
Mkt beta
0.99
AUM
US$217M
MER
0.15%
Valuation
130
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 +0.03
HML
diff -0.02
RMW
diff +0.07
CMA
diff +0.03
UMD
diff -0.04
Why This Pair Matches
Exposure level
91
Exposure shape
100
Mkt beta diff
1.02
Rel. Sharpe diff
0.503
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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