NUMV
Nuveen ESG Mid-Cap Value ETF
HML
Adj. R2
0.930
Rel. Sharpe
0.557
Mkt beta
0.98
AUM
US$422M
MER
0.31%
Valuation
180
ETF comparison
Verified factor-similar pair
NUMV vs VLU
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
88
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
VLU
State Street SPDR S&P 1500 Value Tilt ETF
HML
Adj. R2
0.909
Rel. Sharpe
1.170
Mkt beta
0.95
AUM
US$655M
MER
0.12%
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 +0.15
HML
diff +0.10
RMW
diff +0.07
CMA
diff -0.05
UMD
diff +0.02
Why This Pair Matches
Exposure level
88
Exposure shape
97
Mkt beta diff
0.03
Rel. Sharpe diff
0.612
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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