ONEQ
Fidelity Nasdaq Composite Index ETF
HML
Adj. R2
0.940
Rel. Sharpe
0.897
Mkt beta
1.11
AUM
US$9.1B
MER
0.21%
Valuation
167
ETF comparison
Verified factor-similar pair
ONEQ vs VUG
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
86
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
VUG
Vanguard Growth ETF
HML
Adj. R2
0.971
Rel. Sharpe
0.759
Mkt beta
1.07
AUM
US$195.6B
MER
0.03%
Valuation
355
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 +0.20
HML
diff -0.01
RMW
diff -0.16
CMA
diff +0.01
UMD
diff +0.01
Why This Pair Matches
Exposure level
86
Exposure shape
86
Mkt beta diff
0.03
Rel. Sharpe diff
0.137
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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