PAVE
Global X U.S. Infrastructure Development ETF
SMB
RMW
Adj. R2
0.861
Rel. Sharpe
1.244
Mkt beta
1.14
AUM
US$12.6B
MER
0.47%
Valuation
106
ETF comparison
Verified factor-similar pair
PAVE vs SMMV
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
82
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF
SMB
RMW
Adj. R2
0.842
Rel. Sharpe
0.935
Mkt beta
0.66
AUM
US$282M
MER
0.20%
Valuation
95
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 +0.06
HML
diff +0.08
RMW
diff -0.03
CMA
diff -0.07
UMD
diff -0.08
Why This Pair Matches
Exposure level
84
Exposure shape
99
Mkt beta diff
0.48
Rel. Sharpe diff
0.309
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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