PRN
Invesco Dorsey Wright Industrials Momentum ETF
SMB
UMD
Adj. R2
0.845
Rel. Sharpe
1.155
Mkt beta
1.14
AUM
US$363M
MER
0.69%
Valuation
225
ETF comparison
Verified factor-similar pair
PRN vs XSMO
These two ETFs meet the same FF6 US comparison criteria: US-listed equity ETFs, the same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
UMD
Similarity score
81
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- PRN has the higher backtested relative Sharpe (1.155 vs 1.041).
- XSMO has the lower published fee (0.36% vs 0.69%).
- XSMO is cheaper on dividend valuation (126 vs 225, where 100 is each fund's historical median).
- XSMO has the stronger regression fit (adjusted R-squared 0.903 vs 0.845).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
XSMO
Invesco S&P SmallCap Momentum ETF
SMB
UMD
Adj. R2
0.903
Rel. Sharpe
1.041
Mkt beta
0.99
AUM
US$2.5B
MER
0.36%
Valuation
126
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 -0.32
HML
diff -0.14
RMW
diff -0.07
CMA
diff +0.10
UMD
diff -0.07
Why This Pair Matches
Exposure level
78
Exposure shape
98
Mkt beta diff
0.15
Rel. Sharpe diff
0.114
This comparison focuses on measured factor exposure. It does not compare holdings methodology, turnover, tax handling, or issuer process. Backtested relative Sharpe is a secondary signal rather than a stand-alone forecast. See methodology.
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