SPHQ
Invesco S&P 500 Quality ETF
UMD
Adj. R2
0.855
Rel. Sharpe
1.139
Mkt beta
0.97
AUM
US$16.7B
MER
0.21%
Valuation
152
ETF comparison
Verified factor-similar pair
SPHQ vs PTL
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.
UMD
Similarity score
84
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- PTL has the higher backtested relative Sharpe (1.381 vs 1.139).
- PTL has the lower published fee (0.09% vs 0.21%).
- PTL is cheaper on dividend valuation (111 vs 152, where 100 is each fund's historical median).
- PTL has the stronger regression fit (adjusted R-squared 0.891 vs 0.855).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
PTL
Inspire 500 ETF
UMD
Adj. R2
0.891
Rel. Sharpe
1.381
Mkt beta
0.96
AUM
US$718M
MER
0.09%
Valuation
111
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 -0.10
HML
diff -0.18
RMW
diff +0.14
CMA
diff +0.03
UMD
diff -0.02
Why This Pair Matches
Exposure level
84
Exposure shape
86
Mkt beta diff
0.01
Rel. Sharpe diff
0.242
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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