PWV
Invesco Large Cap Value ETF
HML
Adj. R2
0.900
Rel. Sharpe
1.429
Mkt beta
0.86
AUM
US$1.4B
MER
0.55%
Valuation
121
ETF comparison
Verified factor-similar pair
PWV vs VLUE
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
80
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
VLUE
iShares MSCI USA Value Factor ETF
HML
Adj. R2
0.912
Rel. Sharpe
1.004
Mkt beta
0.97
AUM
US$10.9B
MER
0.15%
Valuation
139
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 -0.13
HML
diff -0.05
RMW
diff +0.11
CMA
diff +0.07
UMD
diff +0.10
Why This Pair Matches
Exposure level
80
Exposure shape
93
Mkt beta diff
0.11
Rel. Sharpe diff
0.425
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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