Verified factor-similar pair

QUVU vs SPVM

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
82
Verified similar

Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.

QUVU

Hartford Quality Value ETF
HML
Adj. R2
0.810
Rel. Sharpe
0.166
Mkt beta
0.85
AUM
US$179M
MER
0.45%
Valuation
106

SPVM

Invesco S&P 500 Value with Momentum ETF
HML
Adj. R2
0.908
Rel. Sharpe
1.013
Mkt beta
0.96
AUM
US$116M
MER
0.51%
Valuation
109

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
QUVU
-0.08
|t|
-0.6
SPVM
+0.00
|t|
+0.1
diff -0.08
HML
QUVU
+0.62
|t|
+4.3
SPVM
+0.51
|t|
+10.9
diff +0.11
RMW
QUVU
+0.11
|t|
+0.7
SPVM
+0.05
|t|
+0.8
diff +0.06
CMA
QUVU
+0.04
|t|
+0.3
SPVM
+0.11
|t|
+1.7
diff -0.07
UMD
QUVU
+0.04
|t|
+0.4
SPVM
-0.04
|t|
-1.2
diff +0.08

Why This Pair Matches

Exposure level
82
Exposure shape
98
Mkt beta diff
0.11
Rel. Sharpe diff
0.847

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.

QUVU fund page SPVM fund page US ETF Leaders US Universe
Important context

VerifiedBeta publishes educational ETF research, not personalized investment advice, portfolio management, or security recommendations. Funds that screen well here can still be unsuitable for your objectives, taxes, liquidity needs, or constraints. Review fund documents, methodology assumptions, and your own circumstances before acting. See the full disclaimer.