SCHA
Schwab U.S. Small-Cap ETF
SMB
Adj. R2
0.987
Rel. Sharpe
0.861
Mkt beta
1.03
AUM
US$21.0B
MER
0.04%
Valuation
134
ETF comparison
Verified factor-similar pair
SCHA vs UPGD
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
Similarity score
84
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
UPGD
Invesco Bloomberg Analyst Rating Improvers ETF
SMB
Adj. R2
0.882
Rel. Sharpe
0.602
Mkt beta
1.07
AUM
US$110M
MER
0.40%
Valuation
59
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 +0.08
HML
diff +0.05
RMW
diff -0.13
CMA
diff -0.04
UMD
diff +0.09
Why This Pair Matches
Exposure level
82
Exposure shape
99
Mkt beta diff
0.03
Rel. Sharpe diff
0.258
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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