SMDV
ProShares Russell 2000 Dividend Growers ETF
SMB
HML
RMW
Adj. R2
0.810
Rel. Sharpe
1.252
Mkt beta
0.67
AUM
US$659M
MER
0.40%
Valuation
97
ETF comparison
Verified factor-similar pair
SMDV vs SMLV
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
HML
RMW
Similarity score
88
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- SMLV has the higher backtested relative Sharpe (1.374 vs 1.252).
- SMLV has the lower published fee (0.12% vs 0.40%).
- SMDV is cheaper on dividend valuation (97 vs 130, where 100 is each fund's historical median).
- SMLV has the stronger regression fit (adjusted R-squared 0.910 vs 0.810).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
SMLV
State Street SPDR US Small Cap Low Volatility Index ETF
SMB
HML
RMW
Adj. R2
0.910
Rel. Sharpe
1.374
Mkt beta
0.81
AUM
US$216M
MER
0.12%
Valuation
130
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 -0.12
HML
diff -0.05
RMW
diff +0.03
CMA
diff +0.09
UMD
diff +0.01
Why This Pair Matches
Exposure level
88
Exposure shape
100
Mkt beta diff
0.14
Rel. Sharpe diff
0.122
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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