VIOV
Vanguard S&P Small-Cap 600 Value ETF
SMB
HML
Adj. R2
0.979
Rel. Sharpe
1.082
Mkt beta
0.99
AUM
US$1.6B
MER
0.10%
Valuation
99
ETF comparison
Verified factor-similar pair
VIOV vs VTWV
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
Similarity score
91
Near substitute
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- VIOV has the higher backtested relative Sharpe (1.082 vs 0.948).
- VTWV has the lower published fee (0.06% vs 0.10%).
- VIOV is cheaper on dividend valuation (99 vs 113, where 100 is each fund's historical median).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
VTWV
Vanguard Russell 2000 Value ETF
SMB
HML
Adj. R2
0.980
Rel. Sharpe
0.948
Mkt beta
0.98
AUM
US$1.1B
MER
0.06%
Valuation
113
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 +0.07
HML
diff -0.02
RMW
diff +0.08
CMA
diff +0.05
UMD
diff -0.04
Why This Pair Matches
Exposure level
90
Exposure shape
100
Mkt beta diff
0.01
Rel. Sharpe diff
0.134
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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