VTWV
Vanguard Russell 2000 Value ETF
SMB
HML
Adj. R2
0.980
Rel. Sharpe
0.947
Mkt beta
0.98
AUM
US$1.1B
MER
0.06%
Valuation
111
ETF comparison
Verified factor-similar pair
VTWV vs XMVM
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
HML
Similarity score
83
Verified similar
Score blends exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
XMVM
Invesco S&P MidCap Value with Momentum ETF
SMB
HML
Adj. R2
0.899
Rel. Sharpe
1.001
Mkt beta
0.98
AUM
US$435M
MER
0.41%
Valuation
89
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 +0.40
HML
diff +0.03
RMW
diff -0.20
CMA
diff -0.02
UMD
diff +0.06
Why This Pair Matches
Exposure level
78
Exposure shape
95
Mkt beta diff
0.00
Rel. Sharpe diff
0.054
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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