Alpha Architect U.S. Quantitative Value ETF (QVAL)
QVAL is a passive ETF by EMPIRICAL FINANCE LLC tracking the investment results of the QVAL-US - Alpha Architect Quantitative Value Index. QVAL launched on Oct 22, 2014 and has a 0.49% expense ratio.
ETF Info
US02072L1026
02072L102
Oct 22, 2014
North America (U.S.)
1x
QVAL-US - Alpha Architect Quantitative Value Index
Multi-Cap
Blend
Expense Ratio
QVAL has an expense ratio of 0.49%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Alpha Architect U.S. Quantitative Value ETF (QVAL) returned -2.41% year-to-date (YTD) and -1.70% over the past 12 months. Over the past 10 years, QVAL returned 6.37% annually, underperforming the S&P 500 benchmark at 10.85%.
QVAL
-2.41%
3.43%
-8.03%
-1.70%
8.47%
16.67%
6.37%
^GSPC (Benchmark)
0.51%
3.96%
-2.00%
12.02%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of QVAL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.17% | -3.07% | -3.30% | -3.77% | 5.90% | -2.41% | |||||||
| 2024 | 0.22% | 3.01% | 7.86% | -4.81% | 5.10% | -4.05% | 5.64% | -0.39% | 2.63% | -3.35% | 6.73% | -5.76% | 12.22% |
| 2023 | 9.68% | -0.82% | -2.78% | -1.80% | -6.77% | 12.39% | 6.30% | 0.95% | 0.32% | -4.85% | 6.82% | 7.84% | 28.40% |
| 2022 | -5.68% | 2.40% | 2.03% | -4.24% | 2.97% | -16.67% | 12.14% | -3.37% | -9.56% | 15.41% | 5.37% | -8.61% | -11.80% |
| 2021 | 6.42% | -0.39% | 9.79% | 3.74% | 2.13% | -0.23% | 1.27% | 3.58% | -4.89% | 5.09% | -0.01% | 4.22% | 34.40% |
| 2020 | -6.34% | -11.34% | -28.05% | 16.12% | 4.57% | 2.48% | 4.19% | 4.24% | 0.77% | -3.02% | 14.98% | 3.67% | -5.93% |
| 2019 | 14.55% | 1.89% | -1.51% | 4.34% | -13.99% | 9.49% | 1.37% | -7.52% | 6.45% | 5.20% | 3.23% | 1.35% | 24.05% |
| 2018 | 5.37% | -3.15% | -3.47% | -1.49% | 3.09% | 1.68% | 2.42% | 1.50% | -3.81% | -7.51% | 0.80% | -12.77% | -17.28% |
| 2017 | 0.44% | 1.57% | 0.82% | 1.38% | -2.88% | 2.44% | 1.02% | -0.70% | 6.30% | -0.26% | 10.20% | 3.27% | 25.59% |
| 2016 | -7.21% | 5.96% | 7.82% | -3.92% | -3.06% | -1.84% | 6.89% | 1.78% | 0.02% | -2.20% | 8.87% | 0.67% | 13.04% |
| 2015 | -2.00% | 8.46% | -0.24% | 0.36% | -0.33% | -3.36% | -4.66% | -3.90% | -4.97% | 4.74% | -1.99% | -5.56% | -13.49% |
| 2014 | 4.41% | 1.28% | -0.42% | 5.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of QVAL is 16, meaning it’s performing worse than 84% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Alpha Architect U.S. Quantitative Value ETF provided a 1.68% dividend yield over the last twelve months, with an annual payout of $0.73 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.73 | $0.77 | $0.71 | $0.64 | $0.46 | $0.52 | $0.61 | $0.41 | $0.33 | $0.32 | $0.30 | $0.04 |
Dividend yield | 1.68% | 1.72% | 1.76% | 2.00% | 1.22% | 1.86% | 1.99% | 1.64% | 1.07% | 1.30% | 1.37% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Alpha Architect U.S. Quantitative Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | |||||||
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.29 | $0.64 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.28 | $0.46 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.27 | $0.52 |
| 2019 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.25 | $0.61 |
| 2018 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.18 | $0.41 |
| 2017 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.33 |
| 2016 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.32 |
| 2015 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.30 |
| 2014 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alpha Architect U.S. Quantitative Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alpha Architect U.S. Quantitative Value ETF was 51.49%, occurring on Mar 23, 2020. Recovery took 245 trading sessions.
The current Alpha Architect U.S. Quantitative Value ETF drawdown is 8.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.49% | Jan 29, 2018 | 541 | Mar 23, 2020 | 245 | Mar 12, 2021 | 786 |
| -30.08% | Apr 24, 2015 | 203 | Feb 11, 2016 | 413 | Oct 2, 2017 | 616 |
| -27.17% | Nov 17, 2021 | 215 | Sep 26, 2022 | 235 | Sep 1, 2023 | 450 |
| -21.41% | Dec 3, 2024 | 86 | Apr 8, 2025 | — | — | — |
| -8.14% | Sep 15, 2023 | 31 | Oct 27, 2023 | 24 | Dec 1, 2023 | 55 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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