- ISIN
- US02072L1026
- CUSIP
- 02072L102
- Issuer
- Alpha Architect
- Inception Date
- Oct 22, 2014
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $509M
Share Price Chart
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Performance
QVAL Performance Chart
Alpha Architect U.S. Quantitative Value ETF (QVAL) is up 14.1% since the beginning of the year. QVAL is currently trading at $55 per share. Investors who bought $1,000 worth of QVAL shares 5 years ago would now be looking at an investment worth $1,788.
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Returns By Period
Alpha Architect U.S. Quantitative Value ETF (QVAL) has returned 14.07% so far this year and 29.20% over the past 12 months. Over the last ten years, QVAL has returned 11.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alpha Architect U.S. Quantitative Value ETF
- 1D
- -0.02%
- 1M
- 0.87%
- YTD
- 14.07%
- 6M
- 12.19%
- 1Y
- 29.20%
- 3Y*
- 20.50%
- 5Y*
- 12.32%
- 10Y*
- 11.91%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QVAL Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, QVAL's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +16.1%, while the worst month was Mar 2020 at -28.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, QVAL closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 12, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.54% | 3.98% | -2.23% | 4.31% | 2.62% | -0.68% | 14.07% | ||||||
| 2025 | 2.17% | -3.07% | -3.30% | -3.77% | 5.90% | 1.66% | -1.52% | 4.43% | 3.49% | -1.07% | 5.30% | 0.90% | 10.98% |
| 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% | 12.21% |
| 2023 | 9.68% | -0.82% | -2.78% | -1.80% | -6.77% | 12.38% | 6.30% | 0.95% | 0.32% | -4.84% | 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% | -0.22% | 1.27% | 3.58% | -4.89% | 5.09% | -0.01% | 4.22% | 34.40% |
Benchmark Metrics
Alpha Architect U.S. Quantitative Value ETF has an annualized alpha of -1.10%, beta of 1.01, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This ETF participated in 110.53% of S&P 500 Index downside but only 100.81% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.01 and R2 of 0.64, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.10%
- Beta
- 1.01
- R²
- 0.64
- Upside Capture
- 100.81%
- Downside Capture
- 110.53%
Expense Ratio
QVAL has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
QVAL ranks 70 for risk / return — better than 70% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QVAL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.86 | 2.78 | +2.08 |
| Martin ratioReturn relative to average drawdown | 13.62 | 12.44 | +1.18 |
Dividends
Dividend History
Alpha Architect U.S. Quantitative Value ETF provided a 1.16% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.70 | $0.77 | $0.71 | $0.64 | $0.46 | $0.52 | $0.61 | $0.41 | $0.33 | $0.32 |
Dividend yield | 1.16% | 1.44% | 1.72% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.21 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.24 | $0.70 |
| 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 |
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 2.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -51.49%Mar 2020 | 2y 1mo | 11mo 24d | 3y 1moJan 2018 - Mar 2021 |
Bear market2022 | -27.17%Sep 2022 | 10mo 13d | 11mo 10d | 1y 9moNov 2021 - Sep 2023 |
2025 selloff2025 | -21.41%Apr 2025 | 4mo 6d | 5mo 26d | 10mo 2dDec 2024 - Oct 2025 |
2016 correction2016 | -13.23%Jun 2016 | 3mo 7d | 1mo 19d | 4mo 26dMar 2016 - Aug 2016 |
2016 correction2016 | -12.04%Feb 2016 | 1mo 7d | 20d | 1mo 27dJan 2016 - Mar 2016 |
Drawdown Indicators
| QVAL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.49% | -56.78% | +5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.04% | -9.10% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.41% | -18.90% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -25.43% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | -33.92% | -17.57% |
Current DrawdownCurrent decline from peak | -2.48% | -1.80% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -7.77% | -10.71% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 2.03% | +0.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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