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EEMV vs. QVAL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEMV vs. QVAL

Last updated Jun 28, 2026

EEMV (iShares MSCI Emerging Markets Min Vol Factor ETF) and QVAL (Alpha Architect U.S. Quantitative Value ETF) are both exchange-traded funds - EEMV is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility Index, while QVAL is a Mid Cap Value Equities fund actively managed by Alpha Architect. EEMV is passively managed, while QVAL is actively managed. Over the past 10 years, EEMV returned 6.64%/yr vs 12.39%/yr for QVAL. A 0.53 correlation means they provide meaningful diversification when combined. EEMV charges 0.25%/yr vs 0.28%/yr for QVAL.

Performance

EEMV vs. QVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and Alpha Architect U.S. Quantitative Value ETF (QVAL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with EEMV having a 16.72% return and QVAL slightly lower at 16.06%. Over the past 10 years, EEMV has underperformed QVAL with an annualized return of 6.64%, while QVAL has yielded a comparatively higher 12.39% annualized return.

EEMV

1D
-0.74%
1M
-0.78%
YTD
16.72%
6M
15.97%
1Y
21.24%
3Y*
13.87%
5Y*
5.57%
10Y*
6.64%

QVAL

1D
0.70%
1M
0.41%
YTD
16.06%
6M
14.13%
1Y
29.71%
3Y*
20.39%
5Y*
12.37%
10Y*
12.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEMV vs. QVAL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		16.72%13.45%7.98%7.75%-13.94%5.05%6.90%7.83%-5.81%27.28%
QVAL
Alpha Architect U.S. Quantitative Value ETF		16.06%10.98%12.21%28.40%-11.80%34.40%-5.93%24.06%-17.28%25.59%

Correlation

The correlation between EEMV and QVAL is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Jan 4, 2016

0.53

The correlation between EEMV and QVAL has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

EEMV vs. QVAL - Sectors Allocation Comparison

Sectors
EEMV
QVAL

Technology

36.5%
8.3%

Financial Services

18.0%

-

Communication Services

10.1%
6.0%

Industrials

6.6%
14.1%

Consumer Cyclical

6.2%
23.8%

Consumer Defensive

5.6%
9.8%

Healthcare

5.4%
13.9%

Utilities

4.4%
2.0%

Energy

3.6%
16.1%

Basic Materials

2.9%
6.0%

Real Estate

0.6%
2.0%

Technology

EEMV
36.5%
QVAL
8.3%

Financial Services

EEMV
18.0%
QVAL

-

Communication Services

EEMV
10.1%
QVAL
6.0%

Industrials

EEMV
6.6%
QVAL
14.1%

Consumer Cyclical

EEMV
6.2%
QVAL
23.8%

Consumer Defensive

EEMV
5.6%
QVAL
9.8%

Healthcare

EEMV
5.4%
QVAL
13.9%

Utilities

EEMV
4.4%
QVAL
2.0%

Energy

EEMV
3.6%
QVAL
16.1%

Basic Materials

EEMV
2.9%
QVAL
6.0%

Real Estate

EEMV
0.6%
QVAL
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Emerging Markets Min Vol Factor ETF

Alpha Architect U.S. Quantitative Value ETF

Often compared with EEMV:
EEMV vs. EEMEEMV vs. IEMGEEMV vs. SPYEEMV vs. EFAVEEMV vs. MCHIEEMV vs. USMVEEMV vs. SPEM
Often compared with QVAL:
QVAL vs. AVUVQVAL vs. VLUEQVAL vs. QQQQVAL vs. SNPEQVAL vs. VTVQVAL vs. VFLOQVAL vs. VBR

Return for Risk

EEMV vs. QVAL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEMV
EEMV Risk / Return Rank: 4848
Overall Rank
EEMV Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EEMV Sortino Ratio Rank: 4141
Sortino Ratio Rank
EEMV Omega Ratio Rank: 5151
Omega Ratio Rank
EEMV Calmar Ratio Rank: 5252
Calmar Ratio Rank
EEMV Martin Ratio Rank: 5252
Martin Ratio Rank
QVAL
QVAL Risk / Return Rank: 7979
Overall Rank
QVAL Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
QVAL Sortino Ratio Rank: 8181
Sortino Ratio Rank
QVAL Omega Ratio Rank: 6767
Omega Ratio Rank
QVAL Calmar Ratio Rank: 9191
Calmar Ratio Rank
QVAL Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEMV vs. QVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) and Alpha Architect U.S. Quantitative Value ETF (QVAL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

EEMVQVALDifference
Sharpe ratioReturn per unit of total volatility
1.38
2.06

-0.68

Sortino ratioReturn per unit of downside risk
1.94
3.17

-1.23

Omega ratioGain probability vs. loss probability

1.29

1.35

-0.07

Calmar ratioReturn relative to maximum drawdown

2.28

5.01

-2.73

Martin ratioReturn relative to average drawdown

8.09

13.99

-5.90

EEMV vs. QVAL - Sharpe Ratio Comparison

The current EEMV Sharpe Ratio is 1.38, which is lower than the QVAL Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of EEMV and QVAL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EEMV vs. QVAL - Drawdown Comparison

The maximum EEMV drawdown since its inception was -31.56%, smaller than the maximum QVAL drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for EEMV and QVAL.

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Drawdown Indicators

EEMVQVALDifference

Max Drawdown

Largest peak-to-trough decline

-31.56%

-51.49%

+19.93%

Max Drawdown (1Y)

Largest decline over 1 year

-9.22%

-6.04%

-3.18%

Max Drawdown (3Y)

Largest decline over 3 years

-12.47%

-21.41%

+8.94%

Max Drawdown (5Y)

Largest decline over 5 years

-21.90%

-27.17%

+5.27%

Max Drawdown (10Y)

Largest decline over 10 years

-31.56%

-51.49%

+19.93%

Current Drawdown

Current decline from peak

-3.69%

-0.78%

-2.91%

Average Drawdown

Average peak-to-trough decline

-7.95%

-7.76%

-0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.16%

+0.43%

Volatility

EEMV vs. QVAL - Volatility Comparison

iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) has a higher volatility of 8.51% compared to Alpha Architect U.S. Quantitative Value ETF (QVAL) at 3.76%. This indicates that EEMV's price experiences larger fluctuations and is considered to be riskier than QVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEMVQVALDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.51%

3.76%

+4.75%

Volatility (6M)

Calculated over the trailing 6-month period

14.18%

10.22%

+3.96%

Volatility (1Y)

Calculated over the trailing 1-year period

15.20%

14.69%

+0.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

21.64%

-9.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.97%

22.74%

-8.77%

EEMV vs. QVAL - Expense Ratio Comparison

EEMV has a 0.25% expense ratio, which is lower than QVAL's 0.28% expense ratio.

Dividends

EEMV vs. QVAL - Dividend Comparison

EEMV's dividend yield for the trailing twelve months is around 2.19%, more than QVAL's 1.14% yield.

PositionTTM20252024202320222021202020192018201720162015
EEMV
iShares MSCI Emerging Markets Min Vol Factor ETF		2.19%2.65%3.50%2.75%1.93%2.14%2.45%2.63%2.46%2.34%2.79%2.55%
QVAL
Alpha Architect U.S. Quantitative Value ETF		1.14%1.44%1.72%1.76%2.00%1.23%1.86%1.99%1.64%1.08%1.30%0.00%

Frequently Asked Questions

EEMV and QVAL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEMV has higher volatility (8.51%) compared to QVAL (3.76%). In terms of maximum drawdown, EEMV dropped -31.56% vs QVAL's -51.49%.

On 10-year performance, QVAL leads with 12.39% vs 6.64% for EEMV. On fees, EEMV is cheaper at 0.25% per year. On volatility, QVAL has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, QVAL has performed better with a 12.39% return vs 6.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EEMV is cheaper with a 0.25% expense ratio, compared with 0.28% for QVAL.

EEMV has the higher dividend yield at 2.19%, compared with 1.14% for QVAL.

EEMV is categorized as Emerging Markets Equities, while QVAL is Mid Cap Value Equities. They also come from different issuers: iShares and Alpha Architect. Their fees differ too: 0.25% for EEMV and 0.28% for QVAL.

QVAL currently has the higher Sharpe Ratio (2.06 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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