FEMD vs. QVAL
FEMD (First Eagle Mid Cap Equity ETF) and QVAL (Alpha Architect U.S. Quantitative Value ETF) are both Mid Cap Value Equities funds. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. FEMD charges 0.55%/yr vs 0.28%/yr for QVAL.
Performance
FEMD vs. QVAL - Performance Comparison
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Returns By Period
FEMD
- 1D
- 0.74%
- 1M
- 4.55%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QVAL
- 1D
- 0.86%
- 1M
- 1.75%
- YTD
- 15.07%
- 6M
- 13.10%
- 1Y
- 29.19%
- 3Y*
- 20.85%
- 5Y*
- 12.17%
- 10Y*
- 12.01%
FEMD vs. QVAL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FEMD First Eagle Mid Cap Equity ETF | 7.15% |
QVAL Alpha Architect U.S. Quantitative Value ETF | 8.99% |
Correlation
The correlation between FEMD and QVAL is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 27, 2026 | 0.77 |
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Return for Risk
FEMD vs. QVAL — Risk / Return Rank
FEMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QVAL
FEMD vs. QVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Mid Cap Equity ETF (FEMD) 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.
| FEMD | QVAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.86 | — |
| Martin ratioReturn relative to average drawdown | — | 13.57 | — |
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Drawdowns
FEMD vs. QVAL - Drawdown Comparison
The maximum FEMD drawdown since its inception was -11.51%, smaller than the maximum QVAL drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for FEMD and QVAL.
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Drawdown Indicators
| FEMD | QVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.51% | -51.49% | +39.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.41% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.49% | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.63% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -7.76% | +4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.16% | — |
Volatility
FEMD vs. QVAL - Volatility Comparison
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Volatility by Period
| FEMD | QVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.78% | 14.72% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.78% | 21.64% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.78% | 22.78% | -2.00% |
FEMD vs. QVAL - Expense Ratio Comparison
FEMD has a 0.55% expense ratio, which is higher than QVAL's 0.28% expense ratio.
Dividends
FEMD vs. QVAL - Dividend Comparison
FEMD has not paid dividends to shareholders, while QVAL's dividend yield for the trailing twelve months is around 1.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEMD First Eagle Mid Cap Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QVAL Alpha Architect U.S. Quantitative Value ETF | 1.15% | 1.44% | 1.72% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% |
Frequently Asked Questions
FEMD and QVAL have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QVAL is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QVAL is cheaper with a 0.28% expense ratio, compared with 0.55% for FEMD.
QVAL has the higher dividend yield at 1.15%, compared with 0.00% for FEMD.
They also come from different issuers: First Eagle and Alpha Architect. Their fees differ too: 0.55% for FEMD and 0.28% for QVAL.
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