IVAL vs. AVES
Compare and contrast key facts about Alpha Architect International Quantitative Value ETF (IVAL) and Avantis Emerging Markets Value ETF (AVES).
IVAL and AVES are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVAL is a passively managed fund by EMPIRICAL FINANCE LLC that tracks the performance of the IVAL-US - Alpha Architect International Quantitative Value Index. It was launched on Dec 17, 2014. AVES is an actively managed fund by American Century Investments. It was launched on Sep 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVAL or AVES.
Correlation
The correlation between IVAL and AVES is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IVAL vs. AVES - Performance Comparison
Key characteristics
IVAL:
-0.09
AVES:
0.57
IVAL:
-0.02
AVES:
0.87
IVAL:
1.00
AVES:
1.11
IVAL:
-0.09
AVES:
0.86
IVAL:
-0.26
AVES:
2.25
IVAL:
5.11%
AVES:
3.86%
IVAL:
15.29%
AVES:
15.19%
IVAL:
-46.09%
AVES:
-27.40%
IVAL:
-9.74%
AVES:
-8.71%
Returns By Period
In the year-to-date period, IVAL achieves a -1.32% return, which is significantly lower than AVES's 6.47% return.
IVAL
-1.32%
-0.73%
-3.11%
-1.34%
0.16%
2.64%
AVES
6.47%
-0.56%
-0.56%
8.68%
N/A
N/A
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IVAL vs. AVES - Expense Ratio Comparison
IVAL has a 0.59% expense ratio, which is higher than AVES's 0.36% expense ratio.
Risk-Adjusted Performance
IVAL vs. AVES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Value ETF (IVAL) and Avantis Emerging Markets Value ETF (AVES). 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.
Dividends
IVAL vs. AVES - Dividend Comparison
IVAL's dividend yield for the trailing twelve months is around 3.63%, less than AVES's 4.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IVAL Alpha Architect International Quantitative Value ETF | 3.63% | 5.14% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% | 0.21% |
AVES Avantis Emerging Markets Value ETF | 4.01% | 3.96% | 3.70% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IVAL vs. AVES - Drawdown Comparison
The maximum IVAL drawdown since its inception was -46.09%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for IVAL and AVES. For additional features, visit the drawdowns tool.
Volatility
IVAL vs. AVES - Volatility Comparison
Alpha Architect International Quantitative Value ETF (IVAL) has a higher volatility of 3.89% compared to Avantis Emerging Markets Value ETF (AVES) at 3.52%. This indicates that IVAL's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.