IVAL vs. BRNY
IVAL (Alpha Architect International Quantitative Value ETF) and BRNY (Burney U.S. Factor Rotation ETF) are both exchange-traded funds - IVAL is a Foreign Large Cap Equities fund actively managed by Alpha Architect, while BRNY is a Multi-factor fund actively managed by Burney. Both are actively managed. Over the past 3 years, IVAL returned 18.08%/yr vs 24.07%/yr for BRNY. Their 0.58 correlation means they have sometimes moved together and sometimes differently. IVAL charges 0.39%/yr vs 0.79%/yr for BRNY.
Performance
IVAL vs. BRNY - Performance Comparison
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Returns By Period
In the year-to-date period, IVAL achieves a 16.85% return, which is significantly higher than BRNY's 13.70% return.
IVAL
- 1D
- -2.03%
- 1M
- 4.21%
- 6M
- 9.40%
- YTD
- 16.85%
- 1Y
- 34.16%
- 3Y*
- 18.08%
- 5Y*
- 9.92%
- 10Y*
- 8.16%
- ALL TIME*
- 6.66%
BRNY
- 1D
- -0.15%
- 1M
- -1.07%
- 6M
- 11.71%
- YTD
- 13.70%
- 1Y
- 27.38%
- 3Y*
- 24.07%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $889.80K | $814.34K | $1.39M | |
| $389.83K | $422.74K | $617.49K |
IVAL vs. BRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IVAL Alpha Architect International Quantitative Value ETF | 16.85% | 34.92% | -0.71% | 20.61% | 10.94% |
BRNY Burney U.S. Factor Rotation ETF | 13.70% | 22.02% | 28.84% | 22.36% | 5.16% |
Correlation
The correlation between IVAL and BRNY is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.58 |
The correlation between IVAL and BRNY has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
IVAL vs. BRNY — Risk / Return Rank
IVAL
BRNY
IVAL vs. BRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Value ETF (IVAL) and Burney U.S. Factor Rotation ETF (BRNY). 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.
| IVAL | BRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.80 | +0.34 |
| Martin ratioReturn relative to average drawdown | 10.25 | 10.46 | -0.21 |
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Drawdowns
IVAL vs. BRNY - Drawdown Comparison
The maximum IVAL drawdown since its inception was -46.09%, which is greater than BRNY's maximum drawdown of -19.14%. Use the drawdown chart below to compare losses from any high point for IVAL and BRNY.
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Drawdown Indicators
| IVAL | BRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.09% | -19.14% | -26.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -9.34% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.92% | -19.14% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -2.66% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -2.73% | -9.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.50% | +0.94% |
Volatility
IVAL vs. BRNY - Volatility Comparison
Alpha Architect International Quantitative Value ETF (IVAL) and Burney U.S. Factor Rotation ETF (BRNY) have volatilities of 4.97% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVAL | BRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.99% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 12.43% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 15.44% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.78% | 17.19% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 17.19% | +1.42% |
IVAL vs. BRNY - Expense Ratio Comparison
IVAL has a 0.39% expense ratio, which is lower than BRNY's 0.79% expense ratio.
Dividends
IVAL vs. BRNY - Dividend Comparison
IVAL's dividend yield for the trailing twelve months is around 2.61%, more than BRNY's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRNY Burney U.S. Factor Rotation ETF | 0.21% | 0.30% | 0.23% | 0.68% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVAL Alpha Architect International Quantitative Value ETF | 2.61% | 2.75% | 3.60% | 5.15% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% |
Frequently Asked Questions
IVAL and BRNY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRNY has higher volatility (4.99%) compared to IVAL (4.97%). In terms of maximum drawdown, IVAL dropped -46.09% vs BRNY's -19.14%.
On 3-year performance, BRNY leads with 24.07% vs 18.08% for IVAL. On fees, IVAL is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BRNY has performed better with a 24.07% return vs 18.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVAL is cheaper with a 0.39% expense ratio, compared with 0.79% for BRNY.
IVAL has the higher dividend yield at 2.61%, compared with 0.21% for BRNY.
IVAL is categorized as Foreign Large Cap Equities, while BRNY is Multi-factor. They also come from different issuers: Alpha Architect and Burney. Their fees differ too: 0.39% for IVAL and 0.79% for BRNY.
IVAL currently has the higher Sharpe Ratio (2.28 vs 1.70), 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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