IVAL vs. IVES

Last updated Jun 4, 2026

IVAL (Alpha Architect International Quantitative Value ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - IVAL is a Foreign Large Cap Equities fund actively managed by Alpha Architect, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. IVAL is actively managed, while IVES is passively managed. At a 0.35 correlation, their price movements are largely independent. IVAL charges 0.39%/yr vs 0.75%/yr for IVES.

Performance

IVAL vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect International Quantitative Value ETF (IVAL) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVAL achieves a 13.29% return, which is significantly lower than IVES's 27.14% return.

IVAL

• 1D: -0.50%
• 1M: 3.49%
• YTD: 13.29%
• 6M: 16.64%
• 1Y: 32.20%
• 3Y*: 19.90%
• 5Y*: 8.36%
• 10Y*: 8.01%

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVAL vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
IVAL Alpha Architect International Quantitative Value ETF	13.29%	16.65%
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%

Correlation

The correlation between IVAL and IVES is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.35

IVAL vs. IVES - Sectors Allocation Comparison

Sectors	IVAL	IVES
Industrials	28.5%	4.3%
Consumer Cyclical	23.5%	12.9%
Basic Materials	21.2%	-
Energy	11.6%	-
Consumer Defensive	7.4%	-
Technology	3.9%	67.8%
Communication Services	2.1%	11.8%
Healthcare	1.8%	-
Financial Services	-	1.7%
Real Estate	-	-
Utilities	-	1.7%

Return for Risk

IVAL vs. IVES — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVAL

IVAL Risk / Return Rank: 61
IVAL Sharpe Ratio Rank: 63
IVAL Sortino Ratio Rank: 63
IVAL Omega Ratio Rank: 62
IVAL Calmar Ratio Rank: 58
IVAL Martin Ratio Rank: 57

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.

IVAL vs. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Value ETF (IVAL) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	IVAL	IVES	Difference
Sharpe ratio Return per unit of total volatility	2.11	—	—
Sortino ratio Return per unit of downside risk	2.96	—	—
Omega ratio Gain probability vs. loss probability	1.38	—	—
Calmar ratio Return relative to maximum drawdown	2.88	—	—
Martin ratio Return relative to average drawdown	10.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IVAL	IVES	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	2.32	-1.98

Drawdowns

IVAL vs. IVES - Drawdown Comparison

The maximum IVAL drawdown since its inception was -46.09%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for IVAL and IVES.

Drawdown Indicators

	IVAL	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-46.09%	-22.64%	-23.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	—	—
Current Drawdown Current decline from peak	-2.94%	-3.69%	+0.75%
Average Drawdown Average peak-to-trough decline	-12.00%	-5.63%	-6.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	—	—

Volatility

Volatility by Period

	IVAL	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	25.77%	-10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	25.77%	-8.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	25.77%	-6.93%

IVAL vs. IVES - Expense Ratio Comparison

IVAL has a 0.39% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

IVAL vs. IVES - Dividend Comparison

IVAL's dividend yield for the trailing twelve months is around 2.66%, more than IVES's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVAL Alpha Architect International Quantitative Value ETF	2.66%	2.75%	3.60%	5.15%	8.00%	3.95%	2.07%	2.51%	2.93%	1.73%	2.02%	1.86%
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVAL and IVES in my portfolio?

IVAL and IVES have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVAL or IVES?

On fees, IVAL is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVAL or IVES?

IVAL is cheaper with a 0.39% expense ratio, compared with 0.75% for IVES.

Which ETF pays a higher dividend yield, IVAL or IVES?

IVAL has the higher dividend yield at 2.66%, compared with 0.33% for IVES.

What is the main difference between IVAL and IVES?

IVAL is categorized as Foreign Large Cap Equities, while IVES is Technology Equities. They also come from different issuers: Alpha Architect and Wedbush. Their fees differ too: 0.39% for IVAL and 0.75% for IVES.