IVAL vs. KGGAX
Compare and contrast key facts about Alpha Architect International Quantitative Value ETF (IVAL) and Kopernik Global All-Cap Fund Class A (KGGAX).
IVAL is an actively managed fund by Alpha Architect. It was launched on Dec 16, 2014. KGGAX is managed by Kopernik. It was launched on Nov 1, 2013.
Performance
IVAL vs. KGGAX - Performance Comparison
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IVAL vs. KGGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVAL Alpha Architect International Quantitative Value ETF | 8.42% | 34.92% | -0.71% | 20.61% | -10.06% | -0.22% | -4.94% | 21.26% | -22.50% | 31.03% |
KGGAX Kopernik Global All-Cap Fund Class A | 4.60% | 64.46% | -4.79% | 13.08% | -9.24% | 16.59% | 36.89% | 9.76% | -11.34% | 8.77% |
Returns By Period
In the year-to-date period, IVAL achieves a 8.42% return, which is significantly higher than KGGAX's 4.60% return. Over the past 10 years, IVAL has underperformed KGGAX with an annualized return of 7.75%, while KGGAX has yielded a comparatively higher 14.28% annualized return.
IVAL
- 1D
- 2.88%
- 1M
- -7.11%
- YTD
- 8.42%
- 6M
- 14.13%
- 1Y
- 37.22%
- 3Y*
- 17.52%
- 5Y*
- 8.19%
- 10Y*
- 7.75%
KGGAX
- 1D
- -0.06%
- 1M
- -9.46%
- YTD
- 4.60%
- 6M
- 13.01%
- 1Y
- 50.39%
- 3Y*
- 21.31%
- 5Y*
- 12.69%
- 10Y*
- 14.28%
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IVAL vs. KGGAX - Expense Ratio Comparison
IVAL has a 0.39% expense ratio, which is lower than KGGAX's 1.26% expense ratio.
Return for Risk
IVAL vs. KGGAX — Risk / Return Rank
IVAL
KGGAX
IVAL vs. KGGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect International Quantitative Value ETF (IVAL) and Kopernik Global All-Cap Fund Class A (KGGAX). 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 | KGGAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 3.26 | -1.13 |
Sortino ratioReturn per unit of downside risk | 2.85 | 3.87 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.58 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.63 | -1.39 |
Martin ratioReturn relative to average drawdown | 12.61 | 16.87 | -4.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVAL | KGGAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 3.26 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.85 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.95 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.60 | -0.27 |
Correlation
The correlation between IVAL and KGGAX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IVAL vs. KGGAX - Dividend Comparison
IVAL's dividend yield for the trailing twelve months is around 2.77%, less than KGGAX's 15.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVAL Alpha Architect International Quantitative Value ETF | 2.77% | 2.75% | 3.60% | 5.15% | 8.00% | 3.95% | 2.07% | 2.51% | 2.93% | 1.73% | 2.02% | 1.86% |
KGGAX Kopernik Global All-Cap Fund Class A | 15.40% | 16.11% | 1.04% | 8.29% | 13.22% | 9.00% | 4.59% | 2.72% | 0.00% | 4.12% | 3.09% | 0.40% |
Drawdowns
IVAL vs. KGGAX - Drawdown Comparison
The maximum IVAL drawdown since its inception was -46.09%, roughly equal to the maximum KGGAX drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for IVAL and KGGAX.
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Drawdown Indicators
| IVAL | KGGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.09% | -45.27% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -10.63% | -0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -26.59% | -4.42% |
Max Drawdown (10Y)Largest decline over 10 years | -46.09% | -31.90% | -14.19% |
Current DrawdownCurrent decline from peak | -7.11% | -9.46% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -9.76% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.92% | -0.03% |
Volatility
IVAL vs. KGGAX - Volatility Comparison
Alpha Architect International Quantitative Value ETF (IVAL) has a higher volatility of 7.41% compared to Kopernik Global All-Cap Fund Class A (KGGAX) at 5.61%. This indicates that IVAL's price experiences larger fluctuations and is considered to be riskier than KGGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVAL | KGGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 5.61% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 12.30% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 15.25% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 15.07% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.91% | 15.05% | +3.86% |