QVAL vs. IVAL
Compare and contrast key facts about Alpha Architect U.S. Quantitative Value ETF (QVAL) and Alpha Architect International Quantitative Value ETF (IVAL).
QVAL and IVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QVAL is an actively managed fund by Alpha Architect. It was launched on Oct 22, 2014. IVAL is an actively managed fund by Alpha Architect. It was launched on Dec 16, 2014.
Performance
QVAL vs. IVAL - Performance Comparison
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QVAL vs. IVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QVAL Alpha Architect U.S. Quantitative Value ETF | 7.30% | 10.98% | 12.21% | 28.40% | -11.80% | 34.40% | -5.93% | 24.06% | -17.28% | 25.59% |
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% |
Returns By Period
In the year-to-date period, QVAL achieves a 7.30% return, which is significantly lower than IVAL's 8.42% return. Over the past 10 years, QVAL has outperformed IVAL with an annualized return of 10.16%, while IVAL has yielded a comparatively lower 7.75% annualized return.
QVAL
- 1D
- 2.26%
- 1M
- -2.23%
- YTD
- 7.30%
- 6M
- 12.78%
- 1Y
- 24.34%
- 3Y*
- 17.50%
- 5Y*
- 11.66%
- 10Y*
- 10.16%
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%
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QVAL vs. IVAL - Expense Ratio Comparison
QVAL has a 0.28% expense ratio, which is lower than IVAL's 0.39% expense ratio.
Return for Risk
QVAL vs. IVAL — Risk / Return Rank
QVAL
IVAL
QVAL vs. IVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) and Alpha Architect International Quantitative Value ETF (IVAL). 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.
| QVAL | IVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 2.13 | -0.92 |
Sortino ratioReturn per unit of downside risk | 1.85 | 2.85 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.24 | -1.54 |
Martin ratioReturn relative to average drawdown | 7.34 | 12.61 | -5.28 |
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
| QVAL | IVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.13 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.47 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.41 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.33 | +0.14 |
Correlation
The correlation between QVAL and IVAL is 0.63, 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
QVAL vs. IVAL - Dividend Comparison
QVAL's dividend yield for the trailing twelve months is around 1.56%, less than IVAL's 2.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QVAL Alpha Architect U.S. Quantitative Value ETF | 1.56% | 1.44% | 1.72% | 1.76% | 2.00% | 1.23% | 1.86% | 1.99% | 1.64% | 1.08% | 1.30% | 0.00% |
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% |
Drawdowns
QVAL vs. IVAL - Drawdown Comparison
The maximum QVAL drawdown since its inception was -51.49%, which is greater than IVAL's maximum drawdown of -46.09%. Use the drawdown chart below to compare losses from any high point for QVAL and IVAL.
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Drawdown Indicators
| QVAL | IVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.49% | -46.09% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -11.24% | -3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -31.01% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | -46.09% | -5.40% |
Current DrawdownCurrent decline from peak | -2.87% | -7.11% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -12.12% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.89% | +0.50% |
Volatility
QVAL vs. IVAL - Volatility Comparison
The current volatility for Alpha Architect U.S. Quantitative Value ETF (QVAL) is 4.37%, while Alpha Architect International Quantitative Value ETF (IVAL) has a volatility of 7.41%. This indicates that QVAL experiences smaller price fluctuations and is considered to be less risky than IVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVAL | IVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 7.41% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 11.38% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 17.60% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 17.67% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 18.91% | +3.89% |