QVAL vs. MOOD

Last updated Aug 2, 2026

QVAL (Alpha Architect U.S. Quantitative Value ETF) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - QVAL is a Mid Cap Value Equities fund actively managed by Alpha Architect, while MOOD is a Tactical Allocation fund actively managed by Alpha Architect. Both are actively managed. Over the past 3 years, QVAL returned 18.55%/yr vs 19.14%/yr for MOOD. Their 0.66 correlation means they have sometimes moved together and sometimes differently. QVAL charges 0.28%/yr vs 0.73%/yr for MOOD.

Performance

QVAL vs. MOOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect U.S. Quantitative Value ETF (QVAL) and Relative Sentiment Tactical Allocation ETF (MOOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QVAL achieves a 20.72% return, which is significantly higher than MOOD's 13.27% return.

QVAL

• 1D: -0.54%
• 1M: 3.77%
• 6M: 14.38%
• YTD: 20.72%
• 1Y: 39.46%
• 3Y*: 18.55%
• 5Y*: 12.93%
• 10Y*: 11.94%
• ALL TIME*: 11.53%

MOOD

• 1D: 0.04%
• 1M: -0.12%
• 6M: 5.83%
• YTD: 13.27%
• 1Y: 32.12%
• 3Y*: 19.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MOOD Relative Sentiment Tactical Allocation ETF	$594.91K	$566.29K	$735.34K
QVAL Alpha Architect U.S. Quantitative Value ETF	$1.37M	$1.75M	$1.48M

QVAL vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QVAL Alpha Architect U.S. Quantitative Value ETF	20.72%	10.98%	12.21%	28.40%	-3.59%
MOOD Relative Sentiment Tactical Allocation ETF	13.27%	30.39%	12.53%	12.56%	-3.31%

Correlation

The correlation between QVAL and MOOD is 0.50, 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.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.66

The correlation between QVAL and MOOD shifts across timeframes, from 0.50 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

QVAL vs. MOOD - Sectors Allocation Comparison

Sectors	QVAL	MOOD
Consumer Cyclical	21.6%	9.0%
Energy	20.3%	3.0%
Healthcare	14.1%	9.0%
Industrials	12.3%	9.9%
Technology	10.0%	33.5%
Basic Materials	8.0%	5.9%
Consumer Defensive	5.9%	4.4%
Communication Services	5.8%	8.6%
Utilities	2.0%	2.2%
Real Estate	2.0%	2.1%
Financial Services	-	12.4%

Return for Risk

QVAL vs. MOOD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QVAL

QVAL Risk / Return Rank: 94
QVAL Sharpe Ratio Rank: 94
QVAL Sortino Ratio Rank: 95
QVAL Omega Ratio Rank: 92
QVAL Calmar Ratio Rank: 96
QVAL Martin Ratio Rank: 94

MOOD

MOOD Risk / Return Rank: 84
MOOD Sharpe Ratio Rank: 89
MOOD Sortino Ratio Rank: 80
MOOD Omega Ratio Rank: 90
MOOD Calmar Ratio Rank: 85
MOOD Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QVAL vs. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.

	QVAL	MOOD	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.14	+0.47
Sortino ratio: Return per unit of downside risk	3.92	2.57	+1.35
Omega ratio: Gain probability vs. loss probability	1.44	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	6.18	3.23	+2.95
Martin ratio: Return relative to average drawdown	19.14	9.79	+9.36

QVAL vs. MOOD - Sharpe Ratio Comparison

The current QVAL Sharpe Ratio is 2.60, which is comparable to the MOOD Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of QVAL and MOOD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QVAL vs. MOOD - Drawdown Comparison

The maximum QVAL drawdown since its inception was -51.49%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for QVAL and MOOD.

Drawdown Indicators

	QVAL	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-51.49%	-14.34%	-37.15%
Max Drawdown (1Y) Largest decline over 1 year	-6.04%	-9.71%	+3.67%
Max Drawdown (3Y) Largest decline over 3 years	-21.41%	-9.71%	-11.70%
Max Drawdown (5Y) Largest decline over 5 years	-27.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.49%	—	—
Current Drawdown Current decline from peak	-1.04%	-2.08%	+1.04%
Average Drawdown Average peak-to-trough decline	-7.69%	-2.30%	-5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.20%	-1.25%

Volatility

QVAL vs. MOOD - Volatility Comparison

Alpha Architect U.S. Quantitative Value ETF (QVAL) has a higher volatility of 3.51% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 2.45%. This indicates that QVAL's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVAL	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	2.45%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	12.23%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	14.34%	14.69%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.56%	12.09%	+9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	12.09%	+10.61%

QVAL vs. MOOD - Expense Ratio Comparison

QVAL has a 0.28% expense ratio, which is lower than MOOD's 0.73% expense ratio.

Dividends

QVAL vs. MOOD - Dividend Comparison

QVAL's dividend yield for the trailing twelve months is around 1.42%, more than MOOD's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QVAL Alpha Architect U.S. Quantitative Value ETF	1.42%	1.44%	1.72%	1.76%	2.00%	1.23%	1.86%	1.99%	1.64%	1.08%	1.30%

Frequently Asked Questions

Can I hold both QVAL and MOOD in my portfolio?

QVAL and MOOD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QVAL or MOOD?

QVAL has higher volatility (3.51%) compared to MOOD (2.45%). In terms of maximum drawdown, QVAL dropped -51.49% vs MOOD's -14.34%.

Which ETF is better, QVAL or MOOD?

On 3-year performance, MOOD leads with 19.14% vs 18.55% for QVAL. On fees, QVAL is cheaper at 0.28% per year. On volatility, MOOD has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QVAL or MOOD?

Over the 3-year period, MOOD has performed better with a 19.14% return vs 18.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QVAL or MOOD?

QVAL is cheaper with a 0.28% expense ratio, compared with 0.73% for MOOD.

Which ETF pays a higher dividend yield, QVAL or MOOD?

QVAL has the higher dividend yield at 1.42%, compared with 0.36% for MOOD.

What is the main difference between QVAL and MOOD?

QVAL is categorized as Mid Cap Value Equities, while MOOD is Tactical Allocation. Their fees differ too: 0.28% for QVAL and 0.73% for MOOD.

Which has better risk-adjusted returns?

QVAL currently has the higher Sharpe Ratio (2.60 vs 2.14), 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.