QVAL vs. QQQ
Compare and contrast key facts about Alpha Architect U.S. Quantitative Value ETF (QVAL) and Invesco QQQ ETF (QQQ).
QVAL and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
QVAL vs. QQQ - Performance Comparison
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QVAL vs. QQQ - 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% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, QVAL achieves a 7.30% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, QVAL has underperformed QQQ with an annualized return of 10.16%, while QQQ has yielded a comparatively higher 18.85% 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%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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QVAL vs. QQQ - Expense Ratio Comparison
QVAL has a 0.28% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
QVAL vs. QQQ — Risk / Return Rank
QVAL
QQQ
QVAL vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Value ETF (QVAL) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 1.05 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.85 | 1.63 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.88 | -0.17 |
Martin ratioReturn relative to average drawdown | 7.34 | 6.95 | +0.39 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 1.05 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.58 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.85 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.09 |
Correlation
The correlation between QVAL and QQQ is 0.55, 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. QQQ - Dividend Comparison
QVAL's dividend yield for the trailing twelve months is around 1.56%, more than QQQ's 0.49% 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% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
QVAL vs. QQQ - Drawdown Comparison
The maximum QVAL drawdown since its inception was -51.49%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QVAL and QQQ.
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Drawdown Indicators
| QVAL | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.49% | -82.97% | +31.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -12.62% | -1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.17% | -35.12% | +7.95% |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | -35.12% | -16.37% |
Current DrawdownCurrent decline from peak | -2.87% | -8.98% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -32.99% | +25.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.41% | -0.02% |
Volatility
QVAL vs. QQQ - Volatility Comparison
The current volatility for Alpha Architect U.S. Quantitative Value ETF (QVAL) is 4.37%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that QVAL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QVAL | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 6.51% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 12.77% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 22.67% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.64% | 22.39% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.80% | 22.25% | +0.55% |