Alpha Architect International Quantitative Value ETF
$36.47+0.21 (+0.58%)
- 0.38%
- $221M
- +26.9%
- 2.88%
- 0M sh
- $36.17
- low $29.29high $37.52
The ETF.net IVAL Grade
D
Score 32 out of 100
- 12 of 12
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D29 out of 100Rank 9 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 7 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F19 out of 100Rank 10 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D37 out of 100Rank 10 of 12Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C42 out of 100Rank 9 of 12
Our read on IVAL
DMost international value ETFs spread a mild tilt across hundreds of names. IVAL goes the other way: about 50 stocks, screened for value by Alpha Architect's own index, running since 2014.
The Fund seeks to track, before fees and expenses, the total return of the Alpha Architect International Quantitative Value Index.
Why people hold it
- Concentrated by design. Holding roughly 50 names means the value screen actually shapes the portfolio instead of being watered down across hundreds of positions.
- One rulebook, one shop. Alpha Architect wrote the index it tracks, so the value methodology and the fund come from the same source rather than a licensed third-party screen.
- Launched in December 2014, so this is a live decade-plus record of the strategy in international markets, not a backtest.
- Pays distributions quarterly, the standard cadence for equity funds in this corner of the market.
Worth knowing
- The 0.38% fee sits above the typical international value fund, and cheaper options cover overlapping ground: FIVA at 0.18%, DFIV at 0.27%, EFV at 0.31%.
- Thinly traded compared with the big names in its category, so the bid-ask spread is a real part of the cost, particularly on larger orders.
- Concentration cuts both ways. With about 50 holdings, individual stocks and country exposures move results far more than they would in a broad index fund.
IVAL Holdings
- Stocks
- 53
- 21%
- FRO
Sectors
- Materials27.9%
- Energy19.9%
- Consumer Discretionary18.2%
- Industrials10.0%
- Health Care8.0%
- Consumer Staples6.0%
- Technology4.0%
- Utilities2.0%
- Real Estate2.0%
- Communication2.0%
Geography
- Japan40.27%
- Australia15.48%
- Norway8.11%
- Germany7.53%
- Sweden4.15%
- Spain3.95%
- Denmark3.86%
- Cyprus2.39%
- 14.27%
Developed 98% · Emerging 2%
IVAL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IVAL$12,688
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IVAL |
|---|---|
| Year to date | +17.7% |
| 1 month | −2.1% |
| 3 months | +4.3% |
| 1 year | +26.9% |
| 3 years | +19.9% |
| 5 years | +11.4% |
| 10 years | +7.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IVAL |
|---|---|---|
| 2026 YTD | +17.7% | |
| 2025 | +34.9% | |
| 2024 | −0.7% | |
| 2023 | +20.6% | |
| 2022 | −10.1% | |
| 2021 | −0.2% | |
| 2020 | −4.9% |
IVAL in the news
IVAL Dividends
- 2.88%
- $1.04
- $0.21 per share
- Quarterly
Distribution history
IVAL Risk
- 13.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.03
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.79
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IVAL Cost
0.38%
IVAL0.38%
- The middle half of International Value Index funds
- Median 0.31%
8 of the 12 International Value Index funds charge less.
Other funds in International Value Index
- BIVLUiShares MSCI Intl Value Factor ETFExpense ratio 0.31%1 year return +25.9%
- BVDVVanguard World Fund - Vanguard Developed Markets Ex-US Value Index ETFExpense ratio 0.08%1 year return —
- CICOWPacer Developed Markets International Cash Cows 100 ETFExpense ratio 0.65%1 year return +22.1%
- CAVNVAvantis All International Markets Value ETF 9Expense ratio 0.34%1 year return +23.9%
- DDSTXDistillate International Fundamental Stability & Value ETFExpense ratio 0.55%1 year return +19.2%