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Launched · SEC filings

Alpha Architect U.S. Quantitative Value ETF

QVALNasdaqAlpha ArchitectA

$64.57+0.03 (+0.05%)

At close: Nov 2, 2026, 4:00 PM ET

A77/ 100

Rank 7 of 66 in US Active Value

A77/100Rank 7 of 66inUS Active Value
Intraday session: up, 79 prints from 64.54 to 64.57. Range 64.57 to 64.98. Use the arrow keys to read each point.64.7064.8064.9065.0010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$721M
1Y total return
+42.2%
Yield · Last 12 months
1.36%
Holdings
52
Avg volume · 30D
42.8K sh
52W range
low $45.32high $65.02
Launched
Filings
SEC EDGAR

The ETF.net QVAL Grade

A

Score 77 out of 100

Category
US Active Value⁠
Rank
7 of 66
Six-pillar profile for QVAL. Scores out of 100: Cost 85, Risk 58, Mission 53, Tradability 85, Holdings 68, Durability 84. Strongest: Cost (85). Weakest: Mission (53). No single pillar leads.

Score 77 of 100 falls in the A 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.
    A85 out of 100
    Rank 10 of 66

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C53 out of 100
    Rank 27 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 25 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A85 out of 100
    Rank 6 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 24 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 6 of 66

Our read on QVAL

ETF.net Research

In short

ADeep value with no hedging: about 50 US stocks chosen by a rules-based quality-and-value screen, run by a boutique quant shop since 2014, at roughly half the fee of the typical active value fund.

Stated mandate

The fund aims to grow investors' capital over the long term.

Why people hold it

  • 0.28% a year against a 0.55% median for active US value funds. Cheap for a specialist quant strategy.
  • About 50 names, screened on cheapness and quality together. A real bet, not a closet index in value clothing.
  • Live since 2014, so the record spans value's long drought and its recoveries rather than a backtest.
  • Top quartile of its US value peer group in our review, and it undercuts ITAN, the other fund drawn from the same Solactive US 1000 universe, on fee.

Worth knowing

  • Thinly traded next to the category's giants, so spreads can widen and limit orders matter more than with a mega-fund.
  • Concentration cuts both ways. Roughly 50 deep-value names can drift far from the broad market, in either direction, for long stretches.
  • The stated goal is long-term capital growth, with distributions paid quarterly rather than monthly.

QVAL Performance

Launched Oct 21, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QVAL$14,223
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. QVAL $14,223. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for QVAL. Periods over one year show the average yearly return.
PeriodQVAL
Year to date+33.9%
1 month+9.5%
3 months+10.9%
1 year+42.2%
3 yearsper year+22.8%
5 yearsper year+14.1%
10 yearsper year+13.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QVAL
YearReturn barQVAL
2026 YTD+33.9%
2025+11.0%
2024+12.2%
2023+28.4%
2022−11.8%
2021+34.4%
2020−5.9%

QVAL in the news

QVAL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
1.36%Last 12 months
Payout per share
$0.88Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 20, 2017 $0.07; Jun 19, 2017 $0.08; Sep 18, 2017 $0.07; Dec 27, 2017 $0.11; Mar 19, 2018 $0.05; Jun 18, 2018 $0.10; Sep 17, 2018 $0.08; Dec 27, 2018 $0.18; Mar 18, 2019 $0.09; Jun 17, 2019 $0.15; Sep 16, 2019 $0.13; Dec 30, 2019 $0.25; Mar 16, 2020 $0.07; Jun 15, 2020 $0.13; Sep 14, 2020 $0.06; Dec 30, 2020 $0.27; Mar 15, 2021 $0.10; Jun 14, 2021 $0.04; Sep 13, 2021 $0.04; Dec 30, 2021 $0.28; Mar 14, 2022 $0.06; Jun 13, 2022 $0.20; Sep 12, 2022 $0.10; Dec 29, 2022 $0.29; Mar 29, 2023 $0.18; Jun 28, 2023 $0.20; Sep 27, 2023 $0.14; Dec 20, 2023 $0.19; Mar 13, 2024 $0.14; Jun 20, 2024 $0.27; Sep 12, 2024 $0.15; Dec 24, 2024 $0.21; Mar 13, 2025 $0.10; Jun 13, 2025 $0.17; Sep 12, 2025 $0.19; Dec 23, 2025 $0.24; Mar 30, 2026 $0.21; Jun 29, 2026 $0.19; Sep 28, 2026 $0.24. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.24
Jun 29, 2026Jun 30, 2026$0.19
Mar 30, 2026Mar 31, 2026$0.21
Dec 23, 2025Dec 24, 2025$0.24
Sep 12, 2025Sep 15, 2025$0.19
Jun 13, 2025Jun 16, 2025$0.17
Mar 13, 2025Mar 14, 2025$0.10
Dec 24, 2024Dec 31, 2024$0.21
Sep 12, 2024Sep 13, 2024$0.15
Jun 20, 2024Jun 21, 2024$0.27
Mar 13, 2024Mar 15, 2024$0.14
Dec 20, 2023Dec 22, 2023$0.19

See all 48 payments⁠

$10,000 in QVAL 10 years ago paid $2,641 in dividends.⁠

QVAL Risk

Risk pillarB58 out of 100Rank 25 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
14.9%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.25
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−27.1%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.69
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

QVAL Cost

Compare QVAL and WTV

Overpaying vs WTV, cheapest in US Active Value

$3,235

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QVAL 0.28%

    $5,755

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • QVAL 0.28%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530QVAL $5,755WTV $2,520

Year by year

YearQVALWTVOverpaying
10$509$220$289
20$1,976$859$1,117
30$5,755$2,520$3,235

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