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QVAL

GradeANASDAQ Global Market

Alpha Architect U.S. Quantitative Value ETF

Active Equity · Alpha Architect · Inception 2014-10-21 · SEC filings

$59.36−0.35 (−0.59%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 59.71 to 59.36. Range 59.27 to 59.69. Use the arrow keys to read each point.$59.30$59.50$59.60$59.7010 AM12 PM2 PM4 PM
Expense ratio
0.28%
Fund size
$614M
1Y return
+29.8%
Yield · Last 12 months
1.07%
Holdings
50
Volume · 30D
0M sh
NAV per share
$59.75
52W range
low $44.98high $62.73

The ETF.net QVAL Grade

A

75/ 100

Rank 7 of 66 in US Active Value

Confidence High

Six-pillar profile for QVAL. Scores out of 100: Cost 86, Risk 56, Mission 51, Tradability 77, Holdings 70, Durability 81. Strongest: Cost (86). Weakest: Mission (51). Leans toward Cost and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 86
    Category rank11/66 · top 17%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 51
    Category rank27/27 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 56
    Category rank29/62 · top 47%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 77
    Category rank10/66 · top 15%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank20/66 · top 30%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    Category rank8/66 · top 12%

Graded as of Sep 22, 2026

Our read on QVAL

ETF.net Research

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

  1. 010.28% a year against a 0.55% median for active US value funds. Cheap for a specialist quant strategy.
  2. 02About 50 names, screened on cheapness and quality together. A real bet, not a closet index in value clothing.
  3. 03Live since 2014, so the record spans value's long drought and its recoveries rather than a backtest.
  4. 04Top 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

  1. 01Thinly traded next to the category's giants, so spreads can widen and limit orders matter more than with a mega-fund.
  2. 02Concentration cuts both ways. Roughly 50 deep-value names can drift far from the broad market, in either direction, for long stretches.
  3. 03The stated goal is long-term capital growth, with distributions paid quarterly rather than monthly.

QVAL Holdings

As of Sep 16, 2026, 6:06 AM
Asset class
Stocks
Holdings
50
Top-10 weight
22%
Largest holding
BBY2.3%

Sectors

  • Consumer Discr.22.3%
  • Health Care20.0%
  • Energy19.4%
  • Materials10.1%
  • Cons. Staples7.6%
  • Industrials7.3%
  • Communication6.1%
  • Technology5.9%
  • Utilities1.3%

Geography

  • United States98.07%
  • Ireland1.93%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BBYBest Buy Co Inc2.30%154,462$14M330
002HPQHP Inc2.23%412,143$14M330
003VLOValero Energy Corp2.21%34,757$14M395
004DINOHF Sinclair Corp2.19%121,749$14M232
005MPCMarathon Petroleum Corp2.18%33,194$14M391
006APAAPA Corp2.16%284,359$13M283
007PSXPhillips 662.13%50,302$13M368
008SNXTD SYNNEX Corp2.11%50,232$13M230
009ANTMELEVANCE HEALTH INC2.09%31,369$13M201
010COPConocoPhillips2.09%92,544$13M425
011EOGEOG Resources Inc2.08%84,749$13M397
012DALDelta Air Lines Inc2.08%164,990$13M339
013CICigna Group/The2.07%44,769$13M360
014TAT&T Inc2.06%481,553$13M415
015UALUnited Airlines Holdings Inc2.06%120,402$13M296

Showing 1–15 of 52 holdings

QVAL Performance

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

QVAL$12,981
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. QVAL $12,981. SPY $11,723. Use the arrow keys to read each point.$9,207$11,559$13,912Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+23.3%
1 month−4.2%
3 months+8.1%
1 year+29.8%
3 years+19.7%per year
5 years+13.4%per year
10 years+11.8%per year

As of the close, 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+23.3%
2025+11.0%
2024+12.2%
2023+28.4%
2022−11.8%
2021+34.4%
2020−5.9%

QVAL in the news

ETF.net Research hasn’t filed on QVAL yet — coverage lands here as it’s written.

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 Sep 22, 2026.
1.07%Last 12 months
Payout per share
$0.64Last 12 months
Last payment
$0.19 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. 38 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. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
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
Sep 27, 2023Sep 29, 2023$0.14

QVAL Risk

How much the fund’s monthly returns vary, scaled to a year.
14.0%
Annualised · 36 months to Aug 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.
1.06
vs 3-month T-bills · to Aug 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.

QVAL Cost

Expense ratio0.28%
  • The middle half of US Active Value funds
  • Median 0.55%

8 of the 66 US Active Value funds charge less.

QVAL costs $28.00 a year on $10,000. The median US Active Value fund costs $55.00.