QVAL
Alpha Architect US Quantitative Value ETF
ValueShares US Quantitative Value ETF is an exchange-traded fund incorporated in the USA. This is an actively managed ETF and does not track an index. The ETF holds mid to large-cap US stocks and will invest in approximately 50 of the top U.S. equity securities as determined by its quantitative value system. The ETF weights the holdings equally and follows a quarterly rebalance schedule.
US
EQUITY
Active
MANAGEMENT STYLE
434.0 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Alpha Architect LLC |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 22, 2014 |
| Assets (mns) | $434 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BRINKER INTERNATIONAL INC | 2.5 % |
| EXPEDITORS INTL WASH INC | 2.4 % |
| MERCK & CO. INC. | 2.3 % |
| EQT CORP | 2.3 % |
| YETI HOLDINGS, INC. | 2.3 % |
| COTERRA ENERGY INC. | 2.2 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 2.2 % |
| MACY'S INC | 2.2 % |
| NEWMONT MINING CORP | 2.2 % |
| GAP INC/THE | 2.2 % |
Constituent Breakdown
| Number of holdings | 50 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $35,884 |
| Large cap (>$10bn) | 69.5% |
| Mid cap ($2-10bn) | 30.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
BRITAIN | 3.8 % |
 |
IRELAND | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.9% | 2.1% | 13.5% | 11.0% | 12.2% | 7.5% | -- | 6.3% |
| Dividend Yield | 0.7% | 1.1% | 1.6% | 2.0% | 1.9% | 1.8% | -- | 1.7% |
| Total Returns | 9.5% | 3.2% | 15.1% | 13.0% | 14.2% | 9.2% | -- | 7.9% | Ann. Volatility | 21.2% | 20.7% | 18.2% | 19.3% | 21.8% | 23.0% | -- | 22.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 69% |
| MSCI EAFE | 0.89 | 52% |
| MSCI Emg Mkts | 0.74 | 40% |
Liquidity Measures
| Avg. volume (000) | 15 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.18% |
Technical Indicators
| 30d moving avg. (EMA) | $46.78 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.41/0.19 |
| Bollinger Bands (Upper/Lower) | $48.45/$45.06 |
| Short interest (% of AUM) | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QVAL |
Expenses vs. QVAL |
ALTAR Score™ vs. QVAL |
|---|---|---|---|---|
| VFLO | VictoryShares Free Cash Flow ETF | 25.8% | 0 bp | +9.9% |
| ECML | Euclidean Fundamental Value ETF | 24.4% | +56 bp | +10.2% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 20.8% | -14 bp | +12.0% |
| LYLD | Cambria Large Cap Shareholder Yield ETF | 20.4% | +20 bp | +9.7% |
| SMRI | Bushido Capital US Equity ETF | 19.9% | +32 bp | +10.0% |
| COWZ | Pacer US Cash Cows 100 ETF | 18.0% | +10 bp | +8.4% |
| BUL | Pacer US Cash Cows Growth ETF | 17.1% | +21 bp | +5.1% |
| VLUE | iShares MSCI USA Value Factor ETF | 16.9% | -24 bp | +9.2% |
| SEIV | SEI Enhanced U.S. Large Cap Value Factor ETF | 16.1% | -24 bp | +9.0% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 15.1% | +20 bp | +8.8% |
Risk and Returns: QVAL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/7/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
QVAL
10.2%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1020 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. QVAL's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places QVAL in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QVALSELL
U/W
HOLD
O/W
BUY