QVAL alternatives and similar ETFs

QVAL alternatives at a glance#

Each fund below can stand in for QVAL, closest first. “Related” funds make a different bet that often moves the same way.

Fees come from each fund company, checked on the dates shown on each fund’s page.

How QVAL and its alternatives did over the same dates#

Each row measures the alternative and QVAL on the days both traded, so neither gets a head start. Correlation shows how closely their daily moves matched over about the last five years. A value of 1 means they always moved together.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

Each QVAL alternative, compared#

VBR: Vanguard Morningstar Small-Cap Value ETF#

VBR is a looser match. It holds small US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.05% a year, about $5 on $10,000, against $28 for QVAL. It held 820 stocks, against 50 for QVAL.

From October 2014 to October 2026, VBR returned about 9.8% a year and QVAL returned about 9.7% a year. Over about the last five years they moved together on most days (correlation 0.90).

Read the VBR fund page for its returns by year and worst drop.

IJS: iShares S&P Small-Cap 600 Value ETF#

IJS is a looser match. It holds small US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.18% a year, about $18 on $10,000, against $28 for QVAL. It held 480 stocks, against 50 for QVAL.

From October 2014 to October 2026, IJS returned about 9.2% a year and QVAL returned about 9.7% a year. Over about the last five years they moved together on most days (correlation 0.86).

Read the IJS fund page for its returns by year and worst drop.

IWD: iShares Russell 1000 Value ETF#

IWD is a looser match. It holds large US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.18% a year, about $18 on $10,000, against $28 for QVAL. It held 870 stocks, against 50 for QVAL.

From October 2014 to October 2026, IWD returned about 10.7% a year and QVAL returned about 9.7% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the IWD fund page for its returns by year and worst drop.

IWN: iShares Russell 2000 Value ETF#

IWN is a looser match. It holds small US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.24% a year, about $24 on $10,000, against $28 for QVAL. It held 1,410 stocks, against 50 for QVAL.

From October 2014 to October 2026, IWN returned about 8.9% a year and QVAL returned about 9.7% a year. Over about the last five years they moved together on most days (correlation 0.85).

Read the IWN fund page for its returns by year and worst drop.

SCHV: Schwab U.S. Large-Cap Value ETF#

SCHV is a looser match. It holds large US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.04% a year, about $4 on $10,000, against $28 for QVAL. It held 555 stocks, against 50 for QVAL.

From October 2014 to October 2026, SCHV returned about 10.6% a year and QVAL returned about 9.7% a year. Over about the last five years they often moved together, but not always (correlation 0.84).

Read the SCHV fund page for its returns by year and worst drop.

VTV: Vanguard Morningstar Value ETF#

VTV is a looser match. It holds large US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.03% a year, about $3 on $10,000, against $28 for QVAL. It held 298 stocks, against 50 for QVAL.

From October 2014 to October 2026, VTV returned about 11.8% a year and QVAL returned about 9.7% a year. Over about the last five years they often moved together, but not always (correlation 0.83).

Read the VTV fund page for its returns by year and worst drop.

IVE: iShares S&P 500 Value ETF#

IVE is a looser match. It holds large US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.18% a year, about $18 on $10,000, against $28 for QVAL. It held 436 stocks, against 50 for QVAL.

From October 2014 to October 2026, IVE returned about 10.9% a year and QVAL returned about 9.7% a year. Over about the last five years they often moved together, but not always (correlation 0.83).

Read the IVE fund page for its returns by year and worst drop.

SPYV: State Street SPDR Portfolio S&P 500 Value ETF#

SPYV is a looser match. It holds large US companies that look cheap compared with their earnings and assets, while QVAL holds a small set of US stocks picked by rules for looking cheap.

It charges 0.04% a year, about $4 on $10,000, against $28 for QVAL. It held 435 stocks, against 50 for QVAL.

From October 2014 to October 2026, SPYV returned about 11.0% a year and QVAL returned about 9.7% a year. Over about the last five years they often moved together, but not always (correlation 0.82).

Read the SPYV fund page for its returns by year and worst drop.

QVAL versions from other fund companies#

Some people keep all their funds with one company. Here is the closest fund to QVAL from each other company on this page:

• Vanguard: VBR, Vanguard Morningstar Small-Cap Value ETF (related fund, 0.05% a year)
• iShares (BlackRock): IJS, iShares S&P Small-Cap 600 Value ETF (related fund, 0.18% a year)
• Schwab: SCHV, Schwab U.S. Large-Cap Value ETF (related fund, 0.04% a year)
• SPDR (State Street): SPYV, State Street SPDR Portfolio S&P 500 Value ETF (related fund, 0.04% a year)

Most brokers let you buy any ETF, whoever runs it. Mutual fund versions, such as a fund company’s index mutual fund, are not listed here.

How to choose between QVAL and its alternatives#

• What it tracks. A fund on the same index holds the same stocks. A different index can mean different weights, more or fewer holdings, or a different mix.
• The fee. The difference is often small. On $10,000, QVAL costs about $28 a year. VTV costs about $3.
• History. An older fund has been through more bad markets, so you can see how far it fell.
• What you already own. Two funds that move together add little variety. A fund with a low correlation behaves more on its own.

Swapping QVAL to harvest a tax loss#

Some investors sell a fund at a loss to lower their taxes, then buy a similar fund so they stay invested. This is called tax-loss harvesting.

The IRS wash sale rule blocks the loss if you buy a “substantially identical” security within 30 days before or after the sale. The IRS has not said exactly when two funds count. Funds on the same index are more likely to. Funds on a different index, such as VBR, IJS or IWD, are less likely to.

Ask a tax professional before you rely on this. Read the IRS rules in Publication 550.

Test QVAL and its alternatives in a backtest#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add QVAL and VBR, and see how each would have done on the same dates, or how a mix of both would have done.

The details#

Alternatives are picked from facts, not from returns. First come funds that track the same index as QVAL. Then come funds that hold the same kind of stocks through another index. Last come funds from a close category that make a different bet. Leveraged funds are only listed as alternatives to other leveraged funds.

Within each group, the funds whose daily returns moved most like QVAL over about the last five years come first. Returns and worst drops use Tactfolio’s stored daily prices, adjusted for splits, with dividends reinvested. Each alternative is measured with QVAL only on days both traded. Read what a backtest simulates for more on these measures.