Alpha Architect International Quantitative Value ETF (IVAL)

How has IVAL done since 2014?#

From December 2014 to October 2026, IVAL returned about 6.7% a year. The S&P 500 returned about 13.8% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $21,509 at the end, with every dividend reinvested.

IVAL returns by month and year#

IVAL rose in 85 of its 143 months (59%). Its best month was January 2019, at 11.9%. Its worst was March 2020, at −17.1%.

How risky is IVAL compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

• Beta 0.69. When the S&P 500 moved 1% in a day, IVAL tended to move about 0.69%.
• Correlation 0.67. IVAL moved with the S&P 500 some of the time.
• Up and down months. In months the S&P 500 rose, IVAL rose 85% as much on average. In months it fell, IVAL fell 80% as much.

Is IVAL above its 200-day average?#

IVAL closed 6.1% above its 200-day average on October 16, 2026. A rule that holds IVAL only above that average would hold it today.

What was IVAL’s worst drop?#

A drawdown is how far a fund falls from its last high point. IVAL’s worst fall was −46.1%, from January 24, 2018 to March 23, 2020. It got back to that high on March 19, 2025. On October 16, 2026 it was 1.0% below its highest close.

What does IVAL hold?#

This fund owns about 50 stocks from developed countries outside the US and Canada, such as Japan and countries in Europe. A set of rules picks the ones that look cheap compared with their business profits. Its results can differ a lot from the overall international market.

It does not track an index. Its managers choose what it holds. It had 50 holdings as of October 16, 2026, according to Alpha Architect.

What is the IVAL expense ratio?#

IVAL charges 0.38% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.38% fee comes to about $38 a year. Of the 162 ETFs on Tactfolio, 15% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

Which Tactfolio strategies hold IVAL?#

2 classic strategies hold IVAL at least some of the time. Each is a set of written rules you can open, test and copy.

• Robust Asset Allocation Balanced (Alpha Architect RAA), by Wesley Gray (Alpha Architect), 2014
• Robust Asset Allocation Aggressive (Alpha Architect RAA), by Wesley Gray (Alpha Architect), 2014

How does IVAL compare with similar ETFs?#

Funds that can stand in for IVAL:

• EFV: iShares MSCI EAFE Value ETF, 0.31% a year
• SCHF: Schwab International Equity ETF, 0.03% a year
• VEA: Vanguard FTSE Developed Markets ETF, 0.03% a year
• IEFA: iShares Core MSCI EAFE ETF, 0.07% a year

See all 5 IVAL alternatives, compared on the same dates as IVAL.

Test IVAL in your own rules#

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 IVAL, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for IVAL and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Alpha Architect. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.