IVAL vs VOO
Alpha Architect International Quantitative Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. IVAL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVAL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | $217M | $979.0B | |
| Dividend Yield | 2.77% | 1.09% | |
| Holdings | 54 | 509 | |
| YTD Return | +17.43% | +13.72% | |
| 1Y Return | +27.51% | +21.63% | |
| 3Y Return (annualized) | +19.24% | +21.55% | |
| 5Y Return (annualized) | +10.27% | +13.26% | |
| Volatility (annualized) | 17.4% | 14.1% | |
| Max Drawdown | -49.2% | -34.3% | |
| Fund Family | Alpha Architect | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 16, 2014 | Sep 7, 2010 |
IVAL vs VOO Performance
Alpha Architect International Quantitative Value ETF (IVAL) is a ETF from Alpha Architect and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IVAL returned +27.51% while VOO returned +21.63%. Year to date, IVAL is up 17.43% versus a gain of 13.72% for VOO.
Over three years, IVAL compounded at +19.24% per year against +21.55% for VOO; over five years the annualized figures are +10.27% and +13.26% respectively. Across the full 12-year window we track, VOO has the edge at +13.56% annualized vs +5.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVAL has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -49.2% for IVAL and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVAL charges 0.38% per year while VOO charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period. On income, IVAL currently yields 2.77% against 1.09% for VOO.
Holdings Overlap
IVAL and VOO share 0 holdings out of 555 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVAL or VOO?
IVAL has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IVAL or VOO?
Over the past year IVAL returned +27.51% vs +21.63% for VOO, so IVAL leads on 1-year performance. Over the longest common window we track (12 years), IVAL annualized +5.48% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, IVAL or VOO?
IVAL has been the more volatile fund at 17.4% annualized versus 14.1% for VOO. Worst drawdown: IVAL -49.2% vs VOO -34.3%.
Should I hold both IVAL and VOO?
IVAL and VOO have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVAL and VOO?
IVAL and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 555 unique securities.
Which pays a higher dividend, IVAL or VOO?
IVAL yields 2.77% while VOO yields 1.09%, so IVAL currently pays the higher dividend yield.
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