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QVALvsPAPIETF Comparison

ETF 1

QVAL

Alpha Architect U.S. Quantitative Value ETF

This fund is part of

US Multi-Factor

+1.03%

Full QVAL fund page

VS

ETF 2

PAPI

Parametric Equity Premium Income ETF

This fund is part of

Options Strategies

+0.69%

Full PAPI fund page

Alpha Architect U.S. Quantitative Value ETF (QVAL) belongs to the US Multi-Factor segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. QVAL's top 3 sector exposures are Consumer Discretionary, Industrials and Information Technology. In contrast, PAPI's top sector exposures are Information Technology, Consumer Discretionary and Energy. QVAL is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.29% for PAPI. QVAL is up 14.2% year-to-date (YTD) with +$25M in YTD flows. PAPI performs worse with 5.81% YTD performance, and +$119M in YTD flows. Run a side-by-side ETF comparison of QVAL and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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QVAL vs PAPI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/18/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	QVAL PAPI	+4.09%+1.12%	+9.42%-0.51%	+14.20%+5.81%	+29.27%+12.56%	+73.43%n/a	+84.42%n/a
Flows	QVAL PAPI	+$6M+$15M	+$12M+$68M	+$25M+$119M	+$50M+$172M	+$117M-	+$150M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	QVAL PAPI	+15.87%+8.99%	+14.87%+10.30%	+17.44%n/a	+21.67%n/a
Max drawdown	QVAL PAPI	-4.51%-4.77%	-5.94%-6.88%	-21.39%n/a	-27.03%n/a
Max drawdown duration	QVAL PAPI	32d71d	56d108d	302dn/a	653dn/a

Trading data

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	QVAL	PAPI
Last sale 6/18/2026 at 1:30 PM	$55.45	$26.50
Previous close 06/18/2026	$55.20	$26.38
Consolidated volume 06/18/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 6/18/2026 at 1:30 PM

Live

Closed

	QVAL	PAPI
Last price	$55.45	$26.50
1D performance	+0.45%	+0.45%
AuM	$530.25 M	$394.25 M
E/R	0.28%	0.29%

Characteristics

	QVAL	PAPI
Management strategy	Active	Active
Provider	Alpha Architect	Morgan Stanley
Benchmark	-	-
N° of holdings	49	179
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	October 22, 2014	October 19, 2023
ESG	No	No

More QVAL data on Trackinsight

More PAPI data on Trackinsight

Exposure

Countries

QVAL

USA

95.73%

Other

4.27%

PAPI

USA

86.23%

Other

13.77%

Sectors

QVAL

Consumer Discreti.

32.77%

Industrials

16.89%

Information Techn.

14.28%

Health Care

9.5%

Materials

7.69%

Other

18.87%

PAPI

Information Techn.

11.9%

Consumer Discreti.

10.61%

Energy

9.79%

Industrials

9.74%

Health Care

9.62%

Utilities

9.41%

Other

38.93%

Diversification

QVAL

Total weight of top 15 holdings out of 15

33.29%

PAPI

Total weight of top 15 holdings out of 15

9.44%

Top 15 holdings

Data as of April 30, 2026

QVAL

TD SYNNEX

2.66%

MUELLER INDUSTRIES

2.37%

MASCO

2.36%

D R HORTON

2.25%

URBAN OUTFITTERS

2.24%

QUALCOMM

2.21%

ALLISON TRANSMISSION HOLDINGS

2.21%

ZOOM VIDEO COMMUNICATIONS INC

2.18%

MACYS

2.13%

UNITED PARCEL SERVICE-CL

2.13%

DECKERS OUTDOOR

2.12%

PULTEGROUP

2.11%

TOLL BROTHERS

2.11%

YETI HOLDINGS INC

2.11%

CARNIVAL

2.10%

PAPI

PATTERSON UTI

0.71%

TD SYNNEX

0.67%

INTERNATIONAL SEAWAYS

0.66%

US71424F1057

0.66%

TARGET

0.65%

ROYALTY PHARMA

0.64%

TEXAS INSTRUMENTS

0.63%

CUMMINS

0.63%

GB00BMXNWH07

0.63%

AVNET

0.62%

ANALOG DEVICES

0.60%

CORNING

0.60%

VALERO ENERGY

0.59%

ALPHABET INC-CL

0.58%

POWER INTEGRATIONS

0.57%

Frequently asked questions about QVAL and PAPI

How have the QVAL and PAPI ETFs performed in 2026?

As of June 18, 2026, QVAL is up 14.2% year-to-date (YTD), while PAPI has returned 5.81%. That puts QVAL better performer ahead so far this year.

Which ETF is attracting more investor money: QVAL or PAPI?

Year-to-date, the QVAL ETF saw +$25M in flows, compared to +$119M for PAPI.

Which ETF is more volatile: QVAL or PAPI?

Over the past year, QVAL had a volatility of 14.87%, while PAPI experienced 10.3%.

Which ETF is bigger: QVAL or PAPI?

As of June 18, 2026, QVAL holds $530.25 M in assets under management (AUM), while PAPI manages $394.25 M.

What sectors do the QVAL and PAPI ETFs invest in?

QVAL leans toward sectors like Consumer Discretionary, Industrials and Information Technology. Meanwhile, PAPI focuses on Information Technology, Consumer Discretionary and Energy.

What are the top holdings of the QVAL ETF and PAPI ETF?

QVAL top holdings include TD SYNNEX, MUELLER INDUSTRIES and MASCO. PAPI holds in its top three: PATTERSON UTI, TD SYNNEX and INTERNATIONAL SEAWAYS.

Which ETF is more diversified: QVAL or PAPI?

QVAL holds 50 securities with 33.29% of its assets in the top 15. PAPI has 183 securities and a top 15 weight of 9.44%.

Three Things You Need to Know Before Investing in an Active ETF

September 5, 2024

QVAL

QVALvsPAPIETF Comparison

Alpha Architect U.S. Quantitative Value ETF

Parametric Equity Premium Income ETF

QVAL vs PAPI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the QVAL and PAPI ETFs performed in 2026?

As of June 18, 2026, QVAL is up 14.2% year-to-date (YTD), while PAPI has returned 5.81%. That puts QVAL better performer ahead so far this year.

Which ETF is attracting more investor money: QVAL or PAPI?

Year-to-date, the QVAL ETF saw +$25M in flows, compared to +$119M for PAPI.

Which ETF is more volatile: QVAL or PAPI?

Over the past year, QVAL had a volatility of 14.87%, while PAPI experienced 10.3%.

Which ETF is bigger: QVAL or PAPI?

As of June 18, 2026, QVAL holds $530.25 M in assets under management (AUM), while PAPI manages $394.25 M.

What sectors do the QVAL and PAPI ETFs invest in?

QVAL leans toward sectors like Consumer Discretionary, Industrials and Information Technology. Meanwhile, PAPI focuses on Information Technology, Consumer Discretionary and Energy.

What are the top holdings of the QVAL ETF and PAPI ETF?

QVAL top holdings include TD SYNNEX, MUELLER INDUSTRIES and MASCO. PAPI holds in its top three: PATTERSON UTI, TD SYNNEX and INTERNATIONAL SEAWAYS.

Which ETF is more diversified: QVAL or PAPI?

QVAL holds 50 securities with 33.29% of its assets in the top 15. PAPI has 183 securities and a top 15 weight of 9.44%.

Three Things You Need to Know Before Investing in an Active ETF

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