Zacks Investment ResearchT3·33mo ago
IVAL Alpha Architect International Quantitative Value ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IVAL
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Key stats
About
Alpha Architect International Quantitative Value ETF (IVAL) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2014-12-16
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.38% prospectus, filed Jan 28, 2026
- Assets
- $224M shares × price, Oct 21, 2026
- Trailing yield
- 2.84% paid quarterly
- Average daily volume
- $650K 30 sessions
- Holdings
- 51 top 10 are 20.5%
- Listed
- Dec 16, 2014 Nasdaq
- Last fee change
- -1 bp filed Jan 28, 2026
Cost67
Liquidity27
Scale50
Diversification77
Moves with. US large-cap stocks (35% of its variance, beta 0.75); Developed markets ex-US over US (32% of its variance, beta 0.78); Gold (8% of its variance, beta 0.08); US dollar (4% of its variance, beta -0.20). These factors explain 75% of its daily moves over the last year.
Stated objective. The Alpha Architect International Quantitative Value ETF (the Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 51 holdingsFlow historySimilar fundsOverlap toolAll Developed ex-US ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$1.7M latest reported month
- Latest 3 months
- +$7.9M +3.8% of assets
- Latest 12 months
- +$13M +6.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$1.7M |
| May 2026 | +$3.5M |
| Apr 2026 | +$2.6M |
| Mar 2026 | $0 |
| Feb 2026 | $0 |
| Jan 2026 | +$4.0M |
| Dec 2025 | $0 |
| Nov 2025 | +$16K |
| Oct 2025 | +$1.5M |
| Sep 2025 | −$1.5M |
| Aug 2025 | −$120K |
| Jul 2025 | +$1.4M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago
Similar funds
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | Regis Resources Ltd | 2.11% | — | — |
| Exit | Rio Tinto Ltd | 2.09% | — | — |
| New position | Toyo Suisan Kaisha Ltd | — | 2.09% | — |
| Exit | Vault Minerals Ltd | 2.09% | — | — |
| New position | Repsol SA | — | 2.08% | — |
| New position | CyberAgent Inc | — | 2.08% | — |
| New position | Obayashi Corp | — | 2.07% | — |
| New position | Central Japan Railway Co | — | 2.05% | — |
| New position | Sony Group Corp | — | 2.03% | — |
| New position | Ono Pharmaceutical Co Ltd | — | 2.02% | — |
18 new, 18 exited, 3 increased and 6 decreased between the fund's two latest holdings reports; turnover 39.4%. Full holdings and history
ETF Profile
holdings as of 2026-06-30
Holdings
51
AUM
$226.6M
Provider
Nport
Inception
2014-12-16
Exchange
XNAS
Data As Of
2026-06-30
Expense Ratio
0.38%
Dividend Yield
2.84%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-28 | 2026-09-30 | $0.2068 | CD |
| 2026-06-29 | 2026-07-02 | $0.3985 | CD |
| 2026-03-30 | 2026-04-02 | $0.1417 | CD |
| 2025-12-23 | 2025-12-26 | $0.2975 | CD |
| 2025-09-12 | 2025-09-15 | $0.1065 | CD |
| 2025-06-13 | 2025-06-16 | $0.3965 | CD |
Asset Allocation
Top Holdings
top 50 of 51 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | First American Government Obligations Fund | 9.77% | Short-term investment | US |
| — | Toyo Suisan Kaisha Ltd | 2.09% | Equity (common) | JP |
| — | Repsol SA | 2.08% | Equity (common) | ES |
| — | CyberAgent Inc | 2.08% | Equity (common) | JP |
| — | Obayashi Corp | 2.07% | Equity (common) | JP |
| — | Central Japan Railway Co | 2.05% | Equity (common) | JP |
| — | Sony Group Corp | 2.03% | Equity (common) | JP |
| — | Fortescue Ltd | 2.02% | Equity (common) | AU |
| — | Galp Energia SGPS SA | 2.02% | Equity (common) | PT |
| — | BHP Group Ltd | 2.02% | Equity (common) | AU |
| — | OMV AG | 2.02% | Equity (common) | AT |
| — | Otsuka Corp | 2.02% | Equity (common) | JP |
| — | Equinor ASA | 2.02% | Equity (common) | NO |
| — | HENKEL AG & CO KGAA | 2.02% | Equity (preferred) | DE |
| — | Shimamura Co Ltd | 2.02% | Equity (common) | JP |
| — | Ono Pharmaceutical Co Ltd | 2.02% | Equity (common) | JP |
| — | IMPERIAL BRANDS PLC | 2.01% | Equity (common) | GB |
| — | Boliden AB | 2.01% | Equity (common) | SE |
| — | Var Energi ASA | 2.01% | Equity (common) | NO |
| — | Sekisui Chemical Co Ltd | 2.01% | Equity (common) | JP |
| — | Yara International ASA | 2.00% | Equity (common) | NO |
| — | Japan Airlines Co Ltd | 2.00% | Equity (common) | JP |
| — | Suntory Beverage & Food Ltd | 2.00% | Equity (common) | JP |
| — | Astellas Pharma Inc | 2.00% | Equity (common) | JP |
| — | Aisin Corp | 2.00% | Equity (common) | JP |
| — | Suzuki Motor Corp | 2.00% | Equity (common) | JP |
| — | Evolution AB | 1.99% | Equity (common) | SE |
| — | Komatsu Ltd | 1.99% | Equity (common) | JP |
| — | Denso Corp | 1.99% | Equity (common) | JP |
| — | Telefonaktiebolaget LM Ericsson | 1.98% | Equity (common) | SE |
| — | AKER BP ASA | 1.98% | Equity (common) | NO |
| — | Qantas Airways Ltd | 1.98% | Equity (common) | AU |
| — | Essity AB | 1.97% | Equity (common) | SE |
| — | Bridgestone Corp | 1.97% | Equity (common) | JP |
| — | Hitachi Construction Machinery Co Ltd | 1.97% | Equity (common) | JP |
| — | Subaru Corp | 1.97% | Equity (common) | JP |
| — | Eiffage SA | 1.96% | Equity (common) | FR |
| — | Tosoh Corp | 1.96% | Equity (common) | JP |
| — | Isuzu Motors Ltd | 1.96% | Equity (common) | JP |
| — | Tenaris SA | 1.95% | Equity (common) | LU |
| — | JGC Holdings Corp | 1.95% | Equity (common) | JP |
| — | Nitto Denko Corp | 1.95% | Equity (common) | JP |
| — | Buzzi SpA | 1.94% | Equity (common) | IT |
| — | Signify NV | 1.94% | Equity (common) | NL |
| — | Aurubis AG | 1.94% | Equity (common) | DE |
| — | Perseus Mining Ltd | 1.93% | Equity (common) | AU |
| — | SSAB AB | 1.93% | Equity (common) | SE |
| — | Yokohama Rubber Co Ltd/The | 1.89% | Equity (common) | JP |
| — | Sumitomo Rubber Industries Ltd | 1.89% | Equity (common) | JP |
| — | TUI AG | 1.88% | Equity (common) | DE |
Geographic Breakdown
Non-Equity Breakdown
Alpha Architect International Quantitative Value ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-26)
Net assets:
$208M
· 51 total positions
· equity 99.34%
· non-equity 9.77%
Non-equity holdings
— 1 positions,
9.77% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 9.77% | $20.3M | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.33% | -1.34% | 9.43% | 2.61% | 1.54% | 5.96% | 2.98% |
| Feb | -0.54% | -0.23% | -3.08% | 0.76% | 3.29% | 8.69% | 1.48% |
| Mar | 2.71% | 2.43% | -1.36% | 3.81% | 1.88% | -5.44% | 0.67% |
| Apr | 0.03% | -7.49% | -1.93% | -3.67% | 3.13% | 1.14% | -1.47% |
| May | 1.61% | 4.66% | -4.13% | 4.51% | 5.20% | 3.28% | 2.52% |
| Jun | -2.94% | -13.73% | 5.36% | -6.03% | -0.57% | -3.76% | -3.61% |
| Jul | -1.17% | 5.51% | 4.05% | 0.64% | -1.12% | 6.38% | 2.38% |
| Aug | -2.68% | -3.44% | -1.49% | 6.95% | 7.20% | 2.53% | 1.51% |
| Sep | -4.62% | -9.39% | -3.78% | 2.49% | 1.39% | -3.04% | -2.82% |
| Oct | 1.47% | 3.99% | -3.47% | -4.26% | -0.06% | 2.79%* | 0.08% |
| Nov | -7.93% | 10.09% | 7.09% | 0.16% | 2.00% | -- | 2.28% |
| Dec | 3.92% | -11.04% | 2.39% | -2.75% | 2.04% | -- | -1.09% |
| Total | -10.54% | -20.82% | 8.18% | 4.46% | 28.86% | 19.01% | 4.86% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $36.29
SMA 50: $36.73
SMA 200: $35.27
Current: $36.73
EMA 12: $36.49
EMA 26: $36.48
MACD: 0.0014 | Signal: 0.0876
BEARISH
ADX (14): 13.70
RANGE
+DI: 37.08
−DI: 29.09
Momentum Oscillators
RSI (14): 54.98
NEUTRAL
Stoch %K: 73.06
Stoch %D: 76.75
Williams %R: -21.58
Volume & Volatility
BB Upper: $36.96
BB Lower: $35.63
NEUTRAL
OBV: 1,254,946
Vol SMA 20: 21,381
Vol ROC: 53.23%
ATR: $0.29
True Range: $0.11
HV 20: 10.2%
HV 30: 11.0%
HV 60: 11.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: IVAL
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10)
Key Drivers:
- Technical indicators suggest a range-bound market with moderate volatility.
- Recent news headlines are neutral, not providing significant catalysts.
Primary Risks:
- Lack of clear trend direction or breakout momentum.
- Volatility has decreased, which may indicate a consolidation period.
Investment Thesis: IVAL's stock price is trapped within a narrow trading range, awaiting a catalyst to break out. With moderate volatility and a neutral sentiment, IVAL presents a balanced risk-reward profile.
Recent News Sentiment Impact: The recent news headlines are neutral, not significantly impacting the stock price. However, they do provide some context for market participants, highlighting that IVAL is part of a broader market pulse.
Technical Analysis
Trend Direction: NEUTRAL (range-bound)
Support/Resistance Levels:
- Upper Bollinger Band: $35.94
- Lower Bollinger Band: $34.33
- SMA 20: $35.14
Momentum Signals:
- RSI (14): 56.37 (neutral)
- MACD: Bullish momentum signals remain intact.
Volume Analysis: Moderate volume with a slight decrease in recent days, indicating consolidation.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines highlight general market commentary and routine announcements.
Sentiment Assessment: NEUTRAL
Catalyst Identification: No significant upcoming events or earnings releases scheduled.
Market Narrative: The neutral sentiment and lack of clear trend direction suggest a range-bound market, awaiting a catalyst to break out.
Risk & Volatility Assessment
Beta Interpretation: Moderate risk relative to the market (beta: 0.83).
Volatility Regime: Historical volatility is higher than current levels, indicating potential for increased volatility if trends emerge.
Options Market Signals: No options data available due to lack of recent activity.
Downside Protection: Support levels and risk management considerations are essential in this range-bound market.
Market Context & Positioning
Sector Performance: IVAL's sector is moderately performing, with some stocks experiencing significant moves.
Institutional Activity: Moderate institutional interest signals, indicating a balanced risk-reward profile.
Correlation Analysis: Correlation with the market (R-squared: 0.63) suggests that IVAL's performance is closely tied to broader market trends.
Relative Valuation: Position within trading range, with no clear relative value indication.
Key Levels & Action Items
Critical Price Levels:
- Support: $34.33 (lower Bollinger Band)
- Resistance: $35.94 (upper Bollinger Band)
Breakout/Breakdown Levels: No significant levels to monitor in the current range-bound market.
Time-Sensitive Catalysts: No upcoming events or earnings releases scheduled that could significantly impact the stock price.
Risk Management: Stop-loss levels and position sizing considerations are essential in this range-bound market, considering the moderate risk profile.
Please note that this analysis is based on the provided data and may not reflect actual market conditions. The report aims to provide a comprehensive overview of IVAL's technical, fundamental, and sentiment analysis, as well as highlight key levels and action items for further consideration.
Generated
News
All IVAL news →
Seeking AlphaT3·59mo ago
IVAL Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.6532
Alpha: 10.37%
Correlation: 0.5515
R-Squared: 30.4%
Stock Volatility: 15.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
IVAL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|