CEO, Alpha Architect

The Alpha Architect mission is to empower investors through education. We are a research-intensive asset management firm focused on delivering sophisticated tax-efficient active ... more

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The Massive Performance Divergence Between Large Growth And Small Value Stocks
From 2017 through 2019, the Russell 1000 Growth Index returned 20.5 percent per annum, outperforming the Russell 1000 Value Index. We observe similar evidence of growth outperforming value in international markets.
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Low Volatility-Momentum Factor Investing Portfolios
Given the attractive absolute and risk-adjusted returns of LOVM portfolios, it is surprising that currently there is no ETF on the market that offers this strategy.
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Timing Low Volatility With Factor Valuations
In this short research note, we will evaluate the relationship between the fundamental valuation of the Low Volatility factor and its subsequent returns.
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Foundations Of ESG Investing: How ESG Affects Equity Valuation, Risk, And Performance
New research provides a link between ESG information and the valuation and performance of companies, by examining three transmission channels within a standard discounted cash flow model.
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Is Active Investing Doomed As A Negative Sum Game? A Critical Review
I take a critical look at the proposition that active investing must be a losing pursuit in aggregate, as it amounts to a zero-sum game in gross terms and hence must be a negative-sum game after costs.
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Asset Allocation Vs. Factor Allocation—Can We Build A Unified Method?
There is increasing interest in the idea of allocating across factors instead of across traditional asset classes. But new research shows that combining the two paradigms in an innovative way, results in optimal allocations.
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STOCKS I FOLLOW

IWD iShares Russell 1000 Value Index Fund
VLUE iShares Trust - iShares MSCI USA Value Factor ETF
VXX iPath S&P 500 VIX Short-Term FuturesTM ETN

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ETFs Vs Mutual Funds: Who Wins? Investors.
Without question, you have heard of Exchange Traded Funds, also commonly referred to as ETFs. It’s a complex topic so I brought in the best person I know to help us break it down.

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