Value ETF Portfolios Lead Returns Through June 2026, Reaching +20%

Value ETF Portfolios Lead Performance in 2026.

Following the outstanding performance of our portfolios through the end of June 2026, we review the results of inbestMe’s Value ETF portfolios.

Our Value index portfolios have also benefited from the broad-based strength of the markets, particularly from the strong performance of Value stocks.

For illustration, year to date the MSCI World Value Index has outperformed the broader MSCI World Index by approximately 1%. Our Value portfolios have further benefited from their exposure to the U.S. Value Enhanced Index, which includes some of the companies that have delivered exceptional gains this year (such as Micron).

As of the end of June 2026, returns on the Value portfolios ranged from 4.2% for Risk Profile 1 (compared with 1.9% for the equivalent standard ETF index portfolio) to an outstanding 20.0% for Risk Profile 10 (compared with 13.3% for the equivalent standard ETF index portfolio).

The average inbestMe investor (Risk Profile 7/10) achieved an excellent return of 11.5%.

Across all risk profiles, the average return of the Value ETF portfolios reached 10.4%, representing an outperformance of 6.1 percentage points over the standard ETF portfolios, consistent with the relative strength of the Value factor mentioned above. This outperformance was particularly significant for risk profiles 7 through 10.

As a result, between 2025 and 2026, Value investors at inbestMe have finally been rewarded for their patience while waiting for mean reversion.

inbestMe’s Value ETF Portfolios Outperform Leading Value Funds in the First Half of 2026

At the end of each year, we assess the performance of the Value factor. We will repeat this analysis again at the end of 2026.

In this study, we compare the performance of our Value portfolios with some of Spain’s largest, best-known, and most widely followed Value funds.

The chart above shows that our Value 10 portfolios have consistently outperformed the benchmark Value funds we regularly use in our analyses by between 4 and 5 percentage points so far this year.

Our annual studies have consistently shown that although our portfolios are not necessarily the best performers every single year, over the long term inbestMe’s Value portfolios remain among the strongest performers while exhibiting lower volatility, as they are not subject to discretionary portfolio management decisions.

At the end of 2026, we will once again publish a more comprehensive and in-depth analysis.

Value ETF Portfolios Have Now Caught Up in Long-Term Returns

Following a strong 2025 and a positive first half of 2026 for Value investing, our Value portfolios have now largely matched the long-term returns of our standard index portfolios when measured since the inception of inbestMe’s portfolios (this analysis includes a partial backtest, as the Value portfolios were launched later, in 2018).

As shown in the chart, the annualized returns (CAGR) of the Value portfolios from January 1, 2017, through June 30, 2026, range from 1.5% for Risk Profile 1 (compared with 1.4% for the standard version) to 9.4% for Risk Profile 10 (compared with 9.3% for the standard version). As can be seen, long-term performance is now almost identical. Portfolio volatility has also gradually converged.

There is little doubt that Value investors continue to wait for the long-standing dominance of the Growth style to fade, allowing the Value factor to regain its leadership.

Time will tell whether this shift in market leadership becomes a lasting trend.