- Issuer
- FPA
- Inception Date
- Jun 13, 2002
- Category
- Small Cap Value Equities
- Index Tracked
- Russell 2000 Value
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
QRSVX Performance Chart
FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) is up 26.1% since the beginning of the year. QRSVX is currently trading at $53 per share. Investors who bought $1,000 worth of QRSVX shares 5 years ago would now be looking at an investment worth $1,810.
Loading charts...
Returns By Period
FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) has returned 26.06% so far this year and 39.26% over the past 12 months.
FPA Queens Road Small Cap Value Fund Investor Class
- 1D
- 1.54%
- 1M
- 4.28%
- YTD
- 26.06%
- 6M
- 23.35%
- 1Y
- 39.26%
- 3Y*
- 20.90%
- 5Y*
- 12.60%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QRSVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 14, 2020, QRSVX's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Oct 2022 with a return of +11.2%, while the worst month was Sep 2022 at -9.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QRSVX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Apr 3, 2025 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.62% | 4.47% | -3.87% | 10.50% | 4.07% | 3.35% | 26.06% | ||||||
| 2025 | 4.31% | -2.68% | -3.96% | -2.29% | 7.08% | 3.79% | 2.78% | 4.29% | 0.25% | -2.30% | 3.00% | -0.98% | 13.37% |
| 2024 | -1.73% | 3.58% | 1.54% | -4.95% | 5.81% | -3.18% | 7.32% | 0.15% | 0.00% | -0.58% | 9.82% | -6.25% | 10.72% |
| 2023 | 7.84% | -2.47% | -4.25% | -2.80% | 0.47% | 6.69% | 3.62% | -1.61% | -4.12% | -3.91% | 7.49% | 9.53% | 16.04% |
| 2022 | -3.81% | 0.65% | -0.06% | -6.53% | 2.50% | -7.58% | 7.00% | -2.62% | -9.52% | 11.20% | 4.67% | -3.35% | -9.14% |
| 2021 | 0.69% | 7.08% | 5.05% | 1.69% | 1.72% | -0.84% | -0.62% | 2.06% | -3.89% | 2.74% | 1.81% | 3.99% | 23.16% |
Benchmark Metrics
FPA Queens Road Small Cap Value Fund Investor Class has an annualized alpha of 2.93%, beta of 0.84, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since December 14, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.40%) than losses (78.89%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.93% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.93%
- Beta
- 0.84
- R²
- 0.65
- Upside Capture
- 85.40%
- Downside Capture
- 78.89%
Expense Ratio
QRSVX has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
QRSVX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QRSVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.78 | +2.20 |
| Martin ratioReturn relative to average drawdown | 17.59 | 12.44 | +5.15 |
Dividends
Dividend History
FPA Queens Road Small Cap Value Fund Investor Class provided a 3.53% dividend yield over the last twelve months, with an annual payout of $1.88 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.88 | $1.88 | $1.89 | $0.95 | $0.68 | $0.61 |
Dividend yield | 3.53% | 4.45% | 4.86% | 2.56% | 2.07% | 1.66% |
Monthly Dividends
The table displays the monthly dividend distributions for FPA Queens Road Small Cap Value Fund Investor Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.88 | $1.88 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.61 | $0.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FPA Queens Road Small Cap Value Fund Investor Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FPA Queens Road Small Cap Value Fund Investor Class was 20.59%, occurring on Sep 30, 2022. Recovery took 302 trading sessions.
The current FPA Queens Road Small Cap Value Fund Investor Class drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.59%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -18.91%Apr 2025 | 4mo 4d | 2mo 24d | 6mo 28dDec 2024 - Jul 2025 |
2026 pullback2026 | -7.93%Mar 2026 | 25d | 19d | 1mo 14dFeb 2026 - Apr 2026 |
2024 pullback2024 | -7.23%Apr 2024 | 16d | 27d | 1mo 13dApr 2024 - May 2024 |
2021 pullback2021 | -6.96%Jul 2021 | 1mo 10d | 3mo 16d | 4mo 26dJun 2021 - Nov 2021 |
Drawdown Indicators
| QRSVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.59% | -56.78% | +36.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.93% | -9.10% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -18.91% | -18.90% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -25.43% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.80% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -10.71% | +5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.03% | +0.21% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with QRSVX
Add FPA Queens Road Small Cap Value Fund Investor Class to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with QRSVX