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ISIN
US1048261028
CUSIP
104826102
Issuer
FPA
Inception Date
Jun 13, 2002
Min. Investment
$100,000
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart


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Performance

QRVLX Performance Chart

FPA Queens Road Value Fund (QRVLX) is up 11.2% since the beginning of the year. QRVLX is currently trading at $36 per share. Investors who bought $1,000 worth of QRVLX shares 5 years ago would now be looking at an investment worth $1,673.


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S&P 500 Index

Returns By Period

FPA Queens Road Value Fund (QRVLX) has returned 11.18% so far this year and 15.45% over the past 12 months. Over the last ten years, QRVLX has returned 11.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


FPA Queens Road Value Fund

1D
0.34%
1M
2.47%
YTD
11.18%
6M
10.22%
1Y
15.45%
3Y*
15.12%
5Y*
10.84%
10Y*
11.84%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QRVLX Monthly Returns History

Based on dividend-adjusted daily data since Jan 2, 2003, QRVLX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 64% of months were positive and 36% were negative. The best month was Oct 2022 with a return of +12.8%, while the worst month was Oct 2008 at -17.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, QRVLX closed higher 53% of trading days. The best single day was Mar 13, 2020 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -11.0%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.78%0.46%-5.00%9.27%3.20%1.51%11.18%
20252.19%-0.44%-3.95%-1.15%3.39%5.79%-0.91%0.64%3.69%-1.41%-0.75%-0.78%6.08%
20242.73%5.13%4.78%-2.35%2.43%-1.11%4.35%1.89%2.66%-2.56%5.85%-5.64%18.91%
20233.37%-1.33%-0.77%0.53%-2.57%7.88%2.25%0.15%-5.16%-2.08%9.44%4.30%16.09%
2022-4.38%-2.20%2.28%-6.85%0.74%-7.30%6.64%-3.28%-7.68%12.78%5.94%-3.71%-8.85%
2021-1.57%4.00%7.80%3.86%2.31%-0.48%3.13%2.43%-4.27%5.24%-3.01%5.84%27.50%

Benchmark Metrics

FPA Queens Road Value Fund has an annualized alpha of 1.22%, beta of 0.83, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since January 02, 2003.

  • This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (88.08%) than losses (87.75%) - typical of diversified or defensive assets.

Alpha
1.22%
Beta
0.83
0.90
Upside Capture
88.08%
Downside Capture
87.75%

Expense Ratio

QRVLX has an expense ratio of 0.65%, placing it in the medium range.


Return for Risk

Risk / Return Rank

QRVLX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


QRVLX Risk / Return Rank: 2121
Overall Rank
QRVLX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
QRVLX Sortino Ratio Rank: 2020
Sortino Ratio Rank
QRVLX Omega Ratio Rank: 2020
Omega Ratio Rank
QRVLX Calmar Ratio Rank: 2323
Calmar Ratio Rank
QRVLX Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for FPA Queens Road Value Fund (QRVLX) 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.


QRVLXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.82

Sortino ratioReturn per unit of downside risk

-1.01

Omega ratioGain probability vs. loss probability

1.21

1.37

-0.15

Calmar ratioReturn relative to maximum drawdown

1.65

2.78

-1.13

Martin ratioReturn relative to average drawdown

4.99

12.44

-7.45

Dividends

Dividend History

FPA Queens Road Value Fund provided a 2.53% dividend yield over the last twelve months, with an annual payout of $0.90 per share.


5.00%10.00%15.00%$0.00$1.00$2.00$3.00$4.00$5.0020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$0.90$0.90$1.13$0.80$0.67$4.54$1.62$0.84$1.41$0.93$1.10$0.58

Dividend yield

2.53%2.81%3.64%2.95%2.77%16.71%6.49%3.40%6.82%3.99%5.48%3.12%

Monthly Dividends

The table displays the monthly dividend distributions for FPA Queens Road Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$0.90$0.90
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.13$1.13
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.80$0.80
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.67$0.67
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$4.54$4.54

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the FPA Queens Road Value Fund. 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 Value Fund was 51.40%, occurring on Mar 9, 2009. Recovery took 973 trading sessions.

The current FPA Queens Road Value Fund drawdown is 0.17%.


Related event

Drawdown

Fall

Recovery

Underwater

Financial crisis2007–2009
-51.40%Mar 2009
1y 4mo3y 10mo
5y 2moNov 2007 - Jan 2013
COVID crash2020
-34.80%Mar 2020
1mo 9d7mo 28d
9mo 7dFeb 2020 - Nov 2020
Bear market2022
-21.70%Sep 2022
8mo 21d1y 2mo
1y 10moJan 2022 - Nov 2023
Rate-hike selloffLate 2018
-16.03%Dec 2018
3mo 1d2mo 21d
5mo 22dSep 2018 - Mar 2019
2025 selloff2025
-16.00%Apr 2025
4mo 12d2mo 24d
7mo 6dNov 2024 - Jul 2025

Drawdown Indicators


QRVLXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-51.40%

-56.78%

+5.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-9.10%

-0.25%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-18.90%

+2.90%

Max Drawdown (5Y)

Largest decline over 5 years

-21.70%

-25.43%

+3.73%

Max Drawdown (10Y)

Largest decline over 10 years

-34.80%

-33.92%

-0.88%

Current Drawdown

Current decline from peak

-0.17%

-1.80%

+1.63%

Average Drawdown

Average peak-to-trough decline

-6.57%

-10.71%

+4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.03%

+1.06%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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