FMIUX vs. QRSVX
FMIUX (FMI Common Stock Fund Institutional Class) and QRSVX (FPA Queens Road Small Cap Value Fund Investor Class) are both Small Cap Value Equities funds. FMIUX is actively managed, while QRSVX is passively managed. Over the past 5 years, FMIUX returned 10.81%/yr vs 12.25%/yr for QRSVX. Their correlation of 0.90 means they have usually moved in the same direction. FMIUX charges 0.84%/yr vs 0.94%/yr for QRSVX.
Performance
FMIUX vs. QRSVX - Performance Comparison
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Returns By Period
In the year-to-date period, FMIUX achieves a 18.62% return, which is significantly lower than QRSVX's 26.22% return.
FMIUX
- 1D
- -0.78%
- 1M
- 2.67%
- 6M
- 11.95%
- YTD
- 18.62%
- 1Y
- 18.01%
- 3Y*
- 12.91%
- 5Y*
- 10.81%
- 10Y*
- —
- ALL TIME*
- 11.44%
QRSVX
- 1D
- 0.00%
- 1M
- 0.58%
- 6M
- 19.51%
- YTD
- 26.22%
- 1Y
- 33.54%
- 3Y*
- 19.14%
- 5Y*
- 12.25%
- 10Y*
- —
- ALL TIME*
- 14.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FMIUX vs. QRSVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FMIUX FMI Common Stock Fund Institutional Class | 18.62% | 2.20% | 10.53% | 25.01% | -5.83% | 30.64% | 1.03% |
QRSVX FPA Queens Road Small Cap Value Fund Investor Class | 26.22% | 13.37% | 10.72% | 16.04% | -9.14% | 23.16% | 2.50% |
Correlation
The correlation between FMIUX and QRSVX is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.90 |
The correlation between FMIUX and QRSVX has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
FMIUX vs. QRSVX — Risk / Return Rank
FMIUX
QRSVX
FMIUX vs. QRSVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund Institutional Class (FMIUX) and FPA Queens Road Small Cap Value Fund Investor Class (QRSVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| FMIUX | QRSVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.89 | -2.79 |
| Martin ratioReturn relative to average drawdown | 2.73 | 13.78 | -11.05 |
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Drawdowns
FMIUX vs. QRSVX - Drawdown Comparison
The maximum FMIUX drawdown since its inception was -38.04%, which is greater than QRSVX's maximum drawdown of -20.59%. Use the drawdown chart below to compare losses from any high point for FMIUX and QRSVX.
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Drawdown Indicators
| FMIUX | QRSVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.04% | -20.59% | -17.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -7.93% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -18.91% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -20.59% | -0.68% |
Current DrawdownCurrent decline from peak | -0.78% | -1.15% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -4.78% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 2.24% | +3.31% |
Volatility
FMIUX vs. QRSVX - Volatility Comparison
FMI Common Stock Fund Institutional Class (FMIUX) has a higher volatility of 5.15% compared to FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) at 3.09%. This indicates that FMIUX's price experiences larger fluctuations and is considered to be riskier than QRSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMIUX | QRSVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 3.09% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.69% | 10.24% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 15.10% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 17.41% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 17.35% | +2.15% |
FMIUX vs. QRSVX - Expense Ratio Comparison
FMIUX has a 0.84% expense ratio, which is lower than QRSVX's 0.94% expense ratio.
Dividends
FMIUX vs. QRSVX - Dividend Comparison
FMIUX's dividend yield for the trailing twelve months is around 11.31%, more than QRSVX's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FMIUX FMI Common Stock Fund Institutional Class | 11.31% | 13.42% | 2.14% | 2.92% | 6.76% | 12.56% | 0.85% | 5.01% | 10.33% | 11.84% |
QRSVX FPA Queens Road Small Cap Value Fund Investor Class | 3.52% | 4.45% | 4.86% | 2.56% | 2.07% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FMIUX and QRSVX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMIUX has higher volatility (5.15%) compared to QRSVX (3.09%). In terms of maximum drawdown, FMIUX dropped -38.04% vs QRSVX's -20.59%.
QRSVX currently has the higher Sharpe Ratio (2.04 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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