FPNIX vs. QRVLX
Compare and contrast key facts about FPA New Income Fund (FPNIX) and FPA Queens Road Value Fund (QRVLX).
FPNIX is managed by FPA. It was launched on Jul 11, 1984. QRVLX is managed by FPA. It was launched on Jun 13, 2002.
Performance
FPNIX vs. QRVLX - Performance Comparison
Loading graphics...
FPNIX vs. QRVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPNIX FPA New Income Fund | -0.16% | 6.71% | 4.58% | 6.78% | -3.10% | 0.84% | 2.51% | 3.81% | 2.30% | 2.67% |
QRVLX FPA Queens Road Value Fund | -2.87% | 6.08% | 18.91% | 16.09% | -8.85% | 27.50% | 6.78% | 23.93% | -4.83% | 20.32% |
Returns By Period
In the year-to-date period, FPNIX achieves a -0.16% return, which is significantly higher than QRVLX's -2.87% return. Over the past 10 years, FPNIX has underperformed QRVLX with an annualized return of 2.86%, while QRVLX has yielded a comparatively higher 10.55% annualized return.
FPNIX
- 1D
- 0.00%
- 1M
- -1.19%
- YTD
- -0.16%
- 6M
- 0.88%
- 1Y
- 4.38%
- 3Y*
- 5.26%
- 5Y*
- 2.98%
- 10Y*
- 2.86%
QRVLX
- 1D
- 2.06%
- 1M
- -4.76%
- YTD
- -2.87%
- 6M
- -6.35%
- 1Y
- 5.34%
- 3Y*
- 12.01%
- 5Y*
- 8.30%
- 10Y*
- 10.55%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FPNIX vs. QRVLX - Expense Ratio Comparison
FPNIX has a 0.45% expense ratio, which is lower than QRVLX's 0.65% expense ratio.
Return for Risk
FPNIX vs. QRVLX — Risk / Return Rank
FPNIX
QRVLX
FPNIX vs. QRVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA New Income Fund (FPNIX) and FPA Queens Road Value Fund (QRVLX). 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.
| FPNIX | QRVLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 0.33 | +1.37 |
Sortino ratioReturn per unit of downside risk | 2.53 | 0.59 | +1.95 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.08 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 0.65 | +1.68 |
Martin ratioReturn relative to average drawdown | 10.08 | 1.89 | +8.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FPNIX | QRVLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 0.33 | +1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.55 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.52 | 0.62 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.54 | +0.48 |
Correlation
The correlation between FPNIX and QRVLX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FPNIX vs. QRVLX - Dividend Comparison
FPNIX's dividend yield for the trailing twelve months is around 3.81%, more than QRVLX's 2.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPNIX FPA New Income Fund | 3.81% | 3.36% | 4.39% | 3.37% | 2.13% | 1.24% | 2.17% | 2.63% | 3.10% | 2.84% | 2.31% | 1.87% |
QRVLX FPA Queens Road Value Fund | 2.90% | 2.81% | 3.64% | 2.95% | 2.77% | 16.71% | 6.49% | 3.40% | 6.82% | 3.99% | 5.48% | 3.12% |
Drawdowns
FPNIX vs. QRVLX - Drawdown Comparison
The maximum FPNIX drawdown since its inception was -22.95%, smaller than the maximum QRVLX drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for FPNIX and QRVLX.
Loading graphics...
Drawdown Indicators
| FPNIX | QRVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.95% | -51.40% | +28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.97% | -9.68% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -4.67% | -21.70% | +17.03% |
Max Drawdown (10Y)Largest decline over 10 years | -4.67% | -34.80% | +30.13% |
Current DrawdownCurrent decline from peak | -1.48% | -7.48% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -6.62% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 3.31% | -2.85% |
Volatility
FPNIX vs. QRVLX - Volatility Comparison
The current volatility for FPA New Income Fund (FPNIX) is 1.08%, while FPA Queens Road Value Fund (QRVLX) has a volatility of 4.33%. This indicates that FPNIX experiences smaller price fluctuations and is considered to be less risky than QRVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FPNIX | QRVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 4.33% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 9.20% | -7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.65% | 16.49% | -13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.41% | 15.15% | -12.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.88% | 17.13% | -15.25% |