QRSVX vs. PTY

Last updated Jul 16, 2026

QRSVX (FPA Queens Road Small Cap Value Fund Investor Class) and PTY (PIMCO Corporate & Income Opportunity Fund) are both mutual funds - QRSVX is a Small Cap Value Equities fund tracking the Russell 2000 Value, while PTY is a Corporate Bonds fund managed by PIMCO. Over the past 5 years, QRSVX returned 12.37%/yr vs -0.18%/yr for PTY. At a 0.34 correlation, their price movements are largely independent. QRSVX charges 0.94%/yr vs 1.19%/yr for PTY.

Performance

QRSVX vs. PTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) and PIMCO Corporate & Income Opportunity Fund (PTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRSVX achieves a 25.14% return, which is significantly higher than PTY's -1.75% return.

QRSVX

• 1D: -0.17%
• 1M: -0.75%
• 6M: 20.50%
• YTD: 25.14%
• 1Y: 31.42%
• 3Y*: 19.63%
• 5Y*: 12.37%
• 10Y*: —

PTY

• 1D: 0.34%
• 1M: 1.33%
• 6M: -3.97%
• YTD: -1.75%
• 1Y: -4.12%
• 3Y*: 5.76%
• 5Y*: -0.18%
• 10Y*: 8.53%

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

QRSVX vs. PTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	25.14%	13.37%	10.72%	16.04%	-9.14%	23.16%	2.50%
PTY PIMCO Corporate & Income Opportunity Fund	-1.75%	-0.51%	19.87%	22.56%	-18.71%	0.40%	1.48%

Correlation

The correlation between QRSVX and PTY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020	0.34

Return for Risk

QRSVX vs. PTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QRSVX

QRSVX Risk / Return Rank: 82
QRSVX Sharpe Ratio Rank: 76
QRSVX Sortino Ratio Rank: 81
QRSVX Omega Ratio Rank: 73
QRSVX Calmar Ratio Rank: 91
QRSVX Martin Ratio Rank: 89

PTY

PTY Risk / Return Rank: 2
PTY Sharpe Ratio Rank: 2
PTY Sortino Ratio Rank: 1
PTY Omega Ratio Rank: 1
PTY Calmar Ratio Rank: 2
PTY Martin Ratio Rank: 2

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.

QRSVX vs. PTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) and PIMCO Corporate & Income Opportunity Fund (PTY). 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.

	QRSVX	PTY	Difference
Sharpe ratio: Return per unit of total volatility	1.96	-0.37	+2.34
Sortino ratio: Return per unit of downside risk	3.00	-0.43	+3.44
Omega ratio: Gain probability vs. loss probability	1.35	0.94	+0.42
Calmar ratio: Return relative to maximum drawdown	3.75	-0.27	+4.02
Martin ratio: Return relative to average drawdown	13.17	-0.49	+13.66

QRSVX vs. PTY - Sharpe Ratio Comparison

The current QRSVX Sharpe Ratio is 1.96, which is higher than the PTY Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of QRSVX and PTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QRSVX vs. PTY - Drawdown Comparison

The maximum QRSVX drawdown since its inception was -20.59%, smaller than the maximum PTY drawdown of -60.86%. Use the drawdown chart below to compare losses from any high point for QRSVX and PTY.

Drawdown Indicators

	QRSVX	PTY	Difference
Max Drawdown Largest peak-to-trough decline	-20.59%	-60.86%	+40.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-15.44%	+7.51%
Max Drawdown (3Y) Largest decline over 3 years	-18.91%	-16.04%	-2.87%
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	-41.38%	+20.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.55%	—
Current Drawdown Current decline from peak	-1.49%	-10.83%	+9.34%
Average Drawdown Average peak-to-trough decline	-4.81%	-8.62%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	8.51%	-6.26%

Volatility

QRSVX vs. PTY - Volatility Comparison

FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) has a higher volatility of 3.20% compared to PIMCO Corporate & Income Opportunity Fund (PTY) at 2.73%. This indicates that QRSVX's price experiences larger fluctuations and is considered to be riskier than PTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRSVX	PTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	2.73%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.57%	7.59%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	11.05%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	17.25%	+0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	21.18%	-3.78%

QRSVX vs. PTY - Expense Ratio Comparison

QRSVX has a 0.94% expense ratio, which is lower than PTY's 1.19% expense ratio.

Dividends

QRSVX vs. PTY - Dividend Comparison

QRSVX's dividend yield for the trailing twelve months is around 3.55%, less than PTY's 12.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTY PIMCO Corporate & Income Opportunity Fund	12.03%	11.05%	9.92%	10.77%	13.12%	9.16%	8.74%	8.37%	10.63%	9.48%	12.09%	11.92%
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	3.55%	4.45%	4.86%	2.56%	2.07%	1.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QRSVX and PTY in my portfolio?

QRSVX and PTY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRSVX or PTY?

QRSVX has higher volatility (3.20%) compared to PTY (2.73%). In terms of maximum drawdown, QRSVX dropped -20.59% vs PTY's -60.86%.

Which has better risk-adjusted returns?

QRSVX currently has the higher Sharpe Ratio (1.96 vs -0.37), 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.