QRSVX vs. SDVY

Last updated Jun 5, 2026

QRSVX (FPA Queens Road Small Cap Value Fund Investor Class) and SDVY (First Trust SMID Cap Rising Dividend Achievers ETF) are both funds - QRSVX is a Small Cap Value Equities fund tracking the Russell 2000 Value, while SDVY is a Small Cap Blend Equities fund tracking the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. Both are passively managed. Over the past 5 years, QRSVX returned 11.47%/yr vs 8.63%/yr for SDVY. Their correlation of 0.92 suggests significant overlap in exposure. QRSVX charges 0.94%/yr vs 0.60%/yr for SDVY.

Performance

QRSVX vs. SDVY - 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 First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QRSVX achieves a 24.66% return, which is significantly higher than SDVY's 8.72% return.

QRSVX

• 1D: -0.28%
• 1M: 6.19%
• YTD: 24.66%
• 6M: 23.12%
• 1Y: 37.90%
• 3Y*: 21.48%
• 5Y*: 11.47%
• 10Y*: —

SDVY

• 1D: 0.95%
• 1M: -1.80%
• YTD: 8.72%
• 6M: 8.43%
• 1Y: 21.92%
• 3Y*: 18.19%
• 5Y*: 8.63%
• 10Y*: —

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

QRSVX vs. SDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	24.66%	13.37%	10.72%	16.04%	-9.14%	23.16%	2.50%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	8.72%	8.83%	11.19%	28.58%	-11.98%	29.13%	2.74%

Correlation

The correlation between QRSVX and SDVY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Dec 15, 2020	0.92

The correlation between QRSVX and SDVY has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

QRSVX vs. SDVY — Risk / Return Rank

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

QRSVX

QRSVX Risk / Return Rank: 79
QRSVX Sharpe Ratio Rank: 74
QRSVX Sortino Ratio Rank: 77
QRSVX Omega Ratio Rank: 65
QRSVX Calmar Ratio Rank: 91
QRSVX Martin Ratio Rank: 88

SDVY

SDVY Risk / Return Rank: 45
SDVY Sharpe Ratio Rank: 42
SDVY Sortino Ratio Rank: 45
SDVY Omega Ratio Rank: 40
SDVY Calmar Ratio Rank: 49
SDVY Martin Ratio Rank: 49

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. SDVY - 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 First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). 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.

	QRSVX	SDVY	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.44	+1.05
Sortino ratio: Return per unit of downside risk	3.70	2.21	+1.49
Omega ratio: Gain probability vs. loss probability	1.44	1.26	+0.19
Calmar ratio: Return relative to maximum drawdown	4.75	2.37	+2.37
Martin ratio: Return relative to average drawdown	16.81	8.17	+8.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QRSVX vs. SDVY - Sharpe Ratio Comparison

The current QRSVX Sharpe Ratio is 2.49, which is higher than the SDVY Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of QRSVX and SDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QRSVX	SDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.44	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.41	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.44	+0.39

Drawdowns

QRSVX vs. SDVY - Drawdown Comparison

The maximum QRSVX drawdown since its inception was -20.59%, smaller than the maximum SDVY drawdown of -44.70%. Use the drawdown chart below to compare losses from any high point for QRSVX and SDVY.

Drawdown Indicators

	QRSVX	SDVY	Difference
Max Drawdown Largest peak-to-trough decline	-20.59%	-44.70%	+24.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.93%	-9.28%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.91%	-25.92%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	-25.92%	+5.33%
Current Drawdown Current decline from peak	-0.28%	-2.17%	+1.89%
Average Drawdown Average peak-to-trough decline	-4.89%	-7.71%	+2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.69%	-0.46%

Volatility

QRSVX vs. SDVY - Volatility Comparison

FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) has a higher volatility of 4.50% compared to First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) at 3.92%. This indicates that QRSVX's price experiences larger fluctuations and is considered to be riskier than SDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QRSVX	SDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.92%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	10.91%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	15.32%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.48%	21.04%	-3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	24.82%	-7.33%

QRSVX vs. SDVY - Expense Ratio Comparison

QRSVX has a 0.94% expense ratio, which is higher than SDVY's 0.60% expense ratio.

Dividends

QRSVX vs. SDVY - Dividend Comparison

QRSVX's dividend yield for the trailing twelve months is around 3.57%, more than SDVY's 1.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	3.57%	4.45%	4.86%	2.56%	2.07%	1.66%	0.00%	0.00%	0.00%	0.00%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.19%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%

Frequently Asked Questions

Can I hold both QRSVX and SDVY in my portfolio?

QRSVX and SDVY have a correlation of 0.90, 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 SDVY?

QRSVX has higher volatility (4.50%) compared to SDVY (3.92%). In terms of maximum drawdown, QRSVX dropped -20.59% vs SDVY's -44.70%.

Which has better risk-adjusted returns?

QRSVX currently has the higher Sharpe Ratio (2.49 vs 1.44), 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.