QRSVX vs. SDVY

Last updated Apr 2, 2026

Compare and contrast key facts about FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY).

QRSVX is a passively managed fund by FPA that tracks the performance of the Russell 2000 Value. It was launched on Jun 13, 2002. SDVY is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. It was launched on Nov 1, 2017. Both QRSVX and SDVY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

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.

QRSVX vs. SDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	6.07%	13.37%	10.72%	16.04%	-9.14%	23.16%	2.50%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	3.99%	8.83%	11.19%	28.58%	-11.98%	29.13%	2.74%

Returns By Period

In the year-to-date period, QRSVX achieves a 6.07% return, which is significantly higher than SDVY's 3.99% return.

QRSVX

• 1D: 2.23%
• 1M: -4.48%
• YTD: 6.07%
• 6M: 5.67%
• 1Y: 22.31%
• 3Y*: 15.33%
• 5Y*: 8.64%
• 10Y*: —

SDVY

• 1D: 0.81%
• 1M: -5.42%
• YTD: 3.99%
• 6M: 5.35%
• 1Y: 19.48%
• 3Y*: 16.30%
• 5Y*: 8.64%
• 10Y*: —

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

QRSVX vs. SDVY - Expense Ratio Comparison

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

QRSVX

FPA Queens Road Small Cap Value Fund Investor Class

SDVY

First Trust SMID Cap Rising Dividend Achievers ETF

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: 67
QRSVX Sharpe Ratio Rank: 63
QRSVX Sortino Ratio Rank: 68
QRSVX Omega Ratio Rank: 59
QRSVX Calmar Ratio Rank: 71
QRSVX Martin Ratio Rank: 72

SDVY

SDVY Risk / Return Rank: 54
SDVY Sharpe Ratio Rank: 51
SDVY Sortino Ratio Rank: 54
SDVY Omega Ratio Rank: 51
SDVY Calmar Ratio Rank: 55
SDVY Martin Ratio Rank: 57

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	1.20	0.96	+0.24
Sortino ratio Return per unit of downside risk	1.83	1.48	+0.35
Omega ratio Gain probability vs. loss probability	1.25	1.20	+0.05
Calmar ratio Return relative to maximum drawdown	1.82	1.50	+0.32
Martin ratio Return relative to average drawdown	7.65	5.91	+1.74
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 1.20, which is comparable to the SDVY Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of QRSVX and SDVY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QRSVX	SDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.96	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.41	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.42	+0.23

Correlation

The correlation between QRSVX and SDVY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QRSVX vs. SDVY - Dividend Comparison

QRSVX's dividend yield for the trailing twelve months is around 4.19%, more than SDVY's 1.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QRSVX FPA Queens Road Small Cap Value Fund Investor Class	4.19%	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	1.25%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%

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	-12.93%	-13.48%	+0.55%
Max Drawdown (5Y) Largest decline over 5 years	-20.59%	-25.92%	+5.33%
Current Drawdown Current decline from peak	-5.01%	-6.31%	+1.30%
Average Drawdown Average peak-to-trough decline	-5.03%	-7.83%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.42%	-0.34%

Volatility

QRSVX vs. SDVY - Volatility Comparison

The current volatility for FPA Queens Road Small Cap Value Fund Investor Class (QRSVX) is 4.86%, while First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) has a volatility of 5.31%. This indicates that QRSVX experiences smaller price fluctuations and is considered to be less risky 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	4.86%	5.31%	-0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	11.05%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	19.52%	20.42%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.46%	21.11%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	24.98%	-7.43%