QRVLX vs. AVERX
QRVLX (FPA Queens Road Value Fund) and AVERX (Ave Maria Value Focused Fund) are both Large Cap Value Equities funds. Over the past year, QRVLX returned 15.32% vs 13.36% for AVERX. At a 0.44 correlation, their price movements are largely independent. QRVLX charges 0.65%/yr vs 1.26%/yr for AVERX.
Performance
QRVLX vs. AVERX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with QRVLX having a 11.96% return and AVERX slightly lower at 11.57%.
QRVLX
- 1D
- 0.70%
- 1M
- 3.19%
- YTD
- 11.96%
- 6M
- 11.06%
- 1Y
- 15.32%
- 3Y*
- 16.11%
- 5Y*
- 10.56%
- 10Y*
- 12.17%
AVERX
- 1D
- -1.17%
- 1M
- -7.97%
- YTD
- 11.57%
- 6M
- 9.97%
- 1Y
- 13.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QRVLX vs. AVERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QRVLX FPA Queens Road Value Fund | 11.96% | 12.09% |
AVERX Ave Maria Value Focused Fund | 11.57% | 0.37% |
Correlation
The correlation between QRVLX and AVERX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.44 |
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Return for Risk
QRVLX vs. AVERX — Risk / Return Rank
QRVLX
AVERX
QRVLX vs. AVERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Queens Road Value Fund (QRVLX) and Ave Maria Value Focused Fund (AVERX). 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.
| QRVLX | AVERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.97 | +0.78 |
| Martin ratioReturn relative to average drawdown | 5.28 | 2.63 | +2.65 |
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Drawdowns
QRVLX vs. AVERX - Drawdown Comparison
The maximum QRVLX drawdown since its inception was -51.40%, which is greater than AVERX's maximum drawdown of -13.20%. Use the drawdown chart below to compare losses from any high point for QRVLX and AVERX.
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Drawdown Indicators
| QRVLX | AVERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.40% | -13.20% | -38.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -13.20% | +3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.20% | +13.20% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.91% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 4.84% | -1.75% |
Volatility
QRVLX vs. AVERX - Volatility Comparison
The current volatility for FPA Queens Road Value Fund (QRVLX) is 3.87%, while Ave Maria Value Focused Fund (AVERX) has a volatility of 5.22%. This indicates that QRVLX experiences smaller price fluctuations and is considered to be less risky than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRVLX | AVERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 5.22% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 14.63% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.84% | 19.54% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 18.92% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.20% | 18.92% | -1.72% |
QRVLX vs. AVERX - Expense Ratio Comparison
QRVLX has a 0.65% expense ratio, which is lower than AVERX's 1.26% expense ratio.
Dividends
QRVLX vs. AVERX - Dividend Comparison
QRVLX's dividend yield for the trailing twelve months is around 2.51%, more than AVERX's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVERX Ave Maria Value Focused Fund | 0.37% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QRVLX FPA Queens Road Value Fund | 2.51% | 2.81% | 3.64% | 2.95% | 2.77% | 16.71% | 6.49% | 3.40% | 6.82% | 3.99% | 5.48% | 3.12% |
Frequently Asked Questions
QRVLX and AVERX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVERX has higher volatility (5.22%) compared to QRVLX (3.87%). In terms of maximum drawdown, QRVLX dropped -51.40% vs AVERX's -13.20%.
QRVLX currently has the higher Sharpe Ratio (1.27 vs 0.65), 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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