QRVLX vs. FPNIX
Compare and contrast key facts about FPA Queens Road Value Fund (QRVLX) and FPA New Income Fund (FPNIX).
QRVLX is managed by FPA. It was launched on Jun 13, 2002. FPNIX is managed by FPA. It was launched on Jul 11, 1984.
Performance
QRVLX vs. FPNIX - Performance Comparison
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QRVLX vs. FPNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QRVLX FPA Queens Road Value Fund | -4.83% | 6.08% | 18.91% | 16.09% | -8.85% | 27.50% | 6.78% | 23.93% | -4.83% | 20.32% |
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% |
Returns By Period
In the year-to-date period, QRVLX achieves a -4.83% return, which is significantly lower than FPNIX's -0.16% return. Over the past 10 years, QRVLX has outperformed FPNIX with an annualized return of 10.33%, while FPNIX has yielded a comparatively lower 2.86% annualized return.
QRVLX
- 1D
- -0.49%
- 1M
- -6.92%
- YTD
- -4.83%
- 6M
- -7.60%
- 1Y
- 3.31%
- 3Y*
- 11.25%
- 5Y*
- 7.98%
- 10Y*
- 10.33%
FPNIX
- 1D
- 0.30%
- 1M
- -1.48%
- YTD
- -0.16%
- 6M
- 0.98%
- 1Y
- 4.49%
- 3Y*
- 5.26%
- 5Y*
- 2.98%
- 10Y*
- 2.86%
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QRVLX vs. FPNIX - Expense Ratio Comparison
QRVLX has a 0.65% expense ratio, which is higher than FPNIX's 0.45% expense ratio.
Return for Risk
QRVLX vs. FPNIX — Risk / Return Rank
QRVLX
FPNIX
QRVLX vs. FPNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Queens Road Value Fund (QRVLX) and FPA New Income Fund (FPNIX). 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.
| QRVLX | FPNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.25 | 1.74 | -1.49 |
Sortino ratioReturn per unit of downside risk | 0.47 | 2.59 | -2.12 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.35 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 2.49 | -2.25 |
Martin ratioReturn relative to average drawdown | 0.71 | 11.01 | -10.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QRVLX | FPNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 1.74 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.24 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.52 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.02 | -0.49 |
Correlation
The correlation between QRVLX and FPNIX 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
QRVLX vs. FPNIX - Dividend Comparison
QRVLX's dividend yield for the trailing twelve months is around 2.96%, less than FPNIX's 3.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRVLX FPA Queens Road Value Fund | 2.96% | 2.81% | 3.64% | 2.95% | 2.77% | 16.71% | 6.49% | 3.40% | 6.82% | 3.99% | 5.48% | 3.12% |
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% |
Drawdowns
QRVLX vs. FPNIX - Drawdown Comparison
The maximum QRVLX drawdown since its inception was -51.40%, which is greater than FPNIX's maximum drawdown of -22.95%. Use the drawdown chart below to compare losses from any high point for QRVLX and FPNIX.
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Drawdown Indicators
| QRVLX | FPNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.40% | -22.95% | -28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -1.97% | -7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -4.67% | -17.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.80% | -4.67% | -30.13% |
Current DrawdownCurrent decline from peak | -9.35% | -1.48% | -7.87% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -1.86% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 0.45% | +2.82% |
Volatility
QRVLX vs. FPNIX - Volatility Comparison
FPA Queens Road Value Fund (QRVLX) has a higher volatility of 3.61% compared to FPA New Income Fund (FPNIX) at 1.10%. This indicates that QRVLX's price experiences larger fluctuations and is considered to be riskier than FPNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QRVLX | FPNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 1.10% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 1.64% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 2.66% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 2.41% | +12.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 1.88% | +15.24% |