Correlation
The correlation between QRVLX and SPY is 0.91, 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.
QRVLX vs. SPY
Compare and contrast key facts about FPA Queens Road Value Fund (QRVLX) and SPDR S&P 500 ETF (SPY).
QRVLX is managed by FPA. It was launched on Jun 13, 2002. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QRVLX or SPY.
Performance
QRVLX vs. SPY - Performance Comparison
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Key characteristics
QRVLX:
0.02
SPY:
0.57
QRVLX:
0.07
SPY:
0.87
QRVLX:
1.01
SPY:
1.13
QRVLX:
-0.04
SPY:
0.55
QRVLX:
-0.10
SPY:
2.11
QRVLX:
6.24%
SPY:
4.91%
QRVLX:
16.95%
SPY:
20.35%
QRVLX:
-52.05%
SPY:
-55.19%
QRVLX:
-9.32%
SPY:
-5.23%
Returns By Period
In the year-to-date period, QRVLX achieves a -1.54% return, which is significantly lower than SPY's -0.89% return. Over the past 10 years, QRVLX has underperformed SPY with an annualized return of 5.81%, while SPY has yielded a comparatively higher 12.57% annualized return.
QRVLX
-1.54%
3.72%
-8.97%
0.30%
10.61%
9.00%
5.81%
SPY
-0.89%
5.93%
-2.13%
10.77%
15.38%
16.09%
12.57%
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QRVLX vs. SPY - Expense Ratio Comparison
QRVLX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
QRVLX vs. SPY — Risk-Adjusted Performance Rank
QRVLX
SPY
QRVLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FPA Queens Road Value Fund (QRVLX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
QRVLX vs. SPY - Dividend Comparison
QRVLX's dividend yield for the trailing twelve months is around 3.69%, more than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRVLX FPA Queens Road Value Fund | 3.69% | 3.64% | 2.95% | 2.77% | 16.71% | 6.50% | 3.40% | 6.82% | 3.99% | 5.48% | 3.12% | 4.76% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
QRVLX vs. SPY - Drawdown Comparison
The maximum QRVLX drawdown since its inception was -52.05%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for QRVLX and SPY.
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Volatility
QRVLX vs. SPY - Volatility Comparison
The current volatility for FPA Queens Road Value Fund (QRVLX) is 4.21%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.45%. This indicates that QRVLX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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