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.
Key characteristics
| QRVLX | SPY | |
|---|---|---|
| YTD Return | 25.62% | 27.16% |
| 1Y Return | 36.58% | 37.73% |
| 3Y Return (Ann) | 10.44% | 10.28% |
| 5Y Return (Ann) | 13.40% | 15.97% |
| 10Y Return (Ann) | 11.15% | 13.38% |
| Sharpe Ratio | 3.42 | 3.25 |
| Sortino Ratio | 4.76 | 4.32 |
| Omega Ratio | 1.63 | 1.61 |
| Calmar Ratio | 6.37 | 4.74 |
| Martin Ratio | 22.40 | 21.51 |
| Ulcer Index | 1.70% | 1.85% |
| Daily Std Dev | 11.10% | 12.20% |
| Max Drawdown | -51.39% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
QRVLX vs. SPY - Performance Comparison
In the year-to-date period, QRVLX achieves a 25.62% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, QRVLX has underperformed SPY with an annualized return of 11.15%, while SPY has yielded a comparatively higher 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
QRVLX vs. SPY - Dividend Comparison
QRVLX's dividend yield for the trailing twelve months is around 1.04%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QRVLX FPA Queens Road Value Fund | 1.04% | 1.30% | 1.48% | 1.37% | 1.92% | 1.48% | 1.64% | 1.23% | 1.65% | 1.20% | 1.12% | 0.97% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
QRVLX vs. SPY - Drawdown Comparison
The maximum QRVLX drawdown since its inception was -51.39%, 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. For additional features, visit the drawdowns tool.
Volatility
QRVLX vs. SPY - Volatility Comparison
FPA Queens Road Value Fund (QRVLX) has a higher volatility of 4.27% compared to SPDR S&P 500 ETF (SPY) at 3.92%. This indicates that QRVLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.