ASMNX vs. VLEOX

Last updated Apr 1, 2026

Compare and contrast key facts about AQR Small Cap Momentum Style Fund Class N (ASMNX) and Value Line Small Cap Opportunities Fund (VLEOX).

ASMNX is an actively managed fund by AQR Funds. It was launched on Dec 17, 2012. VLEOX is managed by Value Line. It was launched on Jun 23, 1993.

Performance

ASMNX vs. VLEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Small Cap Momentum Style Fund Class N (ASMNX) and Value Line Small Cap Opportunities Fund (VLEOX). The values are adjusted to include any dividend payments, if applicable.

ASMNX vs. VLEOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASMNX AQR Small Cap Momentum Style Fund Class N	-3.27%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	25.69%	-12.36%	17.21%
VLEOX Value Line Small Cap Opportunities Fund	-1.31%	6.27%	14.23%	22.01%	-19.12%	15.16%	26.65%	25.32%	-4.97%	17.66%

Returns By Period

In the year-to-date period, ASMNX achieves a -3.27% return, which is significantly lower than VLEOX's -1.31% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: ASMNX at 10.66% and VLEOX at 10.66%.

ASMNX

• 1D: -2.57%
• 1M: -9.77%
• YTD: -3.27%
• 6M: -4.58%
• 1Y: 25.01%
• 3Y*: 15.55%
• 5Y*: 5.26%
• 10Y*: 10.66%

VLEOX

• 1D: -1.31%
• 1M: -9.46%
• YTD: -1.31%
• 6M: 0.46%
• 1Y: 13.46%
• 3Y*: 10.24%
• 5Y*: 5.21%
• 10Y*: 10.66%

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

ASMNX vs. VLEOX - Expense Ratio Comparison

ASMNX has a 0.88% expense ratio, which is lower than VLEOX's 1.16% expense ratio.

VLEOX

Value Line Small Cap Opportunities Fund

ASMNX

AQR Small Cap Momentum Style Fund Class N

Return for Risk

ASMNX vs. VLEOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMNX

ASMNX Risk / Return Rank: 50
ASMNX Sharpe Ratio Rank: 46
ASMNX Sortino Ratio Rank: 48
ASMNX Omega Ratio Rank: 38
ASMNX Calmar Ratio Rank: 69
ASMNX Martin Ratio Rank: 48

VLEOX

VLEOX Risk / Return Rank: 33
VLEOX Sharpe Ratio Rank: 29
VLEOX Sortino Ratio Rank: 35
VLEOX Omega Ratio Rank: 26
VLEOX Calmar Ratio Rank: 40
VLEOX Martin Ratio Rank: 36

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.

ASMNX vs. VLEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund Class N (ASMNX) and Value Line Small Cap Opportunities Fund (VLEOX). 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.

	ASMNX	VLEOX	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.69	+0.25
Sortino ratio Return per unit of downside risk	1.41	1.16	+0.26
Omega ratio Gain probability vs. loss probability	1.18	1.14	+0.04
Calmar ratio Return relative to maximum drawdown	1.60	1.04	+0.56
Martin ratio Return relative to average drawdown	4.87	3.84	+1.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASMNX vs. VLEOX - Sharpe Ratio Comparison

The current ASMNX Sharpe Ratio is 0.94, which is higher than the VLEOX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of ASMNX and VLEOX, 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

	ASMNX	VLEOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.69	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.27	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.54	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.53	-0.11

Correlation

The correlation between ASMNX and VLEOX is 0.90, 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

ASMNX vs. VLEOX - Dividend Comparison

ASMNX's dividend yield for the trailing twelve months is around 8.32%, more than VLEOX's 6.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	8.32%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
VLEOX Value Line Small Cap Opportunities Fund	6.48%	6.40%	0.09%	0.82%	2.76%	6.00%	8.02%	23.60%	15.87%	3.64%	5.40%	14.55%

Drawdowns

ASMNX vs. VLEOX - Drawdown Comparison

The maximum ASMNX drawdown since its inception was -42.57%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for ASMNX and VLEOX.

Drawdown Indicators

	ASMNX	VLEOX	Difference
Max Drawdown Largest peak-to-trough decline	-42.57%	-55.86%	+13.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.75%	-10.86%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-40.27%	-30.68%	-9.59%
Max Drawdown (10Y) Largest decline over 10 years	-42.57%	-35.30%	-7.27%
Current Drawdown Current decline from peak	-13.75%	-10.58%	-3.17%
Average Drawdown Average peak-to-trough decline	-11.67%	-9.52%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	2.96%	+1.57%

Volatility

ASMNX vs. VLEOX - Volatility Comparison

AQR Small Cap Momentum Style Fund Class N (ASMNX) has a higher volatility of 8.62% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 6.26%. This indicates that ASMNX's price experiences larger fluctuations and is considered to be riskier than VLEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMNX	VLEOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	6.26%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	18.79%	11.83%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	26.63%	19.58%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.92%	19.24%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.39%	19.93%	+6.46%