LEIFX vs. VALAX
Compare and contrast key facts about Federated Hermes Equity Income Fund (LEIFX) and Al Frank Fund (VALAX).
LEIFX is managed by Federated. It was launched on Dec 30, 1986. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
LEIFX vs. VALAX - Performance Comparison
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LEIFX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEIFX Federated Hermes Equity Income Fund | 4.32% | 15.18% | -0.45% | 8.82% | -7.96% | 21.12% | 6.43% | 21.27% | -12.13% | 16.06% |
VALAX Al Frank Fund | 4.45% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Returns By Period
The year-to-date returns for both investments are quite close, with LEIFX having a 4.32% return and VALAX slightly higher at 4.45%. Over the past 10 years, LEIFX has underperformed VALAX with an annualized return of 7.86%, while VALAX has yielded a comparatively higher 12.70% annualized return.
LEIFX
- 1D
- 1.31%
- 1M
- -4.15%
- YTD
- 4.32%
- 6M
- 7.02%
- 1Y
- 18.50%
- 3Y*
- 9.49%
- 5Y*
- 5.46%
- 10Y*
- 7.86%
VALAX
- 1D
- 2.86%
- 1M
- -3.93%
- YTD
- 4.45%
- 6M
- 10.22%
- 1Y
- 32.84%
- 3Y*
- 18.20%
- 5Y*
- 9.28%
- 10Y*
- 12.70%
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LEIFX vs. VALAX - Expense Ratio Comparison
LEIFX has a 1.11% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
LEIFX vs. VALAX — Risk / Return Rank
LEIFX
VALAX
LEIFX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Equity Income Fund (LEIFX) and Al Frank Fund (VALAX). 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.
| LEIFX | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.76 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.84 | 2.40 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.60 | -0.97 |
Martin ratioReturn relative to average drawdown | 7.56 | 10.90 | -3.34 |
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
| LEIFX | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.76 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.53 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.66 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.40 | +0.06 |
Correlation
The correlation between LEIFX and VALAX 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
LEIFX vs. VALAX - Dividend Comparison
LEIFX's dividend yield for the trailing twelve months is around 24.30%, more than VALAX's 8.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEIFX Federated Hermes Equity Income Fund | 24.30% | 24.92% | 0.82% | 1.08% | 7.54% | 16.37% | 1.17% | 2.01% | 19.47% | 5.34% | 3.98% | 3.15% |
VALAX Al Frank Fund | 8.29% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
LEIFX vs. VALAX - Drawdown Comparison
The maximum LEIFX drawdown since its inception was -49.19%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for LEIFX and VALAX.
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Drawdown Indicators
| LEIFX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.19% | -61.26% | +12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -13.03% | +2.02% |
Max Drawdown (5Y)Largest decline over 5 years | -25.60% | -25.81% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -36.86% | -38.22% | +1.36% |
Current DrawdownCurrent decline from peak | -4.41% | -5.95% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -10.83% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.10% | -0.73% |
Volatility
LEIFX vs. VALAX - Volatility Comparison
The current volatility for Federated Hermes Equity Income Fund (LEIFX) is 3.32%, while Al Frank Fund (VALAX) has a volatility of 5.58%. This indicates that LEIFX experiences smaller price fluctuations and is considered to be less risky than VALAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEIFX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 5.58% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.02% | 10.83% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.21% | 18.74% | -5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 17.75% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 19.31% | -1.93% |