PSCNX vs. VLEOX

Last updated Aug 1, 2026

PSCNX (Penn Capital Special Situations Small Cap Equity Fund) and VLEOX (Value Line Small Cap Opportunities Fund) are both Small Cap Growth Equities funds. Over the past 10 years, PSCNX returned 12.72%/yr vs 11.15%/yr for VLEOX. Their correlation of 0.87 means they have usually moved in the same direction. PSCNX charges 1.71%/yr vs 1.16%/yr for VLEOX.

Performance

PSCNX vs. VLEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penn Capital Special Situations Small Cap Equity Fund (PSCNX) and Value Line Small Cap Opportunities Fund (VLEOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCNX achieves a 19.59% return, which is significantly higher than VLEOX's 10.06% return. Over the past 10 years, PSCNX has outperformed VLEOX with an annualized return of 12.72%, while VLEOX has yielded a comparatively lower 11.15% annualized return.

PSCNX

• 1D: 1.40%
• 1M: -4.67%
• 6M: 13.56%
• YTD: 19.59%
• 1Y: 26.84%
• 3Y*: 12.15%
• 5Y*: 7.28%
• 10Y*: 12.72%
• ALL TIME*: 12.65%

VLEOX

• 1D: 0.11%
• 1M: -1.28%
• 6M: 6.09%
• YTD: 10.06%
• 1Y: 15.06%
• 3Y*: 12.12%
• 5Y*: 6.39%
• 10Y*: 11.15%
• ALL TIME*: 11.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSCNX Penn Capital Special Situations Small Cap Equity Fund	$0.00	$0.00	$0.00
VLEOX Value Line Small Cap Opportunities Fund	$0.00	$0.00	$0.00

PSCNX vs. VLEOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCNX Penn Capital Special Situations Small Cap Equity Fund	19.59%	12.07%	8.04%	14.14%	-17.98%	32.82%	27.62%	30.69%	-16.22%	15.97%
VLEOX Value Line Small Cap Opportunities Fund	10.06%	6.27%	14.23%	22.01%	-19.12%	15.16%	26.65%	25.32%	-4.97%	17.66%

Correlation

The correlation between PSCNX and VLEOX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Dec 17, 2015	0.87

The correlation between PSCNX and VLEOX has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

Return for Risk

PSCNX vs. VLEOX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSCNX

PSCNX Risk / Return Rank: 41
PSCNX Sharpe Ratio Rank: 35
PSCNX Sortino Ratio Rank: 36
PSCNX Omega Ratio Rank: 33
PSCNX Calmar Ratio Rank: 53
PSCNX Martin Ratio Rank: 46

VLEOX

VLEOX Risk / Return Rank: 24
VLEOX Sharpe Ratio Rank: 22
VLEOX Sortino Ratio Rank: 24
VLEOX Omega Ratio Rank: 21
VLEOX Calmar Ratio Rank: 27
VLEOX Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSCNX vs. VLEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Penn Capital Special Situations Small Cap Equity Fund (PSCNX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSCNX	VLEOX	Difference
Sharpe ratio: Return per unit of total volatility	1.15	0.77	+0.38
Sortino ratio: Return per unit of downside risk	1.70	1.25	+0.45
Omega ratio: Gain probability vs. loss probability	1.20	1.14	+0.06
Calmar ratio: Return relative to maximum drawdown	1.98	1.20	+0.78
Martin ratio: Return relative to average drawdown	6.68	4.19	+2.50

PSCNX vs. VLEOX - Sharpe Ratio Comparison

The current PSCNX Sharpe Ratio is 1.15, which is higher than the VLEOX Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of PSCNX and VLEOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSCNX vs. VLEOX - Drawdown Comparison

The maximum PSCNX drawdown since its inception was -50.15%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for PSCNX and VLEOX.

Drawdown Indicators

	PSCNX	VLEOX	Difference
Max Drawdown Largest peak-to-trough decline	-50.15%	-55.86%	+5.71%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-10.58%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-27.88%	-22.89%	-4.99%
Max Drawdown (5Y) Largest decline over 5 years	-32.09%	-30.68%	-1.41%
Max Drawdown (10Y) Largest decline over 10 years	-50.15%	-35.30%	-14.85%
Current Drawdown Current decline from peak	-7.24%	-2.30%	-4.94%
Average Drawdown Average peak-to-trough decline	-9.73%	-9.45%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	3.04%	+0.65%

Volatility

PSCNX vs. VLEOX - Volatility Comparison

Penn Capital Special Situations Small Cap Equity Fund (PSCNX) has a higher volatility of 5.22% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 3.84%. This indicates that PSCNX'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

	PSCNX	VLEOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	3.84%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	12.44%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	21.48%	16.53%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.37%	19.33%	+6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	19.98%	+5.89%

PSCNX vs. VLEOX - Expense Ratio Comparison

PSCNX has a 1.71% expense ratio, which is higher than VLEOX's 1.16% expense ratio.

Dividends

PSCNX vs. VLEOX - Dividend Comparison

PSCNX's dividend yield for the trailing twelve months is around 6.26%, more than VLEOX's 5.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCNX Penn Capital Special Situations Small Cap Equity Fund	6.26%	7.49%	1.56%	0.24%	1.76%	23.64%	0.00%	1.24%	9.83%	11.93%	7.11%	0.00%
VLEOX Value Line Small Cap Opportunities Fund	5.81%	6.40%	0.09%	0.82%	2.76%	6.00%	8.02%	23.60%	15.87%	3.64%	5.40%	14.55%

Frequently Asked Questions

Can I hold both PSCNX and VLEOX in my portfolio?

PSCNX and VLEOX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCNX or VLEOX?

PSCNX has higher volatility (5.22%) compared to VLEOX (3.84%). In terms of maximum drawdown, PSCNX dropped -50.15% vs VLEOX's -55.86%.

Which has better risk-adjusted returns?

PSCNX currently has the higher Sharpe Ratio (1.15 vs 0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.