THPGX vs. VALAX
THPGX (Thompson LargeCap Fund) and VALAX (Al Frank Fund) are both Large Cap Value Equities funds. Over the past 10 years, THPGX returned 14.26%/yr vs 13.85%/yr for VALAX. Their correlation of 0.93 means they have usually moved in the same direction. THPGX charges 0.99%/yr vs 1.24%/yr for VALAX.
Performance
THPGX vs. VALAX - Performance Comparison
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Returns By Period
In the year-to-date period, THPGX achieves a 13.95% return, which is significantly lower than VALAX's 22.65% return. Both investments have delivered pretty close results over the past 10 years, with THPGX having a 14.26% annualized return and VALAX not far behind at 13.85%.
THPGX
- 1D
- 1.35%
- 1M
- 1.97%
- 6M
- 11.71%
- YTD
- 13.95%
- 1Y
- 34.37%
- 3Y*
- 21.06%
- 5Y*
- 13.03%
- 10Y*
- 14.26%
- ALL TIME*
- 9.80%
VALAX
- 1D
- 1.16%
- 1M
- 0.53%
- 6M
- 13.09%
- YTD
- 22.65%
- 1Y
- 42.01%
- 3Y*
- 21.93%
- 5Y*
- 12.24%
- 10Y*
- 13.85%
- ALL TIME*
- 8.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
VALAX Al Frank Fund | $0.00 | $0.00 | $0.00 |
THPGX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THPGX Thompson LargeCap Fund | 13.95% | 27.10% | 17.14% | 22.06% | -15.78% | 28.09% | 15.49% | 33.59% | -12.31% | 18.24% |
VALAX Al Frank Fund | 22.65% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Correlation
The correlation between THPGX and VALAX is 0.74, 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. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.93 |
The correlation between THPGX and VALAX shifts across timeframes, from 0.74 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
THPGX vs. VALAX — Risk / Return Rank
THPGX
VALAX
THPGX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thompson LargeCap Fund (THPGX) 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.
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.
| THPGX | VALAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.51 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 5.15 | -0.75 |
| Martin ratioReturn relative to average drawdown | 17.73 | 18.59 | -0.86 |
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Drawdowns
THPGX vs. VALAX - Drawdown Comparison
The maximum THPGX drawdown since its inception was -65.52%, which is greater than VALAX's maximum drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for THPGX and VALAX.
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Drawdown Indicators
| THPGX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.52% | -61.26% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -8.56% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -18.75% | -25.81% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -25.81% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | -38.22% | -2.46% |
Current DrawdownCurrent decline from peak | 0.00% | -2.16% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -10.68% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.37% | -0.35% |
Volatility
THPGX vs. VALAX - Volatility Comparison
The current volatility for Thompson LargeCap Fund (THPGX) is 3.75%, while Al Frank Fund (VALAX) has a volatility of 4.29%. This indicates that THPGX 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
| THPGX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.29% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 12.05% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 14.98% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 17.91% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 19.34% | +0.50% |
THPGX vs. VALAX - Expense Ratio Comparison
THPGX has a 0.99% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Dividends
THPGX vs. VALAX - Dividend Comparison
THPGX's dividend yield for the trailing twelve months is around 4.92%, less than VALAX's 7.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THPGX Thompson LargeCap Fund | 4.92% | 5.60% | 11.97% | 8.38% | 5.06% | 4.95% | 0.90% | 2.73% | 0.89% | 0.82% | 0.80% | 0.72% |
VALAX Al Frank Fund | 7.06% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Frequently Asked Questions
THPGX and VALAX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALAX has higher volatility (4.29%) compared to THPGX (3.75%). In terms of maximum drawdown, THPGX dropped -65.52% vs VALAX's -61.26%.
VALAX currently has the higher Sharpe Ratio (2.95 vs 2.82), 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.
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