TSWEX vs. VALAX
Compare and contrast key facts about TSW Large Cap Value Fund (TSWEX) and Al Frank Fund (VALAX).
TSWEX is managed by TS&W Funds. It was launched on Jul 17, 1992. VALAX is managed by Al Frank. It was launched on May 1, 2006.
Performance
TSWEX vs. VALAX - Performance Comparison
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TSWEX vs. VALAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSWEX TSW Large Cap Value Fund | 1.69% | 2.29% | 11.12% | 6.47% | 0.85% | 25.23% | 7.37% | 21.26% | -1.91% | 14.52% |
VALAX Al Frank Fund | 1.54% | 23.57% | 13.35% | 14.05% | -13.50% | 24.97% | 10.22% | 33.98% | -7.87% | 18.09% |
Returns By Period
In the year-to-date period, TSWEX achieves a 1.69% return, which is significantly higher than VALAX's 1.54% return. Over the past 10 years, TSWEX has underperformed VALAX with an annualized return of 9.26%, while VALAX has yielded a comparatively higher 12.38% annualized return.
TSWEX
- 1D
- -0.23%
- 1M
- -5.36%
- YTD
- 1.69%
- 6M
- -9.88%
- 1Y
- -3.20%
- 3Y*
- 7.85%
- 5Y*
- 6.72%
- 10Y*
- 9.26%
VALAX
- 1D
- -0.77%
- 1M
- -6.61%
- YTD
- 1.54%
- 6M
- 7.86%
- 1Y
- 29.09%
- 3Y*
- 17.10%
- 5Y*
- 8.94%
- 10Y*
- 12.38%
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TSWEX vs. VALAX - Expense Ratio Comparison
TSWEX has a 0.75% expense ratio, which is lower than VALAX's 1.24% expense ratio.
Return for Risk
TSWEX vs. VALAX — Risk / Return Rank
TSWEX
VALAX
TSWEX vs. VALAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TSW Large Cap Value Fund (TSWEX) 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.
| TSWEX | VALAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.18 | 1.63 | -1.81 |
Sortino ratioReturn per unit of downside risk | -0.08 | 2.23 | -2.31 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
Calmar ratioReturn relative to maximum drawdown | 0.00 | 2.13 | -2.12 |
Martin ratioReturn relative to average drawdown | 0.01 | 9.00 | -8.99 |
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
| TSWEX | VALAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.18 | 1.63 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.51 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.39 | +0.08 |
Correlation
The correlation between TSWEX 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
TSWEX vs. VALAX - Dividend Comparison
TSWEX's dividend yield for the trailing twelve months is around 0.67%, less than VALAX's 8.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSWEX TSW Large Cap Value Fund | 0.67% | 1.05% | 8.86% | 8.12% | 12.42% | 13.07% | 5.12% | 4.40% | 16.09% | 8.52% | 11.06% | 6.91% |
VALAX Al Frank Fund | 8.52% | 8.65% | 10.32% | 5.95% | 8.62% | 6.83% | 7.17% | 13.51% | 10.73% | 10.66% | 5.32% | 9.53% |
Drawdowns
TSWEX vs. VALAX - Drawdown Comparison
The maximum TSWEX drawdown since its inception was -53.14%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for TSWEX and VALAX.
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Drawdown Indicators
| TSWEX | VALAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -61.26% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -13.03% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -25.81% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -38.22% | +4.32% |
Current DrawdownCurrent decline from peak | -12.50% | -8.56% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -10.83% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.19% | 3.08% | +3.11% |
Volatility
TSWEX vs. VALAX - Volatility Comparison
The current volatility for TSW Large Cap Value Fund (TSWEX) is 2.96%, while Al Frank Fund (VALAX) has a volatility of 4.61%. This indicates that TSWEX 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
| TSWEX | VALAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 4.61% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 10.48% | +5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 18.57% | +3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 17.70% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 19.29% | -2.95% |