VALIX vs. AYBLX
VALIX (Value Line Capital Appreciation Fund, Inc.) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, VALIX returned 13.51%/yr vs 10.67%/yr for AYBLX. Their correlation of 0.84 suggests significant overlap in exposure. VALIX charges 1.07%/yr vs 0.65%/yr for AYBLX.
Performance
VALIX vs. AYBLX - Performance Comparison
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Returns By Period
In the year-to-date period, VALIX achieves a 11.34% return, which is significantly lower than AYBLX's 13.99% return. Over the past 10 years, VALIX has outperformed AYBLX with an annualized return of 13.51%, while AYBLX has yielded a comparatively lower 10.67% annualized return.
VALIX
- 1D
- -0.44%
- 1M
- 3.02%
- YTD
- 11.34%
- 6M
- 9.96%
- 1Y
- 25.78%
- 3Y*
- 22.28%
- 5Y*
- 8.65%
- 10Y*
- 13.51%
AYBLX
- 1D
- -0.21%
- 1M
- 1.64%
- YTD
- 13.99%
- 6M
- 13.54%
- 1Y
- 32.24%
- 3Y*
- 17.53%
- 5Y*
- 9.58%
- 10Y*
- 10.67%
VALIX vs. AYBLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALIX Value Line Capital Appreciation Fund, Inc. | 11.34% | 20.76% | 21.20% | 34.45% | -29.86% | 6.69% | 33.13% | 26.20% | -2.86% | 23.88% |
AYBLX Pioneer Balanced ESG Fund | 13.99% | 19.80% | 9.64% | 15.41% | -14.39% | 15.48% | 12.92% | 22.22% | -4.43% | 15.19% |
Correlation
The correlation between VALIX and AYBLX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 1997 | 0.84 |
The correlation between VALIX and AYBLX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
VALIX vs. AYBLX — Risk / Return Rank
VALIX
AYBLX
VALIX vs. AYBLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Capital Appreciation Fund, Inc. (VALIX) and Pioneer Balanced ESG Fund (AYBLX). 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.
| VALIX | AYBLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.62 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 5.16 | -2.97 |
| Martin ratioReturn relative to average drawdown | 7.06 | 24.00 | -16.94 |
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Drawdowns
VALIX vs. AYBLX - Drawdown Comparison
The maximum VALIX drawdown since its inception was -35.14%, roughly equal to the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for VALIX and AYBLX.
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Drawdown Indicators
| VALIX | AYBLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -36.28% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -6.41% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.62% | -13.39% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -35.14% | -20.26% | -14.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | -24.24% | -10.90% |
Current DrawdownCurrent decline from peak | -2.50% | -0.52% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -3.78% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 1.38% | +2.44% |
Volatility
VALIX vs. AYBLX - Volatility Comparison
Value Line Capital Appreciation Fund, Inc. (VALIX) has a higher volatility of 6.86% compared to Pioneer Balanced ESG Fund (AYBLX) at 3.63%. This indicates that VALIX's price experiences larger fluctuations and is considered to be riskier than AYBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALIX | AYBLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 3.63% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 7.83% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 9.95% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.32% | 11.13% | +8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.98% | 11.33% | +7.65% |
VALIX vs. AYBLX - Expense Ratio Comparison
VALIX has a 1.07% expense ratio, which is higher than AYBLX's 0.65% expense ratio.
Dividends
VALIX vs. AYBLX - Dividend Comparison
VALIX's dividend yield for the trailing twelve months is around 5.41%, more than AYBLX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYBLX Pioneer Balanced ESG Fund | 3.24% | 3.58% | 2.59% | 1.76% | 3.23% | 8.61% | 4.12% | 6.03% | 9.97% | 9.42% | 2.63% | 4.14% |
VALIX Value Line Capital Appreciation Fund, Inc. | 5.41% | 6.03% | 0.79% | 0.75% | 11.01% | 10.83% | 5.49% | 9.79% | 8.28% | 5.57% | 5.75% | 6.86% |
Frequently Asked Questions
VALIX and AYBLX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VALIX has higher volatility (6.86%) compared to AYBLX (3.63%). In terms of maximum drawdown, VALIX dropped -35.14% vs AYBLX's -36.28%.
AYBLX currently has the higher Sharpe Ratio (3.33 vs 1.79), 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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