VALIX vs. SPY
Compare and contrast key facts about Value Line Capital Appreciation Fund, Inc. (VALIX) and State Street SPDR S&P 500 ETF (SPY).
VALIX is managed by T. Rowe Price. It was launched on Sep 29, 1952. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
VALIX vs. SPY - Performance Comparison
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VALIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VALIX Value Line Capital Appreciation Fund, Inc. | -10.01% | 20.76% | 21.20% | 34.45% | -29.86% | 6.69% | 33.13% | 26.20% | -2.86% | 23.88% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, VALIX achieves a -10.01% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, VALIX has underperformed SPY with an annualized return of 10.81%, while SPY has yielded a comparatively higher 13.98% annualized return.
VALIX
- 1D
- -0.31%
- 1M
- -5.75%
- YTD
- -10.01%
- 6M
- -9.23%
- 1Y
- 14.18%
- 3Y*
- 15.78%
- 5Y*
- 5.27%
- 10Y*
- 10.81%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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VALIX vs. SPY - Expense Ratio Comparison
VALIX has a 1.07% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
VALIX vs. SPY — Risk / Return Rank
VALIX
SPY
VALIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Capital Appreciation Fund, Inc. (VALIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| VALIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.93 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.31 | 1.45 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.53 | -0.65 |
Martin ratioReturn relative to average drawdown | 2.93 | 7.30 | -4.37 |
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
| VALIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.93 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.69 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.56 | -0.02 |
Correlation
The correlation between VALIX and SPY is 0.88, 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
VALIX vs. SPY - Dividend Comparison
VALIX's dividend yield for the trailing twelve months is around 6.70%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VALIX Value Line Capital Appreciation Fund, Inc. | 6.70% | 6.03% | 0.79% | 0.75% | 11.01% | 10.83% | 5.49% | 9.79% | 8.28% | 5.57% | 5.75% | 6.86% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
VALIX vs. SPY - Drawdown Comparison
The maximum VALIX drawdown since its inception was -35.14%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VALIX and SPY.
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Drawdown Indicators
| VALIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -55.19% | +20.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -12.05% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.14% | -24.50% | -10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | -33.72% | -1.42% |
Current DrawdownCurrent decline from peak | -12.36% | -6.24% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -9.09% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.52% | +1.19% |
Volatility
VALIX vs. SPY - Volatility Comparison
The current volatility for Value Line Capital Appreciation Fund, Inc. (VALIX) is 4.76%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that VALIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 5.31% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 9.47% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.39% | 19.05% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 17.06% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 17.92% | +0.86% |