VALLX vs. VLEOX

Last updated Jun 3, 2026

VALLX (Value Line Larger Companies Focused Fund) and VLEOX (Value Line Small Cap Opportunities Fund) are both mutual funds - VALLX is a Large Cap Growth Equities fund managed by Value Line, while VLEOX is a Small Cap Growth Equities fund managed by Value Line. Over the past 10 years, VALLX returned 16.73%/yr vs 10.99%/yr for VLEOX. A 0.80 correlation means they provide meaningful diversification when combined. VALLX charges 1.14%/yr vs 1.16%/yr for VLEOX.

Performance

VALLX vs. VLEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Larger Companies Focused Fund (VALLX) 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, VALLX achieves a 15.67% return, which is significantly higher than VLEOX's 4.92% return. Over the past 10 years, VALLX has outperformed VLEOX with an annualized return of 16.73%, while VLEOX has yielded a comparatively lower 10.99% annualized return.

VALLX

• 1D: 1.60%
• 1M: 14.81%
• YTD: 15.67%
• 6M: 12.43%
• 1Y: 35.77%
• 3Y*: 31.84%
• 5Y*: 12.72%
• 10Y*: 16.73%

VLEOX

• 1D: -0.64%
• 1M: -1.95%
• YTD: 4.92%
• 6M: 3.82%
• 1Y: 14.83%
• 3Y*: 12.39%
• 5Y*: 6.21%
• 10Y*: 10.99%

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

VALLX vs. VLEOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VALLX Value Line Larger Companies Focused Fund	15.67%	28.38%	26.35%	59.06%	-39.02%	2.71%	46.21%	25.73%	0.97%	33.82%
VLEOX Value Line Small Cap Opportunities Fund	4.92%	6.27%	14.23%	22.01%	-19.12%	15.16%	26.65%	25.32%	-4.97%	17.66%

Correlation

The correlation between VALLX and VLEOX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 24, 1993	0.80

Over the past year, the correlation between VALLX and VLEOX has dropped to 0.47 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

VALLX vs. VLEOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VALLX

VALLX Risk / Return Rank: 23
VALLX Sharpe Ratio Rank: 30
VALLX Sortino Ratio Rank: 27
VALLX Omega Ratio Rank: 28
VALLX Calmar Ratio Rank: 16
VALLX Martin Ratio Rank: 13

VLEOX

VLEOX Risk / Return Rank: 13
VLEOX Sharpe Ratio Rank: 11
VLEOX Sortino Ratio Rank: 12
VLEOX Omega Ratio Rank: 10
VLEOX Calmar Ratio Rank: 14
VLEOX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VALLX vs. VLEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Larger Companies Focused Fund (VALLX) 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.

	VALLX	VLEOX	Difference
Sharpe ratio Return per unit of total volatility	1.61	0.87	+0.74
Sortino ratio Return per unit of downside risk	2.19	1.40	+0.79
Omega ratio Gain probability vs. loss probability	1.28	1.16	+0.12
Calmar ratio Return relative to maximum drawdown	1.48	1.34	+0.14
Martin ratio Return relative to average drawdown	3.88	4.83	-0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALLX vs. VLEOX - Sharpe Ratio Comparison

The current VALLX Sharpe Ratio is 1.61, which is higher than the VLEOX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of VALLX 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.

Sharpe Ratios by Period

	VALLX	VLEOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	0.87	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.32	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.55	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.54	-0.08

Drawdowns

VALLX vs. VLEOX - Drawdown Comparison

The maximum VALLX drawdown since its inception was -53.36%, roughly equal to the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for VALLX and VLEOX.

Drawdown Indicators

	VALLX	VLEOX	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-55.86%	+2.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.39%	-10.58%	-13.81%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	-22.89%	-3.16%
Max Drawdown (5Y) Largest decline over 5 years	-46.12%	-30.68%	-15.44%
Max Drawdown (10Y) Largest decline over 10 years	-46.12%	-35.30%	-10.82%
Current Drawdown Current decline from peak	0.00%	-4.93%	+4.93%
Average Drawdown Average peak-to-trough decline	-14.75%	-9.48%	-5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.31%	2.94%	+6.37%

Volatility

VALLX vs. VLEOX - Volatility Comparison

Value Line Larger Companies Focused Fund (VALLX) has a higher volatility of 6.65% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 4.44%. This indicates that VALLX'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

	VALLX	VLEOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	4.44%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	18.13%	12.35%	+5.78%
Volatility (1Y) Calculated over the trailing 1-year period	23.18%	16.39%	+6.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.38%	19.33%	+8.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.45%	20.00%	+5.45%

VALLX vs. VLEOX - Expense Ratio Comparison

VALLX has a 1.14% expense ratio, which is lower than VLEOX's 1.16% expense ratio.

Dividends

VALLX vs. VLEOX - Dividend Comparison

VALLX's dividend yield for the trailing twelve months is around 5.38%, less than VLEOX's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VALLX Value Line Larger Companies Focused Fund	5.38%	6.22%	2.68%	0.00%	14.19%	14.36%	9.52%	9.98%	14.50%	7.70%	14.32%	5.80%
VLEOX Value Line Small Cap Opportunities Fund	6.10%	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 VALLX and VLEOX in my portfolio?

VALLX and VLEOX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VALLX or VLEOX?

VALLX has higher volatility (6.65%) compared to VLEOX (4.44%). In terms of maximum drawdown, VALLX dropped -53.36% vs VLEOX's -55.86%.

Which has better risk-adjusted returns?

VALLX currently has the higher Sharpe Ratio (1.61 vs 0.87), 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.