VALSX vs. VLEOX

Last updated Jun 3, 2026

VALSX (Value Line Select Growth Fund) and VLEOX (Value Line Small Cap Opportunities Fund) are both mutual funds - VALSX 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, VALSX returned 11.09%/yr vs 10.99%/yr for VLEOX. Their correlation of 0.90 suggests significant overlap in exposure. VALSX charges 1.13%/yr vs 1.16%/yr for VLEOX.

Performance

VALSX vs. VLEOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Select Growth Fund (VALSX) 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, VALSX achieves a -5.28% return, which is significantly lower than VLEOX's 4.92% return. Both investments have delivered pretty close results over the past 10 years, with VALSX having a 11.09% annualized return and VLEOX not far behind at 10.99%.

VALSX

• 1D: 1.40%
• 1M: 1.33%
• YTD: -5.28%
• 6M: -5.75%
• 1Y: -13.20%
• 3Y*: 6.80%
• 5Y*: 5.27%
• 10Y*: 11.09%

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)

VALSX vs. VLEOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VALSX Value Line Select Growth Fund	-5.28%	-1.86%	11.90%	31.29%	-20.74%	23.76%	23.07%	36.62%	1.25%	22.34%
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 VALSX and VLEOX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 24, 1993	0.90

Over the past year, the correlation between VALSX and VLEOX has dropped to 0.56 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.

Return for Risk

VALSX vs. VLEOX — Risk / Return Rank

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

VALSX

VALSX Risk / Return Rank: 1
VALSX Sharpe Ratio Rank: 0
VALSX Sortino Ratio Rank: 0
VALSX Omega Ratio Rank: 1
VALSX Calmar Ratio Rank: 1
VALSX Martin Ratio Rank: 1

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.

VALSX vs. VLEOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Select Growth Fund (VALSX) 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.

	VALSX	VLEOX	Difference
Sharpe ratio Return per unit of total volatility	-1.09	0.87	-1.96
Sortino ratio Return per unit of downside risk	-1.46	1.40	-2.86
Omega ratio Gain probability vs. loss probability	0.83	1.16	-0.32
Calmar ratio Return relative to maximum drawdown	-0.67	1.34	-2.01
Martin ratio Return relative to average drawdown	-1.24	4.83	-6.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALSX vs. VLEOX - Sharpe Ratio Comparison

The current VALSX Sharpe Ratio is -1.09, which is lower than the VLEOX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of VALSX 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

	VALSX	VLEOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.09	0.87	-1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.32	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.55	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.54	-0.07

Drawdowns

VALSX vs. VLEOX - Drawdown Comparison

The maximum VALSX drawdown since its inception was -55.08%, roughly equal to the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for VALSX and VLEOX.

Drawdown Indicators

	VALSX	VLEOX	Difference
Max Drawdown Largest peak-to-trough decline	-55.08%	-55.86%	+0.78%
Max Drawdown (1Y) Largest decline over 1 year	-18.75%	-10.58%	-8.17%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-22.89%	+4.14%
Max Drawdown (5Y) Largest decline over 5 years	-28.22%	-30.68%	+2.46%
Max Drawdown (10Y) Largest decline over 10 years	-34.00%	-35.30%	+1.30%
Current Drawdown Current decline from peak	-14.83%	-4.93%	-9.90%
Average Drawdown Average peak-to-trough decline	-13.62%	-9.48%	-4.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.15%	2.94%	+7.21%

Volatility

VALSX vs. VLEOX - Volatility Comparison

The current volatility for Value Line Select Growth Fund (VALSX) is 3.58%, while Value Line Small Cap Opportunities Fund (VLEOX) has a volatility of 4.44%. This indicates that VALSX experiences smaller price fluctuations and is considered to be less risky than VLEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALSX	VLEOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.44%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	12.35%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	16.39%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	19.33%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	20.00%	-1.72%

VALSX vs. VLEOX - Expense Ratio Comparison

VALSX has a 1.13% expense ratio, which is lower than VLEOX's 1.16% expense ratio.

Dividends

VALSX vs. VLEOX - Dividend Comparison

VALSX's dividend yield for the trailing twelve months is around 9.07%, more than VLEOX's 6.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VALSX Value Line Select Growth Fund	9.07%	8.59%	11.16%	9.98%	12.14%	14.47%	27.15%	6.81%	10.12%	7.12%	6.84%	17.21%
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 VALSX and VLEOX in my portfolio?

VALSX and VLEOX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VALSX or VLEOX?

VLEOX has higher volatility (4.44%) compared to VALSX (3.58%). In terms of maximum drawdown, VALSX dropped -55.08% vs VLEOX's -55.86%.

Which has better risk-adjusted returns?

VLEOX currently has the higher Sharpe Ratio (0.87 vs -1.09), 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.