VIOG vs. VLEOX
VIOG (Vanguard S&P Small-Cap 600 Growth ETF) and VLEOX (Value Line Small Cap Opportunities Fund) are both Small Cap Growth Equities funds. Over the past 10 years, VIOG returned 11.09%/yr vs 11.36%/yr for VLEOX. Their correlation of 0.90 means they have usually moved in the same direction. VIOG charges 0.15%/yr vs 1.16%/yr for VLEOX.
Performance
VIOG vs. VLEOX - Performance Comparison
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Returns By Period
In the year-to-date period, VIOG achieves a 24.91% return, which is significantly higher than VLEOX's 10.70% return. Both investments have delivered pretty close results over the past 10 years, with VIOG having a 11.09% annualized return and VLEOX not far ahead at 11.36%.
VIOG
- 1D
- 1.77%
- 1M
- 0.05%
- 6M
- 17.89%
- YTD
- 24.91%
- 1Y
- 34.56%
- 3Y*
- 15.08%
- 5Y*
- 7.08%
- 10Y*
- 11.09%
- ALL TIME*
- 12.94%
VLEOX
- 1D
- 0.58%
- 1M
- -0.71%
- 6M
- 5.46%
- YTD
- 10.70%
- 1Y
- 15.73%
- 3Y*
- 12.24%
- 5Y*
- 6.52%
- 10Y*
- 11.36%
- ALL TIME*
- 11.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.70M | $4.45M | $4.82M | |
| $0.00 | $0.00 | $0.00 |
VIOG vs. VLEOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIOG Vanguard S&P Small-Cap 600 Growth ETF | 24.91% | 5.40% | 9.23% | 16.92% | -21.14% | 22.49% | 19.68% | 21.16% | -4.57% | 14.70% |
VLEOX Value Line Small Cap Opportunities Fund | 10.70% | 6.27% | 14.23% | 22.01% | -19.12% | 15.16% | 26.65% | 25.32% | -4.97% | 17.66% |
Correlation
The correlation between VIOG and VLEOX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.90 |
The correlation between VIOG and VLEOX has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.
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Return for Risk
VIOG vs. VLEOX — Risk / Return Rank
VIOG
VLEOX
VIOG vs. VLEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Growth ETF (VIOG) 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.
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.
| VIOG | VLEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 1.41 | +2.43 |
| Martin ratioReturn relative to average drawdown | 12.84 | 4.91 | +7.93 |
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Drawdowns
VIOG vs. VLEOX - Drawdown Comparison
The maximum VIOG drawdown since its inception was -41.73%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for VIOG and VLEOX.
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Drawdown Indicators
| VIOG | VLEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.73% | -55.86% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -10.58% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.35% | -22.89% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -30.68% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -41.73% | -35.30% | -6.43% |
Current DrawdownCurrent decline from peak | -1.58% | -1.73% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -9.45% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 3.04% | -0.34% |
Volatility
VIOG vs. VLEOX - Volatility Comparison
Vanguard S&P Small-Cap 600 Growth ETF (VIOG) has a higher volatility of 4.44% compared to Value Line Small Cap Opportunities Fund (VLEOX) at 3.77%. This indicates that VIOG'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.
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Volatility by Period
| VIOG | VLEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 3.77% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 12.45% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 16.53% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 19.33% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.84% | 19.98% | +2.86% |
VIOG vs. VLEOX - Expense Ratio Comparison
VIOG has a 0.15% expense ratio, which is lower than VLEOX's 1.16% expense ratio.
Dividends
VIOG vs. VLEOX - Dividend Comparison
VIOG's dividend yield for the trailing twelve months is around 0.75%, less than VLEOX's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIOG Vanguard S&P Small-Cap 600 Growth ETF | 0.75% | 1.04% | 1.03% | 1.15% | 1.17% | 0.69% | 0.68% | 1.09% | 0.76% | 0.87% | 0.92% | 1.04% |
VLEOX Value Line Small Cap Opportunities Fund | 5.78% | 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
VIOG and VLEOX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIOG has higher volatility (4.44%) compared to VLEOX (3.77%). In terms of maximum drawdown, VIOG dropped -41.73% vs VLEOX's -55.86%.
VIOG currently has the higher Sharpe Ratio (1.95 vs 0.91), 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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