VLAAX vs. CONWX
VLAAX (Value Line Asset Allocation Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, VLAAX returned 7.04%/yr vs 8.13%/yr for CONWX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. VLAAX charges 1.04%/yr vs 1.41%/yr for CONWX.
Performance
VLAAX vs. CONWX - Performance Comparison
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Returns By Period
In the year-to-date period, VLAAX achieves a -3.92% return, which is significantly lower than CONWX's 7.66% return. Over the past 10 years, VLAAX has underperformed CONWX with an annualized return of 7.04%, while CONWX has yielded a comparatively higher 8.13% annualized return.
VLAAX
- 1D
- -1.00%
- 1M
- -0.65%
- 6M
- -2.34%
- YTD
- -3.92%
- 1Y
- -9.23%
- 3Y*
- 3.51%
- 5Y*
- 1.77%
- 10Y*
- 7.04%
- ALL TIME*
- 8.80%
CONWX
- 1D
- 0.19%
- 1M
- 0.73%
- 6M
- 3.04%
- YTD
- 7.66%
- 1Y
- 16.33%
- 3Y*
- 11.21%
- 5Y*
- 6.58%
- 10Y*
- 8.13%
- ALL TIME*
- 8.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VLAAX vs. CONWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLAAX Value Line Asset Allocation Fund | -3.92% | -2.61% | 9.36% | 21.52% | -15.70% | 11.77% | 15.24% | 25.40% | 2.00% | 14.94% |
CONWX Concorde Wealth Management Fund | 7.66% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 7.17% |
Correlation
The correlation between VLAAX and CONWX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.63 |
Over the past year, the correlation between VLAAX and CONWX has dropped to 0.30 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
VLAAX vs. CONWX — Risk / Return Rank
VLAAX
CONWX
VLAAX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) and Concorde Wealth Management Fund (CONWX). 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.
| VLAAX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.59 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.38 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.43 | -4.15 |
| Martin ratioReturn relative to average drawdown | -1.16 | 8.32 | -9.48 |
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Drawdowns
VLAAX vs. CONWX - Drawdown Comparison
The maximum VLAAX drawdown since its inception was -43.95%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for VLAAX and CONWX.
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Drawdown Indicators
| VLAAX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -26.09% | -17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -4.44% | -9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -9.86% | -10.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -12.49% | -9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -26.09% | +2.20% |
Current DrawdownCurrent decline from peak | -17.01% | -2.50% | -14.51% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -2.79% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 1.83% | +6.82% |
Volatility
VLAAX vs. CONWX - Volatility Comparison
Value Line Asset Allocation Fund (VLAAX) has a higher volatility of 3.41% compared to Concorde Wealth Management Fund (CONWX) at 1.88%. This indicates that VLAAX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLAAX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 1.88% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 5.07% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 7.07% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 10.15% | +3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 10.99% | +1.94% |
VLAAX vs. CONWX - Expense Ratio Comparison
VLAAX has a 1.04% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Dividends
VLAAX vs. CONWX - Dividend Comparison
VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than CONWX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.43% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% | 0.00% | 0.00% |
VLAAX Value Line Asset Allocation Fund | 12.72% | 12.22% | 10.14% | 9.88% | 6.00% | 6.43% | 0.53% | 1.74% | 3.09% | 4.34% | 2.38% | 2.98% |
Frequently Asked Questions
VLAAX and CONWX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLAAX has higher volatility (3.41%) compared to CONWX (1.88%). In terms of maximum drawdown, VLAAX dropped -43.95% vs CONWX's -26.09%.
CONWX currently has the higher Sharpe Ratio (2.15 vs -1.07), 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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