VLAAX vs. GRSPX
VLAAX (Value Line Asset Allocation Fund) and GRSPX (Greenspring Fund) are both Diversified Portfolio funds. Over the past 10 years, VLAAX returned 7.04%/yr vs 9.54%/yr for GRSPX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. VLAAX charges 1.04%/yr vs 1.09%/yr for GRSPX.
Performance
VLAAX vs. GRSPX - 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 GRSPX's 16.72% return. Over the past 10 years, VLAAX has underperformed GRSPX with an annualized return of 7.04%, while GRSPX has yielded a comparatively higher 9.54% 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%
GRSPX
- 1D
- 1.49%
- 1M
- -2.92%
- 6M
- 9.85%
- YTD
- 16.72%
- 1Y
- 17.69%
- 3Y*
- 13.59%
- 5Y*
- 9.20%
- 10Y*
- 9.54%
- ALL TIME*
- 7.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRSPX Greenspring Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
VLAAX vs. GRSPX - 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% |
GRSPX Greenspring Fund | 16.72% | 6.12% | 15.53% | 11.95% | -8.62% | 26.89% | 3.81% | 20.84% | -10.21% | 7.84% |
Correlation
The correlation between VLAAX and GRSPX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1993 | 0.74 |
Over the past year, the correlation between VLAAX and GRSPX has dropped to 0.22 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
VLAAX vs. GRSPX — Risk / Return Rank
VLAAX
GRSPX
VLAAX vs. GRSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) and Greenspring Fund (GRSPX). 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 | GRSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.60 | -1.32 |
| Martin ratioReturn relative to average drawdown | -1.16 | 5.43 | -6.59 |
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Drawdowns
VLAAX vs. GRSPX - Drawdown Comparison
The maximum VLAAX drawdown since its inception was -43.95%, which is greater than GRSPX's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for VLAAX and GRSPX.
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Drawdown Indicators
| VLAAX | GRSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -35.67% | -8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -30.41% | +16.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -30.41% | +10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -30.41% | +8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -35.07% | +11.18% |
Current DrawdownCurrent decline from peak | -17.01% | -5.53% | -11.48% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.81% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 3.28% | +5.37% |
Volatility
VLAAX vs. GRSPX - Volatility Comparison
The current volatility for Value Line Asset Allocation Fund (VLAAX) is 3.41%, while Greenspring Fund (GRSPX) has a volatility of 3.95%. This indicates that VLAAX experiences smaller price fluctuations and is considered to be less risky than GRSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLAAX | GRSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.95% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 51.00% | -43.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 56.07% | -46.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 28.20% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 22.53% | -9.60% |
VLAAX vs. GRSPX - Expense Ratio Comparison
VLAAX has a 1.04% expense ratio, which is lower than GRSPX's 1.09% expense ratio.
Dividends
VLAAX vs. GRSPX - Dividend Comparison
VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than GRSPX's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRSPX Greenspring Fund | 8.06% | 9.40% | 6.70% | 6.84% | 8.04% | 7.69% | 2.39% | 7.89% | 11.05% | 9.63% | 6.81% | 5.34% |
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 GRSPX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRSPX has higher volatility (3.95%) compared to VLAAX (3.41%). In terms of maximum drawdown, VLAAX dropped -43.95% vs GRSPX's -35.67%.
GRSPX currently has the higher Sharpe Ratio (0.32 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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