VLAAX vs. VALSX

Last updated Aug 1, 2026

VLAAX (Value Line Asset Allocation Fund) and VALSX (Value Line Select Growth Fund) are both mutual funds - VLAAX is a Diversified Portfolio fund managed by Value Line, while VALSX is a Large Cap Growth Equities fund managed by Value Line. Over the past 10 years, VLAAX returned 7.04%/yr vs 10.48%/yr for VALSX. Their 0.96 correlation means they have historically moved very closely together. VLAAX charges 1.04%/yr vs 1.13%/yr for VALSX.

Performance

VLAAX vs. VALSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Asset Allocation Fund (VLAAX) and Value Line Select Growth Fund (VALSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLAAX achieves a -3.92% return, which is significantly higher than VALSX's -7.74% return. Over the past 10 years, VLAAX has underperformed VALSX with an annualized return of 7.04%, while VALSX has yielded a comparatively higher 10.48% 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%

VALSX

• 1D: -0.52%
• 1M: -0.69%
• 6M: -7.50%
• YTD: -7.74%
• 1Y: -14.72%
• 3Y*: 3.63%
• 5Y*: 2.77%
• 10Y*: 10.48%
• ALL TIME*: 9.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VALSX Value Line Select Growth Fund	$0.00	$0.00	$0.00
VLAAX Value Line Asset Allocation Fund	$0.00	$0.00	$0.00

VLAAX vs. VALSX - 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%
VALSX Value Line Select Growth Fund	-7.74%	-1.86%	11.90%	31.29%	-20.74%	23.76%	23.07%	36.62%	1.25%	22.34%

Correlation

The correlation between VLAAX and VALSX is 0.87, 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.	0.87
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Aug 24, 1993	0.96

The correlation between VLAAX and VALSX has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.

Return for Risk

VLAAX vs. VALSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VLAAX

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

VALSX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VLAAX vs. VALSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) and Value Line Select Growth Fund (VALSX). 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	VALSX	Difference
Sharpe ratio: Return per unit of total volatility	-1.07	-1.35	+0.28
Sortino ratio: Return per unit of downside risk	-1.43	-1.84	+0.40
Omega ratio: Gain probability vs. loss probability	0.84	0.79	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.91	+0.19
Martin ratio: Return relative to average drawdown	-1.16	-1.44	+0.28

VLAAX vs. VALSX - Sharpe Ratio Comparison

The current VLAAX Sharpe Ratio is -1.07, which is comparable to the VALSX Sharpe Ratio of -1.35. The chart below compares the historical Sharpe Ratios of VLAAX and VALSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VLAAX vs. VALSX - Drawdown Comparison

The maximum VLAAX drawdown since its inception was -43.95%, smaller than the maximum VALSX drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for VLAAX and VALSX.

Drawdown Indicators

	VLAAX	VALSX	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-55.08%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-18.03%	+4.04%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-18.75%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	-22.26%	-28.22%	+5.96%
Max Drawdown (10Y) Largest decline over 10 years	-23.89%	-34.00%	+10.11%
Current Drawdown Current decline from peak	-17.01%	-17.05%	+0.04%
Average Drawdown Average peak-to-trough decline	-6.94%	-13.63%	+6.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.65%	11.36%	-2.71%

Volatility

VLAAX vs. VALSX - Volatility Comparison

Value Line Asset Allocation Fund (VLAAX) has a higher volatility of 3.41% compared to Value Line Select Growth Fund (VALSX) at 2.96%. This indicates that VLAAX's price experiences larger fluctuations and is considered to be riskier than VALSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLAAX	VALSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.96%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	9.07%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	9.42%	12.17%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.71%	17.44%	-3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.93%	18.24%	-5.31%

VLAAX vs. VALSX - Expense Ratio Comparison

VLAAX has a 1.04% expense ratio, which is lower than VALSX's 1.13% expense ratio.

Dividends

VLAAX vs. VALSX - Dividend Comparison

VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than VALSX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VALSX Value Line Select Growth Fund	9.31%	8.59%	11.16%	9.98%	12.14%	14.47%	27.15%	6.81%	10.12%	7.12%	6.84%	17.21%
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

Can I hold both VLAAX and VALSX in my portfolio?

VLAAX and VALSX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLAAX or VALSX?

VLAAX has higher volatility (3.41%) compared to VALSX (2.96%). In terms of maximum drawdown, VLAAX dropped -43.95% vs VALSX's -55.08%.

Which has better risk-adjusted returns?

VLAAX currently has the higher Sharpe Ratio (-1.07 vs -1.35), 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.