VLAAX vs. VLEOX
VLAAX (Value Line Asset Allocation Fund) and VLEOX (Value Line Small Cap Opportunities Fund) are both mutual funds - VLAAX is a Diversified Portfolio fund managed by Value Line, while VLEOX is a Small Cap Growth Equities fund managed by Value Line. Over the past 10 years, VLAAX returned 7.04%/yr vs 11.15%/yr for VLEOX. Their correlation of 0.90 means they have usually moved in the same direction. VLAAX charges 1.04%/yr vs 1.16%/yr for VLEOX.
Performance
VLAAX vs. VLEOX - 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 VLEOX's 10.06% return. Over the past 10 years, VLAAX has underperformed VLEOX with an annualized return of 7.04%, while VLEOX has yielded a comparatively higher 11.15% 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%
VLEOX
- 1D
- 0.11%
- 1M
- -1.28%
- 6M
- 6.09%
- YTD
- 10.06%
- 1Y
- 15.06%
- 3Y*
- 12.12%
- 5Y*
- 6.39%
- 10Y*
- 11.15%
- ALL TIME*
- 11.30%
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. VLEOX - 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% |
VLEOX Value Line Small Cap Opportunities Fund | 10.06% | 6.27% | 14.23% | 22.01% | -19.12% | 15.16% | 26.65% | 25.32% | -4.97% | 17.66% |
Correlation
The correlation between VLAAX and VLEOX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 1993 | 0.90 |
Over the past year, the correlation between VLAAX and VLEOX has dropped to 0.45 - well below their long-term average of 0.90, suggesting their price drivers have been diverging.
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Return for Risk
VLAAX vs. VLEOX — Risk / Return Rank
VLAAX
VLEOX
VLAAX vs. VLEOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) 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.
| VLAAX | VLEOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.14 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.20 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.16 | 4.19 | -5.35 |
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Drawdowns
VLAAX vs. VLEOX - Drawdown Comparison
The maximum VLAAX drawdown since its inception was -43.95%, smaller than the maximum VLEOX drawdown of -55.86%. Use the drawdown chart below to compare losses from any high point for VLAAX and VLEOX.
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Drawdown Indicators
| VLAAX | VLEOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -55.86% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -10.58% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -22.89% | +2.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -30.68% | +8.42% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -35.30% | +11.41% |
Current DrawdownCurrent decline from peak | -17.01% | -2.30% | -14.71% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -9.45% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 3.04% | +5.61% |
Volatility
VLAAX vs. VLEOX - Volatility Comparison
The current volatility for Value Line Asset Allocation Fund (VLAAX) is 3.41%, while Value Line Small Cap Opportunities Fund (VLEOX) has a volatility of 3.84%. This indicates that VLAAX 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.
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Volatility by Period
| VLAAX | VLEOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.84% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 12.44% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 16.53% | -7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 19.33% | -5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 19.98% | -7.05% |
VLAAX vs. VLEOX - Expense Ratio Comparison
VLAAX has a 1.04% expense ratio, which is lower than VLEOX's 1.16% expense ratio.
Dividends
VLAAX vs. VLEOX - Dividend Comparison
VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than VLEOX's 5.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VLEOX Value Line Small Cap Opportunities Fund | 5.81% | 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
VLAAX and VLEOX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLEOX has higher volatility (3.84%) compared to VLAAX (3.41%). In terms of maximum drawdown, VLAAX dropped -43.95% vs VLEOX's -55.86%.
VLEOX currently has the higher Sharpe Ratio (0.77 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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