VLAAX vs. WWWEX
VLAAX (Value Line Asset Allocation Fund) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, VLAAX returned 7.04%/yr vs 15.16%/yr for WWWEX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. VLAAX charges 1.04%/yr vs 1.39%/yr for WWWEX.
Performance
VLAAX vs. WWWEX - 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 WWWEX's 4.79% return. Over the past 10 years, VLAAX has underperformed WWWEX with an annualized return of 7.04%, while WWWEX has yielded a comparatively higher 15.16% 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%
WWWEX
- 1D
- 1.26%
- 1M
- 1.02%
- 6M
- -0.88%
- YTD
- 4.79%
- 1Y
- 0.83%
- 3Y*
- 28.06%
- 5Y*
- 13.30%
- 10Y*
- 15.16%
- ALL TIME*
- 4.61%
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. WWWEX - 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% |
WWWEX Kinetics The Global Fund | 4.79% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between VLAAX and WWWEX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.55 |
Over the past year, the correlation between VLAAX and WWWEX has dropped to 0.24 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
VLAAX vs. WWWEX — Risk / Return Rank
VLAAX
WWWEX
VLAAX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Asset Allocation Fund (VLAAX) and Kinetics The Global Fund (WWWEX). 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 | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.00 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.07 | -0.65 |
| Martin ratioReturn relative to average drawdown | -1.16 | -0.15 | -1.02 |
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Drawdowns
VLAAX vs. WWWEX - Drawdown Comparison
The maximum VLAAX drawdown since its inception was -43.95%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for VLAAX and WWWEX.
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Drawdown Indicators
| VLAAX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -82.60% | +38.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.99% | -13.86% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -17.66% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.26% | -26.62% | +4.36% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -36.00% | +12.11% |
Current DrawdownCurrent decline from peak | -17.01% | -9.61% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -41.12% | +34.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 6.63% | +2.02% |
Volatility
VLAAX vs. WWWEX - Volatility Comparison
The current volatility for Value Line Asset Allocation Fund (VLAAX) is 3.41%, while Kinetics The Global Fund (WWWEX) has a volatility of 3.67%. This indicates that VLAAX experiences smaller price fluctuations and is considered to be less risky than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLAAX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.67% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 13.30% | -6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.42% | 17.34% | -7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.71% | 19.41% | -5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 19.24% | -6.31% |
VLAAX vs. WWWEX - Expense Ratio Comparison
VLAAX has a 1.04% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
VLAAX vs. WWWEX - Dividend Comparison
VLAAX's dividend yield for the trailing twelve months is around 12.72%, more than WWWEX's 2.46% 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% |
WWWEX Kinetics The Global Fund | 2.46% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
VLAAX and WWWEX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (3.67%) compared to VLAAX (3.41%). In terms of maximum drawdown, VLAAX dropped -43.95% vs WWWEX's -82.60%.
WWWEX currently has the higher Sharpe Ratio (-0.06 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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