VLEOX vs. ARTSX
VLEOX (Value Line Small Cap Opportunities Fund) and ARTSX (Artisan Small Cap Fund) are both Small Cap Growth Equities funds. Over the past 10 years, VLEOX returned 11.15%/yr vs 11.40%/yr for ARTSX. Their correlation of 0.87 means they have usually moved in the same direction. VLEOX charges 1.16%/yr vs 1.19%/yr for ARTSX.
Performance
VLEOX vs. ARTSX - Performance Comparison
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Returns By Period
In the year-to-date period, VLEOX achieves a 10.06% return, which is significantly lower than ARTSX's 12.37% return. Both investments have delivered pretty close results over the past 10 years, with VLEOX having a 11.15% annualized return and ARTSX not far ahead at 11.40%.
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%
ARTSX
- 1D
- 2.35%
- 1M
- -6.81%
- 6M
- 7.24%
- YTD
- 12.37%
- 1Y
- 24.39%
- 3Y*
- 12.27%
- 5Y*
- 0.85%
- 10Y*
- 11.40%
- ALL TIME*
- 8.68%
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 |
VLEOX vs. ARTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARTSX Artisan Small Cap Fund | 12.37% | 8.46% | 20.56% | 9.29% | -29.44% | -9.05% | 60.95% | 40.04% | 1.97% | 26.97% |
Correlation
The correlation between VLEOX and ARTSX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 1996 | 0.87 |
The correlation between VLEOX and ARTSX has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
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Return for Risk
VLEOX vs. ARTSX — Risk / Return Rank
VLEOX
ARTSX
VLEOX vs. ARTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Small Cap Opportunities Fund (VLEOX) and Artisan Small Cap Fund (ARTSX). 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.
| VLEOX | ARTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.50 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.19 | 5.60 | -1.41 |
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Drawdowns
VLEOX vs. ARTSX - Drawdown Comparison
The maximum VLEOX drawdown since its inception was -55.86%, smaller than the maximum ARTSX drawdown of -62.77%. Use the drawdown chart below to compare losses from any high point for VLEOX and ARTSX.
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Drawdown Indicators
| VLEOX | ARTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.86% | -62.77% | +6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -15.44% | +4.86% |
Max Drawdown (3Y)Largest decline over 3 years | -22.89% | -25.88% | +2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -30.68% | -47.88% | +17.20% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -51.51% | +16.21% |
Current DrawdownCurrent decline from peak | -2.30% | -8.53% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -14.66% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 4.11% | -1.07% |
Volatility
VLEOX vs. ARTSX - Volatility Comparison
The current volatility for Value Line Small Cap Opportunities Fund (VLEOX) is 3.84%, while Artisan Small Cap Fund (ARTSX) has a volatility of 6.69%. This indicates that VLEOX experiences smaller price fluctuations and is considered to be less risky than ARTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLEOX | ARTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 6.69% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 19.45% | -7.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 23.39% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.33% | 27.65% | -8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 25.64% | -5.66% |
VLEOX vs. ARTSX - Expense Ratio Comparison
VLEOX has a 1.16% expense ratio, which is lower than ARTSX's 1.19% expense ratio.
Dividends
VLEOX vs. ARTSX - Dividend Comparison
VLEOX's dividend yield for the trailing twelve months is around 5.81%, less than ARTSX's 7.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARTSX Artisan Small Cap Fund | 7.34% | 8.24% | 10.40% | 0.00% | 0.26% | 12.11% | 5.26% | 7.83% | 20.83% | 16.26% | 1.18% | 10.12% |
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
VLEOX and ARTSX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARTSX has higher volatility (6.69%) compared to VLEOX (3.84%). In terms of maximum drawdown, VLEOX dropped -55.86% vs ARTSX's -62.77%.
ARTSX currently has the higher Sharpe Ratio (0.99 vs 0.77), 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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