Correlation
The correlation between VLEOX and SPY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
VLEOX vs. SPY
Compare and contrast key facts about Value Line Small Cap Opportunities Fund (VLEOX) and SPDR S&P 500 ETF (SPY).
VLEOX is managed by Value Line. It was launched on Jun 23, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLEOX or SPY.
Performance
VLEOX vs. SPY - Performance Comparison
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Key characteristics
VLEOX:
0.08
SPY:
0.57
VLEOX:
0.21
SPY:
0.87
VLEOX:
1.02
SPY:
1.13
VLEOX:
0.03
SPY:
0.55
VLEOX:
0.09
SPY:
2.11
VLEOX:
8.27%
SPY:
4.91%
VLEOX:
21.19%
SPY:
20.35%
VLEOX:
-55.86%
SPY:
-55.19%
VLEOX:
-11.50%
SPY:
-5.23%
Returns By Period
In the year-to-date period, VLEOX achieves a -3.07% return, which is significantly lower than SPY's -0.89% return. Over the past 10 years, VLEOX has underperformed SPY with an annualized return of 9.65%, while SPY has yielded a comparatively higher 12.57% annualized return.
VLEOX
-3.07%
5.17%
-10.28%
0.86%
12.62%
11.53%
9.65%
SPY
-0.89%
5.17%
-2.13%
10.77%
15.38%
16.09%
12.57%
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VLEOX vs. SPY - Expense Ratio Comparison
VLEOX has a 1.16% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VLEOX vs. SPY — Risk-Adjusted Performance Rank
VLEOX
SPY
VLEOX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Small Cap Opportunities Fund (VLEOX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
VLEOX vs. SPY - Dividend Comparison
VLEOX's dividend yield for the trailing twelve months is around 0.09%, less than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLEOX Value Line Small Cap Opportunities Fund | 0.09% | 0.09% | 0.82% | 2.76% | 6.00% | 8.02% | 23.60% | 15.87% | 3.64% | 5.40% | 14.55% | 6.38% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
VLEOX vs. SPY - Drawdown Comparison
The maximum VLEOX drawdown since its inception was -55.86%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VLEOX and SPY.
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Volatility
VLEOX vs. SPY - Volatility Comparison
Value Line Small Cap Opportunities Fund (VLEOX) has a higher volatility of 4.87% compared to SPDR S&P 500 ETF (SPY) at 4.45%. This indicates that VLEOX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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