VLEOX vs. XSVM
VLEOX (Value Line Small Cap Opportunities Fund) and XSVM (Invesco S&P SmallCap Value with Momentum ETF) are both funds - VLEOX is a Small Cap Growth Equities fund managed by Value Line, while XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value Index. Over the past 10 years, VLEOX returned 11.60%/yr vs 13.24%/yr for XSVM. Their correlation of 0.84 suggests significant overlap in exposure. VLEOX charges 1.16%/yr vs 0.37%/yr for XSVM.
Performance
VLEOX vs. XSVM - Performance Comparison
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Returns By Period
In the year-to-date period, VLEOX achieves a 10.40% return, which is significantly lower than XSVM's 20.07% return. Over the past 10 years, VLEOX has underperformed XSVM with an annualized return of 11.60%, while XSVM has yielded a comparatively higher 13.24% annualized return.
VLEOX
- 1D
- 0.96%
- 1M
- 3.88%
- YTD
- 10.40%
- 6M
- 7.55%
- 1Y
- 19.99%
- 3Y*
- 13.05%
- 5Y*
- 7.67%
- 10Y*
- 11.60%
XSVM
- 1D
- -0.05%
- 1M
- 2.87%
- YTD
- 20.07%
- 6M
- 17.31%
- 1Y
- 39.24%
- 3Y*
- 17.36%
- 5Y*
- 8.01%
- 10Y*
- 13.24%
VLEOX vs. XSVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLEOX Value Line Small Cap Opportunities Fund | 10.40% | 6.27% | 14.23% | 22.01% | -19.12% | 15.16% | 26.65% | 25.32% | -4.97% | 17.66% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 20.07% | 7.47% | 2.30% | 20.20% | -13.63% | 56.36% | 5.08% | 30.01% | -12.33% | 3.62% |
Correlation
The correlation between VLEOX and XSVM is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2005 | 0.84 |
The correlation between VLEOX and XSVM has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
VLEOX vs. XSVM — Risk / Return Rank
VLEOX
XSVM
VLEOX vs. XSVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Value Line Small Cap Opportunities Fund (VLEOX) and Invesco S&P SmallCap Value with Momentum ETF (XSVM). 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 | XSVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.91 | -2.04 |
| Martin ratioReturn relative to average drawdown | 6.61 | 12.10 | -5.49 |
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Drawdowns
VLEOX vs. XSVM - Drawdown Comparison
The maximum VLEOX drawdown since its inception was -55.86%, smaller than the maximum XSVM drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for VLEOX and XSVM.
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Drawdown Indicators
| VLEOX | XSVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.86% | -62.57% | +6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -10.08% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -22.89% | -26.21% | +3.32% |
Max Drawdown (5Y)Largest decline over 5 years | -30.68% | -26.21% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -49.02% | +13.72% |
Current DrawdownCurrent decline from peak | 0.00% | -1.49% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -9.47% | -11.54% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.25% | -0.26% |
Volatility
VLEOX vs. XSVM - Volatility Comparison
The current volatility for Value Line Small Cap Opportunities Fund (VLEOX) is 4.34%, while Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a volatility of 4.60%. This indicates that VLEOX experiences smaller price fluctuations and is considered to be less risky than XSVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLEOX | XSVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.60% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.27% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.48% | 18.57% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 22.55% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 25.09% | -5.08% |
VLEOX vs. XSVM - Expense Ratio Comparison
VLEOX has a 1.16% expense ratio, which is higher than XSVM's 0.37% expense ratio.
Dividends
VLEOX vs. XSVM - Dividend Comparison
VLEOX's dividend yield for the trailing twelve months is around 5.79%, more than XSVM's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLEOX Value Line Small Cap Opportunities Fund | 5.79% | 6.40% | 0.09% | 0.82% | 2.76% | 6.00% | 8.02% | 23.60% | 15.87% | 3.64% | 5.40% | 14.55% |
XSVM Invesco S&P SmallCap Value with Momentum ETF | 2.23% | 2.29% | 1.69% | 1.31% | 1.79% | 1.23% | 1.21% | 1.22% | 2.54% | 1.90% | 2.29% | 2.68% |
Frequently Asked Questions
VLEOX and XSVM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSVM has higher volatility (4.60%) compared to VLEOX (4.34%). In terms of maximum drawdown, VLEOX dropped -55.86% vs XSVM's -62.57%.
XSVM currently has the higher Sharpe Ratio (2.13 vs 1.20), 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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