VLIFX vs. VLAAX

Last updated Jun 4, 2026

VLIFX (Value Line Mid Cap Focused Fund) and VLAAX (Value Line Asset Allocation Fund) are both mutual funds - VLIFX is a Mid Cap Growth Equities fund managed by Value Line, while VLAAX is a Diversified Portfolio fund managed by Value Line. Over the past 10 years, VLIFX returned 11.64%/yr vs 7.19%/yr for VLAAX. Their correlation of 0.92 suggests significant overlap in exposure. VLIFX charges 1.07%/yr vs 1.04%/yr for VLAAX.

Performance

VLIFX vs. VLAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Mid Cap Focused Fund (VLIFX) and Value Line Asset Allocation Fund (VLAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VLIFX achieves a -1.36% return, which is significantly higher than VLAAX's -4.75% return. Over the past 10 years, VLIFX has outperformed VLAAX with an annualized return of 11.64%, while VLAAX has yielded a comparatively lower 7.19% annualized return.

VLIFX

• 1D: 0.60%
• 1M: 0.09%
• YTD: -1.36%
• 6M: -2.29%
• 1Y: -1.86%
• 3Y*: 6.75%
• 5Y*: 5.96%
• 10Y*: 11.64%

VLAAX

• 1D: -0.39%
• 1M: 1.89%
• YTD: -4.75%
• 6M: -5.65%
• 1Y: -10.92%
• 3Y*: 4.50%
• 5Y*: 2.94%
• 10Y*: 7.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VLIFX vs. VLAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLIFX Value Line Mid Cap Focused Fund	-1.36%	0.79%	7.59%	22.11%	-9.60%	19.76%	19.96%	35.30%	4.65%	19.85%
VLAAX Value Line Asset Allocation Fund	-4.75%	-2.61%	9.36%	21.52%	-15.70%	11.77%	15.24%	25.40%	2.00%	14.94%

Correlation

The correlation between VLIFX and VLAAX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Aug 25, 1993	0.92

The correlation between VLIFX and VLAAX shifts across timeframes, from 0.79 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

VLIFX vs. VLAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VLIFX

VLIFX Risk / Return Rank: 2
VLIFX Sharpe Ratio Rank: 2
VLIFX Sortino Ratio Rank: 2
VLIFX Omega Ratio Rank: 2
VLIFX Calmar Ratio Rank: 2
VLIFX Martin Ratio Rank: 2

VLAAX

VLAAX Risk / Return Rank: 0
VLAAX Sharpe Ratio Rank: 0
VLAAX Sortino Ratio Rank: 0
VLAAX Omega Ratio Rank: 0
VLAAX Calmar Ratio Rank: 1
VLAAX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VLIFX vs. VLAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Mid Cap Focused Fund (VLIFX) and Value Line Asset Allocation Fund (VLAAX). 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.

	VLIFX	VLAAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	-1.22	+1.13
Sortino ratio: Return per unit of downside risk	-0.04	-1.62	+1.58
Omega ratio: Gain probability vs. loss probability	1.00	0.81	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.11	-0.76	+0.65
Martin ratio: Return relative to average drawdown	-0.31	-1.39	+1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VLIFX vs. VLAAX - Sharpe Ratio Comparison

The current VLIFX Sharpe Ratio is -0.10, which is higher than the VLAAX Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of VLIFX and VLAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VLIFX	VLAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	-1.22	+1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.22	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.56	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.60	-0.22

Drawdowns

VLIFX vs. VLAAX - Drawdown Comparison

The maximum VLIFX drawdown since its inception was -61.48%, which is greater than VLAAX's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for VLIFX and VLAAX.

Drawdown Indicators

	VLIFX	VLAAX	Difference
Max Drawdown Largest peak-to-trough decline	-61.48%	-43.95%	-17.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-14.38%	+2.57%
Max Drawdown (3Y) Largest decline over 3 years	-17.66%	-20.28%	+2.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.91%	-22.26%	+0.35%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	-23.89%	-11.62%
Current Drawdown Current decline from peak	-8.74%	-17.73%	+8.99%
Average Drawdown Average peak-to-trough decline	-15.66%	-6.89%	-8.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	7.79%	-3.64%

Volatility

VLIFX vs. VLAAX - Volatility Comparison

Value Line Mid Cap Focused Fund (VLIFX) has a higher volatility of 3.71% compared to Value Line Asset Allocation Fund (VLAAX) at 2.68%. This indicates that VLIFX's price experiences larger fluctuations and is considered to be riskier than VLAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VLIFX	VLAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	2.68%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	6.66%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	13.44%	8.89%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	13.63%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	12.92%	+4.94%

VLIFX vs. VLAAX - Expense Ratio Comparison

VLIFX has a 1.07% expense ratio, which is higher than VLAAX's 1.04% expense ratio.

Dividends

VLIFX vs. VLAAX - Dividend Comparison

VLIFX's dividend yield for the trailing twelve months is around 2.19%, less than VLAAX's 12.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VLAAX Value Line Asset Allocation Fund	12.83%	12.22%	10.14%	9.88%	6.00%	6.43%	0.53%	1.74%	3.09%	4.34%	2.38%	2.98%
VLIFX Value Line Mid Cap Focused Fund	2.19%	2.16%	0.99%	0.03%	7.22%	8.23%	7.81%	1.42%	5.12%	1.61%	2.24%	0.00%

Frequently Asked Questions

Can I hold both VLIFX and VLAAX in my portfolio?

VLIFX and VLAAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VLIFX or VLAAX?

VLIFX has higher volatility (3.71%) compared to VLAAX (2.68%). In terms of maximum drawdown, VLIFX dropped -61.48% vs VLAAX's -43.95%.

Which has better risk-adjusted returns?

VLIFX currently has the higher Sharpe Ratio (-0.10 vs -1.22), 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.