Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX)

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The chart shows the growth of an initial investment of $10,000 in Kinetics Small Capital Opportunities Advisor Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) has returned 29.65% so far this year and 7.86% over the past 12 months. Looking at the last ten years, KSOAX has achieved an annualized return of 20.86%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Dec 27, 2001, KSOAX's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, your investment would double in approximately 4.8 years.

Historically, 59% of months were positive and 41% were negative. The best month was Feb 2026 with a return of +25.3%, while the worst month was Mar 2020 at -29.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, KSOAX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +14.0%, while the worst single day was Mar 9, 2020 at -12.9%.

Kinetics Small Capital Opportunities Advisor Fund Class A has an annualized alpha of 7.41%, beta of 0.79, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since December 28, 2001.

• This fund captured 120.50% of S&P 500 Index gains but only 96.56% of its losses — a favorable profile for investors.
• R² of 0.46 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

KSOAX has a high expense ratio of 1.89%, indicating above-average management fees.

KSOAX ranks 11 for risk / return — in the bottom 11% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) and compare them to a chosen benchmark (S&P 500 Index).

Kinetics Small Capital Opportunities Advisor Fund Class A provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Kinetics Small Capital Opportunities Advisor Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Kinetics Small Capital Opportunities Advisor Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Kinetics Small Capital Opportunities Advisor Fund Class A was 70.21%, occurring on Mar 9, 2009. Recovery took 1059 trading sessions.

The current Kinetics Small Capital Opportunities Advisor Fund Class A drawdown is 11.30%.

The chart below shows the rolling one-month volatility.