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Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The Kinetics Small Capital Opportunities Advisor Fund (KSOAX) is an undiversified investment fund that puts all of its investable resources into the Small Cap Portfolio, which is part of the Kinetics Portfolios Trust. The Small Cap Portfolio is obliged to invest a minimum of 80% of its total assets and any borrowed funds used for investment purposes in common stocks, convertible securities, warrants, and other types of equity securities that share characteristics with common stocks. These securities are associated with small capitalization companies from the United States and foreign countries, which offer appealing valuation opportunities.

Looking to diversify beyond KSOAX? The mutual funds below have the lowest correlation with KSOAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KSOAX.

Best Diversifiers for KSOAX

2 mutual funds have low correlation with KSOAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.05, down from 0.42 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISGX
Federated Hermes MDT Small Cap Growth Fund0.050.300.42
66
Small Cap Growth EquitiesKSOAX vs QISGX
ODIIX
Invesco Discovery Fund Class R60.280.440.49
78
Small Cap Growth EquitiesKSOAX vs ODIIX
LSSIX
Loomis Sayles Small Cap Growth Fund0.310.460.50
51
Small Cap Growth EquitiesKSOAX vs LSSIX
LMIYX
Lord Abbett Micro Cap Growth Fund0.320.410.46
62
Small Cap Growth EquitiesKSOAX vs LMIYX
LAGWX
Lord Abbett Developing Growth Fund0.320.410.46
68
Small Cap Growth EquitiesKSOAX vs LAGWX
See all 38 diversifiers for KSOAX

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