Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Kinetics Spin-Off and Corporate Restructuring Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has returned 50.22% so far this year and 5.55% over the past 12 months. Looking at the last ten years, LSHAX has achieved an annualized return of 19.52%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since May 11, 2007, LSHAX's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, your investment would double in approximately 5.4 years.

Historically, 57% of months were positive and 43% were negative. The best month was Feb 2026 with a return of +40.0%, while the worst month was Mar 2020 at -32.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, LSHAX closed higher 52% of trading days. The best single day was Jun 10, 2024 with a return of +15.8%, while the worst single day was Mar 9, 2020 at -13.7%.

Kinetics Spin-Off and Corporate Restructuring Fund has an annualized alpha of 3.39%, beta of 0.96, and R² of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 14, 2007.

• This fund captured 113.55% of S&P 500 Index gains and 106.30% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 3.39% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 0.96 and R² of 0.50, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

LSHAX has a high expense ratio of 1.68%, indicating above-average management fees.

LSHAX ranks 8 for risk / return — in the bottom 8% 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 Spin-Off and Corporate Restructuring Fund (LSHAX) and compare them to a chosen benchmark (S&P 500 Index).

Kinetics Spin-Off and Corporate Restructuring Fund provided a 7.71% dividend yield over the last twelve months, with an annual payout of $2.69 per share.

The table displays the monthly dividend distributions for Kinetics Spin-Off and Corporate Restructuring Fund. 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 Spin-Off and Corporate Restructuring Fund. 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 Spin-Off and Corporate Restructuring Fund was 69.03%, occurring on Mar 9, 2009. Recovery took 1382 trading sessions.

The current Kinetics Spin-Off and Corporate Restructuring Fund drawdown is 15.53%.

The chart below shows the rolling one-month volatility.