- ISIN
- US4946136078
- CUSIP
- 494613607
- Issuer
- Kinetics
- Inception Date
- Dec 31, 1999
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
WWNPX Performance Chart
Kinetics Paradigm Fund (WWNPX) is up 11.6% since the beginning of the year. WWNPX is currently trading at $118 per share. Investors who bought $1,000 worth of WWNPX shares 5 years ago would now be looking at an investment worth $1,808.
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Returns By Period
Kinetics Paradigm Fund (WWNPX) has returned 11.58% so far this year and -6.07% over the past 12 months. Looking at the last ten years, WWNPX has achieved an annualized return of 17.53%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Kinetics Paradigm Fund
- 1D
- -0.25%
- 1M
- -12.34%
- YTD
- 11.58%
- 6M
- 7.30%
- 1Y
- -6.07%
- 3Y*
- 27.24%
- 5Y*
- 12.57%
- 10Y*
- 17.53%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WWNPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1999, WWNPX's average daily return is +0.05%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2024 with a return of +31.6%, while the worst month was Mar 2020 at -27.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, WWNPX closed higher 53% of trading days. The best single day was Jun 10, 2024 with a return of +14.3%, while the worst single day was Mar 9, 2020 at -12.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.55% | 31.50% | -7.88% | -3.03% | -7.90% | -9.97% | 11.58% | ||||||
| 2025 | 13.50% | 4.99% | -5.60% | -0.50% | -7.74% | -2.57% | -4.89% | -2.73% | 1.05% | -0.06% | -7.75% | -1.53% | -14.61% |
| 2024 | -3.80% | 9.35% | 8.06% | -3.85% | 6.62% | 9.79% | 14.79% | 1.28% | 3.04% | 23.97% | 31.58% | -24.68% | 88.34% |
| 2023 | -7.62% | -8.70% | -2.09% | -8.25% | -8.86% | 4.29% | 8.51% | 13.75% | -2.97% | 1.20% | -3.74% | -1.16% | -16.97% |
| 2022 | -10.92% | 6.82% | 8.03% | -3.21% | 5.51% | -7.14% | 16.78% | -1.65% | -5.08% | 20.63% | 9.47% | -7.97% | 29.18% |
| 2021 | 5.43% | 18.96% | 23.11% | -0.98% | -5.29% | 5.26% | -2.53% | -3.79% | -7.79% | 8.28% | -4.37% | 1.24% | 38.14% |
Benchmark Metrics
Kinetics Paradigm Fund has an annualized alpha of 7.35%, beta of 0.81, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since December 31, 1999.
- This fund captured 107.48% of S&P 500 Index gains but only 84.49% 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.
- Alpha
- 7.35%
- Beta
- 0.81
- R²
- 0.46
- Upside Capture
- 107.48%
- Downside Capture
- 84.49%
Expense Ratio
WWNPX has a high expense ratio of 1.64%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WWNPX ranks 2 for risk / return — in the bottom 2% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and compare them to S&P 500 Index.
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.
| WWNPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.78 | -3.00 |
| Martin ratioReturn relative to average drawdown | -0.52 | 12.44 | -12.96 |
Dividends
Dividend History
Kinetics Paradigm Fund provided a 7.36% dividend yield over the last twelve months, with an annual payout of $8.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.69 | $8.69 | $3.95 | $4.13 | $1.86 | $1.22 | $1.16 | $0.53 | $4.31 |
Dividend yield | 7.36% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Kinetics Paradigm Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.69 | $8.69 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.95 | $3.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.13 | $4.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.86 | $1.86 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.22 | $1.22 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Kinetics Paradigm 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 Paradigm Fund was 67.87%, occurring on Mar 9, 2009. Recovery took 1150 trading sessions.
The current Kinetics Paradigm Fund drawdown is 32.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.87%Mar 2009 | 1y 4mo | 4y 6mo | 5y 11moNov 2007 - Oct 2013 |
COVID crash2020 | -43.51%Mar 2020 | 1mo 1d | 9mo 18d | 10mo 19dFeb 2020 - Jan 2021 |
2025 bear market2025 | -41.13%Dec 2025 | 1y 21d | — | 1y 7moNov 2024 - now |
2023 bear market2023 | -38.12%May 2023 | 6mo 16d | 1y 13d | 1y 6moNov 2022 - Jun 2024 |
Rate-hike selloffLate 2018 | -30.11%Dec 2018 | 3mo 25d | 3mo 20d | 7mo 15dAug 2018 - Apr 2019 |
Drawdown Indicators
| WWNPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.87% | -56.78% | -11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -9.10% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -41.13% | -18.90% | -22.23% |
Max Drawdown (5Y)Largest decline over 5 years | -41.13% | -25.43% | -15.70% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -33.92% | -9.59% |
Current DrawdownCurrent decline from peak | -32.37% | -1.80% | -30.57% |
Average DrawdownAverage peak-to-trough decline | -13.93% | -10.71% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 2.03% | +9.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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