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Kinetics Paradigm Fund (WWNPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

The fund is a non-diversified fund that invests all of its investable assets in the Paradigm Portfolio, a series of Kinetics Portfolios Trust. The Paradigm Portfolio invests at least 65% of its net assets in common stocks, ETFs, convertible securities, warrants, and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and International Depositary Receipts ("IDRs")) of U.S. and foreign companies that the Investment Adviser believes are undervalued. The fund is non-diversified.

Looking to diversify beyond WWNPX? The mutual funds below have historically moved differently from WWNPX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for WWNPX

2 mutual funds have low correlation with WWNPX (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab S&P 500 Index Fund (SWPPX) (Large Cap Blend Equities) with a 1Y correlation of 0.29, down from 0.44 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SWPPX
Schwab S&P 500 Index Fund0.290.370.44
63
Large Cap Blend Equities, S&P 500WWNPX vs SWPPX
FXAIX
Fidelity 500 Index Fund0.290.370.44
64
S&P 500WWNPX vs FXAIX
ETILX
Eventide Gilead Class I0.300.370.41
50
Mid Cap Growth EquitiesWWNPX vs ETILX
ETGLX
Eventide Gilead Fund0.300.370.41
51
Mid Cap Growth EquitiesWWNPX vs ETGLX
POAGX
PRIMECAP Odyssey Aggressive Growth Fund0.300.390.44
78
Mid Cap Growth EquitiesWWNPX vs POAGX
See all 14 diversifiers for WWNPX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for WWNPX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.04, down from 0.20 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc-0.040.070.20
89
Technology

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Diversification Analysis

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