ACRNX vs. KMKAX
ACRNX (Columbia Acorn Fund) and KMKAX (Kinetics Market Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, ACRNX returned 10.43%/yr vs 18.90%/yr for KMKAX. A 0.64 correlation means they provide meaningful diversification when combined. ACRNX charges 0.83%/yr vs 1.65%/yr for KMKAX.
Performance
ACRNX vs. KMKAX - Performance Comparison
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Returns By Period
In the year-to-date period, ACRNX achieves a 20.40% return, which is significantly higher than KMKAX's 6.59% return. Over the past 10 years, ACRNX has underperformed KMKAX with an annualized return of 10.43%, while KMKAX has yielded a comparatively higher 18.90% annualized return.
ACRNX
- 1D
- 1.03%
- 1M
- 8.34%
- YTD
- 20.40%
- 6M
- 17.36%
- 1Y
- 34.34%
- 3Y*
- 16.05%
- 5Y*
- 3.56%
- 10Y*
- 10.43%
KMKAX
- 1D
- -0.05%
- 1M
- -9.76%
- YTD
- 6.59%
- 6M
- 4.86%
- 1Y
- -1.60%
- 3Y*
- 31.26%
- 5Y*
- 13.64%
- 10Y*
- 18.90%
ACRNX vs. KMKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACRNX Columbia Acorn Fund | 20.40% | 4.80% | 14.46% | 21.85% | -33.80% | 8.62% | 29.65% | 26.65% | -8.82% | 25.78% |
KMKAX Kinetics Market Opportunities Fund | 6.59% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
Correlation
The correlation between ACRNX and KMKAX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.64 |
Over the past year, the correlation between ACRNX and KMKAX has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
ACRNX vs. KMKAX — Risk / Return Rank
ACRNX
KMKAX
ACRNX vs. KMKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Acorn Fund (ACRNX) and Kinetics Market Opportunities Fund (KMKAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ACRNX | KMKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.00 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.13 | +2.28 |
| Martin ratioReturn relative to average drawdown | 8.18 | -0.32 | +8.50 |
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Drawdowns
ACRNX vs. KMKAX - Drawdown Comparison
The maximum ACRNX drawdown since its inception was -56.70%, smaller than the maximum KMKAX drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for ACRNX and KMKAX.
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Drawdown Indicators
| ACRNX | KMKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.70% | -65.57% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -20.20% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -30.05% | -28.45% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -45.58% | -31.56% | -14.02% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -31.56% | -14.02% |
Current DrawdownCurrent decline from peak | 0.00% | -22.04% | +22.04% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -15.52% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 7.89% | -3.51% |
Volatility
ACRNX vs. KMKAX - Volatility Comparison
Columbia Acorn Fund (ACRNX) has a higher volatility of 7.98% compared to Kinetics Market Opportunities Fund (KMKAX) at 7.01%. This indicates that ACRNX's price experiences larger fluctuations and is considered to be riskier than KMKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACRNX | KMKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 7.01% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 17.33% | 19.59% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 23.85% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 26.50% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.17% | 23.71% | -0.54% |
ACRNX vs. KMKAX - Expense Ratio Comparison
ACRNX has a 0.83% expense ratio, which is lower than KMKAX's 1.65% expense ratio.
Dividends
ACRNX vs. KMKAX - Dividend Comparison
ACRNX's dividend yield for the trailing twelve months is around 0.87%, more than KMKAX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACRNX Columbia Acorn Fund | 0.87% | 0.00% | 0.00% | 0.00% | 5.30% | 26.17% | 13.28% | 11.43% | 8.55% | 24.10% | 39.09% | 63.48% |
KMKAX Kinetics Market Opportunities Fund | 0.57% | 0.61% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% | 0.00% | 0.00% |
Frequently Asked Questions
ACRNX and KMKAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACRNX has higher volatility (7.98%) compared to KMKAX (7.01%). In terms of maximum drawdown, ACRNX dropped -56.70% vs KMKAX's -65.57%.
ACRNX currently has the higher Sharpe Ratio (1.66 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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