AMGOX vs. KMKNX
AMGOX (Alger Mid Cap Growth Portfolio Fund) and KMKNX (Kinetics Market Opportunities Fund No Load Class) are both Mid Cap Growth Equities funds. Over the past 10 years, AMGOX returned 12.89%/yr vs 19.02%/yr for KMKNX. A 0.62 correlation means they provide meaningful diversification when combined. AMGOX charges 0.92%/yr vs 1.40%/yr for KMKNX.
Performance
AMGOX vs. KMKNX - Performance Comparison
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Returns By Period
In the year-to-date period, AMGOX achieves a 9.07% return, which is significantly higher than KMKNX's 6.77% return. Over the past 10 years, AMGOX has underperformed KMKNX with an annualized return of 12.89%, while KMKNX has yielded a comparatively higher 19.02% annualized return.
AMGOX
- 1D
- 2.00%
- 1M
- 7.62%
- YTD
- 9.07%
- 6M
- 7.09%
- 1Y
- 22.03%
- 3Y*
- 17.98%
- 5Y*
- 4.26%
- 10Y*
- 12.89%
KMKNX
- 1D
- 0.18%
- 1M
- -9.70%
- YTD
- 6.77%
- 6M
- 4.30%
- 1Y
- -2.23%
- 3Y*
- 31.19%
- 5Y*
- 14.34%
- 10Y*
- 19.02%
AMGOX vs. KMKNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 9.07% | 16.76% | 21.07% | 23.17% | -36.14% | 5.45% | 64.79% | 30.24% | -7.42% | 26.90% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 6.77% | -3.09% | 84.05% | -7.34% | 14.98% | 28.03% | 19.56% | 22.76% | -10.68% | 47.26% |
Correlation
The correlation between AMGOX and KMKNX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.62 |
Over the past year, the correlation between AMGOX and KMKNX has dropped to 0.35 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
AMGOX vs. KMKNX — Risk / Return Rank
AMGOX
KMKNX
AMGOX vs. KMKNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Portfolio Fund (AMGOX) and Kinetics Market Opportunities Fund No Load Class (KMKNX). 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.
| AMGOX | KMKNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.11 | +1.44 |
| Martin ratioReturn relative to average drawdown | 4.23 | -0.29 | +4.52 |
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Drawdowns
AMGOX vs. KMKNX - Drawdown Comparison
The maximum AMGOX drawdown since its inception was -68.10%, roughly equal to the maximum KMKNX drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for AMGOX and KMKNX.
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Drawdown Indicators
| AMGOX | KMKNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -65.47% | -2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -20.13% | +3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -28.27% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -59.22% | -31.47% | -27.75% |
Max Drawdown (10Y)Largest decline over 10 years | -59.22% | -31.47% | -27.75% |
Current DrawdownCurrent decline from peak | -19.22% | -21.70% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -15.28% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 7.76% | -2.66% |
Volatility
AMGOX vs. KMKNX - Volatility Comparison
Alger Mid Cap Growth Portfolio Fund (AMGOX) and Kinetics Market Opportunities Fund No Load Class (KMKNX) have volatilities of 7.05% and 7.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMGOX | KMKNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 7.17% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 19.75% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 23.81% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.50% | 26.50% | +13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 23.70% | +8.47% |
AMGOX vs. KMKNX - Expense Ratio Comparison
AMGOX has a 0.92% expense ratio, which is lower than KMKNX's 1.40% expense ratio.
Dividends
AMGOX vs. KMKNX - Dividend Comparison
AMGOX has not paid dividends to shareholders, while KMKNX's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.72% | 55.13% | 12.13% | 12.09% | 18.59% | 0.00% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 0.62% | 0.66% | 0.81% | 0.87% | 1.36% | 1.56% | 0.26% | 0.33% | 9.13% | 0.64% |
Frequently Asked Questions
AMGOX and KMKNX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMKNX has higher volatility (7.17%) compared to AMGOX (7.05%). In terms of maximum drawdown, AMGOX dropped -68.10% vs KMKNX's -65.47%.
AMGOX currently has the higher Sharpe Ratio (1.08 vs -0.09), 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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