AMGOX vs. WWNPX
AMGOX (Alger Mid Cap Growth Portfolio Fund) and WWNPX (Kinetics Paradigm Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, AMGOX returned 13.17%/yr vs 17.86%/yr for WWNPX. A 0.66 correlation means they provide meaningful diversification when combined. AMGOX charges 0.92%/yr vs 1.64%/yr for WWNPX.
Performance
AMGOX vs. WWNPX - Performance Comparison
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Returns By Period
In the year-to-date period, AMGOX achieves a 8.48% return, which is significantly lower than WWNPX's 12.75% return. Over the past 10 years, AMGOX has underperformed WWNPX with an annualized return of 13.17%, while WWNPX has yielded a comparatively higher 17.86% annualized return.
AMGOX
- 1D
- -0.54%
- 1M
- 7.04%
- YTD
- 8.48%
- 6M
- 6.78%
- 1Y
- 20.19%
- 3Y*
- 18.09%
- 5Y*
- 3.50%
- 10Y*
- 13.17%
WWNPX
- 1D
- 1.05%
- 1M
- -11.42%
- YTD
- 12.75%
- 6M
- 9.79%
- 1Y
- -3.12%
- 3Y*
- 29.02%
- 5Y*
- 12.04%
- 10Y*
- 17.86%
AMGOX vs. WWNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMGOX Alger Mid Cap Growth Portfolio Fund | 8.48% | 16.76% | 21.07% | 23.17% | -36.14% | 5.45% | 64.79% | 30.24% | -7.42% | 26.90% |
WWNPX Kinetics Paradigm Fund | 12.75% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
Correlation
The correlation between AMGOX and WWNPX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.66 |
Over the past year, the correlation between AMGOX and WWNPX has dropped to 0.29 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
AMGOX vs. WWNPX — Risk / Return Rank
AMGOX
WWNPX
AMGOX vs. WWNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Mid Cap Growth Portfolio Fund (AMGOX) and Kinetics Paradigm Fund (WWNPX). 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 | WWNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.18 | +1.50 |
| Martin ratioReturn relative to average drawdown | 4.20 | -0.43 | +4.64 |
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Drawdowns
AMGOX vs. WWNPX - Drawdown Comparison
The maximum AMGOX drawdown since its inception was -68.10%, roughly equal to the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for AMGOX and WWNPX.
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Drawdown Indicators
| AMGOX | WWNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.10% | -67.87% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.25% | -27.71% | +11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.34% | -41.13% | +13.79% |
Max Drawdown (5Y)Largest decline over 5 years | -59.22% | -41.13% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -59.22% | -43.51% | -15.71% |
Current DrawdownCurrent decline from peak | -19.66% | -31.66% | +12.00% |
Average DrawdownAverage peak-to-trough decline | -17.71% | -13.93% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 11.77% | -6.67% |
Volatility
AMGOX vs. WWNPX - Volatility Comparison
The current volatility for Alger Mid Cap Growth Portfolio Fund (AMGOX) is 6.87%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 9.71%. This indicates that AMGOX experiences smaller price fluctuations and is considered to be less risky than WWNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMGOX | WWNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 9.71% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.69% | 26.86% | -11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 33.74% | -13.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.51% | 33.01% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.19% | 28.71% | +3.48% |
AMGOX vs. WWNPX - Expense Ratio Comparison
AMGOX has a 0.92% expense ratio, which is lower than WWNPX's 1.64% expense ratio.
Dividends
AMGOX vs. WWNPX - Dividend Comparison
AMGOX has not paid dividends to shareholders, while WWNPX's dividend yield for the trailing twelve months is around 7.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
WWNPX Kinetics Paradigm Fund | 7.28% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% |
Frequently Asked Questions
AMGOX and WWNPX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWNPX has higher volatility (9.71%) compared to AMGOX (6.87%). In terms of maximum drawdown, AMGOX dropped -68.10% vs WWNPX's -67.87%.
AMGOX currently has the higher Sharpe Ratio (1.07 vs -0.15), 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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