ARANX vs. WWWEX
ARANX (Horizon Active Risk Assist Fund) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, ARANX returned 7.53%/yr vs 15.16%/yr for WWWEX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. ARANX charges 1.17%/yr vs 1.39%/yr for WWWEX.
Performance
ARANX vs. WWWEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARANX achieves a 9.24% return, which is significantly higher than WWWEX's 4.79% return. Over the past 10 years, ARANX has underperformed WWWEX with an annualized return of 7.53%, while WWWEX has yielded a comparatively higher 15.16% annualized return.
ARANX
- 1D
- 2.39%
- 1M
- -0.65%
- 6M
- 6.40%
- YTD
- 9.24%
- 1Y
- 19.45%
- 3Y*
- 13.74%
- 5Y*
- 6.92%
- 10Y*
- 7.53%
- ALL TIME*
- 6.16%
WWWEX
- 1D
- 1.26%
- 1M
- 1.02%
- 6M
- -0.88%
- YTD
- 4.79%
- 1Y
- 0.83%
- 3Y*
- 28.06%
- 5Y*
- 13.30%
- 10Y*
- 15.16%
- ALL TIME*
- 4.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ARANX vs. WWWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | 9.24% | 14.03% | 13.60% | 16.70% | -19.38% | 20.69% | 4.25% | 12.63% | -7.49% | 18.06% |
WWWEX Kinetics The Global Fund | 4.79% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between ARANX and WWWEX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2014 | 0.53 |
The correlation between ARANX and WWWEX has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARANX vs. WWWEX — Risk / Return Rank
ARANX
WWWEX
ARANX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Active Risk Assist Fund (ARANX) and Kinetics The Global Fund (WWWEX). 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.
| ARANX | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | -0.07 | +1.80 |
| Martin ratioReturn relative to average drawdown | 6.76 | -0.15 | +6.91 |
Loading charts...
Drawdowns
ARANX vs. WWWEX - Drawdown Comparison
The maximum ARANX drawdown since its inception was -21.50%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for ARANX and WWWEX.
Loading charts...
Drawdown Indicators
| ARANX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.50% | -82.60% | +61.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -13.86% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.34% | -17.66% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -26.62% | +5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -21.50% | -36.00% | +14.50% |
Current DrawdownCurrent decline from peak | -3.18% | -9.61% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -41.12% | +34.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 6.63% | -4.04% |
Volatility
ARANX vs. WWWEX - Volatility Comparison
Horizon Active Risk Assist Fund (ARANX) has a higher volatility of 4.32% compared to Kinetics The Global Fund (WWWEX) at 3.67%. This indicates that ARANX's price experiences larger fluctuations and is considered to be riskier than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ARANX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.67% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 13.30% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 17.34% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.02% | 19.41% | -6.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 19.24% | -6.56% |
ARANX vs. WWWEX - Expense Ratio Comparison
ARANX has a 1.17% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
ARANX vs. WWWEX - Dividend Comparison
ARANX's dividend yield for the trailing twelve months is around 8.37%, more than WWWEX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARANX Horizon Active Risk Assist Fund | 8.37% | 9.14% | 10.35% | 0.83% | 0.53% | 8.22% | 0.37% | 1.00% | 3.91% | 4.70% | 0.86% | 1.06% |
WWWEX Kinetics The Global Fund | 2.46% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
ARANX and WWWEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARANX has higher volatility (4.32%) compared to WWWEX (3.67%). In terms of maximum drawdown, ARANX dropped -21.50% vs WWWEX's -82.60%.
ARANX currently has the higher Sharpe Ratio (1.22 vs -0.06), 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.
Find the right allocation for ARANX and WWWEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer