BBGSX vs. WWNPX

Last updated Apr 2, 2026

Compare and contrast key facts about Bridge Builder Small/Mid Cap Growth Fund (BBGSX) and Kinetics Paradigm Fund (WWNPX).

BBGSX is managed by Bridge Builder. It was launched on Apr 27, 2015. WWNPX is managed by Kinetics. It was launched on Dec 31, 1999.

Performance

BBGSX vs. WWNPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridge Builder Small/Mid Cap Growth Fund (BBGSX) and Kinetics Paradigm Fund (WWNPX). The values are adjusted to include any dividend payments, if applicable.

BBGSX vs. WWNPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBGSX Bridge Builder Small/Mid Cap Growth Fund	-4.24%	0.99%	14.47%	20.98%	-29.84%	16.57%	34.41%	29.01%	-2.18%	21.47%
WWNPX Kinetics Paradigm Fund	38.76%	-14.61%	88.34%	-16.97%	29.18%	38.14%	3.38%	30.47%	-5.24%	28.41%

Returns By Period

In the year-to-date period, BBGSX achieves a -4.24% return, which is significantly lower than WWNPX's 38.76% return. Over the past 10 years, BBGSX has underperformed WWNPX with an annualized return of 9.70%, while WWNPX has yielded a comparatively higher 20.72% annualized return.

BBGSX

• 1D: 3.72%
• 1M: -7.80%
• YTD: -4.24%
• 6M: -10.70%
• 1Y: 6.56%
• 3Y*: 7.55%
• 5Y*: 1.00%
• 10Y*: 9.70%

WWNPX

• 1D: 1.54%
• 1M: -9.22%
• YTD: 38.76%
• 6M: 23.34%
• 1Y: 3.39%
• 3Y*: 30.92%
• 5Y*: 16.21%
• 10Y*: 20.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBGSX vs. WWNPX - Expense Ratio Comparison

BBGSX has a 0.38% expense ratio, which is lower than WWNPX's 1.64% expense ratio.

WWNPX

Kinetics Paradigm Fund

BBGSX

Bridge Builder Small/Mid Cap Growth Fund

Return for Risk

BBGSX vs. WWNPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBGSX

BBGSX Risk / Return Rank: 10
BBGSX Sharpe Ratio Rank: 11
BBGSX Sortino Ratio Rank: 12
BBGSX Omega Ratio Rank: 11
BBGSX Calmar Ratio Rank: 9
BBGSX Martin Ratio Rank: 9

WWNPX

WWNPX Risk / Return Rank: 8
WWNPX Sharpe Ratio Rank: 7
WWNPX Sortino Ratio Rank: 9
WWNPX Omega Ratio Rank: 8
WWNPX Calmar Ratio Rank: 9
WWNPX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBGSX vs. WWNPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridge Builder Small/Mid Cap Growth Fund (BBGSX) 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.

	BBGSX	WWNPX	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.15	+0.17
Sortino ratio Return per unit of downside risk	0.60	0.46	+0.14
Omega ratio Gain probability vs. loss probability	1.08	1.06	+0.02
Calmar ratio Return relative to maximum drawdown	0.23	0.20	+0.03
Martin ratio Return relative to average drawdown	0.70	0.32	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBGSX vs. WWNPX - Sharpe Ratio Comparison

The current BBGSX Sharpe Ratio is 0.31, which is higher than the WWNPX Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of BBGSX and WWNPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBGSX	WWNPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.15	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.50	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.74	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.55	-0.09

Correlation

The correlation between BBGSX and WWNPX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BBGSX vs. WWNPX - Dividend Comparison

BBGSX has not paid dividends to shareholders, while WWNPX's dividend yield for the trailing twelve months is around 5.92%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBGSX Bridge Builder Small/Mid Cap Growth Fund	0.00%	0.00%	0.58%	0.32%	0.19%	18.00%	12.59%	4.07%	6.12%	1.09%	0.36%
WWNPX Kinetics Paradigm Fund	5.92%	8.21%	2.95%	5.65%	2.00%	1.67%	2.15%	1.00%	10.44%	0.00%	0.00%

Drawdowns

BBGSX vs. WWNPX - Drawdown Comparison

The maximum BBGSX drawdown since its inception was -37.95%, smaller than the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for BBGSX and WWNPX.

Drawdown Indicators

	BBGSX	WWNPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.95%	-67.87%	+29.92%
Max Drawdown (1Y) Largest decline over 1 year	-16.72%	-32.61%	+15.89%
Max Drawdown (5Y) Largest decline over 5 years	-37.95%	-41.13%	+3.18%
Max Drawdown (10Y) Largest decline over 10 years	-37.95%	-43.51%	+5.56%
Current Drawdown Current decline from peak	-13.62%	-15.90%	+2.28%
Average Drawdown Average peak-to-trough decline	-9.62%	-13.85%	+4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.45%	20.16%	-14.71%

Volatility

BBGSX vs. WWNPX - Volatility Comparison

The current volatility for Bridge Builder Small/Mid Cap Growth Fund (BBGSX) is 7.62%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 9.22%. This indicates that BBGSX 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.

Volatility by Period

	BBGSX	WWNPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	9.22%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	24.58%	-10.38%
Volatility (1Y) Calculated over the trailing 1-year period	22.60%	36.48%	-13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	32.56%	-10.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.91%	28.17%	-7.26%