BRUFX vs. WWWEX
BRUFX (Bruce Fund) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, BRUFX returned 7.52%/yr vs 15.19%/yr for WWWEX. Their 0.40 correlation means their historical movements had little consistent relationship. BRUFX charges 0.68%/yr vs 1.39%/yr for WWWEX.
Performance
BRUFX vs. WWWEX - Performance Comparison
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Returns By Period
In the year-to-date period, BRUFX achieves a 14.75% return, which is significantly higher than WWWEX's 4.86% return. Over the past 10 years, BRUFX has underperformed WWWEX with an annualized return of 7.52%, while WWWEX has yielded a comparatively higher 15.19% annualized return.
BRUFX
- 1D
- -1.10%
- 1M
- -1.01%
- 6M
- 9.19%
- YTD
- 14.75%
- 1Y
- 27.76%
- 3Y*
- 12.00%
- 5Y*
- 5.74%
- 10Y*
- 7.52%
- ALL TIME*
- 9.48%
WWWEX
- 1D
- 0.06%
- 1M
- 1.08%
- 6M
- 1.32%
- YTD
- 4.86%
- 1Y
- 0.89%
- 3Y*
- 28.29%
- 5Y*
- 13.31%
- 10Y*
- 15.19%
- ALL TIME*
- 4.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BRUFX Bruce Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BRUFX vs. WWWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRUFX Bruce Fund | 14.75% | 14.89% | 4.45% | -0.74% | -8.80% | 17.35% | 12.06% | 22.42% | -3.99% | 12.48% |
WWWEX Kinetics The Global Fund | 4.86% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between BRUFX and WWWEX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.40 |
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Return for Risk
BRUFX vs. WWWEX — Risk / Return Rank
BRUFX
WWWEX
BRUFX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bruce Fund (BRUFX) 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.
| BRUFX | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.63 | ||
| Sortino ratioReturn per unit of downside risk | +3.61 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.01 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | -0.02 | +3.66 |
| Martin ratioReturn relative to average drawdown | 16.27 | -0.05 | +16.32 |
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Drawdowns
BRUFX vs. WWWEX - Drawdown Comparison
The maximum BRUFX drawdown since its inception was -44.50%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for BRUFX and WWWEX.
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Drawdown Indicators
| BRUFX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.50% | -82.60% | +38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.67% | -13.86% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.66% | -17.66% | +8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -26.62% | +8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -25.44% | -36.00% | +10.56% |
Current DrawdownCurrent decline from peak | -2.79% | -9.56% | +6.77% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -41.12% | +32.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 6.66% | -4.95% |
Volatility
BRUFX vs. WWWEX - Volatility Comparison
The current volatility for Bruce Fund (BRUFX) is 2.64%, while Kinetics The Global Fund (WWWEX) has a volatility of 3.33%. This indicates that BRUFX experiences smaller price fluctuations and is considered to be less risky than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRUFX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 3.33% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 13.23% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 17.33% | -6.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.59% | 19.40% | -8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 19.24% | -7.59% |
BRUFX vs. WWWEX - Expense Ratio Comparison
BRUFX has a 0.68% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
BRUFX vs. WWWEX - Dividend Comparison
BRUFX's dividend yield for the trailing twelve months is around 5.54%, more than WWWEX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRUFX Bruce Fund | 5.54% | 6.35% | 5.01% | 6.46% | 13.31% | 9.25% | 5.83% | 2.03% | 2.49% | 4.11% | 6.26% | 4.63% |
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
BRUFX and WWWEX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (3.33%) compared to BRUFX (2.64%). In terms of maximum drawdown, BRUFX dropped -44.50% vs WWWEX's -82.60%.
BRUFX currently has the higher Sharpe Ratio (2.61 vs -0.02), 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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