BUFTX vs. WWNPX
BUFTX (Buffalo Discovery Fund) and WWNPX (Kinetics Paradigm Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, BUFTX returned 7.17%/yr vs 18.41%/yr for WWNPX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. BUFTX charges 1.00%/yr vs 1.64%/yr for WWNPX.
Performance
BUFTX vs. WWNPX - Performance Comparison
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Returns By Period
In the year-to-date period, BUFTX achieves a -2.93% return, which is significantly lower than WWNPX's 23.83% return. Over the past 10 years, BUFTX has underperformed WWNPX with an annualized return of 7.17%, while WWNPX has yielded a comparatively higher 18.41% annualized return.
BUFTX
- 1D
- 2.42%
- 1M
- -0.87%
- 6M
- 1.00%
- YTD
- -2.93%
- 1Y
- -8.70%
- 3Y*
- 2.96%
- 5Y*
- -2.05%
- 10Y*
- 7.17%
- ALL TIME*
- 8.08%
WWNPX
- 1D
- 0.58%
- 1M
- 0.46%
- 6M
- 12.04%
- YTD
- 23.83%
- 1Y
- 11.65%
- 3Y*
- 25.28%
- 5Y*
- 15.20%
- 10Y*
- 18.41%
- ALL TIME*
- 11.94%
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 |
BUFTX vs. WWNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BUFTX Buffalo Discovery Fund | -2.93% | -1.83% | 5.31% | 24.30% | -28.78% | 11.55% | 33.90% | 31.62% | -6.52% | 25.43% |
WWNPX Kinetics Paradigm Fund | 23.83% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
Correlation
The correlation between BUFTX and WWNPX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2001 | 0.62 |
Over the past year, the correlation between BUFTX and WWNPX has dropped to 0.32 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
BUFTX vs. WWNPX — Risk / Return Rank
BUFTX
WWNPX
BUFTX vs. WWNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Buffalo Discovery Fund (BUFTX) 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.
| BUFTX | WWNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.10 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.50 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.85 | 1.12 | -1.97 |
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Drawdowns
BUFTX vs. WWNPX - Drawdown Comparison
The maximum BUFTX drawdown since its inception was -60.45%, smaller than the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for BUFTX and WWNPX.
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Drawdown Indicators
| BUFTX | WWNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.45% | -67.87% | +7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.96% | -27.71% | +9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -41.13% | +19.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.36% | -41.13% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -36.36% | -43.51% | +7.15% |
Current DrawdownCurrent decline from peak | -13.91% | -24.95% | +11.04% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -13.98% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.32% | 12.31% | -3.99% |
Volatility
BUFTX vs. WWNPX - Volatility Comparison
The current volatility for Buffalo Discovery Fund (BUFTX) is 6.19%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 6.96%. This indicates that BUFTX 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
| BUFTX | WWNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 6.96% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 26.68% | -12.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.96% | 34.21% | -17.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 33.12% | -11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 28.85% | -8.38% |
BUFTX vs. WWNPX - Expense Ratio Comparison
BUFTX has a 1.00% expense ratio, which is lower than WWNPX's 1.64% expense ratio.
Dividends
BUFTX vs. WWNPX - Dividend Comparison
BUFTX's dividend yield for the trailing twelve months is around 21.78%, more than WWNPX's 6.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUFTX Buffalo Discovery Fund | 21.78% | 21.15% | 10.00% | 0.00% | 7.08% | 15.11% | 7.98% | 14.81% | 7.01% | 4.64% | 0.00% | 7.56% |
WWNPX Kinetics Paradigm Fund | 6.63% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BUFTX and WWNPX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWNPX has higher volatility (6.96%) compared to BUFTX (6.19%). In terms of maximum drawdown, BUFTX dropped -60.45% vs WWNPX's -67.87%.
WWNPX currently has the higher Sharpe Ratio (0.40 vs -0.42), 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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