CIPIX vs. LSHAX
CIPIX (Champlain Mid Cap Fund Institutional Class) and LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, CIPIX returned 9.22%/yr vs 17.42%/yr for LSHAX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. CIPIX charges 0.84%/yr vs 1.68%/yr for LSHAX.
Performance
CIPIX vs. LSHAX - Performance Comparison
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Returns By Period
In the year-to-date period, CIPIX achieves a 2.75% return, which is significantly lower than LSHAX's 32.50% return. Over the past 10 years, CIPIX has underperformed LSHAX with an annualized return of 9.22%, while LSHAX has yielded a comparatively higher 17.42% annualized return.
CIPIX
- 1D
- -0.19%
- 1M
- -0.93%
- 6M
- 3.60%
- YTD
- 2.75%
- 1Y
- 3.68%
- 3Y*
- 4.34%
- 5Y*
- 0.10%
- 10Y*
- 9.22%
- ALL TIME*
- 9.78%
LSHAX
- 1D
- 1.05%
- 1M
- -2.20%
- 6M
- 12.03%
- YTD
- 32.50%
- 1Y
- 24.27%
- 3Y*
- 25.70%
- 5Y*
- 14.50%
- 10Y*
- 17.42%
- ALL TIME*
- 8.46%
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 |
CIPIX vs. LSHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | 2.75% | 1.66% | 5.93% | 15.66% | -26.32% | 24.78% | 29.40% | 26.56% | 3.65% | 13.98% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 32.50% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -8.18% | 15.65% |
Correlation
The correlation between CIPIX and LSHAX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.58 |
Over the past year, the correlation between CIPIX and LSHAX has dropped to 0.23 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
CIPIX vs. LSHAX — Risk / Return Rank
CIPIX
LSHAX
CIPIX vs. LSHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund Institutional Class (CIPIX) and Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX). 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.
| CIPIX | LSHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 0.65 | -0.66 |
| Martin ratioReturn relative to average drawdown | -0.01 | 1.43 | -1.44 |
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Drawdowns
CIPIX vs. LSHAX - Drawdown Comparison
The maximum CIPIX drawdown since its inception was -33.84%, smaller than the maximum LSHAX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for CIPIX and LSHAX.
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Drawdown Indicators
| CIPIX | LSHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -69.03% | +35.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -28.39% | +13.74% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -45.79% | +23.09% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -45.79% | +12.77% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -50.78% | +16.94% |
Current DrawdownCurrent decline from peak | -7.65% | -25.49% | +17.84% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -21.96% | +14.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 13.03% | -7.32% |
Volatility
CIPIX vs. LSHAX - Volatility Comparison
The current volatility for Champlain Mid Cap Fund Institutional Class (CIPIX) is 3.65%, while Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a volatility of 8.73%. This indicates that CIPIX experiences smaller price fluctuations and is considered to be less risky than LSHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIPIX | LSHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 8.73% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 30.05% | -18.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 38.97% | -23.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 34.59% | -15.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 30.98% | -12.17% |
CIPIX vs. LSHAX - Expense Ratio Comparison
CIPIX has a 0.84% expense ratio, which is lower than LSHAX's 1.68% expense ratio.
Dividends
CIPIX vs. LSHAX - Dividend Comparison
CIPIX's dividend yield for the trailing twelve months is around 16.77%, more than LSHAX's 8.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | 16.77% | 17.23% | 7.33% | 0.31% | 1.39% | 9.92% | 4.49% | 4.01% | 6.57% | 0.14% | 4.28% | 8.40% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 8.75% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% | 0.00% |
Frequently Asked Questions
CIPIX and LSHAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSHAX has higher volatility (8.73%) compared to CIPIX (3.65%). In terms of maximum drawdown, CIPIX dropped -33.84% vs LSHAX's -69.03%.
LSHAX currently has the higher Sharpe Ratio (0.47 vs -0.00), 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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