FGSIX vs. LSHAX
FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) and LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, FGSIX returned 14.83%/yr vs 17.42%/yr for LSHAX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. FGSIX charges 0.85%/yr vs 1.68%/yr for LSHAX.
Performance
FGSIX vs. LSHAX - Performance Comparison
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Returns By Period
In the year-to-date period, FGSIX achieves a -0.65% return, which is significantly lower than LSHAX's 32.50% return. Over the past 10 years, FGSIX has underperformed LSHAX with an annualized return of 14.83%, while LSHAX has yielded a comparatively higher 17.42% annualized return.
FGSIX
- 1D
- 2.56%
- 1M
- -1.52%
- 6M
- 0.26%
- YTD
- -0.65%
- 1Y
- -1.62%
- 3Y*
- 15.84%
- 5Y*
- 8.19%
- 10Y*
- 14.83%
- ALL TIME*
- 13.50%
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 |
FGSIX vs. LSHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | -0.65% | 10.87% | 33.37% | 27.44% | -24.39% | 22.77% | 35.86% | 28.34% | -3.00% | 24.70% |
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 FGSIX and LSHAX is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.57 |
The correlation between FGSIX and LSHAX shifts across timeframes, from -0.04 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGSIX vs. LSHAX — Risk / Return Rank
FGSIX
LSHAX
FGSIX vs. LSHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) 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.
| FGSIX | LSHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.12 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.65 | -0.73 |
| Martin ratioReturn relative to average drawdown | -0.21 | 1.43 | -1.64 |
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Drawdowns
FGSIX vs. LSHAX - Drawdown Comparison
The maximum FGSIX drawdown since its inception was -37.16%, smaller than the maximum LSHAX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for FGSIX and LSHAX.
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Drawdown Indicators
| FGSIX | LSHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -69.03% | +31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -28.39% | +15.03% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -45.79% | +21.33% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -45.79% | +10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -50.78% | +13.62% |
Current DrawdownCurrent decline from peak | -4.91% | -25.49% | +20.58% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -21.96% | +14.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 13.03% | -8.00% |
Volatility
FGSIX vs. LSHAX - Volatility Comparison
The current volatility for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) is 4.97%, while Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a volatility of 8.73%. This indicates that FGSIX 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
| FGSIX | LSHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 8.73% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 30.05% | -16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 38.97% | -21.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 34.59% | -12.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 30.98% | -8.72% |
FGSIX vs. LSHAX - Expense Ratio Comparison
FGSIX has a 0.85% expense ratio, which is lower than LSHAX's 1.68% expense ratio.
Dividends
FGSIX vs. LSHAX - Dividend Comparison
FGSIX's dividend yield for the trailing twelve months is around 4.59%, less than LSHAX's 8.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 4.59% | 4.56% | 4.02% | 0.00% | 2.17% | 24.31% | 6.77% | 7.83% | 14.02% | 13.59% | 1.11% | 24.86% |
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
FGSIX and LSHAX have a correlation of -0.04, 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 FGSIX (4.97%). In terms of maximum drawdown, FGSIX dropped -37.16% vs LSHAX's -69.03%.
LSHAX currently has the higher Sharpe Ratio (0.47 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.
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