FQTEX vs. WWWEX

Last updated Aug 1, 2026

FQTEX (Franklin Templeton SMACS: Series E) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 5 years, FQTEX returned 11.15%/yr vs 13.30%/yr for WWWEX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. FQTEX charges 0.00%/yr vs 1.39%/yr for WWWEX.

Performance

FQTEX vs. WWWEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Templeton SMACS: Series E (FQTEX) and Kinetics The Global Fund (WWWEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FQTEX achieves a 8.58% return, which is significantly higher than WWWEX's 4.79% return.

FQTEX

• 1D: 0.55%
• 1M: 1.33%
• 6M: 4.77%
• YTD: 8.58%
• 1Y: 20.98%
• 3Y*: 13.74%
• 5Y*: 11.15%
• 10Y*: —
• ALL TIME*: 12.98%

WWWEX

• 1D: 1.26%
• 1M: 1.02%
• 6M: -0.88%
• YTD: 4.79%
• 1Y: 0.83%
• 3Y*: 28.06%
• 5Y*: 13.30%
• 10Y*: 15.16%
• ALL TIME*: 4.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FQTEX Franklin Templeton SMACS: Series E	$0.00	$0.00	$0.00
WWWEX Kinetics The Global Fund	$0.00	$0.00	$0.00

FQTEX vs. WWWEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FQTEX Franklin Templeton SMACS: Series E	8.58%	18.87%	11.38%	11.57%	-0.98%	25.45%	3.35%	16.31%
WWWEX Kinetics The Global Fund	4.79%	2.89%	72.15%	11.83%	-6.45%	16.29%	25.00%	1.84%

Correlation

The correlation between FQTEX and WWWEX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (All Time) Calculated using the full available price history since Jun 3, 2019	0.51

The correlation between FQTEX and WWWEX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.

Return for Risk

FQTEX vs. WWWEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FQTEX

FQTEX Risk / Return Rank: 83
FQTEX Sharpe Ratio Rank: 82
FQTEX Sortino Ratio Rank: 80
FQTEX Omega Ratio Rank: 78
FQTEX Calmar Ratio Rank: 88
FQTEX Martin Ratio Rank: 87

WWWEX

WWWEX Risk / Return Rank: 4
WWWEX Sharpe Ratio Rank: 4
WWWEX Sortino Ratio Rank: 4
WWWEX Omega Ratio Rank: 4
WWWEX Calmar Ratio Rank: 4
WWWEX Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FQTEX vs. WWWEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Templeton SMACS: Series E (FQTEX) 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.

	FQTEX	WWWEX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	-0.06	+2.04
Sortino ratio: Return per unit of downside risk	2.82	0.04	+2.78
Omega ratio: Gain probability vs. loss probability	1.36	1.00	+0.35
Calmar ratio: Return relative to maximum drawdown	3.25	-0.07	+3.32
Martin ratio: Return relative to average drawdown	11.43	-0.15	+11.58

FQTEX vs. WWWEX - Sharpe Ratio Comparison

The current FQTEX Sharpe Ratio is 1.98, which is higher than the WWWEX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of FQTEX and WWWEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FQTEX vs. WWWEX - Drawdown Comparison

The maximum FQTEX drawdown since its inception was -33.47%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for FQTEX and WWWEX.

Drawdown Indicators

	FQTEX	WWWEX	Difference
Max Drawdown Largest peak-to-trough decline	-33.47%	-82.60%	+49.13%
Max Drawdown (1Y) Largest decline over 1 year	-5.77%	-13.86%	+8.09%
Max Drawdown (3Y) Largest decline over 3 years	-15.27%	-17.66%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-16.47%	-26.62%	+10.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.00%	—
Current Drawdown Current decline from peak	-0.88%	-9.61%	+8.73%
Average Drawdown Average peak-to-trough decline	-3.37%	-41.12%	+37.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	6.63%	-4.97%

Volatility

FQTEX vs. WWWEX - Volatility Comparison

The current volatility for Franklin Templeton SMACS: Series E (FQTEX) is 2.61%, while Kinetics The Global Fund (WWWEX) has a volatility of 3.67%. This indicates that FQTEX 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.

Volatility by Period

	FQTEX	WWWEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	3.67%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	7.09%	13.30%	-6.21%
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	17.34%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.96%	19.41%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	19.24%	-2.61%

FQTEX vs. WWWEX - Expense Ratio Comparison

FQTEX has a 0.00% expense ratio, which is lower than WWWEX's 1.39% expense ratio.

Dividends

FQTEX vs. WWWEX - Dividend Comparison

FQTEX's dividend yield for the trailing twelve months is around 5.95%, more than WWWEX's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FQTEX Franklin Templeton SMACS: Series E	5.95%	4.74%	6.17%	6.56%	7.78%	10.36%	4.31%	4.13%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both FQTEX and WWWEX in my portfolio?

FQTEX and WWWEX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FQTEX or WWWEX?

WWWEX has higher volatility (3.67%) compared to FQTEX (2.61%). In terms of maximum drawdown, FQTEX dropped -33.47% vs WWWEX's -82.60%.

Which has better risk-adjusted returns?

FQTEX currently has the higher Sharpe Ratio (1.98 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.