GWGIX vs. KMKAX
Compare and contrast key facts about AMG GW&K Small/Mid Cap Fund (GWGIX) and Kinetics Market Opportunities Fund (KMKAX).
GWGIX is managed by AMG. It was launched on Jun 30, 2015. KMKAX is managed by Kinetics. It was launched on Jan 31, 2006.
Performance
GWGIX vs. KMKAX - Performance Comparison
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GWGIX vs. KMKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 3.53% | 1.53% | 10.85% | 14.76% | -18.09% | 26.01% | 23.31% | 31.02% | -8.14% | 15.44% |
KMKAX Kinetics Market Opportunities Fund | 22.43% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
Returns By Period
In the year-to-date period, GWGIX achieves a 3.53% return, which is significantly lower than KMKAX's 22.43% return. Over the past 10 years, GWGIX has underperformed KMKAX with an annualized return of 10.12%, while KMKAX has yielded a comparatively higher 20.79% annualized return.
GWGIX
- 1D
- 3.32%
- 1M
- -5.86%
- YTD
- 3.53%
- 6M
- 2.05%
- 1Y
- 14.15%
- 3Y*
- 8.74%
- 5Y*
- 4.28%
- 10Y*
- 10.12%
KMKAX
- 1D
- 1.40%
- 1M
- -7.66%
- YTD
- 22.43%
- 6M
- 11.30%
- 1Y
- 6.24%
- 3Y*
- 32.07%
- 5Y*
- 14.91%
- 10Y*
- 20.79%
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GWGIX vs. KMKAX - Expense Ratio Comparison
GWGIX has a 0.87% expense ratio, which is lower than KMKAX's 1.65% expense ratio.
Return for Risk
GWGIX vs. KMKAX — Risk / Return Rank
GWGIX
KMKAX
GWGIX vs. KMKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small/Mid Cap Fund (GWGIX) and Kinetics Market Opportunities Fund (KMKAX). 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.
| GWGIX | KMKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.31 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.08 | 0.60 | +0.48 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.41 | +0.41 |
Martin ratioReturn relative to average drawdown | 3.12 | 0.76 | +2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GWGIX | KMKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.31 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.57 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.89 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.56 | -0.07 |
Correlation
The correlation between GWGIX and KMKAX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GWGIX vs. KMKAX - Dividend Comparison
GWGIX has not paid dividends to shareholders, while KMKAX's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 0.00% | 0.00% | 0.95% | 0.19% | 4.22% | 5.45% | 0.12% | 0.37% | 2.48% | 1.46% | 0.05% |
KMKAX Kinetics Market Opportunities Fund | 0.50% | 0.61% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% | 0.00% |
Drawdowns
GWGIX vs. KMKAX - Drawdown Comparison
The maximum GWGIX drawdown since its inception was -37.41%, smaller than the maximum KMKAX drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for GWGIX and KMKAX.
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Drawdown Indicators
| GWGIX | KMKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.41% | -65.57% | +28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -19.64% | +6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.18% | -31.56% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -37.41% | -31.56% | -5.85% |
Current DrawdownCurrent decline from peak | -6.91% | -10.45% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -15.53% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 10.65% | -7.01% |
Volatility
GWGIX vs. KMKAX - Volatility Comparison
AMG GW&K Small/Mid Cap Fund (GWGIX) and Kinetics Market Opportunities Fund (KMKAX) have volatilities of 7.36% and 7.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWGIX | KMKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 7.05% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 17.86% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 24.60% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 26.44% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 23.39% | -3.19% |