HSLYX vs. KSOAX

Last updated Aug 1, 2026

HSLYX (Hartford Small Cap Growth Fund) and KSOAX (Kinetics Small Capital Opportunities Advisor Fund Class A) are both Small Cap Growth Equities funds. Over the past 10 years, HSLYX returned 9.40%/yr vs 19.27%/yr for KSOAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. HSLYX charges 0.87%/yr vs 1.89%/yr for KSOAX.

Performance

HSLYX vs. KSOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Small Cap Growth Fund (HSLYX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSLYX achieves a 16.62% return, which is significantly lower than KSOAX's 21.01% return. Over the past 10 years, HSLYX has underperformed KSOAX with an annualized return of 9.40%, while KSOAX has yielded a comparatively higher 19.27% annualized return.

HSLYX

• 1D: 2.88%
• 1M: -4.45%
• 6M: 11.88%
• YTD: 16.62%
• 1Y: 31.41%
• 3Y*: 12.06%
• 5Y*: 2.76%
• 10Y*: 9.40%
• ALL TIME*: 8.81%

KSOAX

• 1D: 0.90%
• 1M: -1.34%
• 6M: 6.83%
• YTD: 21.01%
• 1Y: 16.13%
• 3Y*: 24.16%
• 5Y*: 14.63%
• 10Y*: 19.27%
• ALL TIME*: 11.79%

*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)
HSLYX Hartford Small Cap Growth Fund	$0.00	$0.00	$0.00
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A	$0.00	$0.00	$0.00

HSLYX vs. KSOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HSLYX Hartford Small Cap Growth Fund	16.62%	6.86%	11.36%	18.16%	-28.82%	3.49%	32.45%	37.76%	-12.65%	20.14%
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A	21.01%	-8.89%	68.00%	-14.98%	31.64%	49.94%	2.04%	26.72%	0.00%	25.94%

Correlation

The correlation between HSLYX and KSOAX is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.51
Correlation (10Y) Provides a long-term view across more market conditions.	0.55
Correlation (All Time) Calculated using the full available price history since Feb 15, 2002	0.67

Over the past year, the correlation between HSLYX and KSOAX has dropped to 0.37 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

HSLYX vs. KSOAX — Risk / Return Rank

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

HSLYX

HSLYX Risk / Return Rank: 45
HSLYX Sharpe Ratio Rank: 40
HSLYX Sortino Ratio Rank: 41
HSLYX Omega Ratio Rank: 36
HSLYX Calmar Ratio Rank: 56
HSLYX Martin Ratio Rank: 53

KSOAX

KSOAX Risk / Return Rank: 12
KSOAX Sharpe Ratio Rank: 12
KSOAX Sortino Ratio Rank: 13
KSOAX Omega Ratio Rank: 14
KSOAX Calmar Ratio Rank: 12
KSOAX Martin Ratio Rank: 11

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.

HSLYX vs. KSOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Small Cap Growth Fund (HSLYX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). 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.

	HSLYX	KSOAX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.45	+0.77
Sortino ratio: Return per unit of downside risk	1.81	0.80	+1.01
Omega ratio: Gain probability vs. loss probability	1.21	1.10	+0.11
Calmar ratio: Return relative to maximum drawdown	2.04	0.58	+1.46
Martin ratio: Return relative to average drawdown	7.43	1.31	+6.13

HSLYX vs. KSOAX - Sharpe Ratio Comparison

The current HSLYX Sharpe Ratio is 1.23, which is higher than the KSOAX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of HSLYX and KSOAX, 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

HSLYX vs. KSOAX - Drawdown Comparison

The maximum HSLYX drawdown since its inception was -59.62%, smaller than the maximum KSOAX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for HSLYX and KSOAX.

Drawdown Indicators

	HSLYX	KSOAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.62%	-70.21%	+10.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.38%	-21.60%	+8.22%
Max Drawdown (3Y) Largest decline over 3 years	-31.16%	-33.28%	+2.12%
Max Drawdown (5Y) Largest decline over 5 years	-39.72%	-33.28%	-6.44%
Max Drawdown (10Y) Largest decline over 10 years	-40.64%	-47.11%	+6.47%
Current Drawdown Current decline from peak	-6.48%	-17.22%	+10.74%
Average Drawdown Average peak-to-trough decline	-12.59%	-15.88%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	9.64%	-5.95%

Volatility

HSLYX vs. KSOAX - Volatility Comparison

The current volatility for Hartford Small Cap Growth Fund (HSLYX) is 6.30%, while Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) has a volatility of 7.17%. This indicates that HSLYX experiences smaller price fluctuations and is considered to be less risky than KSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSLYX	KSOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	7.17%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	17.55%	22.35%	-4.80%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	27.68%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.00%	28.02%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.00%	26.32%	-2.32%

HSLYX vs. KSOAX - Expense Ratio Comparison

HSLYX has a 0.87% expense ratio, which is lower than KSOAX's 1.89% expense ratio.

Dividends

HSLYX vs. KSOAX - Dividend Comparison

HSLYX's dividend yield for the trailing twelve months is around 6.35%, while KSOAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSLYX Hartford Small Cap Growth Fund	6.35%	7.41%	12.15%	2.89%	0.00%	20.41%	6.23%	2.68%	28.57%	4.51%	0.58%	8.29%
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A	0.00%	0.00%	3.52%	6.72%	0.00%	1.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HSLYX and KSOAX in my portfolio?

HSLYX and KSOAX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HSLYX or KSOAX?

KSOAX has higher volatility (7.17%) compared to HSLYX (6.30%). In terms of maximum drawdown, HSLYX dropped -59.62% vs KSOAX's -70.21%.

Which has better risk-adjusted returns?

HSLYX currently has the higher Sharpe Ratio (1.23 vs 0.45), 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.