JDMNX vs. KMKNX
Compare and contrast key facts about Janus Henderson Enterprise Fund Class N (JDMNX) and Kinetics Market Opportunities Fund No Load Class (KMKNX).
JDMNX is an actively managed fund by Janus Henderson. It was launched on Sep 1, 1992. KMKNX is an actively managed fund by Kinetics. It was launched on Jan 31, 2006.
Performance
JDMNX vs. KMKNX - Performance Comparison
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JDMNX vs. KMKNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | -5.94% | 7.77% | 15.40% | 18.15% | -15.92% | 17.17% | 20.55% | 35.41% | -0.80% | 26.41% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 22.52% | -3.09% | 84.05% | -7.34% | 14.98% | 28.03% | 19.56% | 22.76% | -10.68% | 47.26% |
Returns By Period
In the year-to-date period, JDMNX achieves a -5.94% return, which is significantly lower than KMKNX's 22.52% return. Over the past 10 years, JDMNX has underperformed KMKNX with an annualized return of 11.70%, while KMKNX has yielded a comparatively higher 21.10% annualized return.
JDMNX
- 1D
- 2.72%
- 1M
- -5.69%
- YTD
- -5.94%
- 6M
- -3.85%
- 1Y
- 5.27%
- 3Y*
- 8.39%
- 5Y*
- 5.02%
- 10Y*
- 11.70%
KMKNX
- 1D
- 1.41%
- 1M
- -7.64%
- YTD
- 22.52%
- 6M
- 11.44%
- 1Y
- 6.51%
- 3Y*
- 32.40%
- 5Y*
- 15.19%
- 10Y*
- 21.10%
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JDMNX vs. KMKNX - Expense Ratio Comparison
JDMNX has a 0.66% expense ratio, which is lower than KMKNX's 1.40% expense ratio.
Return for Risk
JDMNX vs. KMKNX — Risk / Return Rank
JDMNX
KMKNX
JDMNX vs. KMKNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund Class N (JDMNX) and Kinetics Market Opportunities Fund No Load Class (KMKNX). 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.
| JDMNX | KMKNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.30 | 0.32 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.56 | 0.62 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.46 | 0.43 | +0.03 |
Martin ratioReturn relative to average drawdown | 1.60 | 0.79 | +0.81 |
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
| JDMNX | KMKNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 0.32 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.58 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.90 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.58 | +0.15 |
Correlation
The correlation between JDMNX and KMKNX is 0.54, 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
JDMNX vs. KMKNX - Dividend Comparison
JDMNX's dividend yield for the trailing twelve months is around 7.93%, more than KMKNX's 0.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 7.93% | 7.46% | 7.00% | 7.40% | 10.36% | 15.92% | 8.49% | 4.52% | 6.48% | 1.76% | 1.86% | 3.62% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 0.54% | 0.66% | 0.81% | 0.87% | 1.36% | 1.56% | 0.26% | 0.33% | 9.13% | 0.64% | 0.00% | 0.00% |
Drawdowns
JDMNX vs. KMKNX - Drawdown Comparison
The maximum JDMNX drawdown since its inception was -38.24%, smaller than the maximum KMKNX drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for JDMNX and KMKNX.
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Drawdown Indicators
| JDMNX | KMKNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -65.47% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -19.52% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.15% | -31.47% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -31.47% | -6.77% |
Current DrawdownCurrent decline from peak | -8.97% | -10.15% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -4.19% | -15.29% | +11.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 10.58% | -6.99% |
Volatility
JDMNX vs. KMKNX - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund Class N (JDMNX) is 5.41%, while Kinetics Market Opportunities Fund No Load Class (KMKNX) has a volatility of 7.07%. This indicates that JDMNX experiences smaller price fluctuations and is considered to be less risky than KMKNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDMNX | KMKNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 7.07% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 17.87% | -7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.66% | 24.61% | -5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 26.44% | -8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.67% | 23.39% | -4.72% |