KAMIX vs. OTRFX
KAMIX (Kensington Managed Income Fund) and OTRFX (OnTrack Core Fund) are both mutual funds - KAMIX is a Nontraditional Bonds fund managed by Advisors Preferred, while OTRFX is a Macro Trading fund managed by Advisors Preferred. Over the past 3 years, KAMIX returned 5.28%/yr vs 6.21%/yr for OTRFX. A 0.52 correlation means they provide meaningful diversification when combined. KAMIX charges 1.36%/yr vs 2.58%/yr for OTRFX.
Performance
KAMIX vs. OTRFX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KAMIX achieves a 1.93% return, which is significantly lower than OTRFX's 5.21% return.
KAMIX
- 1D
- 0.21%
- 1M
- 0.72%
- YTD
- 1.93%
- 6M
- 2.20%
- 1Y
- 6.55%
- 3Y*
- 5.28%
- 5Y*
- —
- 10Y*
- —
OTRFX
- 1D
- 0.06%
- 1M
- 0.93%
- YTD
- 5.21%
- 6M
- 5.21%
- 1Y
- 11.69%
- 3Y*
- 6.21%
- 5Y*
- 1.99%
- 10Y*
- 5.30%
KAMIX vs. OTRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KAMIX Kensington Managed Income Fund | 1.93% | 4.32% | 4.38% | 3.96% | -2.13% |
OTRFX OnTrack Core Fund | 5.21% | 6.12% | -0.12% | 5.37% | -2.16% |
Correlation
The correlation between KAMIX and OTRFX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.52 |
The correlation between KAMIX and OTRFX has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KAMIX vs. OTRFX — Risk / Return Rank
KAMIX
OTRFX
KAMIX vs. OTRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kensington Managed Income Fund (KAMIX) and OnTrack Core Fund (OTRFX). 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.
| KAMIX | OTRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.73 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.91 | -1.25 |
| Martin ratioReturn relative to average drawdown | 11.98 | 8.50 | +3.47 |
Loading charts...
Drawdowns
KAMIX vs. OTRFX - Drawdown Comparison
The maximum KAMIX drawdown since its inception was -6.11%, smaller than the maximum OTRFX drawdown of -9.73%. Use the drawdown chart below to compare losses from any high point for KAMIX and OTRFX.
Loading charts...
Drawdown Indicators
| KAMIX | OTRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.11% | -9.73% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -3.02% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -5.76% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.51% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.95% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -2.97% | +0.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 1.39% | -0.82% |
Volatility
KAMIX vs. OTRFX - Volatility Comparison
Kensington Managed Income Fund (KAMIX) has a higher volatility of 1.09% compared to OnTrack Core Fund (OTRFX) at 0.53%. This indicates that KAMIX's price experiences larger fluctuations and is considered to be riskier than OTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KAMIX | OTRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.53% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.85% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.16% | 4.15% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.81% | 3.07% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 3.60% | +0.21% |
KAMIX vs. OTRFX - Expense Ratio Comparison
KAMIX has a 1.36% expense ratio, which is lower than OTRFX's 2.58% expense ratio.
Dividends
KAMIX vs. OTRFX - Dividend Comparison
KAMIX's dividend yield for the trailing twelve months is around 5.59%, less than OTRFX's 12.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KAMIX Kensington Managed Income Fund | 5.59% | 4.57% | 5.60% | 4.15% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OTRFX OnTrack Core Fund | 12.40% | 13.04% | 8.01% | 0.14% | 1.39% | 7.10% | 2.36% | 1.38% | 7.15% | 2.69% | 7.05% | 6.15% |
Frequently Asked Questions
KAMIX and OTRFX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KAMIX has higher volatility (1.09%) compared to OTRFX (0.53%). In terms of maximum drawdown, KAMIX dropped -6.11% vs OTRFX's -9.73%.
OTRFX currently has the higher Sharpe Ratio (2.85 vs 2.15), 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.
Find the right allocation for KAMIX and OTRFX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer