KMKAX vs. FAMVX
KMKAX (Kinetics Market Opportunities Fund) and FAMVX (FAM Value Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, KMKAX returned 19.61%/yr vs 10.52%/yr for FAMVX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. KMKAX charges 1.65%/yr vs 1.19%/yr for FAMVX.
Performance
KMKAX vs. FAMVX - Performance Comparison
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Returns By Period
In the year-to-date period, KMKAX achieves a 14.25% return, which is significantly higher than FAMVX's 8.68% return. Over the past 10 years, KMKAX has outperformed FAMVX with an annualized return of 19.61%, while FAMVX has yielded a comparatively lower 10.52% annualized return.
KMKAX
- 1D
- 0.65%
- 1M
- 0.71%
- 6M
- 6.90%
- YTD
- 14.25%
- 1Y
- 8.46%
- 3Y*
- 31.08%
- 5Y*
- 15.16%
- 10Y*
- 19.61%
- ALL TIME*
- 12.04%
FAMVX
- 1D
- -0.11%
- 1M
- 0.56%
- 6M
- 5.29%
- YTD
- 8.68%
- 1Y
- 11.90%
- 3Y*
- 11.91%
- 5Y*
- 7.07%
- 10Y*
- 10.52%
- ALL TIME*
- 9.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FAMVX FAM Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
KMKAX vs. FAMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 14.25% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
FAMVX FAM Value Fund | 8.68% | 4.90% | 15.51% | 16.09% | -14.06% | 25.65% | 6.81% | 30.31% | -6.15% | 17.34% |
Correlation
The correlation between KMKAX and FAMVX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.62 |
Over the past year, the correlation between KMKAX and FAMVX has dropped to 0.36 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
KMKAX vs. FAMVX — Risk / Return Rank
KMKAX
FAMVX
KMKAX vs. FAMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and FAM Value Fund (FAMVX). 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.
| KMKAX | FAMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.08 | -0.77 |
| Martin ratioReturn relative to average drawdown | 0.69 | 3.30 | -2.61 |
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Drawdowns
KMKAX vs. FAMVX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -65.57%, which is greater than FAMVX's maximum drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for KMKAX and FAMVX.
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Drawdown Indicators
| KMKAX | FAMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.57% | -51.12% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -20.20% | -9.47% | -10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.45% | -16.74% | -11.71% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -22.77% | -8.79% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | -37.73% | +6.17% |
Current DrawdownCurrent decline from peak | -16.43% | -1.11% | -15.32% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -6.40% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 3.10% | +6.03% |
Volatility
KMKAX vs. FAMVX - Volatility Comparison
Kinetics Market Opportunities Fund (KMKAX) has a higher volatility of 5.27% compared to FAM Value Fund (FAMVX) at 3.48%. This indicates that KMKAX's price experiences larger fluctuations and is considered to be riskier than FAMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMKAX | FAMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.27% | 3.48% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 19.50% | 10.60% | +8.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 13.91% | +10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 17.13% | +9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.79% | 18.19% | +5.60% |
KMKAX vs. FAMVX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than FAMVX's 1.19% expense ratio.
Dividends
KMKAX vs. FAMVX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.53%, less than FAMVX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMVX FAM Value Fund | 4.51% | 4.90% | 6.28% | 5.01% | 3.67% | 4.99% | 3.69% | 6.80% | 4.09% | 5.06% | 5.21% | 9.06% |
KMKAX Kinetics Market Opportunities Fund | 0.53% | 0.61% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% | 0.00% | 0.00% |
Frequently Asked Questions
KMKAX and FAMVX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMKAX has higher volatility (5.27%) compared to FAMVX (3.48%). In terms of maximum drawdown, KMKAX dropped -65.57% vs FAMVX's -51.12%.
FAMVX currently has the higher Sharpe Ratio (0.74 vs 0.26), 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.
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