KMKAX vs. FSELX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and Fidelity Select Semiconductors Portfolio (FSELX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Performance
KMKAX vs. FSELX - Performance Comparison
Loading graphics...
KMKAX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSELX Fidelity Select Semiconductors Portfolio | 7.19% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Returns By Period
In the year-to-date period, KMKAX achieves a 22.43% return, which is significantly higher than FSELX's 7.19% return. Over the past 10 years, KMKAX has underperformed FSELX with an annualized return of 20.79%, while FSELX has yielded a comparatively higher 32.33% annualized return.
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%
FSELX
- 1D
- 7.19%
- 1M
- -4.24%
- YTD
- 7.19%
- 6M
- 13.70%
- 1Y
- 97.02%
- 3Y*
- 46.40%
- 5Y*
- 31.60%
- 10Y*
- 32.33%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
KMKAX vs. FSELX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Return for Risk
KMKAX vs. FSELX — Risk / Return Rank
KMKAX
FSELX
KMKAX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Fidelity Select Semiconductors Portfolio (FSELX). 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.
| KMKAX | FSELX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.31 | 2.40 | -2.08 |
Sortino ratioReturn per unit of downside risk | 0.60 | 3.02 | -2.42 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.43 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.41 | 5.65 | -5.24 |
Martin ratioReturn relative to average drawdown | 0.76 | 22.93 | -22.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| KMKAX | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 2.40 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.82 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.93 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.50 | +0.06 |
Correlation
The correlation between KMKAX and FSELX is 0.53, 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
KMKAX vs. FSELX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.50%, less than FSELX's 10.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FSELX Fidelity Select Semiconductors Portfolio | 10.36% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Drawdowns
KMKAX vs. FSELX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -65.57%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for KMKAX and FSELX.
Loading graphics...
Drawdown Indicators
| KMKAX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.57% | -82.54% | +16.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.64% | -17.23% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -46.37% | +14.81% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | -46.37% | +14.81% |
Current DrawdownCurrent decline from peak | -10.45% | -8.22% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -28.82% | +13.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.65% | 4.24% | +6.41% |
Volatility
KMKAX vs. FSELX - Volatility Comparison
The current volatility for Kinetics Market Opportunities Fund (KMKAX) is 7.05%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 12.78%. This indicates that KMKAX experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| KMKAX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.05% | 12.78% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.86% | 25.83% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.60% | 41.39% | -16.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.44% | 38.69% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 34.78% | -11.39% |