KMKAX vs. FSPTX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and Fidelity Select Technology Portfolio (FSPTX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. FSPTX is managed by Fidelity. It was launched on Jul 13, 1981.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KMKAX or FSPTX.
Correlation
The correlation between KMKAX and FSPTX is 0.57, 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.
Performance
KMKAX vs. FSPTX - Performance Comparison
Key characteristics
KMKAX:
3.45
FSPTX:
1.14
KMKAX:
4.14
FSPTX:
1.61
KMKAX:
1.58
FSPTX:
1.21
KMKAX:
4.35
FSPTX:
1.75
KMKAX:
13.13
FSPTX:
5.64
KMKAX:
8.10%
FSPTX:
4.98%
KMKAX:
30.90%
FSPTX:
24.63%
KMKAX:
-66.35%
FSPTX:
-84.32%
KMKAX:
-11.99%
FSPTX:
-1.26%
Returns By Period
In the year-to-date period, KMKAX achieves a 16.47% return, which is significantly higher than FSPTX's 3.31% return. Over the past 10 years, KMKAX has underperformed FSPTX with an annualized return of 18.10%, while FSPTX has yielded a comparatively higher 20.80% annualized return.
KMKAX
16.47%
-1.29%
52.11%
106.14%
26.91%
18.10%
FSPTX
3.31%
2.17%
10.86%
31.28%
20.92%
20.80%
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KMKAX vs. FSPTX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than FSPTX's 0.67% expense ratio.
Risk-Adjusted Performance
KMKAX vs. FSPTX — Risk-Adjusted Performance Rank
KMKAX
FSPTX
KMKAX vs. FSPTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Fidelity Select Technology Portfolio (FSPTX). 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.
Dividends
KMKAX vs. FSPTX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.46%, less than FSPTX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 0.46% | 0.53% | 0.69% | 0.00% | 1.19% | 0.02% | 0.07% | 0.00% | 0.51% | 0.00% | 0.00% | 0.00% |
FSPTX Fidelity Select Technology Portfolio | 4.56% | 4.71% | 0.01% | 3.95% | 11.62% | 18.86% | 1.61% | 23.63% | 8.31% | 1.49% | 4.28% | 17.85% |
Drawdowns
KMKAX vs. FSPTX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -66.35%, smaller than the maximum FSPTX drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for KMKAX and FSPTX. For additional features, visit the drawdowns tool.
Volatility
KMKAX vs. FSPTX - Volatility Comparison
The current volatility for Kinetics Market Opportunities Fund (KMKAX) is 7.69%, while Fidelity Select Technology Portfolio (FSPTX) has a volatility of 8.57%. This indicates that KMKAX experiences smaller price fluctuations and is considered to be less risky than FSPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.