KMKAX vs. HFMDX

In the year-to-date period, KMKAX achieves a 11.71% return, which is significantly higher than HFMDX's -13.63% return. Over the past 10 years, KMKAX has outperformed HFMDX with an annualized return of 17.53%, while HFMDX has yielded a comparatively lower 0.04% annualized return.

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KMKAX has a 1.65% expense ratio, which is higher than HFMDX's 1.36% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Hennessy Cornerstone Mid Cap 30 Fund (HFMDX). 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.

The current KMKAX Sharpe Ratio is 2.16, which is higher than the HFMDX Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of KMKAX and HFMDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

KMKAX's dividend yield for the trailing twelve months is around 0.48%, more than HFMDX's 0.23% yield.

The maximum KMKAX drawdown since its inception was -66.35%, smaller than the maximum HFMDX drawdown of -71.75%. Use the drawdown chart below to compare losses from any high point for KMKAX and HFMDX. For additional features, visit the drawdowns tool.

The current volatility for Kinetics Market Opportunities Fund (KMKAX) is 13.20%, while Hennessy Cornerstone Mid Cap 30 Fund (HFMDX) has a volatility of 14.20%. This indicates that KMKAX experiences smaller price fluctuations and is considered to be less risky than HFMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.