KMKAX vs. KSCOX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and Kinetics Small Cap Opportunities Fund (KSCOX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. KSCOX is managed by Kinetics. It was launched on Mar 20, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KMKAX or KSCOX.
Key characteristics
| KMKAX | KSCOX | |
|---|---|---|
| YTD Return | 104.91% | 94.27% |
| 1Y Return | 107.45% | 82.58% |
| 3Y Return (Ann) | 24.73% | 25.61% |
| 5Y Return (Ann) | 27.94% | 28.11% |
| 10Y Return (Ann) | 17.44% | 18.10% |
| Sharpe Ratio | 4.31 | 3.56 |
| Sortino Ratio | 5.49 | 4.67 |
| Omega Ratio | 1.75 | 1.69 |
| Calmar Ratio | 5.34 | 2.99 |
| Martin Ratio | 36.87 | 18.82 |
| Ulcer Index | 2.96% | 4.58% |
| Daily Std Dev | 25.32% | 24.22% |
| Max Drawdown | -66.35% | -70.78% |
| Current Drawdown | -1.75% | -2.03% |
Correlation
The correlation between KMKAX and KSCOX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KMKAX vs. KSCOX - Performance Comparison
In the year-to-date period, KMKAX achieves a 104.91% return, which is significantly higher than KSCOX's 94.27% return. Both investments have delivered pretty close results over the past 10 years, with KMKAX having a 17.44% annualized return and KSCOX not far ahead at 18.10%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KMKAX vs. KSCOX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than KSCOX's 1.64% expense ratio.
Risk-Adjusted Performance
KMKAX vs. KSCOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Kinetics Small Cap Opportunities Fund (KSCOX). 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. KSCOX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.34%, less than KSCOX's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 0.34% | 0.69% | 0.00% | 1.19% | 0.02% | 0.07% | 0.00% | 0.51% | 0.00% | 0.00% | 0.00% | 0.37% |
KSCOX Kinetics Small Cap Opportunities Fund | 0.64% | 1.25% | 0.00% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KMKAX vs. KSCOX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -66.35%, smaller than the maximum KSCOX drawdown of -70.78%. Use the drawdown chart below to compare losses from any high point for KMKAX and KSCOX. For additional features, visit the drawdowns tool.
Volatility
KMKAX vs. KSCOX - Volatility Comparison
Kinetics Market Opportunities Fund (KMKAX) has a higher volatility of 7.02% compared to Kinetics Small Cap Opportunities Fund (KSCOX) at 6.24%. This indicates that KMKAX's price experiences larger fluctuations and is considered to be riskier than KSCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.