KMKAX vs. PRWAX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KMKAX or PRWAX.
Correlation
The correlation between KMKAX and PRWAX is 0.64, 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. PRWAX - Performance Comparison
Key characteristics
KMKAX:
2.17
PRWAX:
0.44
KMKAX:
2.79
PRWAX:
0.73
KMKAX:
1.38
PRWAX:
1.10
KMKAX:
3.00
PRWAX:
0.44
KMKAX:
6.83
PRWAX:
1.73
KMKAX:
10.88%
PRWAX:
4.83%
KMKAX:
34.27%
PRWAX:
19.23%
KMKAX:
-66.35%
PRWAX:
-55.06%
KMKAX:
-15.49%
PRWAX:
-9.79%
Returns By Period
In the year-to-date period, KMKAX achieves a 11.71% return, which is significantly higher than PRWAX's -4.98% return. Over the past 10 years, KMKAX has outperformed PRWAX with an annualized return of 18.70%, while PRWAX has yielded a comparatively lower 14.78% annualized return.
KMKAX
11.71%
-0.40%
20.39%
75.01%
31.11%
18.70%
PRWAX
-4.98%
-2.20%
-3.52%
9.17%
16.73%
14.78%
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KMKAX vs. PRWAX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
KMKAX vs. PRWAX — Risk-Adjusted Performance Rank
KMKAX
PRWAX
KMKAX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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. PRWAX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.59%, less than PRWAX's 9.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 0.59% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% | 0.00% | 0.00% | 0.00% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 9.71% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% |
Drawdowns
KMKAX vs. PRWAX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -66.35%, which is greater than PRWAX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for KMKAX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
KMKAX vs. PRWAX - Volatility Comparison
Kinetics Market Opportunities Fund (KMKAX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX) have volatilities of 13.20% and 13.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.