KMKAX vs. RIPIX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and Royce International Premier Fund Institutional Class (RIPIX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. RIPIX is managed by Royce Investment Partners.
Performance
KMKAX vs. RIPIX - Performance Comparison
Loading graphics...
KMKAX vs. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 20.74% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -15.31% |
RIPIX Royce International Premier Fund Institutional Class | -9.90% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Returns By Period
In the year-to-date period, KMKAX achieves a 20.74% return, which is significantly higher than RIPIX's -9.90% return.
KMKAX
- 1D
- -4.58%
- 1M
- -7.38%
- YTD
- 20.74%
- 6M
- 11.41%
- 1Y
- 6.16%
- 3Y*
- 31.46%
- 5Y*
- 14.75%
- 10Y*
- 20.63%
RIPIX
- 1D
- -0.44%
- 1M
- -10.68%
- YTD
- -9.90%
- 6M
- -12.89%
- 1Y
- -0.99%
- 3Y*
- -2.49%
- 5Y*
- -4.59%
- 10Y*
- —
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. RIPIX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Return for Risk
KMKAX vs. RIPIX — Risk / Return Rank
KMKAX
RIPIX
KMKAX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Royce International Premier Fund Institutional Class (RIPIX). 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 | RIPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | -0.14 | +0.41 |
Sortino ratioReturn per unit of downside risk | 0.55 | -0.09 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.19 | +0.43 |
Martin ratioReturn relative to average drawdown | 0.45 | -0.51 | +0.96 |
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 | RIPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | -0.14 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | -0.30 | +0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.04 | +0.52 |
Correlation
The correlation between KMKAX and RIPIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
KMKAX vs. RIPIX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.50%, less than RIPIX's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RIPIX Royce International Premier Fund Institutional Class | 1.62% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% |
Drawdowns
KMKAX vs. RIPIX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -65.57%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for KMKAX and RIPIX.
Loading graphics...
Drawdown Indicators
| KMKAX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.57% | -41.89% | -23.68% |
Max Drawdown (1Y)Largest decline over 1 year | -19.64% | -16.38% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -41.89% | +10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | — | — |
Current DrawdownCurrent decline from peak | -11.68% | -33.58% | +21.90% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -17.83% | +2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 6.03% | +4.61% |
Volatility
KMKAX vs. RIPIX - Volatility Comparison
Kinetics Market Opportunities Fund (KMKAX) has a higher volatility of 7.14% compared to Royce International Premier Fund Institutional Class (RIPIX) at 5.45%. This indicates that KMKAX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| KMKAX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 5.45% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 9.22% | +8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 13.61% | +11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 15.26% | +11.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 16.14% | +7.25% |