KMKAX vs. SWLGX
Compare and contrast key facts about Kinetics Market Opportunities Fund (KMKAX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX).
KMKAX is managed by Kinetics. It was launched on Jan 31, 2006. SWLGX is a passively managed fund by Charles Schwab that tracks the performance of the Russell 1000 Growth Index. It was launched on Dec 20, 2017.
Performance
KMKAX vs. SWLGX - Performance Comparison
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KMKAX vs. SWLGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 20.74% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | -6.50% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | -13.06% | 18.55% | 33.30% | 42.67% | -29.17% | 27.55% | 38.43% | 36.30% | -1.59% | -0.60% |
Returns By Period
In the year-to-date period, KMKAX achieves a 20.74% return, which is significantly higher than SWLGX's -13.06% 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%
SWLGX
- 1D
- -0.46%
- 1M
- -8.63%
- YTD
- -13.06%
- 6M
- -12.07%
- 1Y
- 14.45%
- 3Y*
- 19.67%
- 5Y*
- 11.90%
- 10Y*
- —
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KMKAX vs. SWLGX - Expense Ratio Comparison
KMKAX has a 1.65% expense ratio, which is higher than SWLGX's 0.04% expense ratio.
Return for Risk
KMKAX vs. SWLGX — Risk / Return Rank
KMKAX
SWLGX
KMKAX vs. SWLGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund (KMKAX) and Schwab U.S. Large-Cap Growth Index Fund (SWLGX). 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 | SWLGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.66 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.55 | 1.10 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.15 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.72 | -0.47 |
Martin ratioReturn relative to average drawdown | 0.45 | 2.51 | -2.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KMKAX | SWLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.66 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.56 | 0.00 |
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 | 0.68 | -0.12 |
Correlation
The correlation between KMKAX and SWLGX is 0.40, 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.
Dividends
KMKAX vs. SWLGX - Dividend Comparison
KMKAX's dividend yield for the trailing twelve months is around 0.50%, less than SWLGX's 0.52% 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% |
SWLGX Schwab U.S. Large-Cap Growth Index Fund | 0.52% | 0.46% | 0.52% | 0.67% | 0.93% | 1.76% | 0.67% | 0.96% | 1.03% | 0.00% |
Drawdowns
KMKAX vs. SWLGX - Drawdown Comparison
The maximum KMKAX drawdown since its inception was -65.57%, which is greater than SWLGX's maximum drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for KMKAX and SWLGX.
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Drawdown Indicators
| KMKAX | SWLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.57% | -32.69% | -32.88% |
Max Drawdown (1Y)Largest decline over 1 year | -19.64% | -16.16% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -32.69% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -31.56% | — | — |
Current DrawdownCurrent decline from peak | -11.68% | -16.16% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -15.53% | -7.13% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.64% | 4.62% | +6.02% |
Volatility
KMKAX vs. SWLGX - Volatility Comparison
Kinetics Market Opportunities Fund (KMKAX) has a higher volatility of 7.14% compared to Schwab U.S. Large-Cap Growth Index Fund (SWLGX) at 5.38%. This indicates that KMKAX's price experiences larger fluctuations and is considered to be riskier than SWLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMKAX | SWLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 5.38% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 11.82% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 22.31% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 21.47% | +4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 22.78% | +0.61% |