KMKNX vs. SECUX
KMKNX (Kinetics Market Opportunities Fund No Load Class) and SECUX (Guggenheim StylePlus - Mid Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, KMKNX returned 19.20%/yr vs 11.69%/yr for SECUX. A 0.63 correlation means they provide meaningful diversification when combined. KMKNX charges 1.40%/yr vs 1.42%/yr for SECUX.
Performance
KMKNX vs. SECUX - Performance Comparison
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Returns By Period
In the year-to-date period, KMKNX achieves a 6.71% return, which is significantly lower than SECUX's 16.03% return. Over the past 10 years, KMKNX has outperformed SECUX with an annualized return of 19.20%, while SECUX has yielded a comparatively lower 11.69% annualized return.
KMKNX
- 1D
- -0.05%
- 1M
- -9.75%
- YTD
- 6.71%
- 6M
- 4.98%
- 1Y
- -1.36%
- 3Y*
- 31.59%
- 5Y*
- 13.92%
- 10Y*
- 19.20%
SECUX
- 1D
- 0.90%
- 1M
- 2.69%
- YTD
- 16.03%
- 6M
- 13.66%
- 1Y
- 19.34%
- 3Y*
- 15.18%
- 5Y*
- 4.92%
- 10Y*
- 11.69%
KMKNX vs. SECUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMKNX Kinetics Market Opportunities Fund No Load Class | 6.71% | -3.09% | 84.05% | -7.34% | 14.98% | 28.03% | 19.56% | 22.76% | -10.68% | 47.26% |
SECUX Guggenheim StylePlus - Mid Growth Fund | 16.03% | 1.86% | 14.29% | 26.43% | -28.33% | 13.39% | 31.95% | 32.44% | -7.76% | 24.15% |
Correlation
The correlation between KMKNX and SECUX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.63 |
Over the past year, the correlation between KMKNX and SECUX has dropped to 0.43 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
KMKNX vs. SECUX — Risk / Return Rank
KMKNX
SECUX
KMKNX vs. SECUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Market Opportunities Fund No Load Class (KMKNX) and Guggenheim StylePlus - Mid Growth Fund (SECUX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KMKNX | SECUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 2.16 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.29 | 7.21 | -7.50 |
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Drawdowns
KMKNX vs. SECUX - Drawdown Comparison
The maximum KMKNX drawdown since its inception was -65.47%, smaller than the maximum SECUX drawdown of -71.68%. Use the drawdown chart below to compare losses from any high point for KMKNX and SECUX.
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Drawdown Indicators
| KMKNX | SECUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.47% | -71.68% | +6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.13% | -9.17% | -10.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.27% | -25.43% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -37.80% | +6.33% |
Max Drawdown (10Y)Largest decline over 10 years | -31.47% | -38.56% | +7.09% |
Current DrawdownCurrent decline from peak | -21.74% | -0.11% | -21.63% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -18.38% | +3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.86% | 2.74% | +5.12% |
Volatility
KMKNX vs. SECUX - Volatility Comparison
Kinetics Market Opportunities Fund No Load Class (KMKNX) has a higher volatility of 7.01% compared to Guggenheim StylePlus - Mid Growth Fund (SECUX) at 5.80%. This indicates that KMKNX's price experiences larger fluctuations and is considered to be riskier than SECUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KMKNX | SECUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 5.80% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 13.39% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.85% | 16.53% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.50% | 21.53% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.71% | 21.24% | +2.47% |
KMKNX vs. SECUX - Expense Ratio Comparison
KMKNX has a 1.40% expense ratio, which is lower than SECUX's 1.42% expense ratio.
Dividends
KMKNX vs. SECUX - Dividend Comparison
KMKNX's dividend yield for the trailing twelve months is around 0.62%, while SECUX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMKNX Kinetics Market Opportunities Fund No Load Class | 0.62% | 0.66% | 0.81% | 0.87% | 1.36% | 1.56% | 0.26% | 0.33% | 9.13% | 0.64% | 0.00% | 0.00% |
SECUX Guggenheim StylePlus - Mid Growth Fund | 0.00% | 0.00% | 0.00% | 2.31% | 41.48% | 6.54% | 14.34% | 2.18% | 27.68% | 12.89% | 0.59% | 14.34% |
Frequently Asked Questions
KMKNX and SECUX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMKNX has higher volatility (7.01%) compared to SECUX (5.80%). In terms of maximum drawdown, KMKNX dropped -65.47% vs SECUX's -71.68%.
SECUX currently has the higher Sharpe Ratio (1.20 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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