KSCOX vs. FSELX
Compare and contrast key facts about Kinetics Small Cap Opportunities Fund (KSCOX) and Fidelity Select Semiconductors Portfolio (FSELX).
KSCOX is managed by Kinetics. It was launched on Mar 20, 2000. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KSCOX or FSELX.
Key characteristics
| KSCOX | FSELX | |
|---|---|---|
| YTD Return | 43.59% | 29.90% |
| 1Y Return | 37.65% | 47.76% |
| 3Y Return (Ann) | 18.56% | 22.79% |
| 5Y Return (Ann) | 22.11% | 32.91% |
| 10Y Return (Ann) | 14.67% | 26.06% |
| Sharpe Ratio | 1.71 | 1.32 |
| Daily Std Dev | 22.17% | 35.58% |
| Max Drawdown | -70.09% | -81.70% |
| Current Drawdown | 0.00% | -16.78% |
Correlation
The correlation between KSCOX and FSELX is 0.54, 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
KSCOX vs. FSELX - Performance Comparison
In the year-to-date period, KSCOX achieves a 43.59% return, which is significantly higher than FSELX's 29.90% return. Over the past 10 years, KSCOX has underperformed FSELX with an annualized return of 14.67%, while FSELX has yielded a comparatively higher 26.06% annualized return. 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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KSCOX vs. FSELX - Expense Ratio Comparison
KSCOX has a 1.64% expense ratio, which is higher than FSELX's 0.68% expense ratio.
Risk-Adjusted Performance
KSCOX vs. FSELX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Cap Opportunities Fund (KSCOX) and Fidelity Select Semiconductors Portfolio (FSELX). 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
KSCOX vs. FSELX - Dividend Comparison
KSCOX's dividend yield for the trailing twelve months is around 4.67%, less than FSELX's 5.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KSCOX Kinetics Small Cap Opportunities Fund | 4.67% | 6.71% | 0.00% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSELX Fidelity Select Semiconductors Portfolio | 5.40% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.65% | 3.82% | 16.31% | 3.48% | 0.61% |
Drawdowns
KSCOX vs. FSELX - Drawdown Comparison
The maximum KSCOX drawdown since its inception was -70.09%, smaller than the maximum FSELX drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for KSCOX and FSELX. For additional features, visit the drawdowns tool.
Volatility
KSCOX vs. FSELX - Volatility Comparison
The current volatility for Kinetics Small Cap Opportunities Fund (KSCOX) is 6.92%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 13.22%. This indicates that KSCOX experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.