KSCOX vs. GVLU

Last updated Apr 1, 2026

Compare and contrast key facts about Kinetics Small Cap Opportunities Fund (KSCOX) and Gotham 1000 Value ETF (GVLU).

KSCOX is managed by Kinetics. It was launched on Mar 20, 2000. GVLU is an actively managed fund by Gotham. It was launched on Jun 7, 2022.

Performance

KSCOX vs. GVLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Small Cap Opportunities Fund (KSCOX) and Gotham 1000 Value ETF (GVLU). The values are adjusted to include any dividend payments, if applicable.

KSCOX vs. GVLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KSCOX Kinetics Small Cap Opportunities Fund	29.72%	-8.66%	68.42%	-14.77%	12.80%
GVLU Gotham 1000 Value ETF	2.72%	11.24%	11.09%	18.02%	-3.80%

Returns By Period

In the year-to-date period, KSCOX achieves a 29.72% return, which is significantly higher than GVLU's 2.72% return.

KSCOX

• 1D: -5.64%
• 1M: -8.65%
• YTD: 29.72%
• 6M: 22.71%
• 1Y: 8.12%
• 3Y*: 25.79%
• 5Y*: 16.02%
• 10Y*: 21.17%

GVLU

• 1D: 1.78%
• 1M: -4.93%
• YTD: 2.72%
• 6M: 5.75%
• 1Y: 16.92%
• 3Y*: 14.16%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KSCOX vs. GVLU - Expense Ratio Comparison

KSCOX has a 1.64% expense ratio, which is higher than GVLU's 0.51% expense ratio.

KSCOX

Kinetics Small Cap Opportunities Fund

GVLU

Gotham 1000 Value ETF

Return for Risk

KSCOX vs. GVLU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KSCOX

KSCOX Risk / Return Rank: 12
KSCOX Sharpe Ratio Rank: 13
KSCOX Sortino Ratio Rank: 14
KSCOX Omega Ratio Rank: 14
KSCOX Calmar Ratio Rank: 11
KSCOX Martin Ratio Rank: 9

GVLU

GVLU Risk / Return Rank: 50
GVLU Sharpe Ratio Rank: 49
GVLU Sortino Ratio Rank: 53
GVLU Omega Ratio Rank: 50
GVLU Calmar Ratio Rank: 47
GVLU Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KSCOX vs. GVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Cap Opportunities Fund (KSCOX) and Gotham 1000 Value ETF (GVLU). 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.

	KSCOX	GVLU	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.87	-0.55
Sortino ratio Return per unit of downside risk	0.63	1.38	-0.75
Omega ratio Gain probability vs. loss probability	1.08	1.19	-0.10
Calmar ratio Return relative to maximum drawdown	0.28	1.19	-0.91
Martin ratio Return relative to average drawdown	0.46	5.22	-4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KSCOX vs. GVLU - Sharpe Ratio Comparison

The current KSCOX Sharpe Ratio is 0.31, which is lower than the GVLU Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of KSCOX and GVLU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KSCOX	GVLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.87	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.56	+0.04

Correlation

The correlation between KSCOX and GVLU is 0.55, 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

KSCOX vs. GVLU - Dividend Comparison

KSCOX's dividend yield for the trailing twelve months is around 0.14%, less than GVLU's 6.27% yield.

	TTM	2025	2024	2023	2022	2021
KSCOX Kinetics Small Cap Opportunities Fund	0.14%	0.18%	3.58%	6.71%	0.00%	1.67%
GVLU Gotham 1000 Value ETF	6.27%	6.44%	2.88%	1.62%	0.98%	0.00%

Drawdowns

KSCOX vs. GVLU - Drawdown Comparison

The maximum KSCOX drawdown since its inception was -70.09%, which is greater than GVLU's maximum drawdown of -20.82%. Use the drawdown chart below to compare losses from any high point for KSCOX and GVLU.

Drawdown Indicators

	KSCOX	GVLU	Difference
Max Drawdown Largest peak-to-trough decline	-70.09%	-20.82%	-49.27%
Max Drawdown (1Y) Largest decline over 1 year	-24.29%	-14.62%	-9.67%
Max Drawdown (5Y) Largest decline over 5 years	-33.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.09%	—	—
Current Drawdown Current decline from peak	-11.01%	-5.46%	-5.55%
Average Drawdown Average peak-to-trough decline	-14.89%	-4.23%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.84%	3.32%	+11.52%

Volatility

KSCOX vs. GVLU - Volatility Comparison

Kinetics Small Cap Opportunities Fund (KSCOX) has a higher volatility of 7.94% compared to Gotham 1000 Value ETF (GVLU) at 4.33%. This indicates that KSCOX's price experiences larger fluctuations and is considered to be riskier than GVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSCOX	GVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	4.33%	+3.61%
Volatility (6M) Calculated over the trailing 6-month period	19.48%	9.84%	+9.64%
Volatility (1Y) Calculated over the trailing 1-year period	28.88%	19.64%	+9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.74%	18.04%	+9.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.84%	18.04%	+7.80%