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KSCOX vs. MISGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

KSCOX vs. MISGX - Performance Comparison

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

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KSCOX vs. MISGX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
KSCOX
Kinetics Small Cap Opportunities Fund
29.72%-8.66%68.42%-14.77%31.96%50.32%2.30%27.06%0.29%26.23%
MISGX
Meridian Small Cap Growth Fund
-10.27%-1.28%13.89%14.02%-24.63%8.55%27.78%18.96%0.40%22.83%

Returns By Period

In the year-to-date period, KSCOX achieves a 29.72% return, which is significantly higher than MISGX's -10.27% return. Over the past 10 years, KSCOX has outperformed MISGX with an annualized return of 21.17%, while MISGX has yielded a comparatively lower 7.82% annualized 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%

MISGX

1D
-0.91%
1M
-9.23%
YTD
-10.27%
6M
-9.44%
1Y
0.88%
3Y*
2.45%
5Y*
-2.69%
10Y*
7.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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KSCOX vs. MISGX - Expense Ratio Comparison

KSCOX has a 1.64% expense ratio, which is higher than MISGX's 1.22% expense ratio.


Return for Risk

KSCOX vs. MISGX — Risk / Return Rank

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

KSCOX
KSCOX Risk / Return Rank: 1212
Overall Rank
KSCOX Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
KSCOX Sortino Ratio Rank: 1414
Sortino Ratio Rank
KSCOX Omega Ratio Rank: 1414
Omega Ratio Rank
KSCOX Calmar Ratio Rank: 1111
Calmar Ratio Rank
KSCOX Martin Ratio Rank: 99
Martin Ratio Rank

MISGX
MISGX Risk / Return Rank: 33
Overall Rank
MISGX Sharpe Ratio Rank: 44
Sharpe Ratio Rank
MISGX Sortino Ratio Rank: 55
Sortino Ratio Rank
MISGX Omega Ratio Rank: 55
Omega Ratio Rank
MISGX Calmar Ratio Rank: 11
Calmar Ratio Rank
MISGX Martin Ratio Rank: 11
Martin Ratio Rank
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. MISGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Cap Opportunities Fund (KSCOX) and Meridian Small Cap Growth Fund (MISGX). 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.


KSCOXMISGXDifference

Sharpe ratio

Return per unit of total volatility

0.31

-0.06

+0.37

Sortino ratio

Return per unit of downside risk

0.63

0.08

+0.54

Omega ratio

Gain probability vs. loss probability

1.08

1.01

+0.07

Calmar ratio

Return relative to maximum drawdown

0.28

-0.61

+0.89

Martin ratio

Return relative to average drawdown

0.46

-1.62

+2.08

KSCOX vs. MISGX - Sharpe Ratio Comparison

The current KSCOX Sharpe Ratio is 0.31, which is higher than the MISGX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of KSCOX and MISGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


KSCOXMISGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.31

-0.06

+0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

-0.13

+0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.37

+0.45

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.38

+0.23

Correlation

The correlation between KSCOX and MISGX 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. MISGX - Dividend Comparison

KSCOX's dividend yield for the trailing twelve months is around 0.14%, less than MISGX's 8.79% yield.


TTM20252024202320222021202020192018201720162015
KSCOX
Kinetics Small Cap Opportunities Fund
0.14%0.18%3.58%6.71%0.00%1.67%0.00%0.00%0.00%0.00%0.00%0.00%
MISGX
Meridian Small Cap Growth Fund
8.79%7.89%3.76%0.00%14.39%33.08%1.96%5.78%12.50%4.18%0.00%1.62%

Drawdowns

KSCOX vs. MISGX - Drawdown Comparison

The maximum KSCOX drawdown since its inception was -70.09%, which is greater than MISGX's maximum drawdown of -41.11%. Use the drawdown chart below to compare losses from any high point for KSCOX and MISGX.


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Drawdown Indicators


KSCOXMISGXDifference

Max Drawdown

Largest peak-to-trough decline

-70.09%

-41.11%

-28.98%

Max Drawdown (1Y)

Largest decline over 1 year

-24.29%

-13.54%

-10.75%

Max Drawdown (5Y)

Largest decline over 5 years

-33.10%

-37.70%

+4.60%

Max Drawdown (10Y)

Largest decline over 10 years

-47.09%

-41.11%

-5.98%

Current Drawdown

Current decline from peak

-11.01%

-21.64%

+10.63%

Average Drawdown

Average peak-to-trough decline

-14.89%

-11.27%

-3.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.84%

9.45%

+5.39%

Volatility

KSCOX vs. MISGX - Volatility Comparison

Kinetics Small Cap Opportunities Fund (KSCOX) has a higher volatility of 7.94% compared to Meridian Small Cap Growth Fund (MISGX) at 5.40%. This indicates that KSCOX's price experiences larger fluctuations and is considered to be riskier than MISGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


KSCOXMISGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.94%

5.40%

+2.54%

Volatility (6M)

Calculated over the trailing 6-month period

19.48%

12.40%

+7.08%

Volatility (1Y)

Calculated over the trailing 1-year period

28.88%

23.70%

+5.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.74%

21.28%

+6.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.84%

21.17%

+4.67%