KSCOX vs. NESGX
Compare and contrast key facts about Kinetics Small Cap Opportunities Fund (KSCOX) and Needham Small Cap Growth Fund (NESGX).
KSCOX is managed by Kinetics. It was launched on Mar 20, 2000. NESGX is managed by Needham. It was launched on May 22, 2002.
Performance
KSCOX vs. NESGX - Performance Comparison
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KSCOX vs. NESGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KSCOX Kinetics Small Cap Opportunities Fund | 31.31% | -8.66% | 68.42% | -14.77% | 31.96% | 50.32% | 2.30% | 27.06% | 0.29% | 26.23% |
NESGX Needham Small Cap Growth Fund | 15.34% | 10.50% | 12.76% | 5.68% | -30.21% | 10.59% | 71.90% | 54.42% | -5.43% | 11.96% |
Returns By Period
In the year-to-date period, KSCOX achieves a 31.31% return, which is significantly higher than NESGX's 15.34% return. Over the past 10 years, KSCOX has outperformed NESGX with an annualized return of 21.31%, while NESGX has yielded a comparatively lower 14.90% annualized return.
KSCOX
- 1D
- 1.22%
- 1M
- -8.50%
- YTD
- 31.31%
- 6M
- 22.37%
- 1Y
- 7.94%
- 3Y*
- 26.30%
- 5Y*
- 16.09%
- 10Y*
- 21.31%
NESGX
- 1D
- 5.32%
- 1M
- -3.72%
- YTD
- 15.34%
- 6M
- 15.45%
- 1Y
- 55.17%
- 3Y*
- 12.89%
- 5Y*
- 1.14%
- 10Y*
- 14.90%
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KSCOX vs. NESGX - Expense Ratio Comparison
KSCOX has a 1.64% expense ratio, which is lower than NESGX's 1.85% expense ratio.
Return for Risk
KSCOX vs. NESGX — Risk / Return Rank
KSCOX
NESGX
KSCOX vs. NESGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Cap Opportunities Fund (KSCOX) and Needham Small Cap Growth Fund (NESGX). 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 | NESGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 1.58 | -1.25 |
Sortino ratioReturn per unit of downside risk | 0.65 | 2.17 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.11 | -2.68 |
Martin ratioReturn relative to average drawdown | 0.69 | 10.44 | -9.75 |
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
| KSCOX | NESGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.58 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.04 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.58 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.52 | +0.08 |
Correlation
The correlation between KSCOX and NESGX is 0.60, 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. NESGX - Dividend Comparison
KSCOX's dividend yield for the trailing twelve months is around 0.14%, while NESGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NESGX Needham Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% | 25.09% | 13.69% | 8.43% | 22.26% | 8.94% | 6.67% | 2.52% |
Drawdowns
KSCOX vs. NESGX - Drawdown Comparison
The maximum KSCOX drawdown since its inception was -70.09%, which is greater than NESGX's maximum drawdown of -50.29%. Use the drawdown chart below to compare losses from any high point for KSCOX and NESGX.
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Drawdown Indicators
| KSCOX | NESGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -50.29% | -19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -24.29% | -17.27% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.10% | -50.05% | +16.95% |
Max Drawdown (10Y)Largest decline over 10 years | -47.09% | -50.29% | +3.20% |
Current DrawdownCurrent decline from peak | -9.92% | -4.31% | -5.61% |
Average DrawdownAverage peak-to-trough decline | -14.89% | -11.74% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.85% | 5.14% | +9.71% |
Volatility
KSCOX vs. NESGX - Volatility Comparison
The current volatility for Kinetics Small Cap Opportunities Fund (KSCOX) is 7.98%, while Needham Small Cap Growth Fund (NESGX) has a volatility of 12.14%. This indicates that KSCOX experiences smaller price fluctuations and is considered to be less risky than NESGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSCOX | NESGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.98% | 12.14% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 19.42% | 23.43% | -4.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.84% | 35.37% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 29.13% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.84% | 25.56% | +0.28% |