KSCOX vs. VTMSX
Compare and contrast key facts about Kinetics Small Cap Opportunities Fund (KSCOX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX).
KSCOX is managed by Kinetics. It was launched on Mar 20, 2000. VTMSX is managed by Blackrock. It was launched on Mar 25, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KSCOX or VTMSX.
Key characteristics
| KSCOX | VTMSX | |
|---|---|---|
| YTD Return | 94.27% | 15.10% |
| 1Y Return | 82.58% | 29.46% |
| 3Y Return (Ann) | 25.61% | 2.63% |
| 5Y Return (Ann) | 28.11% | 10.50% |
| 10Y Return (Ann) | 18.10% | 9.84% |
| Sharpe Ratio | 3.56 | 1.76 |
| Sortino Ratio | 4.67 | 2.63 |
| Omega Ratio | 1.69 | 1.31 |
| Calmar Ratio | 2.99 | 2.01 |
| Martin Ratio | 18.82 | 10.50 |
| Ulcer Index | 4.58% | 3.48% |
| Daily Std Dev | 24.22% | 20.73% |
| Max Drawdown | -70.78% | -57.84% |
| Current Drawdown | -2.03% | -2.34% |
Correlation
The correlation between KSCOX and VTMSX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KSCOX vs. VTMSX - Performance Comparison
In the year-to-date period, KSCOX achieves a 94.27% return, which is significantly higher than VTMSX's 15.10% return. Over the past 10 years, KSCOX has outperformed VTMSX with an annualized return of 18.10%, while VTMSX has yielded a comparatively lower 9.84% 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. VTMSX - Expense Ratio Comparison
KSCOX has a 1.64% expense ratio, which is higher than VTMSX's 0.09% expense ratio.
Risk-Adjusted Performance
KSCOX vs. VTMSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Cap Opportunities Fund (KSCOX) and Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX). 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. VTMSX - Dividend Comparison
KSCOX's dividend yield for the trailing twelve months is around 0.64%, less than VTMSX's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KSCOX Kinetics Small Cap Opportunities Fund | 0.64% | 1.25% | 0.00% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTMSX Vanguard Tax-Managed Small-Cap Fund Admiral Shares | 1.46% | 1.50% | 1.51% | 1.16% | 1.09% | 1.15% | 1.26% | 1.11% | 1.01% | 1.26% | 0.99% | 0.92% |
Drawdowns
KSCOX vs. VTMSX - Drawdown Comparison
The maximum KSCOX drawdown since its inception was -70.78%, which is greater than VTMSX's maximum drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for KSCOX and VTMSX. For additional features, visit the drawdowns tool.
Volatility
KSCOX vs. VTMSX - Volatility Comparison
The current volatility for Kinetics Small Cap Opportunities Fund (KSCOX) is 6.24%, while Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) has a volatility of 7.66%. This indicates that KSCOX experiences smaller price fluctuations and is considered to be less risky than VTMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.