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KSOAX vs. KSCOX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

KSOAX vs. KSCOX - Performance Comparison

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

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KSOAX vs. KSCOX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
KSOAX
Kinetics Small Capital Opportunities Advisor Fund Class A
29.65%-8.89%68.00%-14.98%31.64%49.94%2.04%26.72%0.00%25.94%
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%

Returns By Period

The year-to-date returns for both investments are quite close, with KSOAX having a 29.65% return and KSCOX slightly higher at 29.72%. Both investments have delivered pretty close results over the past 10 years, with KSOAX having a 20.86% annualized return and KSCOX not far ahead at 21.17%.


KSOAX

1D
-5.64%
1M
-8.67%
YTD
29.65%
6M
22.56%
1Y
7.86%
3Y*
25.48%
5Y*
15.73%
10Y*
20.86%

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

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KSOAX vs. KSCOX - Expense Ratio Comparison

KSOAX has a 1.89% expense ratio, which is higher than KSCOX's 1.64% expense ratio.


Return for Risk

KSOAX vs. KSCOX — Risk / Return Rank

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

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

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
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.

KSOAX vs. KSCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) and Kinetics Small Cap Opportunities Fund (KSCOX). 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.


KSOAXKSCOXDifference

Sharpe ratio

Return per unit of total volatility

0.30

0.31

-0.01

Sortino ratio

Return per unit of downside risk

0.61

0.63

-0.01

Omega ratio

Gain probability vs. loss probability

1.08

1.08

0.00

Calmar ratio

Return relative to maximum drawdown

0.27

0.28

-0.01

Martin ratio

Return relative to average drawdown

0.44

0.46

-0.02

KSOAX vs. KSCOX - Sharpe Ratio Comparison

The current KSOAX Sharpe Ratio is 0.30, which is comparable to the KSCOX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of KSOAX and KSCOX, 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


KSOAXKSCOXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

0.31

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.58

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.82

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.61

-0.05

Correlation

The correlation between KSOAX and KSCOX is 1.00, 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.


Dividends

KSOAX vs. KSCOX - Dividend Comparison

KSOAX has not paid dividends to shareholders, while KSCOX's dividend yield for the trailing twelve months is around 0.14%.


TTM20252024202320222021
KSOAX
Kinetics Small Capital Opportunities Advisor Fund Class A
0.00%0.00%3.52%6.72%0.00%1.41%
KSCOX
Kinetics Small Cap Opportunities Fund
0.14%0.18%3.58%6.71%0.00%1.67%

Drawdowns

KSOAX vs. KSCOX - Drawdown Comparison

The maximum KSOAX drawdown since its inception was -70.21%, roughly equal to the maximum KSCOX drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for KSOAX and KSCOX.


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Drawdown Indicators


KSOAXKSCOXDifference

Max Drawdown

Largest peak-to-trough decline

-70.21%

-70.09%

-0.12%

Max Drawdown (1Y)

Largest decline over 1 year

-24.40%

-24.29%

-0.11%

Max Drawdown (5Y)

Largest decline over 5 years

-33.28%

-33.10%

-0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-47.11%

-47.09%

-0.02%

Current Drawdown

Current decline from peak

-11.30%

-11.01%

-0.29%

Average Drawdown

Average peak-to-trough decline

-15.88%

-14.89%

-0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.90%

14.84%

+0.06%

Volatility

KSOAX vs. KSCOX - Volatility Comparison

Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) and Kinetics Small Cap Opportunities Fund (KSCOX) have volatilities of 7.94% and 7.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


KSOAXKSCOXDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.94%

7.94%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

19.48%

19.48%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

28.88%

28.88%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.75%

27.74%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.84%

25.84%

0.00%