LSHAX vs. FMDGX
LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) and FMDGX (Fidelity Mid Cap Growth Index Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, LSHAX returned 14.50%/yr vs 4.43%/yr for FMDGX. Their 0.47 correlation means their historical movements had little consistent relationship. LSHAX charges 1.68%/yr vs 0.05%/yr for FMDGX.
Performance
LSHAX vs. FMDGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LSHAX achieves a 32.50% return, which is significantly higher than FMDGX's 0.60% return.
LSHAX
- 1D
- 1.05%
- 1M
- -2.20%
- 6M
- 12.03%
- YTD
- 32.50%
- 1Y
- 24.27%
- 3Y*
- 25.70%
- 5Y*
- 14.50%
- 10Y*
- 17.42%
- ALL TIME*
- 8.46%
FMDGX
- 1D
- 2.29%
- 1M
- -3.87%
- 6M
- 1.50%
- YTD
- 0.60%
- 1Y
- -0.77%
- 3Y*
- 11.99%
- 5Y*
- 4.43%
- 10Y*
- —
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LSHAX vs. FMDGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 32.50% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 2.94% |
FMDGX Fidelity Mid Cap Growth Index Fund | 0.60% | 8.60% | 22.03% | 25.79% | -26.67% | 12.67% | 34.84% | 4.63% |
Correlation
The correlation between LSHAX and FMDGX is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.47 |
Over the past year, the correlation between LSHAX and FMDGX has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LSHAX vs. FMDGX — Risk / Return Rank
LSHAX
FMDGX
LSHAX vs. FMDGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and Fidelity Mid Cap Growth Index Fund (FMDGX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LSHAX | FMDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.99 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.21 | +0.86 |
| Martin ratioReturn relative to average drawdown | 1.43 | -0.57 | +2.00 |
Loading charts...
Drawdowns
LSHAX vs. FMDGX - Drawdown Comparison
The maximum LSHAX drawdown since its inception was -69.03%, which is greater than FMDGX's maximum drawdown of -38.59%. Use the drawdown chart below to compare losses from any high point for LSHAX and FMDGX.
Loading charts...
Drawdown Indicators
| LSHAX | FMDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.03% | -38.59% | -30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -28.39% | -14.75% | -13.64% |
Max Drawdown (3Y)Largest decline over 3 years | -45.79% | -25.30% | -20.49% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -38.59% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -50.78% | — | — |
Current DrawdownCurrent decline from peak | -25.49% | -6.20% | -19.29% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -11.03% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 5.29% | +7.74% |
Volatility
LSHAX vs. FMDGX - Volatility Comparison
Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a higher volatility of 8.73% compared to Fidelity Mid Cap Growth Index Fund (FMDGX) at 5.15%. This indicates that LSHAX's price experiences larger fluctuations and is considered to be riskier than FMDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LSHAX | FMDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 5.15% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 30.05% | 14.00% | +16.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.97% | 17.61% | +21.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.59% | 22.54% | +12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 24.23% | +6.75% |
LSHAX vs. FMDGX - Expense Ratio Comparison
LSHAX has a 1.68% expense ratio, which is higher than FMDGX's 0.05% expense ratio.
Dividends
LSHAX vs. FMDGX - Dividend Comparison
LSHAX's dividend yield for the trailing twelve months is around 8.75%, more than FMDGX's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMDGX Fidelity Mid Cap Growth Index Fund | 1.84% | 1.85% | 0.47% | 0.63% | 0.81% | 6.43% | 0.36% | 0.29% | 0.00% | 0.00% | 0.00% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 8.75% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% |
Frequently Asked Questions
LSHAX and FMDGX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSHAX has higher volatility (8.73%) compared to FMDGX (5.15%). In terms of maximum drawdown, LSHAX dropped -69.03% vs FMDGX's -38.59%.
LSHAX currently has the higher Sharpe Ratio (0.47 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for LSHAX and FMDGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer