LSHAX vs. KSOAX
Compare and contrast key facts about Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX).
LSHAX is managed by Kinetics. It was launched on May 4, 2007. KSOAX is managed by Kinetics. It was launched on Dec 31, 2001.
Performance
LSHAX vs. KSOAX - Performance Comparison
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LSHAX vs. KSOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 50.22% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -8.18% | 15.65% |
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% |
Returns By Period
In the year-to-date period, LSHAX achieves a 50.22% return, which is significantly higher than KSOAX's 29.65% return. Over the past 10 years, LSHAX has underperformed KSOAX with an annualized return of 19.52%, while KSOAX has yielded a comparatively higher 20.86% annualized return.
LSHAX
- 1D
- -7.12%
- 1M
- -9.27%
- YTD
- 50.22%
- 6M
- 41.09%
- 1Y
- 5.55%
- 3Y*
- 29.23%
- 5Y*
- 17.40%
- 10Y*
- 19.52%
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%
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LSHAX vs. KSOAX - Expense Ratio Comparison
LSHAX has a 1.68% expense ratio, which is lower than KSOAX's 1.89% expense ratio.
Return for Risk
LSHAX vs. KSOAX — Risk / Return Rank
LSHAX
KSOAX
LSHAX vs. KSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). 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.
| LSHAX | KSOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.30 | -0.13 |
Sortino ratioReturn per unit of downside risk | 0.53 | 0.61 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.27 | -0.14 |
Martin ratioReturn relative to average drawdown | 0.19 | 0.44 | -0.25 |
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
| LSHAX | KSOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.30 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.57 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.81 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.56 | -0.21 |
Correlation
The correlation between LSHAX and KSOAX is 0.93, 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
LSHAX vs. KSOAX - Dividend Comparison
LSHAX's dividend yield for the trailing twelve months is around 7.71%, while KSOAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 7.71% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% |
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A | 0.00% | 0.00% | 3.52% | 6.72% | 0.00% | 1.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LSHAX vs. KSOAX - Drawdown Comparison
The maximum LSHAX drawdown since its inception was -69.03%, roughly equal to the maximum KSOAX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for LSHAX and KSOAX.
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Drawdown Indicators
| LSHAX | KSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.03% | -70.21% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -37.04% | -24.40% | -12.64% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -33.28% | -12.51% |
Max Drawdown (10Y)Largest decline over 10 years | -50.78% | -47.11% | -3.67% |
Current DrawdownCurrent decline from peak | -15.53% | -11.30% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -21.94% | -15.88% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.25% | 14.90% | +9.35% |
Volatility
LSHAX vs. KSOAX - Volatility Comparison
Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a higher volatility of 9.76% compared to Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) at 7.94%. This indicates that LSHAX's price experiences larger fluctuations and is considered to be riskier than KSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSHAX | KSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 7.94% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 27.25% | 19.48% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.86% | 28.88% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.69% | 27.75% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.16% | 25.84% | +4.32% |