LSHAX vs. RIPIX
LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, LSHAX returned 14.50%/yr vs -4.45%/yr for RIPIX. Their 0.34 correlation means their historical movements had little consistent relationship. LSHAX charges 1.68%/yr vs 1.04%/yr for RIPIX.
Performance
LSHAX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, LSHAX achieves a 32.50% return, which is significantly higher than RIPIX's 1.92% 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%
RIPIX
- 1D
- 2.16%
- 1M
- -0.16%
- 6M
- 1.27%
- YTD
- 1.92%
- 1Y
- -2.65%
- 3Y*
- 2.08%
- 5Y*
- -4.45%
- 10Y*
- —
- ALL TIME*
- 2.19%
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. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 32.50% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -17.60% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between LSHAX and RIPIX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.34 |
Over the past year, the correlation between LSHAX and RIPIX has dropped to 0.10 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
LSHAX vs. RIPIX — Risk / Return Rank
LSHAX
RIPIX
LSHAX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and Royce International Premier Fund Institutional Class (RIPIX). 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 | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.98 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.17 | +0.83 |
| Martin ratioReturn relative to average drawdown | 1.43 | -0.43 | +1.86 |
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Drawdowns
LSHAX vs. RIPIX - Drawdown Comparison
The maximum LSHAX drawdown since its inception was -69.03%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for LSHAX and RIPIX.
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Drawdown Indicators
| LSHAX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.03% | -41.89% | -27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -28.39% | -15.33% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -45.79% | -17.28% | -28.51% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -41.89% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -50.78% | — | — |
Current DrawdownCurrent decline from peak | -25.49% | -24.88% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -18.16% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.03% | 6.21% | +6.82% |
Volatility
LSHAX vs. RIPIX - Volatility Comparison
Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a higher volatility of 8.73% compared to Royce International Premier Fund Institutional Class (RIPIX) at 4.62%. This indicates that LSHAX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSHAX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 4.62% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 30.05% | 11.56% | +18.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.97% | 13.80% | +25.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.59% | 15.54% | +19.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.98% | 16.13% | +14.85% |
LSHAX vs. RIPIX - Expense Ratio Comparison
LSHAX has a 1.68% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
LSHAX vs. RIPIX - Dividend Comparison
LSHAX's dividend yield for the trailing twelve months is around 8.75%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
LSHAX and RIPIX have a correlation of 0.10, 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 RIPIX (4.62%). In terms of maximum drawdown, LSHAX dropped -69.03% vs RIPIX's -41.89%.
LSHAX currently has the higher Sharpe Ratio (0.47 vs -0.19), 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.
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