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LSHAX vs. VSNGX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

LSHAX vs. VSNGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and JPMorgan Mid Cap Equity Fund (VSNGX). The values are adjusted to include any dividend payments, if applicable.

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LSHAX vs. VSNGX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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%
VSNGX
JPMorgan Mid Cap Equity Fund
-2.61%6.09%18.60%16.15%-16.03%19.97%22.62%32.73%-8.20%21.35%

Returns By Period

In the year-to-date period, LSHAX achieves a 50.22% return, which is significantly higher than VSNGX's -2.61% return. Over the past 10 years, LSHAX has outperformed VSNGX with an annualized return of 19.52%, while VSNGX has yielded a comparatively lower 10.74% 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%

VSNGX

1D
-0.50%
1M
-7.87%
YTD
-2.61%
6M
-2.89%
1Y
8.16%
3Y*
11.30%
5Y*
5.82%
10Y*
10.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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LSHAX vs. VSNGX - Expense Ratio Comparison

LSHAX has a 1.68% expense ratio, which is higher than VSNGX's 0.89% expense ratio.


Return for Risk

LSHAX vs. VSNGX — Risk / Return Rank

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

LSHAX
LSHAX Risk / Return Rank: 99
Overall Rank
LSHAX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
LSHAX Sortino Ratio Rank: 1212
Sortino Ratio Rank
LSHAX Omega Ratio Rank: 1111
Omega Ratio Rank
LSHAX Calmar Ratio Rank: 88
Calmar Ratio Rank
LSHAX Martin Ratio Rank: 77
Martin Ratio Rank

VSNGX
VSNGX Risk / Return Rank: 2020
Overall Rank
VSNGX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VSNGX Sortino Ratio Rank: 1919
Sortino Ratio Rank
VSNGX Omega Ratio Rank: 1919
Omega Ratio Rank
VSNGX Calmar Ratio Rank: 1919
Calmar Ratio Rank
VSNGX Martin Ratio Rank: 2323
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.

LSHAX vs. VSNGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and JPMorgan Mid Cap Equity Fund (VSNGX). 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.


LSHAXVSNGXDifference

Sharpe ratio

Return per unit of total volatility

0.17

0.49

-0.32

Sortino ratio

Return per unit of downside risk

0.53

0.82

-0.29

Omega ratio

Gain probability vs. loss probability

1.07

1.11

-0.04

Calmar ratio

Return relative to maximum drawdown

0.12

0.56

-0.43

Martin ratio

Return relative to average drawdown

0.19

2.49

-2.30

LSHAX vs. VSNGX - Sharpe Ratio Comparison

The current LSHAX Sharpe Ratio is 0.17, which is lower than the VSNGX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of LSHAX and VSNGX, 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


LSHAXVSNGXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.17

0.49

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.34

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.55

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.52

-0.17

Correlation

The correlation between LSHAX and VSNGX is 0.72, 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. VSNGX - Dividend Comparison

LSHAX's dividend yield for the trailing twelve months is around 7.71%, more than VSNGX's 6.32% yield.


TTM20252024202320222021202020192018201720162015
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%0.00%
VSNGX
JPMorgan Mid Cap Equity Fund
6.32%6.15%8.60%0.50%2.81%7.63%11.65%8.60%12.95%5.79%3.37%5.15%

Drawdowns

LSHAX vs. VSNGX - Drawdown Comparison

The maximum LSHAX drawdown since its inception was -69.03%, which is greater than VSNGX's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for LSHAX and VSNGX.


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Drawdown Indicators


LSHAXVSNGXDifference

Max Drawdown

Largest peak-to-trough decline

-69.03%

-54.50%

-14.53%

Max Drawdown (1Y)

Largest decline over 1 year

-37.04%

-12.36%

-24.68%

Max Drawdown (5Y)

Largest decline over 5 years

-45.79%

-25.08%

-20.71%

Max Drawdown (10Y)

Largest decline over 10 years

-50.78%

-38.33%

-12.45%

Current Drawdown

Current decline from peak

-15.53%

-8.24%

-7.29%

Average Drawdown

Average peak-to-trough decline

-21.94%

-7.47%

-14.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.25%

2.76%

+21.49%

Volatility

LSHAX vs. VSNGX - Volatility Comparison

Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a higher volatility of 9.76% compared to JPMorgan Mid Cap Equity Fund (VSNGX) at 4.42%. This indicates that LSHAX's price experiences larger fluctuations and is considered to be riskier than VSNGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


LSHAXVSNGXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.76%

4.42%

+5.34%

Volatility (6M)

Calculated over the trailing 6-month period

27.25%

9.18%

+18.07%

Volatility (1Y)

Calculated over the trailing 1-year period

40.86%

17.58%

+23.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.69%

17.41%

+16.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.16%

19.57%

+10.59%