LSHAX vs. WWNPX
Compare and contrast key facts about Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) and Kinetics Paradigm Fund (WWNPX).
LSHAX is managed by Kinetics. It was launched on May 4, 2007. WWNPX is managed by Kinetics. It was launched on Dec 31, 1999.
Performance
LSHAX vs. WWNPX - Performance Comparison
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LSHAX vs. WWNPX - 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% |
WWNPX Kinetics Paradigm Fund | 36.66% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
Returns By Period
In the year-to-date period, LSHAX achieves a 50.22% return, which is significantly higher than WWNPX's 36.66% return. Over the past 10 years, LSHAX has underperformed WWNPX with an annualized return of 19.52%, while WWNPX has yielded a comparatively higher 20.54% 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%
WWNPX
- 1D
- -6.34%
- 1M
- -9.27%
- YTD
- 36.66%
- 6M
- 24.06%
- 1Y
- 3.73%
- 3Y*
- 30.25%
- 5Y*
- 16.10%
- 10Y*
- 20.54%
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LSHAX vs. WWNPX - Expense Ratio Comparison
LSHAX has a 1.68% expense ratio, which is higher than WWNPX's 1.64% expense ratio.
Return for Risk
LSHAX vs. WWNPX — Risk / Return Rank
LSHAX
WWNPX
LSHAX vs. WWNPX - 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 Paradigm Fund (WWNPX). 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 | WWNPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.17 | 0.13 | +0.03 |
Sortino ratioReturn per unit of downside risk | 0.53 | 0.45 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 0.07 | +0.05 |
Martin ratioReturn relative to average drawdown | 0.19 | 0.12 | +0.07 |
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 | WWNPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.13 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.73 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.55 | -0.20 |
Correlation
The correlation between LSHAX and WWNPX is 0.96, 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. WWNPX - Dividend Comparison
LSHAX's dividend yield for the trailing twelve months is around 7.71%, more than WWNPX's 6.01% yield.
| 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% |
WWNPX Kinetics Paradigm Fund | 6.01% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% | 0.00% | 0.00% |
Drawdowns
LSHAX vs. WWNPX - Drawdown Comparison
The maximum LSHAX drawdown since its inception was -69.03%, roughly equal to the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for LSHAX and WWNPX.
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Drawdown Indicators
| LSHAX | WWNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.03% | -67.87% | -1.16% |
Max Drawdown (1Y)Largest decline over 1 year | -37.04% | -32.61% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -45.79% | -41.13% | -4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -50.78% | -43.51% | -7.27% |
Current DrawdownCurrent decline from peak | -15.53% | -17.17% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -21.94% | -13.85% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.25% | 20.15% | +4.10% |
Volatility
LSHAX vs. WWNPX - Volatility Comparison
Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a higher volatility of 9.76% compared to Kinetics Paradigm Fund (WWNPX) at 9.21%. This indicates that LSHAX's price experiences larger fluctuations and is considered to be riskier than WWNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSHAX | WWNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 9.21% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 27.25% | 24.60% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.86% | 36.52% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.69% | 32.56% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.16% | 28.17% | +1.99% |