MGPIX vs. KMKAX
MGPIX (ProFunds Mid Cap Growth Fund) and KMKAX (Kinetics Market Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, MGPIX returned 7.80%/yr vs 18.90%/yr for KMKAX. A 0.64 correlation means they provide meaningful diversification when combined. MGPIX charges 1.69%/yr vs 1.65%/yr for KMKAX.
Performance
MGPIX vs. KMKAX - Performance Comparison
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Returns By Period
In the year-to-date period, MGPIX achieves a 19.55% return, which is significantly higher than KMKAX's 6.59% return. Over the past 10 years, MGPIX has underperformed KMKAX with an annualized return of 7.80%, while KMKAX has yielded a comparatively higher 18.90% annualized return.
MGPIX
- 1D
- 0.61%
- 1M
- 4.02%
- YTD
- 19.55%
- 6M
- 16.93%
- 1Y
- 29.59%
- 3Y*
- 16.38%
- 5Y*
- 2.35%
- 10Y*
- 7.80%
KMKAX
- 1D
- -0.05%
- 1M
- -9.76%
- YTD
- 6.59%
- 6M
- 4.86%
- 1Y
- -1.60%
- 3Y*
- 31.26%
- 5Y*
- 13.64%
- 10Y*
- 18.90%
MGPIX vs. KMKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGPIX ProFunds Mid Cap Growth Fund | 19.55% | 5.56% | 13.77% | 15.40% | -20.47% | -6.46% | 20.28% | 24.09% | -12.06% | 18.08% |
KMKAX Kinetics Market Opportunities Fund | 6.59% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
Correlation
The correlation between MGPIX and KMKAX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.64 |
Over the past year, the correlation between MGPIX and KMKAX has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
MGPIX vs. KMKAX — Risk / Return Rank
MGPIX
KMKAX
MGPIX vs. KMKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds Mid Cap Growth Fund (MGPIX) and Kinetics Market Opportunities Fund (KMKAX). 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.
| MGPIX | KMKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | -0.13 | +3.22 |
| Martin ratioReturn relative to average drawdown | 12.09 | -0.32 | +12.41 |
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Drawdowns
MGPIX vs. KMKAX - Drawdown Comparison
The maximum MGPIX drawdown since its inception was -54.61%, smaller than the maximum KMKAX drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for MGPIX and KMKAX.
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Drawdown Indicators
| MGPIX | KMKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.61% | -65.57% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -20.20% | +10.28% |
Max Drawdown (3Y)Largest decline over 3 years | -25.86% | -28.45% | +2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -43.84% | -31.56% | -12.28% |
Max Drawdown (10Y)Largest decline over 10 years | -43.84% | -31.56% | -12.28% |
Current DrawdownCurrent decline from peak | 0.00% | -22.04% | +22.04% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -15.52% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 7.89% | -5.36% |
Volatility
MGPIX vs. KMKAX - Volatility Comparison
The current volatility for ProFunds Mid Cap Growth Fund (MGPIX) is 5.55%, while Kinetics Market Opportunities Fund (KMKAX) has a volatility of 7.01%. This indicates that MGPIX experiences smaller price fluctuations and is considered to be less risky than KMKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGPIX | KMKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.01% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.62% | 19.59% | -5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.36% | 23.85% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 26.50% | -4.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 23.71% | -2.42% |
MGPIX vs. KMKAX - Expense Ratio Comparison
MGPIX has a 1.69% expense ratio, which is higher than KMKAX's 1.65% expense ratio.
Dividends
MGPIX vs. KMKAX - Dividend Comparison
MGPIX's dividend yield for the trailing twelve months is around 2.86%, more than KMKAX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KMKAX Kinetics Market Opportunities Fund | 0.57% | 0.61% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% |
MGPIX ProFunds Mid Cap Growth Fund | 2.86% | 3.42% | 0.91% | 0.00% | 3.26% | 1.47% | 2.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MGPIX and KMKAX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMKAX has higher volatility (7.01%) compared to MGPIX (5.55%). In terms of maximum drawdown, MGPIX dropped -54.61% vs KMKAX's -65.57%.
MGPIX currently has the higher Sharpe Ratio (1.77 vs -0.11), 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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