NBNGX vs. KMKAX
NBNGX (SIT Mid Cap Growth Fund) and KMKAX (Kinetics Market Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, NBNGX returned 16.43%/yr vs 18.98%/yr for KMKAX. A 0.63 correlation means they provide meaningful diversification when combined. NBNGX charges 1.25%/yr vs 1.65%/yr for KMKAX.
Performance
NBNGX vs. KMKAX - Performance Comparison
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Returns By Period
In the year-to-date period, NBNGX achieves a 9.20% return, which is significantly higher than KMKAX's 7.33% return. Over the past 10 years, NBNGX has underperformed KMKAX with an annualized return of 16.43%, while KMKAX has yielded a comparatively higher 18.98% annualized return.
NBNGX
- 1D
- 1.01%
- 1M
- -0.54%
- YTD
- 9.20%
- 6M
- 7.73%
- 1Y
- 18.77%
- 3Y*
- 32.32%
- 5Y*
- 15.27%
- 10Y*
- 16.43%
KMKAX
- 1D
- 0.13%
- 1M
- -8.54%
- YTD
- 7.33%
- 6M
- 5.74%
- 1Y
- -0.99%
- 3Y*
- 31.56%
- 5Y*
- 13.91%
- 10Y*
- 18.98%
NBNGX vs. KMKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBNGX SIT Mid Cap Growth Fund | 9.20% | 8.72% | 74.13% | 21.98% | -24.10% | 15.78% | 33.16% | 30.27% | -7.42% | 19.01% |
KMKAX Kinetics Market Opportunities Fund | 7.33% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
Correlation
The correlation between NBNGX and KMKAX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2006 | 0.63 |
Over the past year, the correlation between NBNGX and KMKAX has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
NBNGX vs. KMKAX — Risk / Return Rank
NBNGX
KMKAX
NBNGX vs. KMKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SIT Mid Cap Growth Fund (NBNGX) 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.
| NBNGX | KMKAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | -0.09 | +1.97 |
| Martin ratioReturn relative to average drawdown | 6.28 | -0.21 | +6.50 |
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Drawdowns
NBNGX vs. KMKAX - Drawdown Comparison
The maximum NBNGX drawdown since its inception was -70.94%, which is greater than KMKAX's maximum drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for NBNGX and KMKAX.
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Drawdown Indicators
| NBNGX | KMKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.94% | -65.57% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.70% | -20.20% | +10.50% |
Max Drawdown (3Y)Largest decline over 3 years | -24.71% | -28.45% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -34.84% | -31.56% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.14% | -31.56% | -3.58% |
Current DrawdownCurrent decline from peak | -4.32% | -21.49% | +17.17% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -15.52% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 8.08% | -5.17% |
Volatility
NBNGX vs. KMKAX - Volatility Comparison
SIT Mid Cap Growth Fund (NBNGX) has a higher volatility of 8.39% compared to Kinetics Market Opportunities Fund (KMKAX) at 7.06%. This indicates that NBNGX's price experiences larger fluctuations and is considered to be riskier 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
| NBNGX | KMKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 7.06% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 19.59% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.38% | 23.79% | -5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.17% | 26.50% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.89% | 23.69% | +2.20% |
NBNGX vs. KMKAX - Expense Ratio Comparison
NBNGX has a 1.25% expense ratio, which is lower than KMKAX's 1.65% expense ratio.
Dividends
NBNGX vs. KMKAX - Dividend Comparison
NBNGX's dividend yield for the trailing twelve months is around 3.10%, more than KMKAX's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
NBNGX SIT Mid Cap Growth Fund | 3.10% | 3.39% | 38.38% | 0.47% | 3.08% | 12.28% | 4.17% | 7.51% | 12.40% | 4.24% | 1.00% | 18.44% |
Frequently Asked Questions
NBNGX and KMKAX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBNGX has higher volatility (8.39%) compared to KMKAX (7.06%). In terms of maximum drawdown, NBNGX dropped -70.94% vs KMKAX's -65.57%.
NBNGX currently has the higher Sharpe Ratio (1.00 vs -0.07), 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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