NSOIX vs. WWWEX
NSOIX (North Star Opportunity Fund) and WWWEX (Kinetics The Global Fund) are both Diversified Portfolio funds. Over the past 10 years, NSOIX returned 9.56%/yr vs 15.13%/yr for WWWEX. A 0.55 correlation means they provide meaningful diversification when combined. NSOIX charges 1.30%/yr vs 1.39%/yr for WWWEX.
Performance
NSOIX vs. WWWEX - Performance Comparison
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Returns By Period
In the year-to-date period, NSOIX achieves a 8.99% return, which is significantly higher than WWWEX's 0.75% return. Over the past 10 years, NSOIX has underperformed WWWEX with an annualized return of 9.56%, while WWWEX has yielded a comparatively higher 15.13% annualized return.
NSOIX
- 1D
- -0.15%
- 1M
- 0.63%
- YTD
- 8.99%
- 6M
- 8.57%
- 1Y
- 27.16%
- 3Y*
- 14.03%
- 5Y*
- 5.05%
- 10Y*
- 9.56%
WWWEX
- 1D
- 0.06%
- 1M
- -8.33%
- YTD
- 0.75%
- 6M
- -0.20%
- 1Y
- -1.92%
- 3Y*
- 28.07%
- 5Y*
- 13.09%
- 10Y*
- 15.13%
NSOIX vs. WWWEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSOIX North Star Opportunity Fund | 8.99% | 12.60% | 10.84% | 13.65% | -23.08% | 20.83% | 17.57% | 26.61% | -10.18% | 11.91% |
WWWEX Kinetics The Global Fund | 0.75% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between NSOIX and WWWEX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | 0.55 |
The correlation between NSOIX and WWWEX has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
NSOIX vs. WWWEX — Risk / Return Rank
NSOIX
WWWEX
NSOIX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Star Opportunity Fund (NSOIX) and Kinetics The Global Fund (WWWEX). 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.
| NSOIX | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.99 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | -0.17 | +3.94 |
| Martin ratioReturn relative to average drawdown | 14.05 | -0.39 | +14.43 |
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Drawdowns
NSOIX vs. WWWEX - Drawdown Comparison
The maximum NSOIX drawdown since its inception was -33.29%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for NSOIX and WWWEX.
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Drawdown Indicators
| NSOIX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -82.60% | +49.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -13.16% | +5.78% |
Max Drawdown (3Y)Largest decline over 3 years | -18.24% | -17.66% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -27.89% | -26.62% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -33.29% | -36.00% | +2.71% |
Current DrawdownCurrent decline from peak | -0.85% | -13.10% | +12.25% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -41.25% | +34.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 5.71% | -3.73% |
Volatility
NSOIX vs. WWWEX - Volatility Comparison
The current volatility for North Star Opportunity Fund (NSOIX) is 3.59%, while Kinetics The Global Fund (WWWEX) has a volatility of 4.59%. This indicates that NSOIX experiences smaller price fluctuations and is considered to be less risky than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSOIX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 4.59% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 13.54% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 17.16% | -6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 19.55% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 19.23% | -3.61% |
NSOIX vs. WWWEX - Expense Ratio Comparison
NSOIX has a 1.30% expense ratio, which is lower than WWWEX's 1.39% expense ratio.
Dividends
NSOIX vs. WWWEX - Dividend Comparison
NSOIX's dividend yield for the trailing twelve months is around 5.70%, more than WWWEX's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSOIX North Star Opportunity Fund | 5.70% | 6.13% | 4.08% | 2.66% | 4.68% | 2.38% | 0.52% | 1.36% | 6.81% | 1.62% | 1.03% | 2.53% |
WWWEX Kinetics The Global Fund | 2.56% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
NSOIX and WWWEX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (4.59%) compared to NSOIX (3.59%). In terms of maximum drawdown, NSOIX dropped -33.29% vs WWWEX's -82.60%.
NSOIX currently has the higher Sharpe Ratio (2.58 vs -0.13), 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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