PSGIX vs. KSCOX

Last updated Jun 4, 2026

PSGIX (BlackRock Advantage Small Cap Growth Fund) and KSCOX (Kinetics Small Cap Opportunities Fund) are both Small Cap Growth Equities funds. Over the past 10 years, PSGIX returned 12.40%/yr vs 19.27%/yr for KSCOX. A 0.66 correlation means they provide meaningful diversification when combined. PSGIX charges 0.50%/yr vs 1.64%/yr for KSCOX.

Performance

PSGIX vs. KSCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Advantage Small Cap Growth Fund (PSGIX) and Kinetics Small Cap Opportunities Fund (KSCOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSGIX achieves a 20.50% return, which is significantly higher than KSCOX's 17.73% return. Over the past 10 years, PSGIX has underperformed KSCOX with an annualized return of 12.40%, while KSCOX has yielded a comparatively higher 19.27% annualized return.

PSGIX

• 1D: 1.05%
• 1M: 5.50%
• YTD: 20.50%
• 6M: 18.76%
• 1Y: 43.13%
• 3Y*: 20.72%
• 5Y*: 7.04%
• 10Y*: 12.40%

KSCOX

• 1D: 0.37%
• 1M: -7.02%
• YTD: 17.73%
• 6M: 13.43%
• 1Y: 4.10%
• 3Y*: 25.90%
• 5Y*: 14.50%
• 10Y*: 19.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSGIX vs. KSCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSGIX BlackRock Advantage Small Cap Growth Fund	20.50%	15.24%	14.07%	18.73%	-24.93%	2.95%	33.47%	33.92%	-5.01%	14.19%
KSCOX Kinetics Small Cap Opportunities Fund	17.73%	-8.66%	68.42%	-14.77%	31.96%	50.32%	2.30%	27.06%	0.29%	26.23%

Correlation

The correlation between PSGIX and KSCOX 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	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Mar 21, 2000	0.66

Over the past year, the correlation between PSGIX and KSCOX has dropped to 0.40 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

PSGIX vs. KSCOX — Risk / Return Rank

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

PSGIX

PSGIX Risk / Return Rank: 55
PSGIX Sharpe Ratio Rank: 52
PSGIX Sortino Ratio Rank: 46
PSGIX Omega Ratio Rank: 42
PSGIX Calmar Ratio Rank: 72
PSGIX Martin Ratio Rank: 63

KSCOX

KSCOX Risk / Return Rank: 4
KSCOX Sharpe Ratio Rank: 4
KSCOX Sortino Ratio Rank: 4
KSCOX Omega Ratio Rank: 4
KSCOX Calmar Ratio Rank: 4
KSCOX Martin Ratio Rank: 4

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.

PSGIX vs. KSCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Advantage Small Cap Growth Fund (PSGIX) and Kinetics Small Cap Opportunities Fund (KSCOX). 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.

	PSGIX	KSCOX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	0.20	+1.93
Sortino ratio: Return per unit of downside risk	2.85	0.45	+2.40
Omega ratio: Gain probability vs. loss probability	1.35	1.06	+0.29
Calmar ratio: Return relative to maximum drawdown	3.31	0.28	+3.04
Martin ratio: Return relative to average drawdown	12.44	0.63	+11.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSGIX vs. KSCOX - Sharpe Ratio Comparison

The current PSGIX Sharpe Ratio is 2.13, which is higher than the KSCOX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of PSGIX and KSCOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSGIX	KSCOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	0.20	+1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.52	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.74	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.58	-0.17

Drawdowns

PSGIX vs. KSCOX - Drawdown Comparison

The maximum PSGIX drawdown since its inception was -77.50%, which is greater than KSCOX's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for PSGIX and KSCOX.

Drawdown Indicators

	PSGIX	KSCOX	Difference
Max Drawdown Largest peak-to-trough decline	-77.50%	-70.09%	-7.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.74%	-18.82%	+5.08%
Max Drawdown (3Y) Largest decline over 3 years	-27.77%	-33.10%	+5.33%
Max Drawdown (5Y) Largest decline over 5 years	-40.55%	-33.10%	-7.45%
Max Drawdown (10Y) Largest decline over 10 years	-41.59%	-47.09%	+5.50%
Current Drawdown Current decline from peak	0.00%	-19.24%	+19.24%
Average Drawdown Average peak-to-trough decline	-25.26%	-14.89%	-10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	8.24%	-4.59%

Volatility

PSGIX vs. KSCOX - Volatility Comparison

BlackRock Advantage Small Cap Growth Fund (PSGIX) has a higher volatility of 6.37% compared to Kinetics Small Cap Opportunities Fund (KSCOX) at 6.04%. This indicates that PSGIX's price experiences larger fluctuations and is considered to be riskier than KSCOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSGIX	KSCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	6.04%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	16.00%	21.67%	-5.67%
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	25.88%	-4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	27.83%	-3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	26.13%	-1.74%

PSGIX vs. KSCOX - Expense Ratio Comparison

PSGIX has a 0.50% expense ratio, which is lower than KSCOX's 1.64% expense ratio.

Dividends

PSGIX vs. KSCOX - Dividend Comparison

PSGIX's dividend yield for the trailing twelve months is around 0.09%, less than KSCOX's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KSCOX Kinetics Small Cap Opportunities Fund	0.15%	0.18%	3.58%	6.71%	0.00%	1.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSGIX BlackRock Advantage Small Cap Growth Fund	0.09%	0.11%	0.25%	0.25%	0.47%	18.37%	5.36%	5.37%	24.24%	11.12%	0.05%	6.08%

Frequently Asked Questions

Can I hold both PSGIX and KSCOX in my portfolio?

PSGIX and KSCOX 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.

Which is riskier, PSGIX or KSCOX?

PSGIX has higher volatility (6.37%) compared to KSCOX (6.04%). In terms of maximum drawdown, PSGIX dropped -77.50% vs KSCOX's -70.09%.

Which has better risk-adjusted returns?

PSGIX currently has the higher Sharpe Ratio (2.13 vs 0.20), 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.