RIPIX vs. LSHAX
RIPIX (Royce International Premier Fund Institutional Class) and LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RIPIX returned -4.60%/yr vs 14.86%/yr for LSHAX. Their 0.34 correlation means their historical movements had little consistent relationship. RIPIX charges 1.04%/yr vs 1.68%/yr for LSHAX.
Performance
RIPIX vs. LSHAX - Performance Comparison
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Returns By Period
In the year-to-date period, RIPIX achieves a 1.12% return, which is significantly lower than LSHAX's 34.57% return.
RIPIX
- 1D
- -0.78%
- 1M
- -0.94%
- 6M
- 0.48%
- YTD
- 1.12%
- 1Y
- -3.41%
- 3Y*
- 2.13%
- 5Y*
- -4.60%
- 10Y*
- —
- ALL TIME*
- 2.09%
LSHAX
- 1D
- 1.56%
- 1M
- -0.67%
- 6M
- 17.19%
- YTD
- 34.57%
- 1Y
- 26.21%
- 3Y*
- 26.69%
- 5Y*
- 14.86%
- 10Y*
- 17.66%
- ALL TIME*
- 8.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RIPIX vs. LSHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RIPIX Royce International Premier Fund Institutional Class | 1.12% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 34.57% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -17.60% |
Correlation
The correlation between RIPIX and LSHAX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.34 |
Over the past year, the correlation between RIPIX and LSHAX has dropped to 0.10 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
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Return for Risk
RIPIX vs. LSHAX — Risk / Return Rank
RIPIX
LSHAX
RIPIX vs. LSHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce International Premier Fund Institutional Class (RIPIX) and Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX). 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.
| RIPIX | LSHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.79 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.54 | 1.73 | -2.27 |
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Drawdowns
RIPIX vs. LSHAX - Drawdown Comparison
The maximum RIPIX drawdown since its inception was -41.89%, smaller than the maximum LSHAX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for RIPIX and LSHAX.
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Drawdown Indicators
| RIPIX | LSHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -69.03% | +27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -28.39% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -45.79% | +28.51% |
Max Drawdown (5Y)Largest decline over 5 years | -41.89% | -45.79% | +3.90% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.78% | — |
Current DrawdownCurrent decline from peak | -25.47% | -24.32% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -21.96% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.22% | 12.96% | -6.74% |
Volatility
RIPIX vs. LSHAX - Volatility Comparison
The current volatility for Royce International Premier Fund Institutional Class (RIPIX) is 4.63%, while Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a volatility of 7.54%. This indicates that RIPIX experiences smaller price fluctuations and is considered to be less risky than LSHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIPIX | LSHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 7.54% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.55% | 30.08% | -18.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 38.98% | -25.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 34.58% | -19.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 30.98% | -14.86% |
RIPIX vs. LSHAX - Expense Ratio Comparison
RIPIX has a 1.04% expense ratio, which is lower than LSHAX's 1.68% expense ratio.
Dividends
RIPIX vs. LSHAX - Dividend Comparison
RIPIX's dividend yield for the trailing twelve months is around 1.44%, less than LSHAX's 8.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 8.61% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% |
RIPIX Royce International Premier Fund Institutional Class | 1.44% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% |
Frequently Asked Questions
RIPIX and LSHAX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSHAX has higher volatility (7.54%) compared to RIPIX (4.63%). In terms of maximum drawdown, RIPIX dropped -41.89% vs LSHAX's -69.03%.
LSHAX currently has the higher Sharpe Ratio (0.58 vs -0.24), 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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