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RPTTX vs. KMKAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPTTX vs. KMKAX

Last updated Jun 24, 2026

RPTTX (T. Rowe Price Diversified Mid Cap Growth I) and KMKAX (Kinetics Market Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, RPTTX returned 6.85%/yr vs 13.64%/yr for KMKAX. At a 0.47 correlation, their price movements are largely independent. RPTTX charges 0.67%/yr vs 1.65%/yr for KMKAX.

Performance

RPTTX vs. KMKAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Diversified Mid Cap Growth I (RPTTX) and Kinetics Market Opportunities Fund (KMKAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RPTTX achieves a 5.61% return, which is significantly lower than KMKAX's 6.59% return.

RPTTX

1D
0.42%
1M
3.26%
YTD
5.61%
6M
3.50%
1Y
8.08%
3Y*
16.46%
5Y*
6.85%
10Y*
—

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

RPTTX vs. KMKAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RPTTX
T. Rowe Price Diversified Mid Cap Growth I		5.61%10.48%23.99%21.00%-24.50%13.69%32.02%38.08%-3.02%13.20%
KMKAX
Kinetics Market Opportunities Fund		6.59%-3.31%83.58%-7.57%14.69%27.69%19.31%22.42%-10.92%44.89%

Correlation

The correlation between RPTTX and KMKAX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (All Time)
Calculated using the full available price history since May 4, 2017

0.47

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T. Rowe Price Diversified Mid Cap Growth I

Kinetics Market Opportunities Fund

Often compared with RPTTX:
RPTTX vs. PREIXRPTTX vs. VMCIXRPTTX vs. BFGFXRPTTX vs. EEOFXRPTTX vs. MMGPXRPTTX vs. SECUXRPTTX vs. TRLGX
Often compared with KMKAX:
KMKAX vs. KSCOXKMKAX vs. ONERXKMKAX vs. KSOAXKMKAX vs. HFMDXKMKAX vs. FSELXKMKAX vs. GQEPXKMKAX vs. FSPTX

Return for Risk

RPTTX vs. KMKAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RPTTX
RPTTX Risk / Return Rank: 77
Overall Rank
RPTTX Sharpe Ratio Rank: 77
Sharpe Ratio Rank
RPTTX Sortino Ratio Rank: 77
Sortino Ratio Rank
RPTTX Omega Ratio Rank: 77
Omega Ratio Rank
RPTTX Calmar Ratio Rank: 77
Calmar Ratio Rank
RPTTX Martin Ratio Rank: 88
Martin Ratio Rank
KMKAX
KMKAX Risk / Return Rank: 22
Overall Rank
KMKAX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
KMKAX Sortino Ratio Rank: 22
Sortino Ratio Rank
KMKAX Omega Ratio Rank: 22
Omega Ratio Rank
KMKAX Calmar Ratio Rank: 22
Calmar Ratio Rank
KMKAX Martin Ratio Rank: 22
Martin Ratio Rank
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.

RPTTX vs. KMKAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Diversified Mid Cap Growth I (RPTTX) 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.

RPTTXKMKAXDifference
Sharpe ratioReturn per unit of total volatility
0.52
-0.11

+0.63

Sortino ratioReturn per unit of downside risk
0.85
0.02

+0.84

Omega ratioGain probability vs. loss probability

1.10

1.00

+0.10

Calmar ratioReturn relative to maximum drawdown

0.64

-0.13

+0.77

Martin ratioReturn relative to average drawdown

2.02

-0.32

+2.34

RPTTX vs. KMKAX - Sharpe Ratio Comparison

The current RPTTX Sharpe Ratio is 0.52, which is higher than the KMKAX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of RPTTX and KMKAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RPTTX vs. KMKAX - Drawdown Comparison

The maximum RPTTX drawdown since its inception was -35.91%, smaller than the maximum KMKAX drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for RPTTX and KMKAX.

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Drawdown Indicators

RPTTXKMKAXDifference

Max Drawdown

Largest peak-to-trough decline

-35.91%

-65.57%

+29.66%

Max Drawdown (1Y)

Largest decline over 1 year

-14.08%

-20.20%

+6.12%

Max Drawdown (3Y)

Largest decline over 3 years

-25.04%

-28.45%

+3.41%

Max Drawdown (5Y)

Largest decline over 5 years

-35.62%

-31.56%

-4.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-31.56%

—

Current Drawdown

Current decline from peak

0.00%

-22.04%

+22.04%

Average Drawdown

Average peak-to-trough decline

-8.40%

-15.52%

+7.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.48%

7.89%

-3.41%

Volatility

RPTTX vs. KMKAX - Volatility Comparison

The current volatility for T. Rowe Price Diversified Mid Cap Growth I (RPTTX) is 5.90%, while Kinetics Market Opportunities Fund (KMKAX) has a volatility of 7.01%. This indicates that RPTTX 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

RPTTXKMKAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.90%

7.01%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

13.74%

19.59%

-5.85%

Volatility (1Y)

Calculated over the trailing 1-year period

17.43%

23.85%

-6.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.91%

26.50%

-4.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.07%

23.71%

-1.64%

RPTTX vs. KMKAX - Expense Ratio Comparison

RPTTX has a 0.67% expense ratio, which is lower than KMKAX's 1.65% expense ratio.

Dividends

RPTTX vs. KMKAX - Dividend Comparison

RPTTX's dividend yield for the trailing twelve months is around 7.47%, more than KMKAX's 0.57% yield.

PositionTTM202520242023202220212020201920182017
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%
RPTTX
T. Rowe Price Diversified Mid Cap Growth I		7.47%7.89%8.53%6.85%1.22%10.29%4.89%2.13%5.38%3.81%

Frequently Asked Questions

RPTTX and KMKAX have a correlation of 0.41, 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 RPTTX (5.90%). In terms of maximum drawdown, RPTTX dropped -35.91% vs KMKAX's -65.57%.

RPTTX currently has the higher Sharpe Ratio (0.52 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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