SGFFX vs. LSHAX
SGFFX (Sparrow Growth Fund) and LSHAX (Kinetics Spin-Off and Corporate Restructuring Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, SGFFX returned 15.77%/yr vs 17.51%/yr for LSHAX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. SGFFX charges 1.81%/yr vs 1.68%/yr for LSHAX.
Performance
SGFFX vs. LSHAX - Performance Comparison
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Returns By Period
In the year-to-date period, SGFFX achieves a 2.46% return, which is significantly lower than LSHAX's 35.00% return. Over the past 10 years, SGFFX has underperformed LSHAX with an annualized return of 15.77%, while LSHAX has yielded a comparatively higher 17.51% annualized return.
SGFFX
- 1D
- 1.85%
- 1M
- 0.48%
- 6M
- 6.19%
- YTD
- 2.46%
- 1Y
- 7.22%
- 3Y*
- 18.86%
- 5Y*
- 5.03%
- 10Y*
- 15.77%
- ALL TIME*
- 6.92%
LSHAX
- 1D
- 0.32%
- 1M
- -0.35%
- 6M
- 17.66%
- YTD
- 35.00%
- 1Y
- 24.58%
- 3Y*
- 23.52%
- 5Y*
- 15.39%
- 10Y*
- 17.51%
- ALL TIME*
- 8.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
SGFFX Sparrow Growth Fund | $0.00 | $0.00 | $0.00 |
SGFFX vs. LSHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGFFX Sparrow Growth Fund | 2.46% | 14.31% | 34.81% | 17.02% | -23.36% | -11.00% | 97.83% | 27.24% | 6.26% | 31.24% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 35.00% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -8.18% | 15.65% |
Correlation
The correlation between SGFFX and LSHAX is 0.05, 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. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 11, 2007 | 0.59 |
Over the past year, the correlation between SGFFX and LSHAX has dropped to 0.05 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
SGFFX vs. LSHAX — Risk / Return Rank
SGFFX
LSHAX
SGFFX vs. LSHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sparrow Growth Fund (SGFFX) 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.
| SGFFX | LSHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.15 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.94 | -0.35 |
| Martin ratioReturn relative to average drawdown | 1.89 | 2.06 | -0.16 |
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Drawdowns
SGFFX vs. LSHAX - Drawdown Comparison
The maximum SGFFX drawdown since its inception was -62.10%, smaller than the maximum LSHAX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for SGFFX and LSHAX.
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Drawdown Indicators
| SGFFX | LSHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.10% | -69.03% | +6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -15.33% | -28.39% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -39.29% | -45.79% | +6.50% |
Max Drawdown (5Y)Largest decline over 5 years | -40.24% | -45.79% | +5.55% |
Max Drawdown (10Y)Largest decline over 10 years | -50.45% | -50.78% | +0.33% |
Current DrawdownCurrent decline from peak | -16.77% | -24.08% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -21.97% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 12.97% | -8.21% |
Volatility
SGFFX vs. LSHAX - Volatility Comparison
The current volatility for Sparrow Growth Fund (SGFFX) is 4.57%, while Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a volatility of 7.44%. This indicates that SGFFX 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
| SGFFX | LSHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 7.44% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 30.04% | -18.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.96% | 38.89% | -24.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 34.59% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.02% | 30.99% | -2.97% |
SGFFX vs. LSHAX - Expense Ratio Comparison
SGFFX has a 1.81% expense ratio, which is higher than LSHAX's 1.68% expense ratio.
Dividends
SGFFX vs. LSHAX - Dividend Comparison
SGFFX has not paid dividends to shareholders, while LSHAX's dividend yield for the trailing twelve months is around 8.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 8.58% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% | 0.00% |
SGFFX Sparrow Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 18.67% | 0.00% | 0.67% | 1.33% | 5.84% | 7.33% | 0.00% | 2.59% |
Frequently Asked Questions
SGFFX and LSHAX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LSHAX has higher volatility (7.44%) compared to SGFFX (4.57%). In terms of maximum drawdown, SGFFX dropped -62.10% vs LSHAX's -69.03%.
LSHAX currently has the higher Sharpe Ratio (0.69 vs 0.65), 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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