SGGKY vs. KSCOX

Last updated Jun 4, 2026

SGGKY (Singapore Technologies Engineering Ltd ADR) is a stock, while KSCOX (Kinetics Small Cap Opportunities Fund) is Small Cap Growth Equities fund managed by Kinetics. Over the past 10 years, SGGKY returned 18.55%/yr vs 19.27%/yr for KSCOX. At a 0.06 correlation, their price movements are largely independent.

Performance

SGGKY vs. KSCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Singapore Technologies Engineering Ltd ADR (SGGKY) 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, SGGKY achieves a 40.11% return, which is significantly higher than KSCOX's 17.73% return. Both investments have delivered pretty close results over the past 10 years, with SGGKY having a 18.55% annualized return and KSCOX not far ahead at 19.27%.

SGGKY

• 1D: 11.27%
• 1M: 5.67%
• YTD: 40.11%
• 6M: 45.20%
• 1Y: 47.80%
• 3Y*: 52.85%
• 5Y*: 29.49%
• 10Y*: 18.55%

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)

SGGKY vs. KSCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGGKY Singapore Technologies Engineering Ltd ADR	40.11%	92.59%	21.90%	24.06%	-6.68%	-1.56%	6.90%	16.62%	10.57%	16.28%
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 SGGKY and KSCOX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Sep 11, 2009	0.06

Return for Risk

SGGKY vs. KSCOX — Risk / Return Rank

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

SGGKY

SGGKY Risk / Return Rank: 76
SGGKY Sharpe Ratio Rank: 73
SGGKY Sortino Ratio Rank: 68
SGGKY Omega Ratio Rank: 81
SGGKY Calmar Ratio Rank: 78
SGGKY Martin Ratio Rank: 79

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.

SGGKY vs. KSCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Singapore Technologies Engineering Ltd ADR (SGGKY) 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.

	SGGKY	KSCOX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.20	+0.86
Sortino ratio: Return per unit of downside risk	1.67	0.45	+1.22
Omega ratio: Gain probability vs. loss probability	1.32	1.06	+0.26
Calmar ratio: Return relative to maximum drawdown	2.41	0.28	+2.13
Martin ratio: Return relative to average drawdown	6.26	0.63	+5.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGGKY vs. KSCOX - Sharpe Ratio Comparison

The current SGGKY Sharpe Ratio is 1.06, which is higher than the KSCOX Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of SGGKY 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

	SGGKY	KSCOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	0.20	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.52	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.74	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.58	-0.06

Drawdowns

SGGKY vs. KSCOX - Drawdown Comparison

The maximum SGGKY drawdown since its inception was -41.78%, smaller than the maximum KSCOX drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for SGGKY and KSCOX.

Drawdown Indicators

	SGGKY	KSCOX	Difference
Max Drawdown Largest peak-to-trough decline	-41.78%	-70.09%	+28.31%
Max Drawdown (1Y) Largest decline over 1 year	-19.95%	-18.82%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-33.10%	+13.15%
Max Drawdown (5Y) Largest decline over 5 years	-28.58%	-33.10%	+4.52%
Max Drawdown (10Y) Largest decline over 10 years	-41.70%	-47.09%	+5.39%
Current Drawdown Current decline from peak	-3.77%	-19.24%	+15.47%
Average Drawdown Average peak-to-trough decline	-9.74%	-14.89%	+5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	8.24%	-0.58%

Volatility

SGGKY vs. KSCOX - Volatility Comparison

Singapore Technologies Engineering Ltd ADR (SGGKY) has a higher volatility of 12.10% compared to Kinetics Small Cap Opportunities Fund (KSCOX) at 6.04%. This indicates that SGGKY'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

	SGGKY	KSCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.10%	6.04%	+6.06%
Volatility (6M) Calculated over the trailing 6-month period	29.58%	21.67%	+7.91%
Volatility (1Y) Calculated over the trailing 1-year period	46.31%	25.88%	+20.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.31%	27.83%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.96%	26.13%	+4.83%

Dividends

SGGKY vs. KSCOX - Dividend Comparison

SGGKY's dividend yield for the trailing twelve months is around 1.99%, more 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%
SGGKY Singapore Technologies Engineering Ltd ADR	1.99%	1.98%	3.46%	3.92%	6.52%	3.84%	3.44%	3.50%	4.05%	7.64%	7.99%	5.31%

Frequently Asked Questions

Can I hold both SGGKY and KSCOX in my portfolio?

SGGKY and KSCOX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGGKY or KSCOX?

SGGKY has higher volatility (12.10%) compared to KSCOX (6.04%). In terms of maximum drawdown, SGGKY dropped -41.78% vs KSCOX's -70.09%.

Which has better risk-adjusted returns?

SGGKY currently has the higher Sharpe Ratio (1.06 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.