SSCGX vs. KSOAX

Last updated Jun 24, 2026

SSCGX (SEI Institutional Managed Trust Small Cap Growth Fund) and KSOAX (Kinetics Small Capital Opportunities Advisor Fund Class A) are both Small Cap Growth Equities funds. Over the past 10 years, SSCGX returned 8.16%/yr vs 18.82%/yr for KSOAX. A 0.69 correlation means they provide meaningful diversification when combined. SSCGX charges 1.11%/yr vs 1.89%/yr for KSOAX.

Performance

SSCGX vs. KSOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Institutional Managed Trust Small Cap Growth Fund (SSCGX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSCGX achieves a 19.63% return, which is significantly higher than KSOAX's 13.05% return. Over the past 10 years, SSCGX has underperformed KSOAX with an annualized return of 8.16%, while KSOAX has yielded a comparatively higher 18.82% annualized return.

SSCGX

• 1D: 1.13%
• 1M: 4.79%
• YTD: 19.63%
• 6M: 16.34%
• 1Y: 31.31%
• 3Y*: 16.37%
• 5Y*: 0.62%
• 10Y*: 8.16%

KSOAX

• 1D: -0.24%
• 1M: -8.66%
• YTD: 13.05%
• 6M: 10.61%
• 1Y: 3.33%
• 3Y*: 25.05%
• 5Y*: 12.43%
• 10Y*: 18.82%

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

SSCGX vs. KSOAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSCGX SEI Institutional Managed Trust Small Cap Growth Fund	19.63%	4.30%	16.63%	13.71%	-23.11%	-9.33%	22.69%	21.23%	-5.23%	18.38%
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A	13.05%	-8.89%	68.00%	-14.98%	31.64%	49.94%	2.04%	26.72%	0.00%	25.94%

Correlation

The correlation between SSCGX and KSOAX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 27, 2001	0.69

Over the past year, the correlation between SSCGX and KSOAX has dropped to 0.39 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

SSCGX vs. KSOAX — Risk / Return Rank

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

SSCGX

SSCGX Risk / Return Rank: 44
SSCGX Sharpe Ratio Rank: 37
SSCGX Sortino Ratio Rank: 36
SSCGX Omega Ratio Rank: 33
SSCGX Calmar Ratio Rank: 60
SSCGX Martin Ratio Rank: 55

KSOAX

KSOAX Risk / Return Rank: 3
KSOAX Sharpe Ratio Rank: 3
KSOAX Sortino Ratio Rank: 4
KSOAX Omega Ratio Rank: 4
KSOAX Calmar Ratio Rank: 3
KSOAX Martin Ratio Rank: 3

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.

SSCGX vs. KSOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Managed Trust Small Cap Growth Fund (SSCGX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). 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.

	SSCGX	KSOAX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.07	+1.56
Sortino ratio: Return per unit of downside risk	2.31	0.28	+2.03
Omega ratio: Gain probability vs. loss probability	1.28	1.04	+0.24
Calmar ratio: Return relative to maximum drawdown	2.85	0.09	+2.77
Martin ratio: Return relative to average drawdown	10.48	0.21	+10.28

SSCGX vs. KSOAX - Sharpe Ratio Comparison

The current SSCGX Sharpe Ratio is 1.63, which is higher than the KSOAX Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of SSCGX and KSOAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSCGX vs. KSOAX - Drawdown Comparison

The maximum SSCGX drawdown since its inception was -71.03%, roughly equal to the maximum KSOAX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SSCGX and KSOAX.

Drawdown Indicators

	SSCGX	KSOAX	Difference
Max Drawdown Largest peak-to-trough decline	-71.03%	-70.21%	-0.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-21.60%	+10.03%
Max Drawdown (3Y) Largest decline over 3 years	-27.27%	-33.28%	+6.01%
Max Drawdown (5Y) Largest decline over 5 years	-46.84%	-33.28%	-13.56%
Max Drawdown (10Y) Largest decline over 10 years	-46.84%	-47.11%	+0.27%
Current Drawdown Current decline from peak	-5.05%	-22.66%	+17.61%
Average Drawdown Average peak-to-trough decline	-25.09%	-15.88%	-9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	9.09%	-5.95%

Volatility

SSCGX vs. KSOAX - Volatility Comparison

The current volatility for SEI Institutional Managed Trust Small Cap Growth Fund (SSCGX) is 6.51%, while Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) has a volatility of 8.10%. This indicates that SSCGX experiences smaller price fluctuations and is considered to be less risky than KSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSCGX	KSOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.51%	8.10%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	21.96%	-6.28%
Volatility (1Y) Calculated over the trailing 1-year period	20.36%	26.79%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.69%	27.95%	-4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.76%	26.22%	-2.46%

SSCGX vs. KSOAX - Expense Ratio Comparison

SSCGX has a 1.11% expense ratio, which is lower than KSOAX's 1.89% expense ratio.

Dividends

SSCGX vs. KSOAX - Dividend Comparison

SSCGX's dividend yield for the trailing twelve months is around 8.75%, while KSOAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A	0.00%	0.00%	3.52%	6.72%	0.00%	1.41%	0.00%	0.00%	0.00%	0.00%
SSCGX SEI Institutional Managed Trust Small Cap Growth Fund	8.75%	10.47%	7.05%	0.00%	0.05%	1.75%	0.00%	3.29%	17.03%	0.34%

Frequently Asked Questions

Can I hold both SSCGX and KSOAX in my portfolio?

SSCGX and KSOAX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSCGX or KSOAX?

KSOAX has higher volatility (8.10%) compared to SSCGX (6.51%). In terms of maximum drawdown, SSCGX dropped -71.03% vs KSOAX's -70.21%.

Which has better risk-adjusted returns?

SSCGX currently has the higher Sharpe Ratio (1.63 vs 0.07), 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.