TFCGX vs. KSCOX

Last updated Jun 23, 2026

TFCGX (Taylor Frigon Core Growth Fund) and KSCOX (Kinetics Small Cap Opportunities Fund) are both Small Cap Growth Equities funds. Over the past 5 years, TFCGX returned -1.26%/yr vs 13.50%/yr for KSCOX. At a 0.43 correlation, their price movements are largely independent. TFCGX charges 1.45%/yr vs 1.64%/yr for KSCOX.

Performance

TFCGX vs. KSCOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Taylor Frigon Core Growth Fund (TFCGX) 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, TFCGX achieves a 14.38% return, which is significantly higher than KSCOX's 13.44% return.

TFCGX

• 1D: 3.24%
• 1M: 5.53%
• YTD: 14.38%
• 6M: 11.50%
• 1Y: 33.37%
• 3Y*: 14.81%
• 5Y*: -1.26%
• 10Y*: —

KSCOX

• 1D: 0.21%
• 1M: -8.43%
• YTD: 13.44%
• 6M: 10.04%
• 1Y: 2.37%
• 3Y*: 24.33%
• 5Y*: 13.50%
• 10Y*: 18.85%

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

TFCGX vs. KSCOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFCGX Taylor Frigon Core Growth Fund	14.38%	9.60%	20.36%	20.16%	-48.26%	10.57%	79.36%	32.17%	0.00%	21.32%
KSCOX Kinetics Small Cap Opportunities Fund	13.44%	-8.66%	68.42%	-14.77%	31.96%	50.32%	2.30%	27.06%	0.29%	26.23%

Correlation

The correlation between TFCGX and KSCOX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.43

The correlation between TFCGX and KSCOX shifts across timeframes, from 0.32 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TFCGX vs. KSCOX — Risk / Return Rank

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

TFCGX

TFCGX Risk / Return Rank: 20
TFCGX Sharpe Ratio Rank: 20
TFCGX Sortino Ratio Rank: 20
TFCGX Omega Ratio Rank: 18
TFCGX Calmar Ratio Rank: 23
TFCGX Martin Ratio Rank: 22

KSCOX

KSCOX Risk / Return Rank: 3
KSCOX Sharpe Ratio Rank: 3
KSCOX Sortino Ratio Rank: 4
KSCOX Omega Ratio Rank: 4
KSCOX Calmar Ratio Rank: 3
KSCOX 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.

TFCGX vs. KSCOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taylor Frigon Core Growth Fund (TFCGX) 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.

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.

	TFCGX	KSCOX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	0.09	+1.12
Sortino ratio: Return per unit of downside risk	1.74	0.31	+1.44
Omega ratio: Gain probability vs. loss probability	1.21	1.04	+0.17
Calmar ratio: Return relative to maximum drawdown	1.65	0.11	+1.54
Martin ratio: Return relative to average drawdown	5.00	0.26	+4.74

TFCGX vs. KSCOX - Sharpe Ratio Comparison

The current TFCGX Sharpe Ratio is 1.21, which is higher than the KSCOX Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of TFCGX 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.

Drawdowns

TFCGX vs. KSCOX - Drawdown Comparison

The maximum TFCGX drawdown since its inception was -97.73%, which is greater than KSCOX's maximum drawdown of -70.09%. Use the drawdown chart below to compare losses from any high point for TFCGX and KSCOX.

Drawdown Indicators

	TFCGX	KSCOX	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-70.09%	-27.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.42%	-21.52%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-97.73%	-33.10%	-64.63%
Max Drawdown (5Y) Largest decline over 5 years	-97.73%	-33.10%	-64.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.09%	—
Current Drawdown Current decline from peak	-95.95%	-22.18%	-73.77%
Average Drawdown Average peak-to-trough decline	-31.75%	-14.90%	-16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.39%	8.95%	-2.56%

Volatility

TFCGX vs. KSCOX - Volatility Comparison

Taylor Frigon Core Growth Fund (TFCGX) has a higher volatility of 10.08% compared to Kinetics Small Cap Opportunities Fund (KSCOX) at 8.28%. This indicates that TFCGX'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

	TFCGX	KSCOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.08%	8.28%	+1.80%
Volatility (6M) Calculated over the trailing 6-month period	19.76%	22.22%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	26.60%	26.73%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,319.20%	27.96%	+1,291.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	958.86%	26.20%	+932.66%

TFCGX vs. KSCOX - Expense Ratio Comparison

TFCGX has a 1.45% expense ratio, which is lower than KSCOX's 1.64% expense ratio.

Dividends

TFCGX vs. KSCOX - Dividend Comparison

TFCGX has not paid dividends to shareholders, while KSCOX's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
KSCOX Kinetics Small Cap Opportunities Fund	0.16%	0.18%	3.58%	6.71%	0.00%	1.67%	0.00%	0.00%	0.00%
TFCGX Taylor Frigon Core Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	10.28%	5.09%	1.71%	1.88%

Frequently Asked Questions

Can I hold both TFCGX and KSCOX in my portfolio?

TFCGX and KSCOX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFCGX or KSCOX?

TFCGX has higher volatility (10.08%) compared to KSCOX (8.28%). In terms of maximum drawdown, TFCGX dropped -97.73% vs KSCOX's -70.09%.

Which has better risk-adjusted returns?

TFCGX currently has the higher Sharpe Ratio (1.21 vs 0.09), 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.