VHCOX vs. KMKNX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Kinetics Market Opportunities Fund No Load Class (KMKNX).
VHCOX is managed by Vanguard. It was launched on Aug 14, 1995. KMKNX is an actively managed fund by Kinetics. It was launched on Jan 31, 2006.
Performance
VHCOX vs. KMKNX - Performance Comparison
Loading graphics...
VHCOX vs. KMKNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | -1.41% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 17.71% | -3.09% | 84.05% | -7.34% | 14.98% | 28.03% | 19.56% | 22.76% | -10.68% | 47.26% |
Returns By Period
In the year-to-date period, VHCOX achieves a -1.41% return, which is significantly lower than KMKNX's 17.71% return. Over the past 10 years, VHCOX has underperformed KMKNX with an annualized return of 14.50%, while KMKNX has yielded a comparatively higher 20.62% annualized return.
VHCOX
- 1D
- 1.78%
- 1M
- -2.97%
- YTD
- -1.41%
- 6M
- 4.17%
- 1Y
- 27.33%
- 3Y*
- 18.36%
- 5Y*
- 9.92%
- 10Y*
- 14.50%
KMKNX
- 1D
- -3.93%
- 1M
- -10.09%
- YTD
- 17.71%
- 6M
- 5.86%
- 1Y
- 0.75%
- 3Y*
- 30.64%
- 5Y*
- 14.27%
- 10Y*
- 20.62%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VHCOX vs. KMKNX - Expense Ratio Comparison
VHCOX has a 0.43% expense ratio, which is lower than KMKNX's 1.40% expense ratio.
Return for Risk
VHCOX vs. KMKNX — Risk / Return Rank
VHCOX
KMKNX
VHCOX vs. KMKNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Kinetics Market Opportunities Fund No Load Class (KMKNX). 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.
| VHCOX | KMKNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.09 | +1.23 |
Sortino ratioReturn per unit of downside risk | 1.90 | 0.31 | +1.60 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.04 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 0.19 | +1.84 |
Martin ratioReturn relative to average drawdown | 8.33 | 0.35 | +7.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VHCOX | KMKNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.09 | +1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.54 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.88 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.57 | +0.02 |
Correlation
The correlation between VHCOX and KMKNX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VHCOX vs. KMKNX - Dividend Comparison
VHCOX's dividend yield for the trailing twelve months is around 9.75%, more than KMKNX's 0.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 9.75% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
KMKNX Kinetics Market Opportunities Fund No Load Class | 0.56% | 0.66% | 0.81% | 0.87% | 1.36% | 1.56% | 0.26% | 0.33% | 9.13% | 0.64% | 0.00% | 0.00% |
Drawdowns
VHCOX vs. KMKNX - Drawdown Comparison
The maximum VHCOX drawdown since its inception was -54.76%, smaller than the maximum KMKNX drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for VHCOX and KMKNX.
Loading graphics...
Drawdown Indicators
| VHCOX | KMKNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -65.47% | +10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -19.52% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.59% | -31.47% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -31.47% | -2.31% |
Current DrawdownCurrent decline from peak | -7.67% | -13.68% | +6.01% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -15.29% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 10.61% | -7.22% |
Volatility
VHCOX vs. KMKNX - Volatility Comparison
The current volatility for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is 7.27%, while Kinetics Market Opportunities Fund No Load Class (KMKNX) has a volatility of 7.90%. This indicates that VHCOX experiences smaller price fluctuations and is considered to be less risky than KMKNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VHCOX | KMKNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 7.90% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 18.32% | -5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 24.92% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 26.50% | -6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 23.42% | -3.20% |