VHCOX vs. LSHAX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Investor Shares (VHCOX) and Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX).
VHCOX is managed by Vanguard. It was launched on Aug 14, 1995. LSHAX is managed by Kinetics. It was launched on May 4, 2007.
Performance
VHCOX vs. LSHAX - Performance Comparison
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VHCOX vs. LSHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | -3.14% | 25.74% | 14.00% | 25.55% | -17.61% | 20.85% | 22.73% | 27.20% | -3.76% | 28.28% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 52.24% | -19.53% | 82.16% | -19.74% | 39.45% | 42.75% | 5.23% | 31.30% | -8.18% | 15.65% |
Returns By Period
In the year-to-date period, VHCOX achieves a -3.14% return, which is significantly lower than LSHAX's 52.24% return. Over the past 10 years, VHCOX has underperformed LSHAX with an annualized return of 14.30%, while LSHAX has yielded a comparatively higher 19.68% annualized return.
VHCOX
- 1D
- 3.60%
- 1M
- -6.90%
- YTD
- -3.14%
- 6M
- 2.84%
- 1Y
- 26.35%
- 3Y*
- 17.67%
- 5Y*
- 9.53%
- 10Y*
- 14.30%
LSHAX
- 1D
- 1.35%
- 1M
- -9.16%
- YTD
- 52.24%
- 6M
- 39.89%
- 1Y
- 5.11%
- 3Y*
- 29.81%
- 5Y*
- 17.52%
- 10Y*
- 19.68%
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VHCOX vs. LSHAX - Expense Ratio Comparison
VHCOX has a 0.43% expense ratio, which is lower than LSHAX's 1.68% expense ratio.
Return for Risk
VHCOX vs. LSHAX — Risk / Return Rank
VHCOX
LSHAX
VHCOX vs. LSHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) 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.
| VHCOX | LSHAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.17 | +1.04 |
Sortino ratioReturn per unit of downside risk | 1.76 | 0.53 | +1.23 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.07 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.22 | +1.65 |
Martin ratioReturn relative to average drawdown | 7.74 | 0.34 | +7.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VHCOX | LSHAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.17 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.52 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.65 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.35 | +0.23 |
Correlation
The correlation between VHCOX and LSHAX is 0.67, 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. LSHAX - Dividend Comparison
VHCOX's dividend yield for the trailing twelve months is around 9.93%, more than LSHAX's 7.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCOX Vanguard Capital Opportunity Fund Investor Shares | 9.93% | 9.62% | 8.16% | 2.33% | 9.26% | 10.44% | 9.10% | 6.41% | 12.11% | 3.87% | 5.66% | 5.30% |
LSHAX Kinetics Spin-Off and Corporate Restructuring Fund | 7.61% | 11.59% | 4.66% | 9.40% | 1.76% | 0.11% | 0.53% | 0.00% | 4.85% | 3.94% | 1.84% | 0.00% |
Drawdowns
VHCOX vs. LSHAX - Drawdown Comparison
The maximum VHCOX drawdown since its inception was -54.76%, smaller than the maximum LSHAX drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for VHCOX and LSHAX.
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Drawdown Indicators
| VHCOX | LSHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -69.03% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -37.04% | +23.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.59% | -45.79% | +18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -50.78% | +17.00% |
Current DrawdownCurrent decline from peak | -9.29% | -14.39% | +5.10% |
Average DrawdownAverage peak-to-trough decline | -10.04% | -21.93% | +11.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 24.26% | -20.90% |
Volatility
VHCOX vs. LSHAX - Volatility Comparison
The current volatility for Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is 7.31%, while Kinetics Spin-Off and Corporate Restructuring Fund (LSHAX) has a volatility of 9.79%. This indicates that VHCOX 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
| VHCOX | LSHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 9.79% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 27.10% | -14.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 40.80% | -19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 33.69% | -14.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 30.16% | -9.94% |