VLEQX vs. KMKAX
Compare and contrast key facts about Villere Equity Fund (VLEQX) and Kinetics Market Opportunities Fund (KMKAX).
VLEQX is managed by Villere. It was launched on May 31, 2013. KMKAX is managed by Kinetics. It was launched on Jan 31, 2006.
Performance
VLEQX vs. KMKAX - Performance Comparison
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VLEQX vs. KMKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLEQX Villere Equity Fund | -0.45% | 0.26% | 1.50% | 11.37% | -24.50% | 5.80% | 14.77% | 24.50% | -6.98% | 7.34% |
KMKAX Kinetics Market Opportunities Fund | 22.43% | -3.31% | 83.58% | -7.57% | 14.69% | 27.69% | 19.31% | 22.42% | -10.92% | 46.89% |
Returns By Period
In the year-to-date period, VLEQX achieves a -0.45% return, which is significantly lower than KMKAX's 22.43% return. Over the past 10 years, VLEQX has underperformed KMKAX with an annualized return of 3.29%, while KMKAX has yielded a comparatively higher 20.79% annualized return.
VLEQX
- 1D
- 1.85%
- 1M
- -5.01%
- YTD
- -0.45%
- 6M
- -0.19%
- 1Y
- 1.46%
- 3Y*
- 1.12%
- 5Y*
- -3.25%
- 10Y*
- 3.29%
KMKAX
- 1D
- 1.40%
- 1M
- -7.66%
- YTD
- 22.43%
- 6M
- 11.30%
- 1Y
- 6.24%
- 3Y*
- 32.07%
- 5Y*
- 14.91%
- 10Y*
- 20.79%
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VLEQX vs. KMKAX - Expense Ratio Comparison
VLEQX has a 1.22% expense ratio, which is lower than KMKAX's 1.65% expense ratio.
Return for Risk
VLEQX vs. KMKAX — Risk / Return Rank
VLEQX
KMKAX
VLEQX vs. KMKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Villere Equity Fund (VLEQX) and Kinetics Market Opportunities Fund (KMKAX). 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.
| VLEQX | KMKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.08 | 0.31 | -0.23 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.60 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.08 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.41 | -0.27 |
Martin ratioReturn relative to average drawdown | 0.49 | 0.76 | -0.27 |
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
| VLEQX | KMKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.31 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.57 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.89 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.56 | -0.49 |
Correlation
The correlation between VLEQX and KMKAX is 0.51, 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
VLEQX vs. KMKAX - Dividend Comparison
VLEQX's dividend yield for the trailing twelve months is around 0.54%, more than KMKAX's 0.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLEQX Villere Equity Fund | 0.54% | 0.54% | 0.40% | 4.64% | 2.88% | 8.24% | 0.73% | 0.17% | 0.34% | 0.00% | 0.11% | 1.76% |
KMKAX Kinetics Market Opportunities Fund | 0.50% | 0.61% | 0.66% | 0.69% | 1.19% | 1.29% | 0.02% | 0.07% | 9.28% | 0.51% | 0.00% | 0.00% |
Drawdowns
VLEQX vs. KMKAX - Drawdown Comparison
The maximum VLEQX drawdown since its inception was -35.60%, smaller than the maximum KMKAX drawdown of -65.57%. Use the drawdown chart below to compare losses from any high point for VLEQX and KMKAX.
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Drawdown Indicators
| VLEQX | KMKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.60% | -65.57% | +29.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -19.64% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -33.46% | -31.56% | -1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -35.60% | -31.56% | -4.04% |
Current DrawdownCurrent decline from peak | -19.59% | -10.45% | -9.14% |
Average DrawdownAverage peak-to-trough decline | -12.40% | -15.53% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 10.65% | -7.28% |
Volatility
VLEQX vs. KMKAX - Volatility Comparison
The current volatility for Villere Equity Fund (VLEQX) is 4.03%, while Kinetics Market Opportunities Fund (KMKAX) has a volatility of 7.05%. This indicates that VLEQX experiences smaller price fluctuations and is considered to be less risky than KMKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VLEQX | KMKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 7.05% | -3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 17.86% | -9.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.35% | 24.60% | -8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.30% | 26.44% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 23.39% | -4.14% |