WMGAX vs. WWNPX
WMGAX (Delaware Ivy Mid Cap Growth Fund) and WWNPX (Kinetics Paradigm Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, WMGAX returned 10.91%/yr vs 18.48%/yr for WWNPX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. WMGAX charges 1.12%/yr vs 1.64%/yr for WWNPX.
Performance
WMGAX vs. WWNPX - Performance Comparison
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Returns By Period
In the year-to-date period, WMGAX achieves a 0.57% return, which is significantly lower than WWNPX's 23.11% return. Over the past 10 years, WMGAX has underperformed WWNPX with an annualized return of 10.91%, while WWNPX has yielded a comparatively higher 18.48% annualized return.
WMGAX
- 1D
- 0.83%
- 1M
- -3.28%
- 6M
- -2.05%
- YTD
- 0.57%
- 1Y
- -2.92%
- 3Y*
- 3.72%
- 5Y*
- -1.28%
- 10Y*
- 10.91%
- ALL TIME*
- 8.17%
WWNPX
- 1D
- 1.24%
- 1M
- -0.12%
- 6M
- 11.03%
- YTD
- 23.11%
- 1Y
- 13.09%
- 3Y*
- 28.55%
- 5Y*
- 14.58%
- 10Y*
- 18.48%
- ALL TIME*
- 11.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WMGAX vs. WWNPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | 0.57% | 0.83% | 10.02% | 19.97% | -30.68% | 16.22% | 48.56% | 38.01% | -0.20% | 26.95% |
WWNPX Kinetics Paradigm Fund | 23.11% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
Correlation
The correlation between WMGAX and WWNPX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000 | 0.65 |
Over the past year, the correlation between WMGAX and WWNPX has dropped to 0.32 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
WMGAX vs. WWNPX — Risk / Return Rank
WMGAX
WWNPX
WMGAX vs. WWNPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Mid Cap Growth Fund (WMGAX) and Kinetics Paradigm Fund (WWNPX). 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.
| WMGAX | WWNPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.08 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.36 | -0.60 |
| Martin ratioReturn relative to average drawdown | -0.62 | 0.81 | -1.42 |
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Drawdowns
WMGAX vs. WWNPX - Drawdown Comparison
The maximum WMGAX drawdown since its inception was -53.74%, smaller than the maximum WWNPX drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for WMGAX and WWNPX.
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Drawdown Indicators
| WMGAX | WWNPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.74% | -67.87% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.16% | -27.71% | +11.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -41.13% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -42.95% | -41.13% | -1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -42.95% | -43.51% | +0.56% |
Current DrawdownCurrent decline from peak | -16.62% | -25.38% | +8.76% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -13.98% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.23% | 12.27% | -6.04% |
Volatility
WMGAX vs. WWNPX - Volatility Comparison
The current volatility for Delaware Ivy Mid Cap Growth Fund (WMGAX) is 3.23%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 6.96%. This indicates that WMGAX experiences smaller price fluctuations and is considered to be less risky than WWNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMGAX | WWNPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 6.96% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 26.74% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 34.29% | -16.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.13% | 33.11% | -7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 28.84% | -5.70% |
WMGAX vs. WWNPX - Expense Ratio Comparison
WMGAX has a 1.12% expense ratio, which is lower than WWNPX's 1.64% expense ratio.
Dividends
WMGAX vs. WWNPX - Dividend Comparison
WMGAX's dividend yield for the trailing twelve months is around 11.03%, more than WWNPX's 6.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMGAX Delaware Ivy Mid Cap Growth Fund | 11.03% | 11.10% | 15.30% | 6.66% | 11.94% | 13.08% | 9.97% | 5.23% | 10.28% | 7.92% | 3.98% | 10.88% |
WWNPX Kinetics Paradigm Fund | 6.67% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WMGAX and WWNPX 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.
WWNPX has higher volatility (6.96%) compared to WMGAX (3.23%). In terms of maximum drawdown, WMGAX dropped -53.74% vs WWNPX's -67.87%.
WWNPX currently has the higher Sharpe Ratio (0.29 vs -0.22), 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.
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