WWNPX vs. ^GSPC
WWNPX (Kinetics Paradigm Fund) is Mid Cap Growth Equities fund managed by Kinetics, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, WWNPX returned 18.11%/yr vs 13.91%/yr for ^GSPC. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
WWNPX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, WWNPX achieves a 15.12% return, which is significantly higher than ^GSPC's 7.48% return. Over the past 10 years, WWNPX has outperformed ^GSPC with an annualized return of 18.11%, while ^GSPC has yielded a comparatively lower 13.91% annualized return.
WWNPX
- 1D
- 0.67%
- 1M
- -8.97%
- YTD
- 15.12%
- 6M
- 12.35%
- 1Y
- -0.67%
- 3Y*
- 29.92%
- 5Y*
- 12.64%
- 10Y*
- 18.11%
^GSPC
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
WWNPX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WWNPX Kinetics Paradigm Fund | 15.12% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
^GSPC S&P 500 Index | 7.48% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between WWNPX and ^GSPC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.66 |
Over the past year, the correlation between WWNPX and ^GSPC has dropped to 0.28 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
WWNPX vs. ^GSPC — Risk / Return Rank
WWNPX
^GSPC
WWNPX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and S&P 500 Index (^GSPC). 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.
| WWNPX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.30 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 2.29 | -2.37 |
| Martin ratioReturn relative to average drawdown | -0.19 | 10.09 | -10.28 |
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Drawdowns
WWNPX vs. ^GSPC - Drawdown Comparison
The maximum WWNPX drawdown since its inception was -67.87%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WWNPX and ^GSPC.
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Drawdown Indicators
| WWNPX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.87% | -56.78% | -11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -9.10% | -18.61% |
Max Drawdown (3Y)Largest decline over 3 years | -41.13% | -18.90% | -22.23% |
Max Drawdown (5Y)Largest decline over 5 years | -41.13% | -25.43% | -15.70% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -33.92% | -9.59% |
Current DrawdownCurrent decline from peak | -30.22% | -3.32% | -26.90% |
Average DrawdownAverage peak-to-trough decline | -13.93% | -10.71% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.99% | 2.06% | +9.93% |
Volatility
WWNPX vs. ^GSPC - Volatility Comparison
Kinetics Paradigm Fund (WWNPX) has a higher volatility of 9.90% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WWNPX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 4.82% | +5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 26.89% | 9.88% | +17.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.65% | 12.50% | +21.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.01% | 17.00% | +16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.70% | 18.07% | +10.63% |
Frequently Asked Questions
WWNPX and ^GSPC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWNPX has higher volatility (9.90%) compared to ^GSPC (4.82%). In terms of maximum drawdown, WWNPX dropped -67.87% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.67 vs -0.07), 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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