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WWNPX vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

WWNPX vs. ^GSPC

Last updated Jun 5, 2026

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 18.80%/yr vs 13.65%/yr for ^GSPC. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

WWNPX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Paradigm Fund (WWNPX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, WWNPX achieves a 25.12% return, which is significantly higher than ^GSPC's 10.79% return. Over the past 10 years, WWNPX has outperformed ^GSPC with an annualized return of 18.80%, while ^GSPC has yielded a comparatively lower 13.65% annualized return.

WWNPX

1D
5.58%
1M
-5.90%
YTD
25.12%
6M
18.16%
1Y
3.83%
3Y*
32.55%
5Y*
15.20%
10Y*
18.80%

^GSPC

1D
0.41%
1M
4.48%
YTD
10.79%
6M
10.60%
1Y
27.02%
3Y*
21.07%
5Y*
12.39%
10Y*
13.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WWNPX vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WWNPX
Kinetics Paradigm Fund		25.12%-14.61%88.34%-16.97%29.18%38.14%3.38%30.47%-5.24%28.41%
^GSPC
S&P 500 Index		10.79%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

0.50

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2000

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.

Compare stocks, funds, or ETFs

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Kinetics Paradigm Fund

S&P 500 Index

Often compared with WWNPX:
WWNPX vs. KSCOXWWNPX vs. SPYWWNPX vs. WWWEXWWNPX vs. SMHWWNPX vs. FSELXWWNPX vs. FSHOXWWNPX vs. SWPPX
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

WWNPX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WWNPX
WWNPX Risk / Return Rank: 33
Overall Rank
WWNPX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
WWNPX Sortino Ratio Rank: 44
Sortino Ratio Rank
WWNPX Omega Ratio Rank: 44
Omega Ratio Rank
WWNPX Calmar Ratio Rank: 33
Calmar Ratio Rank
WWNPX Martin Ratio Rank: 33
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 8080
Overall Rank
^GSPC Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7979
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7979
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7676
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

WWNPX^GSPCDifference
Sharpe ratioReturn per unit of total volatility
0.07
2.28

-2.22

Sortino ratioReturn per unit of downside risk
0.33
3.12

-2.80

Omega ratioGain probability vs. loss probability

1.04

1.41

-0.37

Calmar ratioReturn relative to maximum drawdown

0.10

2.98

-2.89

Martin ratioReturn relative to average drawdown

0.20

13.78

-13.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WWNPX vs. ^GSPC - Sharpe Ratio Comparison

The current WWNPX Sharpe Ratio is 0.07, which is lower than the ^GSPC Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of WWNPX and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

WWNPX^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.07

2.28

-2.22

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.46

0.74

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.76

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.47

+0.05

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^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-67.87%

-56.78%

-11.09%

Max Drawdown (1Y)

Largest decline over 1 year

-23.22%

-9.10%

-14.12%

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 Drawdown

Current decline from peak

-24.16%

-0.33%

-23.83%

Average Drawdown

Average peak-to-trough decline

-13.90%

-10.72%

-3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.58%

1.97%

+9.61%

Volatility

WWNPX vs. ^GSPC - Volatility Comparison

Kinetics Paradigm Fund (WWNPX) has a higher volatility of 9.33% compared to S&P 500 Index (^GSPC) at 2.88%. 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^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.33%

2.88%

+6.45%

Volatility (6M)

Calculated over the trailing 6-month period

27.22%

9.00%

+18.22%

Volatility (1Y)

Calculated over the trailing 1-year period

33.21%

11.89%

+21.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.93%

16.90%

+16.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.63%

18.06%

+10.57%

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 (9.33%) compared to ^GSPC (2.88%). In terms of maximum drawdown, WWNPX dropped -67.87% vs ^GSPC's -56.78%.

^GSPC currently has the higher Sharpe Ratio (2.28 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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