WWNPX vs. KSOAX
Compare and contrast key facts about Kinetics Paradigm Fund (WWNPX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX).
WWNPX is managed by Kinetics. It was launched on Dec 31, 1999. KSOAX is managed by Kinetics. It was launched on Dec 31, 2001.
Performance
WWNPX vs. KSOAX - Performance Comparison
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WWNPX vs. KSOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WWNPX Kinetics Paradigm Fund | 38.76% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A | 31.23% | -8.89% | 68.00% | -14.98% | 31.64% | 49.94% | 2.04% | 26.72% | 0.00% | 25.94% |
Returns By Period
In the year-to-date period, WWNPX achieves a 38.76% return, which is significantly higher than KSOAX's 31.23% return. Both investments have delivered pretty close results over the past 10 years, with WWNPX having a 20.72% annualized return and KSOAX not far ahead at 21.00%.
WWNPX
- 1D
- 1.54%
- 1M
- -9.22%
- YTD
- 38.76%
- 6M
- 23.34%
- 1Y
- 3.39%
- 3Y*
- 30.92%
- 5Y*
- 16.21%
- 10Y*
- 20.72%
KSOAX
- 1D
- 1.22%
- 1M
- -8.52%
- YTD
- 31.23%
- 6M
- 22.23%
- 1Y
- 7.68%
- 3Y*
- 25.99%
- 5Y*
- 15.80%
- 10Y*
- 21.00%
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WWNPX vs. KSOAX - Expense Ratio Comparison
WWNPX has a 1.64% expense ratio, which is lower than KSOAX's 1.89% expense ratio.
Return for Risk
WWNPX vs. KSOAX — Risk / Return Rank
WWNPX
KSOAX
WWNPX vs. KSOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX). 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 | KSOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.32 | -0.17 |
Sortino ratioReturn per unit of downside risk | 0.46 | 0.64 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.08 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.41 | -0.21 |
Martin ratioReturn relative to average drawdown | 0.32 | 0.67 | -0.35 |
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
| WWNPX | KSOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.32 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.57 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.82 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.56 | -0.01 |
Correlation
The correlation between WWNPX and KSOAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WWNPX vs. KSOAX - Dividend Comparison
WWNPX's dividend yield for the trailing twelve months is around 5.92%, while KSOAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WWNPX Kinetics Paradigm Fund | 5.92% | 8.21% | 2.95% | 5.65% | 2.00% | 1.67% | 2.15% | 1.00% | 10.44% |
KSOAX Kinetics Small Capital Opportunities Advisor Fund Class A | 0.00% | 0.00% | 3.52% | 6.72% | 0.00% | 1.41% | 0.00% | 0.00% | 0.00% |
Drawdowns
WWNPX vs. KSOAX - Drawdown Comparison
The maximum WWNPX drawdown since its inception was -67.87%, roughly equal to the maximum KSOAX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for WWNPX and KSOAX.
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Drawdown Indicators
| WWNPX | KSOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.87% | -70.21% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -32.61% | -24.40% | -8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -41.13% | -33.28% | -7.85% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -47.11% | +3.60% |
Current DrawdownCurrent decline from peak | -15.90% | -10.22% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -13.85% | -15.88% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.16% | 14.91% | +5.25% |
Volatility
WWNPX vs. KSOAX - Volatility Comparison
Kinetics Paradigm Fund (WWNPX) has a higher volatility of 9.22% compared to Kinetics Small Capital Opportunities Advisor Fund Class A (KSOAX) at 7.98%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than KSOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WWNPX | KSOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 7.98% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 24.58% | 19.42% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.48% | 28.84% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.56% | 27.74% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.17% | 25.84% | +2.33% |