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WWNPX vs. NEEIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WWNPX vs. NEEIX

Last updated Jun 24, 2026

WWNPX (Kinetics Paradigm Fund) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, WWNPX returned 12.04%/yr vs 16.36%/yr for NEEIX. At a 0.48 correlation, their price movements are largely independent. WWNPX charges 1.64%/yr vs 1.21%/yr for NEEIX.

Performance

WWNPX vs. NEEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Paradigm Fund (WWNPX) and Needham Growth Fund Institutional Class (NEEIX). 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 12.75% return, which is significantly lower than NEEIX's 65.52% return.

WWNPX

1D
1.05%
1M
-11.42%
YTD
12.75%
6M
9.79%
1Y
-3.12%
3Y*
29.02%
5Y*
12.04%
10Y*
17.86%

NEEIX

1D
1.92%
1M
12.78%
YTD
65.52%
6M
62.14%
1Y
100.79%
3Y*
32.34%
5Y*
16.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WWNPX vs. NEEIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WWNPX
Kinetics Paradigm Fund		12.75%-14.61%88.34%-16.97%29.18%38.14%3.38%30.47%-5.24%28.41%
NEEIX
Needham Growth Fund Institutional Class		65.52%9.32%19.26%27.30%-33.26%28.13%42.39%43.15%-10.13%8.47%

Correlation

The correlation between WWNPX and NEEIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.48

Compare stocks, funds, or ETFs

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Kinetics Paradigm Fund

Needham Growth Fund Institutional Class

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Often compared with NEEIX:
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Return for Risk

WWNPX vs. NEEIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WWNPX
WWNPX Risk / Return Rank: 22
Overall Rank
WWNPX Sharpe Ratio Rank: 22
Sharpe Ratio Rank
WWNPX Sortino Ratio Rank: 22
Sortino Ratio Rank
WWNPX Omega Ratio Rank: 33
Omega Ratio Rank
WWNPX Calmar Ratio Rank: 22
Calmar Ratio Rank
WWNPX Martin Ratio Rank: 22
Martin Ratio Rank
NEEIX
NEEIX Risk / Return Rank: 9393
Overall Rank
NEEIX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
NEEIX Sortino Ratio Rank: 8888
Sortino Ratio Rank
NEEIX Omega Ratio Rank: 8484
Omega Ratio Rank
NEEIX Calmar Ratio Rank: 9898
Calmar Ratio Rank
NEEIX Martin Ratio Rank: 9797
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. NEEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and Needham Growth Fund Institutional Class (NEEIX). 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.

WWNPXNEEIXDifference
Sharpe ratioReturn per unit of total volatility
-0.15
3.48

-3.63

Sortino ratioReturn per unit of downside risk
0.02
3.95

-3.93

Omega ratioGain probability vs. loss probability

1.00

1.53

-0.52

Calmar ratioReturn relative to maximum drawdown

-0.18

7.61

-7.79

Martin ratioReturn relative to average drawdown

-0.43

25.35

-25.79

WWNPX vs. NEEIX - Sharpe Ratio Comparison

The current WWNPX Sharpe Ratio is -0.15, which is lower than the NEEIX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of WWNPX and NEEIX, 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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Drawdowns

WWNPX vs. NEEIX - Drawdown Comparison

The maximum WWNPX drawdown since its inception was -67.87%, which is greater than NEEIX's maximum drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for WWNPX and NEEIX.

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Drawdown Indicators

WWNPXNEEIXDifference

Max Drawdown

Largest peak-to-trough decline

-67.87%

-43.11%

-24.76%

Max Drawdown (1Y)

Largest decline over 1 year

-27.71%

-13.22%

-14.49%

Max Drawdown (3Y)

Largest decline over 3 years

-41.13%

-36.13%

-5.00%

Max Drawdown (5Y)

Largest decline over 5 years

-41.13%

-43.11%

+1.98%

Max Drawdown (10Y)

Largest decline over 10 years

-43.51%

—

—

Current Drawdown

Current decline from peak

-31.66%

0.00%

-31.66%

Average Drawdown

Average peak-to-trough decline

-13.93%

-10.82%

-3.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.77%

3.96%

+7.81%

Volatility

WWNPX vs. NEEIX - Volatility Comparison

The current volatility for Kinetics Paradigm Fund (WWNPX) is 9.71%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 12.91%. This indicates that WWNPX experiences smaller price fluctuations and is considered to be less risky than NEEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WWNPXNEEIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.71%

12.91%

-3.20%

Volatility (6M)

Calculated over the trailing 6-month period

26.86%

22.93%

+3.93%

Volatility (1Y)

Calculated over the trailing 1-year period

33.74%

28.96%

+4.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.01%

28.73%

+4.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.71%

25.98%

+2.73%

WWNPX vs. NEEIX - Expense Ratio Comparison

WWNPX has a 1.64% expense ratio, which is higher than NEEIX's 1.21% expense ratio.

Dividends

WWNPX vs. NEEIX - Dividend Comparison

WWNPX's dividend yield for the trailing twelve months is around 7.28%, more than NEEIX's 4.33% yield.

PositionTTM202520242023202220212020201920182017
NEEIX
Needham Growth Fund Institutional Class		4.33%7.16%7.48%0.00%1.72%6.70%5.58%11.09%17.58%9.64%
WWNPX
Kinetics Paradigm Fund		7.28%8.21%2.95%5.65%2.00%1.67%2.15%1.00%10.44%0.00%

Frequently Asked Questions

WWNPX and NEEIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NEEIX has higher volatility (12.91%) compared to WWNPX (9.71%). In terms of maximum drawdown, WWNPX dropped -67.87% vs NEEIX's -43.11%.

NEEIX currently has the higher Sharpe Ratio (3.48 vs -0.15), 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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