WWNPX vs. PMEGX
WWNPX (Kinetics Paradigm Fund) and PMEGX (T. Rowe Price Institutional Mid Cap Equity Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, WWNPX returned 18.31%/yr vs 9.78%/yr for PMEGX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. WWNPX charges 1.64%/yr vs 0.61%/yr for PMEGX.
Performance
WWNPX vs. PMEGX - Performance Comparison
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Returns By Period
In the year-to-date period, WWNPX achieves a 21.61% return, which is significantly higher than PMEGX's 3.03% return. Over the past 10 years, WWNPX has outperformed PMEGX with an annualized return of 18.31%, while PMEGX has yielded a comparatively lower 9.78% annualized return.
WWNPX
- 1D
- 1.12%
- 1M
- -1.34%
- 6M
- 6.16%
- YTD
- 21.61%
- 1Y
- 11.71%
- 3Y*
- 27.61%
- 5Y*
- 14.30%
- 10Y*
- 18.31%
- ALL TIME*
- 11.87%
PMEGX
- 1D
- 0.47%
- 1M
- -1.53%
- 6M
- 2.67%
- YTD
- 3.03%
- 1Y
- 6.19%
- 3Y*
- 6.28%
- 5Y*
- 2.15%
- 10Y*
- 9.78%
- ALL TIME*
- 10.81%
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 |
WWNPX vs. PMEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WWNPX Kinetics Paradigm Fund | 21.61% | -14.61% | 88.34% | -16.97% | 29.18% | 38.14% | 3.38% | 30.47% | -5.24% | 28.41% |
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 3.03% | 3.73% | 9.15% | 20.69% | -23.19% | 15.50% | 23.95% | 33.08% | -2.23% | 26.02% |
Correlation
The correlation between WWNPX and PMEGX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.68 |
Over the past year, the correlation between WWNPX and PMEGX has dropped to 0.36 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
WWNPX vs. PMEGX — Risk / Return Rank
WWNPX
PMEGX
WWNPX vs. PMEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX). 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 | PMEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.06 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.41 | -0.16 |
| Martin ratioReturn relative to average drawdown | 0.58 | 1.39 | -0.81 |
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Drawdowns
WWNPX vs. PMEGX - Drawdown Comparison
The maximum WWNPX drawdown since its inception was -67.87%, which is greater than PMEGX's maximum drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for WWNPX and PMEGX.
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Drawdown Indicators
| WWNPX | PMEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.87% | -55.88% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -10.21% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -41.13% | -27.99% | -13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -41.13% | -32.87% | -8.26% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -37.16% | -6.35% |
Current DrawdownCurrent decline from peak | -26.29% | -6.20% | -20.09% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -8.99% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.28% | 3.04% | +9.24% |
Volatility
WWNPX vs. PMEGX - Volatility Comparison
Kinetics Paradigm Fund (WWNPX) has a higher volatility of 7.85% compared to T. Rowe Price Institutional Mid Cap Equity Growth Fund (PMEGX) at 2.50%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than PMEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WWNPX | PMEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 2.50% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 26.73% | 10.49% | +16.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.28% | 13.64% | +20.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.11% | 20.11% | +13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.84% | 19.75% | +9.09% |
WWNPX vs. PMEGX - Expense Ratio Comparison
WWNPX has a 1.64% expense ratio, which is higher than PMEGX's 0.61% expense ratio.
Dividends
WWNPX vs. PMEGX - Dividend Comparison
WWNPX's dividend yield for the trailing twelve months is around 6.75%, less than PMEGX's 20.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEGX T. Rowe Price Institutional Mid Cap Equity Growth Fund | 20.48% | 21.10% | 14.15% | 7.07% | 1.65% | 12.80% | 4.44% | 5.11% | 10.42% | 6.30% | 1.04% | 6.18% |
WWNPX Kinetics Paradigm Fund | 6.75% | 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
WWNPX and PMEGX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWNPX has higher volatility (7.85%) compared to PMEGX (2.50%). In terms of maximum drawdown, WWNPX dropped -67.87% vs PMEGX's -55.88%.
PMEGX currently has the higher Sharpe Ratio (0.31 vs 0.21), 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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