WWNPX vs. RIPIX

Last updated Apr 1, 2026

Compare and contrast key facts about Kinetics Paradigm Fund (WWNPX) and Royce International Premier Fund Institutional Class (RIPIX).

WWNPX is managed by Kinetics. It was launched on Dec 31, 1999. RIPIX is managed by Royce Investment Partners.

Performance

WWNPX vs. RIPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Paradigm Fund (WWNPX) and Royce International Premier Fund Institutional Class (RIPIX). The values are adjusted to include any dividend payments, if applicable.

WWNPX vs. RIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WWNPX Kinetics Paradigm Fund	36.66%	-14.61%	88.34%	-16.97%	29.18%	38.14%	3.38%	30.47%	-16.22%
RIPIX Royce International Premier Fund Institutional Class	-9.90%	9.89%	-7.04%	8.14%	-26.99%	6.22%	16.11%	34.69%	-12.52%

Returns By Period

In the year-to-date period, WWNPX achieves a 36.66% return, which is significantly higher than RIPIX's -9.90% return.

WWNPX

• 1D: -6.34%
• 1M: -9.27%
• YTD: 36.66%
• 6M: 24.06%
• 1Y: 3.73%
• 3Y*: 30.25%
• 5Y*: 16.10%
• 10Y*: 20.54%

RIPIX

• 1D: -0.44%
• 1M: -10.68%
• YTD: -9.90%
• 6M: -12.89%
• 1Y: -0.99%
• 3Y*: -2.49%
• 5Y*: -4.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WWNPX vs. RIPIX - Expense Ratio Comparison

WWNPX has a 1.64% expense ratio, which is higher than RIPIX's 1.04% expense ratio.

WWNPX

Kinetics Paradigm Fund

RIPIX

Royce International Premier Fund Institutional Class

Return for Risk

WWNPX vs. RIPIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WWNPX

WWNPX Risk / Return Rank: 9
WWNPX Sharpe Ratio Rank: 8
WWNPX Sortino Ratio Rank: 11
WWNPX Omega Ratio Rank: 10
WWNPX Calmar Ratio Rank: 8
WWNPX Martin Ratio Rank: 7

RIPIX

RIPIX Risk / Return Rank: 4
RIPIX Sharpe Ratio Rank: 4
RIPIX Sortino Ratio Rank: 3
RIPIX Omega Ratio Rank: 3
RIPIX Calmar Ratio Rank: 4
RIPIX Martin Ratio Rank: 4

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. RIPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and Royce International Premier Fund Institutional Class (RIPIX). 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	RIPIX	Difference
Sharpe ratio Return per unit of total volatility	0.13	-0.14	+0.27
Sortino ratio Return per unit of downside risk	0.45	-0.09	+0.54
Omega ratio Gain probability vs. loss probability	1.06	0.99	+0.07
Calmar ratio Return relative to maximum drawdown	0.07	-0.19	+0.26
Martin ratio Return relative to average drawdown	0.12	-0.51	+0.63
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. RIPIX - Sharpe Ratio Comparison

The current WWNPX Sharpe Ratio is 0.13, which is higher than the RIPIX Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of WWNPX and RIPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WWNPX	RIPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	-0.14	+0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	-0.30	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.04	+0.51

Correlation

The correlation between WWNPX and RIPIX is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WWNPX vs. RIPIX - Dividend Comparison

WWNPX's dividend yield for the trailing twelve months is around 6.01%, more than RIPIX's 1.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
WWNPX Kinetics Paradigm Fund	6.01%	8.21%	2.95%	5.65%	2.00%	1.67%	2.15%	1.00%	10.44%
RIPIX Royce International Premier Fund Institutional Class	1.62%	1.46%	5.66%	3.09%	3.87%	5.02%	0.36%	0.58%	0.54%

Drawdowns

WWNPX vs. RIPIX - Drawdown Comparison

The maximum WWNPX drawdown since its inception was -67.87%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for WWNPX and RIPIX.

Drawdown Indicators

	WWNPX	RIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.87%	-41.89%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-32.61%	-16.38%	-16.23%
Max Drawdown (5Y) Largest decline over 5 years	-41.13%	-41.89%	+0.76%
Max Drawdown (10Y) Largest decline over 10 years	-43.51%	—	—
Current Drawdown Current decline from peak	-17.17%	-33.58%	+16.41%
Average Drawdown Average peak-to-trough decline	-13.85%	-17.83%	+3.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.15%	6.03%	+14.12%

Volatility

WWNPX vs. RIPIX - Volatility Comparison

Kinetics Paradigm Fund (WWNPX) has a higher volatility of 9.21% compared to Royce International Premier Fund Institutional Class (RIPIX) at 5.45%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WWNPX	RIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	5.45%	+3.76%
Volatility (6M) Calculated over the trailing 6-month period	24.60%	9.22%	+15.38%
Volatility (1Y) Calculated over the trailing 1-year period	36.52%	13.61%	+22.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.56%	15.26%	+17.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.17%	16.14%	+12.03%