WWNPX vs. VLEQX

Last updated Jun 24, 2026

WWNPX (Kinetics Paradigm Fund) and VLEQX (Villere Equity Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, WWNPX returned 17.86%/yr vs 3.64%/yr for VLEQX. A 0.57 correlation means they provide meaningful diversification when combined. WWNPX charges 1.64%/yr vs 1.22%/yr for VLEQX.

Performance

WWNPX vs. VLEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Paradigm Fund (WWNPX) and Villere Equity Fund (VLEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WWNPX achieves a 12.75% return, which is significantly higher than VLEQX's 3.58% return. Over the past 10 years, WWNPX has outperformed VLEQX with an annualized return of 17.86%, while VLEQX has yielded a comparatively lower 3.64% annualized 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%

VLEQX

• 1D: 0.00%
• 1M: -1.50%
• YTD: 3.58%
• 6M: 2.56%
• 1Y: 3.29%
• 3Y*: 1.92%
• 5Y*: -2.66%
• 10Y*: 3.64%

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

WWNPX vs. VLEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WWNPX Kinetics Paradigm Fund	12.75%	-14.61%	88.34%	-16.97%	29.18%	38.14%	3.38%	30.47%	-5.24%	28.41%
VLEQX Villere Equity Fund	3.58%	0.26%	1.50%	11.37%	-24.50%	5.80%	14.77%	24.50%	-6.98%	7.34%

Correlation

The correlation between WWNPX and VLEQX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.57

Over the past year, the correlation between WWNPX and VLEQX has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

WWNPX vs. VLEQX — Risk / Return Rank

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

WWNPX

WWNPX Risk / Return Rank: 2
WWNPX Sharpe Ratio Rank: 2
WWNPX Sortino Ratio Rank: 2
WWNPX Omega Ratio Rank: 3
WWNPX Calmar Ratio Rank: 2
WWNPX Martin Ratio Rank: 2

VLEQX

VLEQX Risk / Return Rank: 5
VLEQX Sharpe Ratio Rank: 5
VLEQX Sortino Ratio Rank: 5
VLEQX Omega Ratio Rank: 5
VLEQX Calmar Ratio Rank: 5
VLEQX Martin Ratio Rank: 5

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. VLEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and Villere Equity Fund (VLEQX). 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	VLEQX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	0.30	-0.45
Sortino ratio: Return per unit of downside risk	0.02	0.50	-0.48
Omega ratio: Gain probability vs. loss probability	1.00	1.06	-0.06
Calmar ratio: Return relative to maximum drawdown	-0.18	0.41	-0.59
Martin ratio: Return relative to average drawdown	-0.43	1.11	-1.54

WWNPX vs. VLEQX - Sharpe Ratio Comparison

The current WWNPX Sharpe Ratio is -0.15, which is lower than the VLEQX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of WWNPX and VLEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WWNPX vs. VLEQX - Drawdown Comparison

The maximum WWNPX drawdown since its inception was -67.87%, which is greater than VLEQX's maximum drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for WWNPX and VLEQX.

Drawdown Indicators

	WWNPX	VLEQX	Difference
Max Drawdown Largest peak-to-trough decline	-67.87%	-35.60%	-32.27%
Max Drawdown (1Y) Largest decline over 1 year	-27.71%	-8.09%	-19.62%
Max Drawdown (3Y) Largest decline over 3 years	-41.13%	-19.24%	-21.89%
Max Drawdown (5Y) Largest decline over 5 years	-41.13%	-33.46%	-7.67%
Max Drawdown (10Y) Largest decline over 10 years	-43.51%	-35.60%	-7.91%
Current Drawdown Current decline from peak	-31.66%	-16.33%	-15.33%
Average Drawdown Average peak-to-trough decline	-13.93%	-12.46%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	2.98%	+8.79%

Volatility

WWNPX vs. VLEQX - Volatility Comparison

Kinetics Paradigm Fund (WWNPX) has a higher volatility of 9.71% compared to Villere Equity Fund (VLEQX) at 1.78%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than VLEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WWNPX	VLEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	1.78%	+7.93%
Volatility (6M) Calculated over the trailing 6-month period	26.86%	7.57%	+19.29%
Volatility (1Y) Calculated over the trailing 1-year period	33.74%	11.10%	+22.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.01%	19.14%	+13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.71%	19.18%	+9.53%

WWNPX vs. VLEQX - Expense Ratio Comparison

WWNPX has a 1.64% expense ratio, which is higher than VLEQX's 1.22% expense ratio.

Dividends

WWNPX vs. VLEQX - Dividend Comparison

WWNPX's dividend yield for the trailing twelve months is around 7.28%, less than VLEQX's 13.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VLEQX Villere Equity Fund	13.57%	0.54%	0.40%	4.64%	2.88%	8.24%	0.73%	0.17%	0.34%	0.00%	0.11%	1.76%
WWNPX Kinetics Paradigm Fund	7.28%	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

Can I hold both WWNPX and VLEQX in my portfolio?

WWNPX and VLEQX 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.

Which is riskier, WWNPX or VLEQX?

WWNPX has higher volatility (9.71%) compared to VLEQX (1.78%). In terms of maximum drawdown, WWNPX dropped -67.87% vs VLEQX's -35.60%.

Which has better risk-adjusted returns?

VLEQX currently has the higher Sharpe Ratio (0.30 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.