WWNPX vs. WWWEX
WWNPX (Kinetics Paradigm Fund) and WWWEX (Kinetics The Global Fund) are both mutual funds - WWNPX is a Mid Cap Growth Equities fund managed by Kinetics, while WWWEX is a Diversified Portfolio fund managed by Kinetics. Over the past 10 years, WWNPX returned 18.31%/yr vs 15.16%/yr for WWWEX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. WWNPX charges 1.64%/yr vs 1.39%/yr for WWWEX.
Performance
WWNPX vs. WWWEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WWNPX achieves a 21.61% return, which is significantly higher than WWWEX's 4.79% return. Over the past 10 years, WWNPX has outperformed WWWEX with an annualized return of 18.31%, while WWWEX has yielded a comparatively lower 15.16% 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%
WWWEX
- 1D
- 1.26%
- 1M
- 1.02%
- 6M
- -0.88%
- YTD
- 4.79%
- 1Y
- 0.83%
- 3Y*
- 28.06%
- 5Y*
- 13.30%
- 10Y*
- 15.16%
- ALL TIME*
- 4.61%
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. WWWEX - 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% |
WWWEX Kinetics The Global Fund | 4.79% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
Correlation
The correlation between WWNPX and WWWEX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.72 |
The correlation between WWNPX and WWWEX has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WWNPX vs. WWWEX — Risk / Return Rank
WWNPX
WWWEX
WWNPX vs. WWWEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and Kinetics The Global Fund (WWWEX). 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 | WWWEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.00 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.07 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.58 | -0.15 | +0.72 |
Loading charts...
Drawdowns
WWNPX vs. WWWEX - Drawdown Comparison
The maximum WWNPX drawdown since its inception was -67.87%, smaller than the maximum WWWEX drawdown of -82.60%. Use the drawdown chart below to compare losses from any high point for WWNPX and WWWEX.
Loading charts...
Drawdown Indicators
| WWNPX | WWWEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.87% | -82.60% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -27.71% | -13.86% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -41.13% | -17.66% | -23.47% |
Max Drawdown (5Y)Largest decline over 5 years | -41.13% | -26.62% | -14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -43.51% | -36.00% | -7.51% |
Current DrawdownCurrent decline from peak | -26.29% | -9.61% | -16.68% |
Average DrawdownAverage peak-to-trough decline | -13.98% | -41.12% | +27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.28% | 6.63% | +5.65% |
Volatility
WWNPX vs. WWWEX - Volatility Comparison
Kinetics Paradigm Fund (WWNPX) has a higher volatility of 7.85% compared to Kinetics The Global Fund (WWWEX) at 3.67%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than WWWEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WWNPX | WWWEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 3.67% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 26.73% | 13.30% | +13.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.28% | 17.34% | +16.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.11% | 19.41% | +13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.84% | 19.24% | +9.60% |
WWNPX vs. WWWEX - Expense Ratio Comparison
WWNPX has a 1.64% expense ratio, which is higher than WWWEX's 1.39% expense ratio.
Dividends
WWNPX vs. WWWEX - Dividend Comparison
WWNPX's dividend yield for the trailing twelve months is around 6.75%, more than WWWEX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WWWEX Kinetics The Global Fund | 2.46% | 2.58% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% |
Frequently Asked Questions
WWNPX and WWWEX have a correlation of 0.78, 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 WWWEX (3.67%). In terms of maximum drawdown, WWNPX dropped -67.87% vs WWWEX's -82.60%.
WWNPX currently has the higher Sharpe Ratio (0.21 vs -0.06), 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.
Find the right allocation for WWNPX and WWWEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer