WWNPX vs. ^GSPC
Compare and contrast key facts about Kinetics Paradigm Fund (WWNPX) and S&P 500 (^GSPC).
WWNPX is managed by Kinetics. It was launched on Dec 31, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WWNPX or ^GSPC.
Correlation
The correlation between WWNPX and ^GSPC is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
WWNPX vs. ^GSPC - Performance Comparison
Key characteristics
WWNPX:
2.08
^GSPC:
0.46
WWNPX:
2.58
^GSPC:
0.78
WWNPX:
1.38
^GSPC:
1.11
WWNPX:
2.66
^GSPC:
0.48
WWNPX:
6.24
^GSPC:
1.94
WWNPX:
14.31%
^GSPC:
4.66%
WWNPX:
43.13%
^GSPC:
19.45%
WWNPX:
-68.12%
^GSPC:
-56.78%
WWNPX:
-20.13%
^GSPC:
-10.02%
Returns By Period
In the year-to-date period, WWNPX achieves a 15.68% return, which is significantly higher than ^GSPC's -6.00% return. Over the past 10 years, WWNPX has outperformed ^GSPC with an annualized return of 15.74%, while ^GSPC has yielded a comparatively lower 10.15% annualized return.
WWNPX
15.68%
3.95%
16.86%
87.68%
29.00%
15.74%
^GSPC
-6.00%
-0.94%
-5.06%
8.41%
13.52%
10.15%
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Risk-Adjusted Performance
WWNPX vs. ^GSPC — Risk-Adjusted Performance Rank
WWNPX
^GSPC
WWNPX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics Paradigm Fund (WWNPX) and S&P 500 (^GSPC). 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.
Drawdowns
WWNPX vs. ^GSPC - Drawdown Comparison
The maximum WWNPX drawdown since its inception was -68.12%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for WWNPX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
WWNPX vs. ^GSPC - Volatility Comparison
Kinetics Paradigm Fund (WWNPX) has a higher volatility of 21.06% compared to S&P 500 (^GSPC) at 14.23%. This indicates that WWNPX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.