WWWEX vs. FSRRX
WWWEX (Kinetics The Global Fund) and FSRRX (Fidelity Strategic Real Return Fund) are both Diversified Portfolio funds. Over the past 10 years, WWWEX returned 15.19%/yr vs 5.50%/yr for FSRRX. Their 0.47 correlation means their historical movements had little consistent relationship. WWWEX charges 1.39%/yr vs 0.70%/yr for FSRRX.
Performance
WWWEX vs. FSRRX - Performance Comparison
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Returns By Period
In the year-to-date period, WWWEX achieves a 4.86% return, which is significantly lower than FSRRX's 8.14% return. Over the past 10 years, WWWEX has outperformed FSRRX with an annualized return of 15.19%, while FSRRX has yielded a comparatively lower 5.50% annualized return.
WWWEX
- 1D
- 0.06%
- 1M
- 1.08%
- 6M
- 1.32%
- YTD
- 4.86%
- 1Y
- 0.89%
- 3Y*
- 28.29%
- 5Y*
- 13.31%
- 10Y*
- 15.19%
- ALL TIME*
- 4.62%
FSRRX
- 1D
- -0.21%
- 1M
- 1.83%
- 6M
- 5.41%
- YTD
- 8.14%
- 1Y
- 14.51%
- 3Y*
- 8.74%
- 5Y*
- 5.77%
- 10Y*
- 5.50%
- ALL TIME*
- 4.02%
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 |
WWWEX vs. FSRRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WWWEX Kinetics The Global Fund | 4.86% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
FSRRX Fidelity Strategic Real Return Fund | 8.14% | 10.45% | 5.84% | 4.59% | -3.34% | 15.84% | 3.74% | 10.48% | -3.99% | 3.00% |
Correlation
The correlation between WWWEX and FSRRX is 0.52, 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. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005 | 0.47 |
The correlation between WWWEX and FSRRX has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
WWWEX vs. FSRRX — Risk / Return Rank
WWWEX
FSRRX
WWWEX vs. FSRRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics The Global Fund (WWWEX) and Fidelity Strategic Real Return Fund (FSRRX). 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.
| WWWEX | FSRRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.59 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.23 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.05 | 15.07 | -15.12 |
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Drawdowns
WWWEX vs. FSRRX - Drawdown Comparison
The maximum WWWEX drawdown since its inception was -82.60%, which is greater than FSRRX's maximum drawdown of -33.42%. Use the drawdown chart below to compare losses from any high point for WWWEX and FSRRX.
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Drawdown Indicators
| WWWEX | FSRRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.60% | -33.42% | -49.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -3.42% | -10.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -5.80% | -11.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -12.78% | -13.84% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -19.93% | -16.07% |
Current DrawdownCurrent decline from peak | -9.56% | -1.22% | -8.34% |
Average DrawdownAverage peak-to-trough decline | -41.12% | -4.20% | -36.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 0.96% | +5.70% |
Volatility
WWWEX vs. FSRRX - Volatility Comparison
Kinetics The Global Fund (WWWEX) has a higher volatility of 3.33% compared to Fidelity Strategic Real Return Fund (FSRRX) at 1.25%. This indicates that WWWEX's price experiences larger fluctuations and is considered to be riskier than FSRRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WWWEX | FSRRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 1.25% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 3.76% | +9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 4.85% | +12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 6.87% | +12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 6.72% | +12.52% |
WWWEX vs. FSRRX - Expense Ratio Comparison
WWWEX has a 1.39% expense ratio, which is higher than FSRRX's 0.70% expense ratio.
Dividends
WWWEX vs. FSRRX - Dividend Comparison
WWWEX's dividend yield for the trailing twelve months is around 2.46%, less than FSRRX's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRRX Fidelity Strategic Real Return Fund | 4.59% | 4.68% | 4.82% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 9.39% | 1.57% | 2.34% | 1.75% |
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
WWWEX and FSRRX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (3.33%) compared to FSRRX (1.25%). In terms of maximum drawdown, WWWEX dropped -82.60% vs FSRRX's -33.42%.
FSRRX currently has the higher Sharpe Ratio (2.99 vs -0.02), 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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