WWWEX vs. HBFBX
WWWEX (Kinetics The Global Fund) and HBFBX (Hennessy Balanced Fund) are both Diversified Portfolio funds. Over the past 10 years, WWWEX returned 15.19%/yr vs 5.95%/yr for HBFBX. Their 0.44 correlation means their historical movements had little consistent relationship. WWWEX charges 1.39%/yr vs 0.49%/yr for HBFBX.
Performance
WWWEX vs. HBFBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WWWEX achieves a 4.86% return, which is significantly lower than HBFBX's 8.15% return. Over the past 10 years, WWWEX has outperformed HBFBX with an annualized return of 15.19%, while HBFBX has yielded a comparatively lower 5.95% 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%
HBFBX
- 1D
- 0.07%
- 1M
- 0.22%
- 6M
- 4.90%
- YTD
- 8.15%
- 1Y
- 14.35%
- 3Y*
- 9.32%
- 5Y*
- 7.10%
- 10Y*
- 5.95%
- ALL TIME*
- 4.69%
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. HBFBX - 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% |
HBFBX Hennessy Balanced Fund | 8.15% | 9.90% | 4.81% | 7.62% | 3.83% | 8.07% | -2.98% | 9.71% | 0.06% | 8.34% |
Correlation
The correlation between WWWEX and HBFBX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1999 | 0.44 |
Over the past year, the correlation between WWWEX and HBFBX has dropped to 0.17 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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
WWWEX vs. HBFBX — Risk / Return Rank
WWWEX
HBFBX
WWWEX vs. HBFBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics The Global Fund (WWWEX) and Hennessy Balanced Fund (HBFBX). 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 | HBFBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.45 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.54 | -4.56 |
| Martin ratioReturn relative to average drawdown | -0.05 | 11.62 | -11.67 |
Loading charts...
Drawdowns
WWWEX vs. HBFBX - Drawdown Comparison
The maximum WWWEX drawdown since its inception was -82.60%, which is greater than HBFBX's maximum drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for WWWEX and HBFBX.
Loading charts...
Drawdown Indicators
| WWWEX | HBFBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.60% | -41.61% | -40.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.86% | -3.20% | -10.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -6.10% | -11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -10.22% | -16.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -17.24% | -18.76% |
Current DrawdownCurrent decline from peak | -9.56% | -0.73% | -8.83% |
Average DrawdownAverage peak-to-trough decline | -41.12% | -4.04% | -37.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 1.25% | +5.41% |
Volatility
WWWEX vs. HBFBX - Volatility Comparison
Kinetics The Global Fund (WWWEX) has a higher volatility of 3.33% compared to Hennessy Balanced Fund (HBFBX) at 2.93%. This indicates that WWWEX's price experiences larger fluctuations and is considered to be riskier than HBFBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WWWEX | HBFBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.93% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 4.91% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 6.18% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 7.30% | +12.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 8.16% | +11.08% |
WWWEX vs. HBFBX - Expense Ratio Comparison
WWWEX has a 1.39% expense ratio, which is higher than HBFBX's 0.49% expense ratio.
Dividends
WWWEX vs. HBFBX - Dividend Comparison
WWWEX's dividend yield for the trailing twelve months is around 2.46%, more than HBFBX's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBFBX Hennessy Balanced Fund | 1.66% | 1.90% | 5.40% | 4.62% | 9.50% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% |
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 HBFBX have a correlation of 0.17, 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 HBFBX (2.93%). In terms of maximum drawdown, WWWEX dropped -82.60% vs HBFBX's -41.61%.
HBFBX currently has the higher Sharpe Ratio (2.37 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.
Find the right allocation for WWWEX and HBFBX
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