WWWEX vs. NSOIX
WWWEX (Kinetics The Global Fund) and NSOIX (North Star Opportunity Fund) are both Diversified Portfolio funds. Over the past 10 years, WWWEX returned 15.10%/yr vs 9.51%/yr for NSOIX. A 0.55 correlation means they provide meaningful diversification when combined. WWWEX charges 1.39%/yr vs 1.30%/yr for NSOIX.
Performance
WWWEX vs. NSOIX - Performance Comparison
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Returns By Period
In the year-to-date period, WWWEX achieves a 0.50% return, which is significantly lower than NSOIX's 8.49% return. Over the past 10 years, WWWEX has outperformed NSOIX with an annualized return of 15.10%, while NSOIX has yielded a comparatively lower 9.51% annualized return.
WWWEX
- 1D
- -0.25%
- 1M
- -8.56%
- YTD
- 0.50%
- 6M
- -0.33%
- 1Y
- -3.07%
- 3Y*
- 27.97%
- 5Y*
- 12.78%
- 10Y*
- 15.10%
NSOIX
- 1D
- -0.46%
- 1M
- 0.17%
- YTD
- 8.49%
- 6M
- 7.66%
- 1Y
- 25.51%
- 3Y*
- 13.85%
- 5Y*
- 4.85%
- 10Y*
- 9.51%
WWWEX vs. NSOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WWWEX Kinetics The Global Fund | 0.50% | 2.89% | 72.15% | 11.83% | -6.45% | 16.29% | 25.00% | 21.61% | -23.57% | 48.93% |
NSOIX North Star Opportunity Fund | 8.49% | 12.60% | 10.84% | 13.65% | -23.08% | 20.83% | 17.57% | 26.61% | -10.18% | 11.91% |
Correlation
The correlation between WWWEX and NSOIX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | 0.55 |
The correlation between WWWEX and NSOIX has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
WWWEX vs. NSOIX — Risk / Return Rank
WWWEX
NSOIX
WWWEX vs. NSOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics The Global Fund (WWWEX) and North Star Opportunity Fund (NSOIX). 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 | NSOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.43 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.62 | -3.78 |
| Martin ratioReturn relative to average drawdown | -0.37 | 13.47 | -13.84 |
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Drawdowns
WWWEX vs. NSOIX - Drawdown Comparison
The maximum WWWEX drawdown since its inception was -82.60%, which is greater than NSOIX's maximum drawdown of -33.29%. Use the drawdown chart below to compare losses from any high point for WWWEX and NSOIX.
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Drawdown Indicators
| WWWEX | NSOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.60% | -33.29% | -49.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -7.38% | -5.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -18.24% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -27.89% | +1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.00% | -33.29% | -2.71% |
Current DrawdownCurrent decline from peak | -13.32% | -1.31% | -12.01% |
Average DrawdownAverage peak-to-trough decline | -41.24% | -6.49% | -34.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 1.98% | +3.79% |
Volatility
WWWEX vs. NSOIX - Volatility Comparison
Kinetics The Global Fund (WWWEX) has a higher volatility of 4.36% compared to North Star Opportunity Fund (NSOIX) at 3.61%. This indicates that WWWEX's price experiences larger fluctuations and is considered to be riskier than NSOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WWWEX | NSOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 3.61% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.54% | 8.03% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.13% | 10.81% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 14.60% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 15.58% | +3.64% |
WWWEX vs. NSOIX - Expense Ratio Comparison
WWWEX has a 1.39% expense ratio, which is higher than NSOIX's 1.30% expense ratio.
Dividends
WWWEX vs. NSOIX - Dividend Comparison
WWWEX's dividend yield for the trailing twelve months is around 2.57%, less than NSOIX's 5.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSOIX North Star Opportunity Fund | 5.73% | 6.13% | 4.08% | 2.66% | 4.68% | 2.38% | 0.52% | 1.36% | 6.81% | 1.62% | 1.03% | 2.53% |
WWWEX Kinetics The Global Fund | 2.57% | 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 NSOIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WWWEX has higher volatility (4.36%) compared to NSOIX (3.61%). In terms of maximum drawdown, WWWEX dropped -82.60% vs NSOIX's -33.29%.
NSOIX currently has the higher Sharpe Ratio (2.47 vs -0.13), 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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