Correlation
The correlation between WWWEX and SPY is 0.57, 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.
WWWEX vs. SPY
Compare and contrast key facts about Kinetics The Global Fund (WWWEX) and SPDR S&P 500 ETF (SPY).
WWWEX is managed by Kinetics. It was launched on Dec 30, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WWWEX or SPY.
Performance
WWWEX vs. SPY - Performance Comparison
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Key characteristics
WWWEX:
2.05
SPY:
0.57
WWWEX:
2.62
SPY:
0.87
WWWEX:
1.34
SPY:
1.13
WWWEX:
2.55
SPY:
0.55
WWWEX:
6.90
SPY:
2.11
WWWEX:
6.52%
SPY:
4.91%
WWWEX:
23.67%
SPY:
20.35%
WWWEX:
-82.50%
SPY:
-55.19%
WWWEX:
-4.26%
SPY:
-5.23%
Returns By Period
In the year-to-date period, WWWEX achieves a 9.81% return, which is significantly higher than SPY's -0.89% return. Over the past 10 years, WWWEX has outperformed SPY with an annualized return of 14.02%, while SPY has yielded a comparatively lower 12.57% annualized return.
WWWEX
9.81%
3.72%
-4.26%
45.73%
29.73%
24.15%
14.02%
SPY
-0.89%
5.17%
-2.13%
10.77%
15.38%
16.09%
12.57%
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WWWEX vs. SPY - Expense Ratio Comparison
WWWEX has a 1.39% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
WWWEX vs. SPY — Risk-Adjusted Performance Rank
WWWEX
SPY
WWWEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinetics The Global Fund (WWWEX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
WWWEX vs. SPY - Dividend Comparison
WWWEX's dividend yield for the trailing twelve months is around 0.89%, less than SPY's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WWWEX Kinetics The Global Fund | 0.89% | 0.98% | 2.50% | 1.47% | 3.50% | 0.00% | 0.00% | 0.08% | 9.04% | 0.40% | 0.06% | 0.01% |
SPY SPDR S&P 500 ETF | 1.24% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
WWWEX vs. SPY - Drawdown Comparison
The maximum WWWEX drawdown since its inception was -82.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for WWWEX and SPY.
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Volatility
WWWEX vs. SPY - Volatility Comparison
The current volatility for Kinetics The Global Fund (WWWEX) is 3.08%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.45%. This indicates that WWWEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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