WWWFX vs. WWNPX

Last updated Apr 1, 2026

Compare and contrast key facts about Kinetics Internet No Load (WWWFX) and Kinetics Paradigm Fund (WWNPX).

WWWFX is an actively managed fund by Kinetics. It was launched on Oct 21, 1996. WWNPX is managed by Kinetics. It was launched on Dec 31, 1999.

Performance

WWWFX vs. WWNPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kinetics Internet No Load (WWWFX) and Kinetics Paradigm Fund (WWNPX). The values are adjusted to include any dividend payments, if applicable.

WWWFX vs. WWNPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WWWFX Kinetics Internet No Load	-2.94%	-9.04%	76.42%	29.74%	-24.28%	15.35%	56.42%	26.44%	-26.97%	56.61%
WWNPX Kinetics Paradigm Fund	36.66%	-14.61%	88.34%	-16.97%	29.18%	38.14%	3.38%	30.47%	-5.24%	28.41%

Returns By Period

In the year-to-date period, WWWFX achieves a -2.94% return, which is significantly lower than WWNPX's 36.66% return. Over the past 10 years, WWWFX has underperformed WWNPX with an annualized return of 15.40%, while WWNPX has yielded a comparatively higher 20.54% annualized return.

WWWFX

• 1D: -2.83%
• 1M: -4.75%
• YTD: -2.94%
• 6M: -19.23%
• 1Y: -8.43%
• 3Y*: 25.27%
• 5Y*: 5.77%
• 10Y*: 15.40%

WWNPX

• 1D: -6.34%
• 1M: -9.27%
• YTD: 36.66%
• 6M: 24.06%
• 1Y: 3.73%
• 3Y*: 30.25%
• 5Y*: 16.10%
• 10Y*: 20.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WWWFX vs. WWNPX - Expense Ratio Comparison

WWWFX has a 1.71% expense ratio, which is higher than WWNPX's 1.64% expense ratio.

WWWFX

Kinetics Internet No Load

WWNPX

Kinetics Paradigm Fund

Return for Risk

WWWFX vs. WWNPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WWWFX

WWWFX Risk / Return Rank: 3
WWWFX Sharpe Ratio Rank: 2
WWWFX Sortino Ratio Rank: 3
WWWFX Omega Ratio Rank: 3
WWWFX Calmar Ratio Rank: 3
WWWFX Martin Ratio Rank: 3

WWNPX

WWNPX Risk / Return Rank: 9
WWNPX Sharpe Ratio Rank: 8
WWNPX Sortino Ratio Rank: 11
WWNPX Omega Ratio Rank: 10
WWNPX Calmar Ratio Rank: 8
WWNPX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WWWFX vs. WWNPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kinetics Internet No Load (WWWFX) and Kinetics Paradigm Fund (WWNPX). 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.

	WWWFX	WWNPX	Difference
Sharpe ratio Return per unit of total volatility	-0.29	0.13	-0.42
Sortino ratio Return per unit of downside risk	-0.21	0.45	-0.66
Omega ratio Gain probability vs. loss probability	0.98	1.06	-0.08
Calmar ratio Return relative to maximum drawdown	-0.35	0.07	-0.43
Martin ratio Return relative to average drawdown	-0.85	0.12	-0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WWWFX vs. WWNPX - Sharpe Ratio Comparison

The current WWWFX Sharpe Ratio is -0.29, which is lower than the WWNPX Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of WWWFX and WWNPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WWWFX	WWNPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.29	0.13	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.50	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.73	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.55	-0.01

Correlation

The correlation between WWWFX and WWNPX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WWWFX vs. WWNPX - Dividend Comparison

WWWFX's dividend yield for the trailing twelve months is around 1.86%, less than WWNPX's 6.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WWWFX Kinetics Internet No Load	1.86%	1.81%	0.94%	0.75%	0.84%	0.85%	0.00%	1.45%	39.59%	18.48%	8.72%	27.23%
WWNPX Kinetics Paradigm Fund	6.01%	8.21%	2.95%	5.65%	2.00%	1.67%	2.15%	1.00%	10.44%	0.00%	0.00%	0.00%

Drawdowns

WWWFX vs. WWNPX - Drawdown Comparison

The maximum WWWFX drawdown since its inception was -75.71%, which is greater than WWNPX's maximum drawdown of -67.87%. Use the drawdown chart below to compare losses from any high point for WWWFX and WWNPX.

Drawdown Indicators

	WWWFX	WWNPX	Difference
Max Drawdown Largest peak-to-trough decline	-75.71%	-67.87%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-31.95%	-32.61%	+0.66%
Max Drawdown (5Y) Largest decline over 5 years	-42.32%	-41.13%	-1.19%
Max Drawdown (10Y) Largest decline over 10 years	-42.32%	-43.51%	+1.19%
Current Drawdown Current decline from peak	-24.72%	-17.17%	-7.55%
Average Drawdown Average peak-to-trough decline	-31.39%	-13.85%	-17.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.32%	20.15%	-6.83%

Volatility

WWWFX vs. WWNPX - Volatility Comparison

The current volatility for Kinetics Internet No Load (WWWFX) is 8.71%, while Kinetics Paradigm Fund (WWNPX) has a volatility of 9.21%. This indicates that WWWFX experiences smaller price fluctuations and is considered to be less risky than WWNPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WWWFX	WWNPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.71%	9.21%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	24.11%	24.60%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	30.68%	36.52%	-5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.28%	32.56%	-4.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.57%	28.17%	-1.60%