- Issuer
- Scharf Investments
- Inception Date
- Aug 25, 2025
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $759M
Highlights
- Avg. Volume (1M)
- 12K
- Avg. Volume Value (1M)
- $654.17K
Share Price Chart
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Performance
KAT Performance Chart
Scharf ETF (KAT) is up 3.6% since the beginning of the year. KAT is currently trading at $57 per share.
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Returns By Period
Scharf ETF
- 1D
- 1.14%
- 1M
- 2.91%
- 6M
- 2.43%
- YTD
- 3.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
KAT Monthly Returns History
Based on dividend-adjusted daily data since Aug 25, 2025, KAT's average daily return is +0.02%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 75% of months were positive and 25% were negative. The best month was Jul 2026 with a return of +5.4%, while the worst month was Mar 2026 at -7.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, KAT closed higher 57% of trading days. The best single day was Jan 5, 2026 with a return of +1.7%, while the worst single day was Oct 29, 2025 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.17% | 4.21% | -7.57% | 3.61% | 0.53% | -3.08% | 5.35% | 3.63% | |||||
| 2025 | 0.06% | 3.12% | -3.47% | 0.60% | 0.64% | 0.85% |
Benchmark Metrics
Scharf ETF has an annualized alpha of -2.72%, beta of 0.48, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since August 25, 2025.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (20.40%) than losses (13.94%) - typical of diversified or defensive assets.
- Beta of 0.48 may look defensive, but with R2 of 0.35 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.35 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.72%
- Beta
- 0.48
- R²
- 0.35
- Upside Capture
- 20.40%
- Downside Capture
- 13.94%
Expense Ratio
KAT has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Scharf ETF (KAT) and compare them to S&P 500 Index.
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.
| KAT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.00 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
Dividends
Dividend History
Scharf ETF provided a 0.08% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM |
|---|---|
| Dividend | $0.05 |
Dividend yield | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Scharf ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.00 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Scharf ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Scharf ETF was 9.25%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current Scharf ETF drawdown is 1.89%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-9.25%Mar 2026 | 24d | — | 5mo 2dMar 2026 - now | — |
-7.55%Nov 2025 | 1mo 14d | 3mo 6d | 4mo 20dOct 2025 - Feb 2026 | — |
-1.54%Sep 2025 | 1d | 10d | 10dSep 2025 - Sep 2025 | — |
-1.08%Sep 2025 | 2d | 5d | 7dSep 2025 - Sep 2025 | — |
-0.84%Sep 2025 | 5d | 7d | 12dAug 2025 - Sep 2025 | — |
Drawdown Indicators
| KAT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.25% | -56.78% | +47.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.58% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -10.70% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.14% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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