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ISIN
US00766Y3154
CUSIP
00766Y315
Issuer
Kopernik
Inception Date
Nov 1, 2013
Min. Investment
$3,000
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Mid-Cap
Asset Class Style
Value

Share Price Chart


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Performance

KGGAX Performance Chart

Kopernik Global All-Cap Fund Class A (KGGAX) is up 4.8% since the beginning of the year. KGGAX is currently trading at $16 per share. Investors who bought $1,000 worth of KGGAX shares 5 years ago would now be looking at an investment worth $1,674.


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S&P 500 Index

Returns By Period

Kopernik Global All-Cap Fund Class A (KGGAX) has returned 4.80% so far this year and 31.61% over the past 12 months. Over the last ten years, KGGAX has returned 12.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Kopernik Global All-Cap Fund Class A

1D
-1.68%
1M
-4.21%
YTD
4.80%
6M
4.80%
1Y
31.61%
3Y*
20.40%
5Y*
10.86%
10Y*
12.48%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KGGAX Monthly Returns History

Based on dividend-adjusted daily data since Nov 6, 2013, KGGAX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.

Historically, 49% of months were positive and 51% were negative. The best month was Apr 2020 with a return of +22.8%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, KGGAX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, while the worst single day was Mar 18, 2020 at -5.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20268.95%6.04%-7.14%4.05%-0.97%-5.21%4.80%
20254.43%0.43%9.06%2.77%6.70%7.86%-1.27%5.22%8.31%0.30%3.97%3.60%64.46%
2024-2.90%0.88%2.61%1.36%1.26%-2.81%4.51%-0.90%3.78%-0.55%-1.83%-9.50%-4.79%
20236.23%-4.95%2.73%1.80%-2.61%0.43%3.19%-0.75%1.18%0.83%2.81%1.92%13.08%
2022-1.64%-3.34%4.88%-3.65%-2.00%-9.02%3.41%-1.29%-8.16%2.66%12.11%-1.82%-9.24%
2021-0.69%6.91%1.58%3.75%7.36%-2.35%-2.08%-0.80%2.28%4.12%-3.90%-0.03%16.59%

Benchmark Metrics

Kopernik Global All-Cap Fund Class A has an annualized alpha of 4.64%, beta of 0.42, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since November 06, 2013.

  • This fund participated in 68.89% of S&P 500 Index downside but only 65.01% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.42 may look defensive, but with R2 of 0.21 this fund 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 fund's risk.
  • R2 of 0.21 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
4.64%
Beta
0.42
0.21
Upside Capture
65.01%
Downside Capture
68.89%

Expense Ratio

KGGAX has a high expense ratio of 1.26%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

KGGAX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


KGGAX Risk / Return Rank: 4848
Overall Rank
KGGAX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
KGGAX Sortino Ratio Rank: 4242
Sortino Ratio Rank
KGGAX Omega Ratio Rank: 4747
Omega Ratio Rank
KGGAX Calmar Ratio Rank: 5959
Calmar Ratio Rank
KGGAX Martin Ratio Rank: 4040
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Kopernik Global All-Cap Fund Class A (KGGAX) 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.


KGGAXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.07

Sortino ratioReturn per unit of downside risk

-0.23

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.02

Calmar ratioReturn relative to maximum drawdown

2.83

2.78

+0.04

Martin ratioReturn relative to average drawdown

8.20

12.44

-4.24

Dividends

Dividend History

Kopernik Global All-Cap Fund Class A provided a 15.37% dividend yield over the last twelve months, with an annual payout of $2.52 per share.


0.00%5.00%10.00%15.00%$0.00$0.50$1.00$1.50$2.00$2.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
Dividend$2.52$2.52$0.11$0.97$1.48$1.26$0.60$0.27$0.00$0.44$0.31$0.03

Dividend yield

15.37%16.11%1.04%8.29%13.22%9.00%4.59%2.72%0.00%4.12%3.09%0.40%

Monthly Dividends

The table displays the monthly dividend distributions for Kopernik Global All-Cap Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.52$2.52
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11$0.11
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.97$0.97
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.48$1.48
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.26$1.26

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 Kopernik Global All-Cap Fund Class A. 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 Kopernik Global All-Cap Fund Class A was 45.27%, occurring on Jan 20, 2016. Recovery took 242 trading sessions.

The current Kopernik Global All-Cap Fund Class A drawdown is 9.30%.


Related event

Drawdown

Fall

Recovery

Underwater

2016 bear market2016
-45.27%Jan 2016
1y 6mo11mo 20d
2y 5moJul 2014 - Jan 2017
COVID crash2020
-31.90%Mar 2020
2y 1mo2mo 7d
2y 4moJan 2018 - May 2020
Bear market2022
-26.59%Sep 2022
11mo 5d1y 7mo
2y 6moOct 2021 - May 2024
2024 correction2024
-13.53%Dec 2024
2mo 8d2mo 17d
4mo 25dOct 2024 - Mar 2025
2017 correction2017
-13.09%Jun 2017
4mo 6d4mo 22d
8mo 28dFeb 2017 - Nov 2017

Drawdown Indicators


KGGAXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-45.27%

-56.78%

+11.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.63%

-9.10%

-1.53%

Max Drawdown (3Y)

Largest decline over 3 years

-13.53%

-18.90%

+5.37%

Max Drawdown (5Y)

Largest decline over 5 years

-26.59%

-25.43%

-1.16%

Max Drawdown (10Y)

Largest decline over 10 years

-31.90%

-33.92%

+2.02%

Current Drawdown

Current decline from peak

-9.30%

-1.80%

-7.50%

Average Drawdown

Average peak-to-trough decline

-9.66%

-10.71%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

2.03%

+1.63%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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