- ISIN
- US00766Y2990
- CUSIP
- 00766Y299
- Issuer
- Kopernik
- Inception Date
- Oct 31, 2013
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
KGGIX Performance Chart
Kopernik Global All-Cap Fund (KGGIX) is up 5.0% since the beginning of the year. KGGIX is currently trading at $16 per share. Investors who bought $1,000 worth of KGGIX shares 5 years ago would now be looking at an investment worth $1,690.
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Returns By Period
Kopernik Global All-Cap Fund (KGGIX) has returned 4.96% so far this year and 32.02% over the past 12 months. Over the last ten years, KGGIX has returned 12.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Kopernik Global All-Cap Fund
- 1D
- -1.63%
- 1M
- -4.18%
- YTD
- 4.96%
- 6M
- 4.99%
- 1Y
- 32.02%
- 3Y*
- 20.59%
- 5Y*
- 11.07%
- 10Y*
- 12.73%
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%
KGGIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 6, 2013, KGGIX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 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 Dec 2024 at -9.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, KGGIX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 18, 2020 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.02% | 6.03% | -7.13% | 4.14% | -0.98% | -5.18% | 4.96% | ||||||
| 2025 | 4.47% | 0.44% | 9.12% | 2.79% | 6.74% | 7.91% | -1.28% | 5.18% | 8.42% | 0.24% | 4.05% | 3.59% | 64.88% |
| 2024 | -2.92% | 0.88% | 2.72% | 1.37% | 1.18% | -2.75% | 4.53% | -0.82% | 3.71% | -0.56% | -1.76% | -9.79% | -4.91% |
| 2023 | 6.27% | -4.97% | 2.75% | 1.90% | -2.54% | 0.35% | 3.29% | -0.76% | 1.18% | 0.84% | 2.90% | 1.93% | 13.43% |
| 2022 | -1.65% | -3.28% | 4.82% | -3.59% | -2.01% | -8.90% | 3.34% | -1.21% | -8.18% | 2.67% | 12.15% | -1.80% | -9.05% |
| 2021 | -0.69% | 6.94% | 1.59% | 3.76% | 7.39% | -2.29% | -2.09% | -0.80% | 2.35% | 4.13% | -3.91% | 0.00% | 16.86% |
Benchmark Metrics
Kopernik Global All-Cap Fund has an annualized alpha of 4.89%, beta of 0.41, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since November 06, 2013.
- This fund participated in 68.31% of S&P 500 Index downside but only 65.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.41 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
- 4.89%
- Beta
- 0.41
- R²
- 0.21
- Upside Capture
- 65.55%
- Downside Capture
- 68.31%
Expense Ratio
KGGIX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
KGGIX ranks 49 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Kopernik Global All-Cap Fund (KGGIX) 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.
| KGGIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.78 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.36 | 12.44 | -4.08 |
Dividends
Dividend History
Kopernik Global All-Cap Fund provided a 15.68% dividend yield over the last twelve months, with an annual payout of $2.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.55 | $2.55 | $0.11 | $1.00 | $1.52 | $1.30 | $0.63 | $0.30 | $0.02 | $0.46 | $0.34 | $0.06 |
Dividend yield | 15.68% | 16.46% | 1.04% | 8.60% | 13.59% | 9.30% | 4.81% | 3.02% | 0.25% | 4.40% | 3.34% | 0.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Kopernik Global All-Cap Fund. 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 | $0.00 | $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 | $2.55 | $2.55 |
| 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 | $1.00 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.52 | $1.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $1.30 |
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. 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 was 45.11%, occurring on Jan 20, 2016. Recovery took 159 trading sessions.
The current Kopernik Global All-Cap Fund drawdown is 9.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2016 bear market2016 | -45.11%Jan 2016 | 1y 6mo | 7mo 20d | 2y 2moJul 2014 - Sep 2016 |
COVID crash2020 | -31.59%Mar 2020 | 2y 1mo | 2mo 5d | 2y 4moJan 2018 - May 2020 |
Bear market2022 | -26.43%Sep 2022 | 11mo 5d | 1y 7mo | 2y 6moOct 2021 - May 2024 |
2024 correction2024 | -13.76%Dec 2024 | 2mo 8d | 2mo 17d | 4mo 25dOct 2024 - Mar 2025 |
2017 correction2017 | -13.04%Jun 2017 | 4mo 6d | 2mo 19d | 6mo 25dFeb 2017 - Sep 2017 |
Drawdown Indicators
| KGGIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.11% | -56.78% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -9.10% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -13.76% | -18.90% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.43% | -25.43% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -33.92% | +2.33% |
Current DrawdownCurrent decline from peak | -9.20% | -1.80% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -9.50% | -10.71% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.03% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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