AKAF vs. KLMT

Last updated Jun 5, 2026

AKAF (The Frontier Economic Fund) and KLMT (Invesco MSCI Global Climate 500 ETF) are both Global Equities funds - AKAF tracks the Alaska Last Frontier Index while KLMT tracks the MSCI ACWI Select Climate 500 Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. AKAF charges 0.20%/yr vs 0.10%/yr for KLMT.

Performance

AKAF vs. KLMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Frontier Economic Fund (AKAF) and Invesco MSCI Global Climate 500 ETF (KLMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AKAF achieves a 13.11% return, which is significantly higher than KLMT's 12.41% return.

AKAF

• 1D: 1.30%
• 1M: 3.08%
• YTD: 13.11%
• 6M: 14.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KLMT

• 1D: 0.33%
• 1M: 4.70%
• YTD: 12.41%
• 6M: 13.13%
• 1Y: 27.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AKAF vs. KLMT - Yearly Performance Comparison

	2026 (YTD)	2025
AKAF The Frontier Economic Fund	13.11%	16.79%
KLMT Invesco MSCI Global Climate 500 ETF	12.41%	11.08%

Correlation

The correlation between AKAF and KLMT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.75

Return for Risk

AKAF vs. KLMT — Risk / Return Rank

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

KLMT

KLMT Risk / Return Rank: 67
KLMT Sharpe Ratio Rank: 69
KLMT Sortino Ratio Rank: 69
KLMT Omega Ratio Rank: 68
KLMT Calmar Ratio Rank: 60
KLMT Martin Ratio Rank: 70

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.

AKAF vs. KLMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Frontier Economic Fund (AKAF) and Invesco MSCI Global Climate 500 ETF (KLMT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AKAF	KLMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	1.29	+1.07

Drawdowns

AKAF vs. KLMT - Drawdown Comparison

The maximum AKAF drawdown since its inception was -9.32%, smaller than the maximum KLMT drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for AKAF and KLMT.

Drawdown Indicators

	AKAF	KLMT	Difference
Max Drawdown Largest peak-to-trough decline	-9.32%	-16.87%	+7.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.54%	—
Current Drawdown Current decline from peak	-0.37%	-0.45%	+0.08%
Average Drawdown Average peak-to-trough decline	-1.62%	-1.91%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.19%	—

Volatility

Volatility by Period

	AKAF	KLMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.07%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.68%	12.61%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	15.83%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.68%	15.83%	-1.15%

AKAF vs. KLMT - Expense Ratio Comparison

AKAF has a 0.20% expense ratio, which is higher than KLMT's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AKAF vs. KLMT - Dividend Comparison

AKAF's dividend yield for the trailing twelve months is around 2.08%, more than KLMT's 1.74% yield.

Position	TTM	2025	2024
AKAF The Frontier Economic Fund	2.08%	2.25%	0.00%
KLMT Invesco MSCI Global Climate 500 ETF	1.74%	1.95%	0.85%

Frequently Asked Questions

Can I hold both AKAF and KLMT in my portfolio?

AKAF and KLMT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AKAF or KLMT?

On fees, KLMT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AKAF or KLMT?

KLMT is cheaper with a 0.10% expense ratio, compared with 0.20% for AKAF.

Which ETF pays a higher dividend yield, AKAF or KLMT?

AKAF has the higher dividend yield at 2.08%, compared with 1.74% for KLMT.

What is the main difference between AKAF and KLMT?

AKAF tracks Alaska Last Frontier Index, while KLMT tracks MSCI ACWI Select Climate 500 Index. They also come from different issuers: Prospr Aligned and Invesco. Their fees differ too: 0.20% for AKAF and 0.10% for KLMT.