AKAF vs. PID
AKAF (The Frontier Economic Fund) and PID (Invesco International Dividend Achievers™ ETF) are both Global Equities funds - AKAF tracks the Alaska Last Frontier Index while PID tracks the Nasdaq International Dividend Achievers (NR). Both are passively managed. Over the past year, AKAF returned 27.47% vs 14.46% for PID. A 0.71 correlation means they provide meaningful diversification when combined. AKAF charges 0.20%/yr vs 0.56%/yr for PID.
Performance
AKAF vs. PID - Performance Comparison
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Returns By Period
In the year-to-date period, AKAF achieves a 8.79% return, which is significantly higher than PID's 3.17% return.
AKAF
- 1D
- 0.26%
- 1M
- -2.75%
- YTD
- 8.79%
- 6M
- 6.98%
- 1Y
- 27.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PID
- 1D
- 0.27%
- 1M
- -3.09%
- YTD
- 3.17%
- 6M
- 2.70%
- 1Y
- 14.46%
- 3Y*
- 11.88%
- 5Y*
- 8.27%
- 10Y*
- 9.31%
AKAF vs. PID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AKAF The Frontier Economic Fund | 8.79% | 17.17% |
PID Invesco International Dividend Achievers™ ETF | 3.17% | 10.94% |
Correlation
The correlation between AKAF and PID is 0.71, 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 26, 2025 | 0.71 |
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Return for Risk
AKAF vs. PID — Risk / Return Rank
AKAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PID
AKAF vs. PID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Frontier Economic Fund (AKAF) and Invesco International Dividend Achievers™ ETF (PID). 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.
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.
| AKAF | PID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.94 | — |
| Martin ratioReturn relative to average drawdown | — | 6.30 | — |
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Drawdowns
AKAF vs. PID - Drawdown Comparison
The maximum AKAF drawdown since its inception was -9.32%, smaller than the maximum PID drawdown of -66.34%. Use the drawdown chart below to compare losses from any high point for AKAF and PID.
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Drawdown Indicators
| AKAF | PID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.32% | -66.34% | +57.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -7.47% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.07% | — |
Current DrawdownCurrent decline from peak | -4.18% | -4.31% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -13.01% | +11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.30% | — |
Volatility
AKAF vs. PID - Volatility Comparison
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Volatility by Period
| AKAF | PID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 9.82% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 13.96% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 17.66% | -2.65% |
AKAF vs. PID - Expense Ratio Comparison
AKAF has a 0.20% expense ratio, which is lower than PID's 0.56% expense ratio.
Dividends
AKAF vs. PID - Dividend Comparison
AKAF's dividend yield for the trailing twelve months is around 3.03%, less than PID's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AKAF The Frontier Economic Fund | 3.03% | 2.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PID Invesco International Dividend Achievers™ ETF | 3.61% | 3.28% | 3.88% | 3.31% | 3.30% | 3.30% | 3.16% | 3.99% | 3.87% | 3.46% | 3.90% | 4.48% |
Frequently Asked Questions
AKAF and PID have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, AKAF leads with 27.47% vs 14.46% for PID. On fees, AKAF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AKAF has performed better with a 27.47% return vs 14.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AKAF is cheaper with a 0.20% expense ratio, compared with 0.56% for PID.
PID has the higher dividend yield at 3.61%, compared with 3.03% for AKAF.
AKAF tracks Alaska Last Frontier Index, while PID tracks Nasdaq International Dividend Achievers (NR). They also come from different issuers: Prospr Aligned and Invesco. Their fees differ too: 0.20% for AKAF and 0.56% for PID.
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