ANJIX vs. KGIIX

Last updated Jun 4, 2026

ANJIX (Virtus NFJ International Value Fund) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, ANJIX returned 7.88%/yr vs 10.15%/yr for KGIIX. A 0.60 correlation means they provide meaningful diversification when combined. ANJIX charges 0.95%/yr vs 1.04%/yr for KGIIX.

Performance

ANJIX vs. KGIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus NFJ International Value Fund (ANJIX) and Kopernik International Fund (KGIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANJIX achieves a 15.09% return, which is significantly higher than KGIIX's 9.82% return. Over the past 10 years, ANJIX has underperformed KGIIX with an annualized return of 7.88%, while KGIIX has yielded a comparatively higher 10.15% annualized return.

ANJIX

• 1D: 1.43%
• 1M: 4.76%
• YTD: 15.09%
• 6M: 16.18%
• 1Y: 39.98%
• 3Y*: 17.80%
• 5Y*: 6.99%
• 10Y*: 7.88%

KGIIX

• 1D: 0.16%
• 1M: -0.47%
• YTD: 9.82%
• 6M: 12.86%
• 1Y: 37.40%
• 3Y*: 18.92%
• 5Y*: 8.81%
• 10Y*: 10.15%

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

ANJIX vs. KGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANJIX Virtus NFJ International Value Fund	15.09%	42.45%	-2.26%	10.67%	-19.04%	10.26%	9.72%	22.02%	-15.68%	23.16%
KGIIX Kopernik International Fund	9.82%	54.97%	-7.01%	13.86%	-14.05%	16.62%	18.94%	16.37%	-6.24%	10.50%

Correlation

The correlation between ANJIX and KGIIX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.60

The correlation between ANJIX and KGIIX has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.

Return for Risk

ANJIX vs. KGIIX — Risk / Return Rank

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

ANJIX

ANJIX Risk / Return Rank: 75
ANJIX Sharpe Ratio Rank: 71
ANJIX Sortino Ratio Rank: 62
ANJIX Omega Ratio Rank: 71
ANJIX Calmar Ratio Rank: 87
ANJIX Martin Ratio Rank: 82

KGIIX

KGIIX Risk / Return Rank: 81
KGIIX Sharpe Ratio Rank: 88
KGIIX Sortino Ratio Rank: 77
KGIIX Omega Ratio Rank: 80
KGIIX Calmar Ratio Rank: 87
KGIIX Martin Ratio Rank: 72

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.

ANJIX vs. KGIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus NFJ International Value Fund (ANJIX) and Kopernik International Fund (KGIIX). 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.

	ANJIX	KGIIX	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.91	-0.45
Sortino ratio Return per unit of downside risk	3.30	3.68	-0.38
Omega ratio Gain probability vs. loss probability	1.47	1.53	-0.05
Calmar ratio Return relative to maximum drawdown	4.24	4.30	-0.06
Martin ratio Return relative to average drawdown	15.51	13.73	+1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANJIX vs. KGIIX - Sharpe Ratio Comparison

The current ANJIX Sharpe Ratio is 2.46, which is comparable to the KGIIX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of ANJIX and KGIIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANJIX	KGIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.91	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.67	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.81	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.93	-0.51

Drawdowns

ANJIX vs. KGIIX - Drawdown Comparison

The maximum ANJIX drawdown since its inception was -62.46%, which is greater than KGIIX's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for ANJIX and KGIIX.

Drawdown Indicators

	ANJIX	KGIIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.46%	-27.81%	-34.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	-8.76%	-0.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-13.58%	-5.77%
Max Drawdown (5Y) Largest decline over 5 years	-35.79%	-27.81%	-7.98%
Max Drawdown (10Y) Largest decline over 10 years	-37.46%	-27.81%	-9.65%
Current Drawdown Current decline from peak	0.00%	-4.26%	+4.26%
Average Drawdown Average peak-to-trough decline	-13.87%	-6.11%	-7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.74%	-0.23%

Volatility

ANJIX vs. KGIIX - Volatility Comparison

Virtus NFJ International Value Fund (ANJIX) has a higher volatility of 5.50% compared to Kopernik International Fund (KGIIX) at 2.98%. This indicates that ANJIX's price experiences larger fluctuations and is considered to be riskier than KGIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANJIX	KGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.50%	2.98%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	10.23%	+2.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	12.97%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	13.21%	+4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	12.64%	+4.90%

ANJIX vs. KGIIX - Expense Ratio Comparison

ANJIX has a 0.95% expense ratio, which is lower than KGIIX's 1.04% expense ratio.

Dividends

ANJIX vs. KGIIX - Dividend Comparison

ANJIX's dividend yield for the trailing twelve months is around 5.03%, less than KGIIX's 12.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANJIX Virtus NFJ International Value Fund	5.03%	5.48%	2.71%	1.86%	2.29%	2.26%	2.36%	2.69%	2.44%	1.66%	3.03%	3.47%
KGIIX Kopernik International Fund	12.99%	14.26%	0.48%	12.56%	2.46%	5.77%	2.89%	2.50%	1.19%	1.35%	0.33%	0.00%

Frequently Asked Questions

Can I hold both ANJIX and KGIIX in my portfolio?

ANJIX and KGIIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ANJIX or KGIIX?

ANJIX has higher volatility (5.50%) compared to KGIIX (2.98%). In terms of maximum drawdown, ANJIX dropped -62.46% vs KGIIX's -27.81%.

Which has better risk-adjusted returns?

KGIIX currently has the higher Sharpe Ratio (2.91 vs 2.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.