AVANX vs. KGGIX

Last updated Apr 5, 2026

Compare and contrast key facts about Avantis International Small Cap Value Fund Class G (AVANX) and Kopernik Global All-Cap Fund (KGGIX).

AVANX is an actively managed fund by Avantis. It was launched on Jan 20, 2021. KGGIX is managed by Kopernik. It was launched on Oct 31, 2013.

Performance

AVANX vs. KGGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value Fund Class G (AVANX) and Kopernik Global All-Cap Fund (KGGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with AVANX having a 7.46% return and KGGIX slightly higher at 7.73%.

AVANX

• 1D: -1.01%
• 1M: -2.93%
• YTD: 7.46%
• 6M: 14.47%
• 1Y: 64.03%
• 3Y*: 24.08%
• 5Y*: —
• 10Y*: —

KGGIX

• 1D: -0.48%
• 1M: -1.01%
• YTD: 7.73%
• 6M: 15.30%
• 1Y: 63.33%
• 3Y*: 22.54%
• 5Y*: 13.20%
• 10Y*: 14.94%

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

AVANX vs. KGGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AVANX Avantis International Small Cap Value Fund Class G	7.46%	48.78%	8.80%	17.17%	-7.66%
KGGIX Kopernik Global All-Cap Fund	7.73%	64.88%	-4.91%	13.43%	-7.52%

Correlation

The correlation between AVANX and KGGIX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

AVANX vs. KGGIX - Expense Ratio Comparison

KGGIX

Kopernik Global All-Cap Fund

Return for Risk

AVANX vs. KGGIX — Risk / Return Rank

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

AVANX

AVANX Risk / Return Rank: 96
AVANX Sharpe Ratio Rank: 98
AVANX Sortino Ratio Rank: 96
AVANX Omega Ratio Rank: 95
AVANX Calmar Ratio Rank: 96
AVANX Martin Ratio Rank: 96

KGGIX

KGGIX Risk / Return Rank: 98
KGGIX Sharpe Ratio Rank: 99
KGGIX Sortino Ratio Rank: 98
KGGIX Omega Ratio Rank: 97
KGGIX Calmar Ratio Rank: 98
KGGIX Martin Ratio Rank: 98

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.

AVANX vs. KGGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund Class G (AVANX) and Kopernik Global All-Cap Fund (KGGIX). 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.

	AVANX	KGGIX	Difference
Sharpe ratio Return per unit of total volatility	2.84	3.75	-0.90
Sortino ratio Return per unit of downside risk	3.43	4.39	-0.96
Omega ratio Gain probability vs. loss probability	1.55	1.67	-0.12
Calmar ratio Return relative to maximum drawdown	3.80	5.21	-1.41
Martin ratio Return relative to average drawdown	15.25	19.02	-3.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVANX vs. KGGIX - Sharpe Ratio Comparison

The current AVANX Sharpe Ratio is 2.84, which is comparable to the KGGIX Sharpe Ratio of 3.75. The chart below compares the historical Sharpe Ratios of AVANX and KGGIX, 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

	AVANX	KGGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	3.75	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.62	+0.34

Drawdowns

AVANX vs. KGGIX - Drawdown Comparison

The maximum AVANX drawdown since its inception was -25.35%, smaller than the maximum KGGIX drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for AVANX and KGGIX.

Drawdown Indicators

	AVANX	KGGIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.35%	-45.11%	+19.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-10.65%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.59%	—
Current Drawdown Current decline from peak	-8.44%	-6.80%	-1.64%
Average Drawdown Average peak-to-trough decline	-4.90%	-9.59%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.92%	+0.29%

Volatility

AVANX vs. KGGIX - Volatility Comparison

Avantis International Small Cap Value Fund Class G (AVANX) has a higher volatility of 7.21% compared to Kopernik Global All-Cap Fund (KGGIX) at 5.10%. This indicates that AVANX's price experiences larger fluctuations and is considered to be riskier than KGGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVANX	KGGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	5.10%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	12.54%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	15.41%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	15.16%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	15.10%	+2.00%

Dividends

AVANX vs. KGGIX - Dividend Comparison

AVANX's dividend yield for the trailing twelve months is around 10.11%, less than KGGIX's 15.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVANX Avantis International Small Cap Value Fund Class G	10.11%	10.86%	4.74%	3.87%	3.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KGGIX Kopernik Global All-Cap Fund	15.28%	16.46%	1.04%	8.60%	13.59%	9.30%	4.81%	3.02%	0.25%	4.40%	3.34%	0.81%