AVGV vs. GKAT

Last updated Jun 24, 2026

AVGV (Avantis All Equity Markets Value ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.71 correlation means they provide meaningful diversification when combined. AVGV charges 0.26%/yr vs 0.59%/yr for GKAT.

Performance

AVGV vs. GKAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis All Equity Markets Value ETF (AVGV) and Scharf Global Opportunity ETF (GKAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGV achieves a 16.61% return, which is significantly higher than GKAT's 5.08% return.

AVGV

• 1D: -1.36%
• 1M: 0.85%
• YTD: 16.61%
• 6M: 15.61%
• 1Y: 35.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GKAT

• 1D: -1.28%
• 1M: -2.32%
• YTD: 5.08%
• 6M: 5.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVGV vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
AVGV Avantis All Equity Markets Value ETF	16.61%	6.45%
GKAT Scharf Global Opportunity ETF	5.08%	5.93%

Correlation

The correlation between AVGV and GKAT 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 Aug 25, 2025	0.71

Return for Risk

AVGV vs. GKAT — Risk / Return Rank

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

AVGV

AVGV Risk / Return Rank: 84
AVGV Sharpe Ratio Rank: 85
AVGV Sortino Ratio Rank: 85
AVGV Omega Ratio Rank: 82
AVGV Calmar Ratio Rank: 84
AVGV Martin Ratio Rank: 85

GKAT

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

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.

AVGV vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis All Equity Markets Value ETF (AVGV) and Scharf Global Opportunity ETF (GKAT). 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.

	AVGV	GKAT	Difference
Sharpe ratio: Return per unit of total volatility	2.64	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	4.36	—	—
Martin ratio: Return relative to average drawdown	16.95	—	—

Drawdowns

AVGV vs. GKAT - Drawdown Comparison

The maximum AVGV drawdown since its inception was -17.03%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for AVGV and GKAT.

Drawdown Indicators

	AVGV	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-17.03%	-10.41%	-6.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	—	—
Current Drawdown Current decline from peak	-1.88%	-5.15%	+3.27%
Average Drawdown Average peak-to-trough decline	-2.27%	-2.11%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	AVGV	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.41%	12.54%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	12.54%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	12.54%	+2.49%

AVGV vs. GKAT - Expense Ratio Comparison

AVGV has a 0.26% expense ratio, which is lower than GKAT's 0.59% expense ratio.

Dividends

AVGV vs. GKAT - Dividend Comparison

AVGV's dividend yield for the trailing twelve months is around 2.49%, more than GKAT's 0.46% yield.

Position	TTM	2025	2024	2023
AVGV Avantis All Equity Markets Value ETF	2.49%	1.98%	2.32%	1.14%
GKAT Scharf Global Opportunity ETF	0.46%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVGV and GKAT in my portfolio?

AVGV and GKAT 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.

Which ETF is better, AVGV or GKAT?

On fees, AVGV is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGV or GKAT?

AVGV is cheaper with a 0.26% expense ratio, compared with 0.59% for GKAT.

Which ETF pays a higher dividend yield, AVGV or GKAT?

AVGV has the higher dividend yield at 2.49%, compared with 0.46% for GKAT.

What is the main difference between AVGV and GKAT?

They also come from different issuers: Avantis and Scharf Investments. Their fees differ too: 0.26% for AVGV and 0.59% for GKAT.