BCGD vs. KLMT
BCGD (Baron Global Durable Advantage ETF) and KLMT (Invesco MSCI Global Climate 500 ETF) are both Global Equities funds. BCGD is actively managed, while KLMT is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. BCGD charges 0.75%/yr vs 0.10%/yr for KLMT.
Performance
BCGD vs. KLMT - Performance Comparison
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Returns By Period
In the year-to-date period, BCGD achieves a 2.41% return, which is significantly lower than KLMT's 12.04% return.
BCGD
- 1D
- -1.09%
- 1M
- 0.82%
- YTD
- 2.41%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KLMT
- 1D
- -0.78%
- 1M
- 5.23%
- YTD
- 12.04%
- 6M
- 12.88%
- 1Y
- 27.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BCGD vs. KLMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BCGD Baron Global Durable Advantage ETF | 2.41% | 0.92% |
KLMT Invesco MSCI Global Climate 500 ETF | 12.04% | 0.84% |
Correlation
The correlation between BCGD and KLMT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.91 |
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Return for Risk
BCGD vs. KLMT — Risk / Return Rank
BCGD
KLMT
BCGD vs. KLMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Global Durable Advantage ETF (BCGD) 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.
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Sharpe Ratios by Period
| BCGD | 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 | 0.42 | 1.28 | -0.86 |
Drawdowns
BCGD vs. KLMT - Drawdown Comparison
The maximum BCGD drawdown since its inception was -13.79%, smaller than the maximum KLMT drawdown of -16.87%. Use the drawdown chart below to compare losses from any high point for BCGD and KLMT.
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Drawdown Indicators
| BCGD | KLMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.79% | -16.87% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.54% | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.78% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -1.91% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.19% | — |
Volatility
BCGD vs. KLMT - Volatility Comparison
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Volatility by Period
| BCGD | KLMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 12.61% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 15.85% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.87% | 15.85% | +2.02% |
BCGD vs. KLMT - Expense Ratio Comparison
BCGD has a 0.75% expense ratio, which is higher than KLMT's 0.10% expense ratio.
Dividends
BCGD vs. KLMT - Dividend Comparison
BCGD has not paid dividends to shareholders, while KLMT's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BCGD Baron Global Durable Advantage ETF | 0.00% | 0.00% | 0.00% |
KLMT Invesco MSCI Global Climate 500 ETF | 1.75% | 1.95% | 0.85% |
Frequently Asked Questions
With a correlation of 0.91, BCGD and KLMT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
KLMT is cheaper with a 0.10% expense ratio, compared with 0.75% for BCGD.
KLMT has the higher dividend yield at 1.75%, compared with 0.00% for BCGD.
They also come from different issuers: Baron Capital and Invesco. Their fees differ too: 0.75% for BCGD and 0.10% for KLMT.
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