BINCX vs. KGGAX

Last updated Aug 1, 2026

BINCX (Brandes International Small Cap Equity Fund Class C) and KGGAX (Kopernik Global All-Cap Fund Class A) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, BINCX returned 10.87%/yr vs 11.52%/yr for KGGAX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BINCX charges 1.99%/yr vs 1.26%/yr for KGGAX.

Performance

BINCX vs. KGGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International Small Cap Equity Fund Class C (BINCX) and Kopernik Global All-Cap Fund Class A (KGGAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINCX achieves a 7.56% return, which is significantly higher than KGGAX's 5.12% return. Over the past 10 years, BINCX has underperformed KGGAX with an annualized return of 10.87%, while KGGAX has yielded a comparatively higher 11.52% annualized return.

BINCX

• 1D: 1.47%
• 1M: 7.58%
• 6M: 3.07%
• YTD: 7.56%
• 1Y: 13.42%
• 3Y*: 27.56%
• 5Y*: 18.21%
• 10Y*: 10.87%
• ALL TIME*: 9.18%

KGGAX

• 1D: 1.42%
• 1M: 3.40%
• 6M: -3.52%
• YTD: 5.12%
• 1Y: 29.50%
• 3Y*: 20.42%
• 5Y*: 11.38%
• 10Y*: 11.52%
• ALL TIME*: 9.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BINCX Brandes International Small Cap Equity Fund Class C	$0.00	$0.00	$0.00
KGGAX Kopernik Global All-Cap Fund Class A	$0.00	$0.00	$0.00

BINCX vs. KGGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BINCX Brandes International Small Cap Equity Fund Class C	7.56%	44.63%	22.20%	37.99%	-9.36%	18.22%	3.79%	6.06%	-20.76%	10.71%
KGGAX Kopernik Global All-Cap Fund Class A	5.12%	64.46%	-4.79%	13.08%	-9.24%	16.59%	36.89%	9.76%	-11.34%	8.77%

Correlation

The correlation between BINCX and KGGAX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.62
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.60

The correlation between BINCX and KGGAX has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.

Return for Risk

BINCX vs. KGGAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BINCX

BINCX Risk / Return Rank: 27
BINCX Sharpe Ratio Rank: 31
BINCX Sortino Ratio Rank: 33
BINCX Omega Ratio Rank: 30
BINCX Calmar Ratio Rank: 24
BINCX Martin Ratio Rank: 18

KGGAX

KGGAX Risk / Return Rank: 65
KGGAX Sharpe Ratio Rank: 78
KGGAX Sortino Ratio Rank: 71
KGGAX Omega Ratio Rank: 75
KGGAX Calmar Ratio Rank: 66
KGGAX Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BINCX vs. KGGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class C (BINCX) and Kopernik Global All-Cap Fund Class A (KGGAX). 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.

	BINCX	KGGAX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.83	-0.79
Sortino ratio: Return per unit of downside risk	1.60	2.37	-0.77
Omega ratio: Gain probability vs. loss probability	1.19	1.32	-0.14
Calmar ratio: Return relative to maximum drawdown	1.14	2.13	-0.99
Martin ratio: Return relative to average drawdown	2.60	5.24	-2.65

BINCX vs. KGGAX - Sharpe Ratio Comparison

The current BINCX Sharpe Ratio is 1.03, which is lower than the KGGAX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of BINCX and KGGAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BINCX vs. KGGAX - Drawdown Comparison

The maximum BINCX drawdown since its inception was -48.15%, which is greater than KGGAX's maximum drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for BINCX and KGGAX.

Drawdown Indicators

	BINCX	KGGAX	Difference
Max Drawdown Largest peak-to-trough decline	-48.15%	-45.27%	-2.88%
Max Drawdown (1Y) Largest decline over 1 year	-11.66%	-13.34%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-13.53%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-26.59%	-5.38%
Max Drawdown (10Y) Largest decline over 10 years	-48.15%	-31.90%	-16.25%
Current Drawdown Current decline from peak	-1.24%	-9.02%	+7.78%
Average Drawdown Average peak-to-trough decline	-9.38%	-9.68%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	5.41%	-0.31%

Volatility

BINCX vs. KGGAX - Volatility Comparison

Brandes International Small Cap Equity Fund Class C (BINCX) and Kopernik Global All-Cap Fund Class A (KGGAX) have volatilities of 3.42% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BINCX	KGGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.44%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	12.66%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.88%	15.58%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	15.22%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.10%	14.94%	-0.84%

BINCX vs. KGGAX - Expense Ratio Comparison

BINCX has a 1.99% expense ratio, which is higher than KGGAX's 1.26% expense ratio.

Dividends

BINCX vs. KGGAX - Dividend Comparison

BINCX's dividend yield for the trailing twelve months is around 3.19%, less than KGGAX's 15.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BINCX Brandes International Small Cap Equity Fund Class C	3.19%	3.01%	2.54%	2.45%	2.98%	3.85%	0.60%	0.21%	3.77%	7.83%	3.75%	3.04%
KGGAX Kopernik Global All-Cap Fund Class A	15.33%	16.11%	1.04%	8.29%	13.22%	9.00%	4.59%	2.72%	0.00%	4.12%	3.09%	0.40%

Frequently Asked Questions

Can I hold both BINCX and KGGAX in my portfolio?

BINCX and KGGAX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINCX or KGGAX?

KGGAX has higher volatility (3.44%) compared to BINCX (3.42%). In terms of maximum drawdown, BINCX dropped -48.15% vs KGGAX's -45.27%.

Which has better risk-adjusted returns?

KGGAX currently has the higher Sharpe Ratio (1.83 vs 1.03), 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.