BISMX vs. KGGIX
BISMX (Brandes International Small Cap Equity Fund Class I) and KGGIX (Kopernik Global All-Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, BISMX returned 11.76%/yr vs 11.52%/yr for KGGIX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BISMX charges 1.11%/yr vs 1.01%/yr for KGGIX.
Performance
BISMX vs. KGGIX - Performance Comparison
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Returns By Period
In the year-to-date period, BISMX achieves a 7.89% return, which is significantly higher than KGGIX's 4.45% return. Both investments have delivered pretty close results over the past 10 years, with BISMX having a 11.76% annualized return and KGGIX not far behind at 11.52%.
BISMX
- 1D
- 0.69%
- 1M
- 7.53%
- 6M
- 2.61%
- YTD
- 7.89%
- 1Y
- 13.57%
- 3Y*
- 28.49%
- 5Y*
- 19.20%
- 10Y*
- 11.76%
- ALL TIME*
- 11.46%
KGGIX
- 1D
- 0.12%
- 1M
- 2.59%
- 6M
- -4.98%
- YTD
- 4.45%
- 1Y
- 27.47%
- 3Y*
- 20.83%
- 5Y*
- 11.50%
- 10Y*
- 11.52%
- ALL TIME*
- 9.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BISMX vs. KGGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 7.89% | 45.81% | 23.44% | 39.27% | -8.48% | 18.58% | 4.85% | 7.16% | -20.04% | 11.79% |
KGGIX Kopernik Global All-Cap Fund | 4.45% | 64.88% | -4.91% | 13.43% | -9.05% | 16.86% | 37.23% | 10.00% | -11.07% | 8.98% |
Correlation
The correlation between BISMX and KGGIX 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. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.60 |
The correlation between BISMX and KGGIX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
BISMX vs. KGGIX — Risk / Return Rank
BISMX
KGGIX
BISMX vs. KGGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes International Small Cap Equity Fund Class I (BISMX) 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.
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.
| BISMX | KGGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 2.18 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.84 | 5.30 | -2.46 |
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Drawdowns
BISMX vs. KGGIX - Drawdown Comparison
The maximum BISMX drawdown since its inception was -47.07%, roughly equal to the maximum KGGIX drawdown of -45.11%. Use the drawdown chart below to compare losses from any high point for BISMX and KGGIX.
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Drawdown Indicators
| BISMX | KGGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -45.11% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.61% | -13.27% | +1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -11.61% | -13.76% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.26% | -26.43% | -4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -47.07% | -31.59% | -15.48% |
Current DrawdownCurrent decline from peak | -1.01% | -9.64% | +8.63% |
Average DrawdownAverage peak-to-trough decline | -7.92% | -9.52% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 5.44% | -0.44% |
Volatility
BISMX vs. KGGIX - Volatility Comparison
Brandes International Small Cap Equity Fund Class I (BISMX) and Kopernik Global All-Cap Fund (KGGIX) have volatilities of 3.13% and 3.29%, 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.
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Volatility by Period
| BISMX | KGGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.29% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 12.02% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.92% | 15.61% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 15.30% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.11% | 14.96% | -0.85% |
BISMX vs. KGGIX - Expense Ratio Comparison
BISMX has a 1.11% expense ratio, which is higher than KGGIX's 1.01% expense ratio.
Dividends
BISMX vs. KGGIX - Dividend Comparison
BISMX's dividend yield for the trailing twelve months is around 3.52%, less than KGGIX's 15.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BISMX Brandes International Small Cap Equity Fund Class I | 3.52% | 3.34% | 3.22% | 2.93% | 4.16% | 3.45% | 0.92% | 0.82% | 4.10% | 8.51% | 4.16% | 3.65% |
KGGIX Kopernik Global All-Cap Fund | 15.76% | 16.46% | 1.04% | 8.60% | 13.59% | 9.30% | 4.81% | 3.02% | 0.25% | 4.40% | 3.34% | 0.81% |
Frequently Asked Questions
BISMX and KGGIX 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.
KGGIX has higher volatility (3.29%) compared to BISMX (3.13%). In terms of maximum drawdown, BISMX dropped -47.07% vs KGGIX's -45.11%.
KGGIX currently has the higher Sharpe Ratio (1.85 vs 1.11), 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.
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