GKAT vs. FGD

Last updated Jun 23, 2026

GKAT (Scharf Global Opportunity ETF) and FGD (First Trust Dow Jones Global Select Dividend Index Fund) are both Global Equities funds. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.

Performance

GKAT vs. FGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf Global Opportunity ETF (GKAT) and First Trust Dow Jones Global Select Dividend Index Fund (FGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GKAT achieves a 6.44% return, which is significantly lower than FGD's 8.77% return.

GKAT

• 1D: -0.98%
• 1M: -1.05%
• YTD: 6.44%
• 6M: 7.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FGD

• 1D: -0.91%
• 1M: -3.22%
• YTD: 8.77%
• 6M: 8.41%
• 1Y: 27.05%
• 3Y*: 22.21%
• 5Y*: 10.63%
• 10Y*: 10.25%

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

GKAT vs. FGD - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	6.44%	5.93%
FGD First Trust Dow Jones Global Select Dividend Index Fund	8.77%	7.10%

Correlation

The correlation between GKAT and FGD is 0.65, 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	0.65

Return for Risk

GKAT vs. FGD — Risk / Return Rank

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

GKAT

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

FGD

FGD Risk / Return Rank: 64
FGD Sharpe Ratio Rank: 69
FGD Sortino Ratio Rank: 68
FGD Omega Ratio Rank: 69
FGD Calmar Ratio Rank: 59
FGD Martin Ratio Rank: 57

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.

GKAT vs. FGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) and First Trust Dow Jones Global Select Dividend Index Fund (FGD). 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.

	GKAT	FGD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.13	—
Sortino ratio: Return per unit of downside risk	—	2.93	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	2.77	—
Martin ratio: Return relative to average drawdown	—	9.57	—

Drawdowns

GKAT vs. FGD - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, smaller than the maximum FGD drawdown of -68.05%. Use the drawdown chart below to compare losses from any high point for GKAT and FGD.

Drawdown Indicators

	GKAT	FGD	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-68.05%	+57.64%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.68%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.84%	—
Current Drawdown Current decline from peak	-3.91%	-4.09%	+0.18%
Average Drawdown Average peak-to-trough decline	-2.10%	-12.54%	+10.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	GKAT	FGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	12.82%	-0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	14.93%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.48%	18.00%	-5.52%

GKAT vs. FGD - Expense Ratio Comparison

Both GKAT and FGD have an expense ratio of 0.59%.

Dividends

GKAT vs. FGD - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.46%, less than FGD's 5.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGD First Trust Dow Jones Global Select Dividend Index Fund	5.20%	5.62%	5.87%	6.44%	5.74%	5.35%	6.17%	5.19%	5.88%	4.01%	4.36%	5.07%
GKAT Scharf Global Opportunity ETF	0.46%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GKAT and FGD in my portfolio?

GKAT and FGD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GKAT or FGD?

Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GKAT or FGD?

GKAT and FGD have the same expense ratio: 0.59% per year.

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

FGD has the higher dividend yield at 5.20%, compared with 0.46% for GKAT.

What is the main difference between GKAT and FGD?

They also come from different issuers: Scharf Investments and First Trust.