GKAT vs. FWD

Last updated Jun 24, 2026

GKAT (Scharf Global Opportunity ETF) and FWD (AB Disruptors ETF) are both Global Equities funds. A 0.55 correlation means they provide meaningful diversification when combined. GKAT charges 0.59%/yr vs 0.65%/yr for FWD.

Performance

GKAT vs. FWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Scharf Global Opportunity ETF (GKAT) and AB Disruptors ETF (FWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GKAT achieves a 5.08% return, which is significantly lower than FWD's 35.59% return.

GKAT

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

FWD

• 1D: -4.88%
• 1M: 3.45%
• YTD: 35.59%
• 6M: 33.13%
• 1Y: 66.65%
• 3Y*: 37.74%
• 5Y*: —
• 10Y*: —

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

GKAT vs. FWD - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	5.08%	5.93%
FWD AB Disruptors ETF	35.59%	13.10%

Correlation

The correlation between GKAT and FWD is 0.55, 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	0.55

Return for Risk

GKAT vs. FWD — 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.

FWD

FWD Risk / Return Rank: 81
FWD Sharpe Ratio Rank: 83
FWD Sortino Ratio Rank: 73
FWD Omega Ratio Rank: 74
FWD Calmar Ratio Rank: 89
FWD Martin Ratio Rank: 87

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. FWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) and AB Disruptors ETF (FWD). 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	FWD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.51	—
Sortino ratio: Return per unit of downside risk	—	3.02	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	5.14	—
Martin ratio: Return relative to average drawdown	—	17.45	—

Drawdowns

GKAT vs. FWD - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, smaller than the maximum FWD drawdown of -29.02%. Use the drawdown chart below to compare losses from any high point for GKAT and FWD.

Drawdown Indicators

	GKAT	FWD	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-29.02%	+18.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.02%	—
Current Drawdown Current decline from peak	-5.15%	-4.88%	-0.27%
Average Drawdown Average peak-to-trough decline	-2.11%	-4.06%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.83%	—

Volatility

Volatility by Period

	GKAT	FWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	26.73%	-14.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.54%	25.39%	-12.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.54%	25.39%	-12.85%

GKAT vs. FWD - Expense Ratio Comparison

GKAT has a 0.59% expense ratio, which is lower than FWD's 0.65% expense ratio.

Dividends

GKAT vs. FWD - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.46%, more than FWD's 0.08% yield.

Position	TTM	2025	2024
FWD AB Disruptors ETF	0.08%	0.11%	1.89%
GKAT Scharf Global Opportunity ETF	0.46%	0.24%	0.00%

Frequently Asked Questions

Can I hold both GKAT and FWD in my portfolio?

GKAT and FWD have a correlation of 0.55, 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 FWD?

On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GKAT or FWD?

GKAT is cheaper with a 0.59% expense ratio, compared with 0.65% for FWD.

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

GKAT has the higher dividend yield at 0.46%, compared with 0.08% for FWD.

What is the main difference between GKAT and FWD?

They also come from different issuers: Scharf Investments and AllianceBernstein. Their fees differ too: 0.59% for GKAT and 0.65% for FWD.