GKAT vs. KAT

Last updated Jun 3, 2026

GKAT (Scharf Global Opportunity ETF) and KAT (Scharf ETF) are both exchange-traded funds - GKAT is a Global Equities fund managed by Scharf Investments, while KAT is a Large Cap Blend Equities fund actively managed by Scharf Investments. Their correlation of 0.89 suggests significant overlap in exposure. GKAT charges 0.59%/yr vs 0.75%/yr for KAT.

Performance

GKAT vs. KAT - Performance Comparison

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

Returns By Period

In the year-to-date period, GKAT achieves a 10.47% return, which is significantly higher than KAT's 1.12% return.

GKAT

• 1D: -0.28%
• 1M: 4.93%
• YTD: 10.47%
• 6M: 13.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KAT

• 1D: -0.76%
• 1M: 0.52%
• YTD: 1.12%
• 6M: 2.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GKAT vs. KAT - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	10.47%	6.04%
KAT Scharf ETF	1.12%	0.98%

Correlation

The correlation between GKAT and KAT is 0.89, 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 Aug 26, 2025	0.89

Return for Risk

GKAT vs. KAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) and Scharf ETF (KAT). 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.

Sharpe Ratios by Period

	GKAT	KAT	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	0.26	+1.66

Drawdowns

GKAT vs. KAT - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, which is greater than KAT's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for GKAT and KAT.

Drawdown Indicators

	GKAT	KAT	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-9.25%	-1.16%
Current Drawdown Current decline from peak	-0.28%	-4.27%	+3.99%
Average Drawdown Average peak-to-trough decline	-2.08%	-3.19%	+1.11%

Volatility

Volatility by Period

	GKAT	KAT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	10.47%	+1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	10.47%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.97%	10.47%	+1.50%

GKAT vs. KAT - Expense Ratio Comparison

GKAT has a 0.59% expense ratio, which is lower than KAT's 0.75% expense ratio.

Dividends

GKAT vs. KAT - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.44%, while KAT has not paid dividends to shareholders.

Position	TTM	2025
GKAT Scharf Global Opportunity ETF	0.44%	0.24%
KAT Scharf ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GKAT and KAT in my portfolio?

GKAT and KAT have a correlation of 0.89, 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 KAT?

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 KAT?

GKAT is cheaper with a 0.59% expense ratio, compared with 0.75% for KAT.

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

GKAT has the higher dividend yield at 0.44%, compared with 0.00% for KAT.

What is the main difference between GKAT and KAT?

GKAT is categorized as Global Equities, while KAT is Large Cap Blend Equities. Their fees differ too: 0.59% for GKAT and 0.75% for KAT.