GKAT vs. SHEH

Last updated Aug 2, 2026

GKAT (Scharf Global Opportunity ETF) and SHEH (Shell plc ADRhedged ETF) are both exchange-traded funds - GKAT is a Global Equities fund actively managed by Scharf Investments, while SHEH is a Energy Equities fund tracking the Shell plc - Benchmark Price Return. GKAT is actively managed, while SHEH is passively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. GKAT charges 0.59%/yr vs 0.19%/yr for SHEH.

Performance

GKAT vs. SHEH - Performance Comparison

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

Returns By Period

In the year-to-date period, GKAT achieves a 8.41% return, which is significantly lower than SHEH's 25.94% return.

GKAT

• 1D: 1.18%
• 1M: 2.09%
• 6M: 5.94%
• YTD: 8.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

SHEH

• 1D: 1.60%
• 1M: 16.32%
• 6M: 22.14%
• YTD: 25.94%
• 1Y: 28.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.67%

*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)
GKAT Scharf Global Opportunity ETF	$18.90K	$73.46K	$135.75K
SHEH Shell plc ADRhedged ETF	$787.46K	$653.61K	$317.20K

GKAT vs. SHEH - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	8.41%	5.93%
SHEH Shell plc ADRhedged ETF	25.94%	1.28%

Correlation

The correlation between GKAT and SHEH is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	-0.02

Return for Risk

GKAT vs. SHEH — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

SHEH

SHEH Risk / Return Rank: 48
SHEH Sharpe Ratio Rank: 55
SHEH Sortino Ratio Rank: 52
SHEH Omega Ratio Rank: 51
SHEH Calmar Ratio Rank: 44
SHEH Martin Ratio Rank: 40

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.

GKAT vs. SHEH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) and Shell plc ADRhedged ETF (SHEH). 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	SHEH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.34	—
Sortino ratio: Return per unit of downside risk	—	1.87	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.60	—
Martin ratio: Return relative to average drawdown	—	4.36	—

Drawdowns

GKAT vs. SHEH - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, smaller than the maximum SHEH drawdown of -17.53%. Use the drawdown chart below to compare losses from any high point for GKAT and SHEH.

Drawdown Indicators

	GKAT	SHEH	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-17.53%	+7.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.53%	—
Current Drawdown Current decline from peak	-2.14%	-2.90%	+0.76%
Average Drawdown Average peak-to-trough decline	-2.28%	-4.14%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.41%	—

Volatility

Volatility by Period

	GKAT	SHEH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	20.97%	-8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.23%	20.55%	-8.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	20.55%	-8.32%

GKAT vs. SHEH - Expense Ratio Comparison

GKAT has a 0.59% expense ratio, which is higher than SHEH's 0.19% expense ratio.

Dividends

GKAT vs. SHEH - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.65%, less than SHEH's 1.84% yield.

Position	TTM	2025
GKAT Scharf Global Opportunity ETF	0.65%	0.24%
SHEH Shell plc ADRhedged ETF	1.84%	0.00%

Frequently Asked Questions

Can I hold both GKAT and SHEH in my portfolio?

GKAT and SHEH have a correlation of -0.02, 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 SHEH?

On fees, SHEH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GKAT or SHEH?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.59% for GKAT.

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

SHEH has the higher dividend yield at 1.84%, compared with 0.65% for GKAT.

What is the main difference between GKAT and SHEH?

GKAT is categorized as Global Equities, while SHEH is Energy Equities. They also come from different issuers: Scharf Investments and ADRhedged. Their fees differ too: 0.59% for GKAT and 0.19% for SHEH.