GKAT vs. VEGA

Last updated Jun 4, 2026

GKAT (Scharf Global Opportunity ETF) and VEGA (AdvisorShares STAR Global Buy-Write ETF) are both Global Equities funds. A 0.67 correlation means they provide meaningful diversification when combined. GKAT charges 0.59%/yr vs 2.02%/yr for VEGA.

Performance

GKAT vs. VEGA - Performance Comparison

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

Returns By Period

In the year-to-date period, GKAT achieves a 9.70% return, which is significantly higher than VEGA's 7.10% return.

GKAT

• 1D: -0.69%
• 1M: 4.59%
• YTD: 9.70%
• 6M: 12.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEGA

• 1D: -0.52%
• 1M: 3.04%
• YTD: 7.10%
• 6M: 6.87%
• 1Y: 18.86%
• 3Y*: 13.94%
• 5Y*: 7.25%
• 10Y*: 7.95%

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

GKAT vs. VEGA - Yearly Performance Comparison

	2026 (YTD)	2025
GKAT Scharf Global Opportunity ETF	9.70%	6.04%
VEGA AdvisorShares STAR Global Buy-Write ETF	7.10%	5.13%

Correlation

The correlation between GKAT and VEGA is 0.67, 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 26, 2025	0.67

Return for Risk

GKAT vs. VEGA — Risk / Return Rank

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

VEGA

VEGA Risk / Return Rank: 63
VEGA Sharpe Ratio Rank: 63
VEGA Sortino Ratio Rank: 64
VEGA Omega Ratio Rank: 64
VEGA Calmar Ratio Rank: 56
VEGA Martin Ratio Rank: 68

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. VEGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Scharf Global Opportunity ETF (GKAT) and AdvisorShares STAR Global Buy-Write ETF (VEGA). 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	VEGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.82	0.53	+1.29

Drawdowns

GKAT vs. VEGA - Drawdown Comparison

The maximum GKAT drawdown since its inception was -10.41%, smaller than the maximum VEGA drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for GKAT and VEGA.

Drawdown Indicators

	GKAT	VEGA	Difference
Max Drawdown Largest peak-to-trough decline	-10.41%	-28.37%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.37%	—
Current Drawdown Current decline from peak	-0.97%	-0.52%	-0.45%
Average Drawdown Average peak-to-trough decline	-2.07%	-3.79%	+1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.52%	—

Volatility

Volatility by Period

	GKAT	VEGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.97%	9.06%	+2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	12.29%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.97%	12.70%	-0.73%

GKAT vs. VEGA - Expense Ratio Comparison

GKAT has a 0.59% expense ratio, which is lower than VEGA's 2.02% expense ratio.

Dividends

GKAT vs. VEGA - Dividend Comparison

GKAT's dividend yield for the trailing twelve months is around 0.44%, less than VEGA's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GKAT Scharf Global Opportunity ETF	0.44%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGA AdvisorShares STAR Global Buy-Write ETF	1.25%	1.34%	1.05%	1.12%	1.89%	0.55%	0.28%	0.44%	0.45%	0.00%	0.81%

Frequently Asked Questions

Can I hold both GKAT and VEGA in my portfolio?

GKAT and VEGA have a correlation of 0.67, 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 VEGA?

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 VEGA?

GKAT is cheaper with a 0.59% expense ratio, compared with 2.02% for VEGA.

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

VEGA has the higher dividend yield at 1.25%, compared with 0.44% for GKAT.

What is the main difference between GKAT and VEGA?

They also come from different issuers: Scharf Investments and AdvisorShares. Their fees differ too: 0.59% for GKAT and 2.02% for VEGA.